Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries

3 Months Ended

Jun. 30, 2019

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]

Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries

CHANGES IN SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS IN SUBSIDIARIES

A reconciliation of the changes in Universal Corporation shareholders’ equity and noncontrolling interests in subsidiaries for the three months ended June 30, 2019 and 2018 is as follows:

	Three Months Ended June 30, 2019									Three Months Ended June 30, 2018
(in thousands of dollars)	Universal Corporation			Non-controlling Interests			Total			Universal Corporation			Non-controlling Interests			Total
Balance at beginning of year	$	1,337,087		$	42,791		$	1,379,878		$	1,342,429		$	42,873		$	1,385,302
Changes in common stock
Repurchase of common stock	(1,174		)	—			(1,174		)	(397		)	—			(397		)
Accrual of stock-based compensation	2,728			—			2,728			4,198			—			4,198
Withholding of shares from stock-based compensation for grantee income taxes	(2,883		)	—			(2,883		)	(2,656		)	—			(2,656		)
Dividend equivalents on RSUs	244			—			244			185			—			185
Changes in retained earnings
Net income	2,072			(1,177		)	895			13,179			(2,119		)	11,060
Cash dividends declared
Common stock	(18,979		)	—			(18,979		)	(18,718		)	—			(18,718		)
Repurchase of common stock	(4,040		)	—			(4,040		)	(1,046		)	—			(1,046		)
Dividend equivalents on RSUs	(244		)	—			(244		)	(185		)	—			(185		)
Adoption of FASB Accounting Standards Update 2016-16 eliminating deferred income taxes on unrecognized gains on intra-entity transfers of assets other than inventory	—			—			—			(1,934		)	—			(1,934		)
Other comprehensive income (loss)	(4,470		)	123			(4,347		)	(13,378		)	(159		)	(13,537		)
Balance at end of period	$	1,310,341		$	41,737		$	1,352,078		$	1,321,677		$	40,595		$	1,362,272