Earnings Per Share (Tables)

6 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended September 30,				Six Months Ended September 30,
(in thousands, except share and per share data)	2018		2017		2018		2017
Basic Earnings Per Share
Numerator for basic earnings per share
Net income attributable to Universal Corporation	$	31,446	$	26,167	$	44,625	$	29,744
Denominator for basic earnings per share
Weighted average shares outstanding	25,152,864		25,334,661		25,108,724		25,370,783
Basic earnings per share	$	1.25	$	1.03	$	1.78	$	1.17
Diluted Earnings Per Share
Numerator for diluted earnings per share
Net income attributable to Universal Corporation	$	31,446	$	26,167	$	44,625	$	29,744
Denominator for diluted earnings per share:
Weighted average shares outstanding	25,152,864		25,334,661		25,108,724		25,370,783
Effect of dilutive securities
Employee share-based awards	184,856		211,885		202,568		218,375
Denominator for diluted earnings per share	25,337,720		25,546,546		25,311,292		25,589,158
Diluted earnings per share	$	1.24	$	1.02	$	1.76	$	1.16