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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Mar. 31, 2017
Dec. 31, 2016
ASSETS      
Cash and cash equivalents $ 146,578 $ 283,993 $ 411,507
Accounts receivable, net 347,175 439,288 280,978
Advances to suppliers, net 108,952 103,750 93,175
Accounts receivable—unconsolidated affiliates 1,799 2,373 2,073
Inventories—at lower of cost or net realizable value:      
Tobacco 796,165 565,943 736,368
Other 69,687 68,087 67,638
Prepaid income taxes 14,459 16,713 11,419
Other current assets 92,959 81,252 61,856
Total current assets 1,577,774 1,561,399 1,665,014
Property, plant and equipment      
Land 22,885 22,852 22,760
Buildings 269,670 266,802 264,485
Machinery and equipment 621,051 597,213 603,860
Total property, plant and equipment 913,606 886,867 891,105
Less accumulated depreciation (596,722) (569,527) (569,697)
Property, plant and equipment, net 316,884 317,340 321,408
Other assets      
Goodwill and other intangibles 98,981 98,888 98,869
Investments in unconsolidated affiliates 86,246 78,457 75,574
Deferred income taxes 21,049 25,422 24,266
Other noncurrent assets 49,033 41,899 41,798
Total other assets 255,309 244,666 240,507
Total assets 2,149,967 2,123,405 2,226,929
LIABILITIES AND SHAREHOLDERS' EQUITY      
Notes payable and overdrafts 50,804 59,133 52,052
Accounts payable and accrued expenses 138,161 153,515 131,925
Accounts payable—unconsolidated affiliates 16,184 7,231 10,522
Customer advances and deposits 23,939 11,007 14,201
Accrued compensation 19,387 32,007 22,800
Income taxes payable 8,052 5,103 7,239
Current portion of long-term debt 0 0 0
Total current liabilities 256,527 267,996 238,739
Long-term debt 368,998 368,733 368,645
Pensions and other postretirement benefits 74,577 80,689 78,930
Other long-term liabilities 47,289 31,424 30,038
Deferred income taxes 31,903 47,985 29,075
Total liabilities 779,294 796,827 745,427
Shareholders' equity      
Common stock, no par value, 100,000,000 shares authorized 25,114,349 shares issued and outstanding (25,270,976 at December 31, 2016, and 25,274,506 at March 31, 2017) 321,832 321,207 319,509
Retained earnings 1,058,556 1,034,841 1,090,148
Accumulated other comprehensive loss (55,444) (69,559) (71,723)
Total Universal Corporation shareholders' equity 1,324,944 1,286,489 1,441,946
Noncontrolling interests in subsidiaries 45,729 40,089 39,556
Total shareholders' equity 1,370,673 1,326,578 1,481,502
Total liabilities and shareholders' equity 2,149,967 2,123,405 2,226,929
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 $ 104,012