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Earnings Per Share
 6 Months Ended
Sep. 30, 2019
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 September 30,
 
Six Months Ended September 30,
(in thousands, except share and per share data)
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Basic Earnings Per Share
 
 
 
 
 
 
 
 
Numerator for basic earnings per share
 
 
 
 
 
 
 
 
Net income attributable to Universal Corporation
 
$
28,077

 
$
31,446

 
$
30,149

 
$
44,625

 
 
 
 
 
 
 
 
 
Denominator for basic earnings per share
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
25,086,580

 
25,152,864

 
25,122,283

 
25,108,724

 
 
 
 
 
 
 
 
 
Basic earnings per share
 
$
1.12

 
$
1.25

 
$
1.20

 
$
1.78

 
 
 
 
 
 
 
 
 
Diluted Earnings Per Share
 
 
 
 
 
 
 
 
Numerator for diluted earnings per share
 
 
 
 
 
 
 
 
Net income attributable to Universal Corporation
 
$
28,077

 
$
31,446

 
$
30,149

 
$
44,625

 
 
 
 
 
 
 
 
 
Denominator for diluted earnings per share:
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
25,086,580

 
25,152,864

 
25,122,283

 
25,108,724

Effect of dilutive securities
 
 
 
 
 
 
 
 
Employee share-based awards
 
110,745

 
184,856

 
118,317

 
202,568

Denominator for diluted earnings per share
 
25,197,325

 
25,337,720

 
25,240,600

 
25,311,292

 
 
 
 
 
 
 
 
 
Diluted earnings per share
 
$
1.11

 
$
1.24

 
$
1.19

 
$
1.76