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Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Sales and other operating revenues $ 653,581 $ 668,771 $ 1,426,451 $ 1,421,188
Costs and expenses        
Cost of goods sold 545,063 533,318 1,171,000 1,145,694
Selling, general and administrative expenses 48,839 52,068 144,242 153,101
Restructuring and impairment costs [1] 0 178 0 3,860
Operating income 59,679 83,207 111,209 118,533
Equity in pretax earnings of unconsolidated affiliates [2] 6,404 4,495 6,636 5,625
Interest income 166 482 1,362 1,116
Interest expense 4,020 4,051 11,916 12,440
Income before income taxes and other items 62,229 84,133 107,291 112,834
Income taxes 12,010 27,071 25,445 36,778
Net income 50,219 57,062 81,846 76,056
Less: net (income) loss attributable to noncontrolling interests in subsidiaries (4,819) (3,415) (6,702) (2,621)
Net income attributable to Universal Corporation 45,400 53,647 75,144 73,435
Dividends on Universal Corporation convertible perpetual preferred stock 0 (3,687) 0 (11,061)
Earnings available to Universal Corporation common shareholders $ 45,400 $ 49,960 $ 75,144 $ 62,374
Earnings per share attributable to Universal Corporation common shareholders:        
Basic $ 1.80 $ 2.17 $ 2.97 $ 2.73
Diluted $ 1.78 $ 1.92 $ 2.94 $ 2.63
Weighted average common shares outstanding:        
Basic 25,230,336 22,982,473 25,323,796 22,831,717
Diluted 25,460,409 27,996,583 25,546,070 27,967,215
Total comprehensive income (loss)        
Total comprehensive income, net of income taxes $ 53,971 $ 58,717 $ 96,159 $ 76,038
Less: comprehensive income attributable to noncontrolling interests, net of income taxes (5,128) (3,214) (6,900) (1,976)
Comprehensive income attributable to Universal Corporation, net of income taxes $ 48,843 $ 55,503 $ 89,259 $ 74,062
Dividends declared per common share $ 0.55 $ 0.54 $ 1.63 $ 1.60
[1] Restructuring and impairment costs are excluded from segment operating income, but are included in consolidated operating income in the consolidated statements of income and comprehensive income.
[2] Equity in pretax earnings of unconsolidated affiliates is included in segment operating income (Other Tobacco Operations segment), but is reported below consolidated operating income and excluded from that total in the consolidated statements of income and comprehensive income