Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016
ASSETS
Cash and cash equivalents	$ 128,605	$ 283,993	$ 316,087
Accounts receivable, net	209,321	439,288	218,665
Advances to suppliers, net	58,218	103,750	69,044
Accounts receivable—unconsolidated affiliates	62,239	2,373	46,794
Inventories—at lower of or net realizable value:
Tobacco	917,945	565,943	846,356
Other	74,628	68,087	66,080
Prepaid income taxes	16,523	16,713	19,948
Other current assets	71,823	81,252	50,772
Total current assets	1,539,302	1,561,399	1,633,746
Property, plant and equipment
Land	22,787	22,852	22,927
Buildings	267,740	266,802	264,438
Machinery and equipment	606,473	597,213	593,507
Total property, plant and equipment	897,000	886,867	880,872
Less accumulated depreciation	(580,927)	(569,527)	(557,856)
Property, plant and equipment, net	316,073	317,340	323,016
Other assets
Goodwill and other intangibles	99,023	98,888	99,059
Investments in unconsolidated affiliates	82,645	78,457	79,510
Deferred income taxes	25,451	25,422	20,860
Other noncurrent assets	42,494	41,899	57,693
Total other assets	249,613	244,666	257,122
Total assets	2,104,988	2,123,405	2,213,884
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable and overdrafts	45,064	59,133	70,753
Accounts payable and accrued expenses	189,676	153,515	165,651
Accounts payable—unconsolidated affiliates	869	7,231	2,730
Customer advances and deposits	1,841	11,007	8,406
Accrued compensation	19,404	32,007	22,863
Income taxes payable	2,132	5,103	4,057
Current portion of long-term debt	0	0	0
Total current liabilities	258,986	267,996	274,460
Long-term debt	368,821	368,733	368,468
Pensions and other postretirement benefits	77,312	80,689	88,782
Other long-term liabilities	31,189	31,424	45,480
Deferred income taxes	46,836	47,985	11,778
Total liabilities	783,144	796,827	788,968
Shareholders' equity
Common stock, no par value, 100,000,000 shares authorized, 25,325,595 shares issued and outstanding (22,766,040 at June 30, 2016, and 25,274,506 at March 31, 2017)	321,215	321,207	209,044
Retained earnings	1,024,567	1,034,841	1,044,674
Accumulated other comprehensive loss	(63,723)	(69,559)	(76,959)
Total Universal Corporation shareholders' equity	1,282,059	1,286,489	1,388,321
Noncontrolling interests in subsidiaries	39,785	40,089	36,595
Total shareholders' equity	1,321,844	1,326,578	1,424,916
Total liabilities and shareholders' equity	2,104,988	2,123,405	2,213,884
Series A Junior Participating Preferred Stock [Member]
Shareholders' equity
Preferred Stock	0	0	0
Series B 6.75% Convertible Perpetual Preferred Stock [Member]
Shareholders' equity
Preferred Stock	$ 0	$ 0	$ 211,562

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.