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Earnings Per Share
 3 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended June 30,
(in thousands, except share and per share data)
 
2018
 
2017
 
 
 
 
 
Basic Earnings Per Share
 
 
 
 
Numerator for basic earnings per share
 
 
 
 
Net income attributable to Universal Corporation
 
$
13,179

 
$
3,577

 
 
 
 
 
Denominator for basic earnings per share
 
 
 
 
Weighted average shares outstanding
 
25,064,420

 
25,407,293

 
 
 
 
 
Basic earnings per share
 
$
0.53

 
$
0.14

 
 
 
 
 
Diluted Earnings Per Share
 
 
 
 
Numerator for diluted earnings per share
 
 
 
 
Net income attributable to Universal Corporation
 
$
13,179

 
$
3,577

 
 
 
 
 
Denominator for diluted earnings per share:
 
 
 
 
Weighted average shares outstanding
 
25,064,420

 
25,407,293

Effect of dilutive securities
 
 
 
 
Employee share-based awards
 
220,280

 
224,864

Denominator for diluted earnings per share
 
25,284,700

 
25,632,157

 
 
 
 
 
Diluted earnings per share
 
$
0.52

 
$
0.14