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Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries
 6 Months Ended
Sep. 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 and six months ended September 30, 2019 and 2018 is as follows:

 
 
Three Months Ended September 30, 2019
 
Three Months Ended September 30, 2018
(in thousands of dollars)
 
Universal Corporation
 
Non-controlling Interests
 
Total
 
Universal Corporation
 
Non-controlling Interests
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of three-month period
 
$
1,310,341

 
$
41,737

 
$
1,352,078

 
$
1,321,677

 
$
40,595

 
$
1,362,272

 
 
 
 
 
 
 
 
 
 
 
 
 
Changes in common stock
 
 

 
 

 
 
 
 

 
 

 
 
Repurchase of common stock
 
(1,800
)
 
—

 
(1,800
)
 
—

 
—

 
—

Accrual of stock-based compensation
 
959

 
—

 
959

 
1,552

 
—

 
1,552

Withholding of shares from stock-based compensation for grantee income taxes
 
—

 
—

 
—

 
(1
)
 
—

 
(1
)
Dividend equivalents on RSUs
 
253

 
—

 
253

 
186

 
—

 
186

 
 
 
 
 
 
 
 
 
 
 
 
 
Changes in retained earnings
 
 

 
 

 
 
 
 

 
 

 
 
Net income
 
28,077

 
1,670

 
29,747

 
31,446

 
2,847

 
34,293

Cash dividends declared
 
 
 
 
 
 
 
 

 
 

 
 
Common stock
 
(18,879
)
 
—

 
(18,879
)
 
(18,727
)
 
—

 
(18,727
)
Repurchase of common stock
 
(5,324
)
 
—

 
(5,324
)
 
—

 
—

 
—

Dividend equivalents on RSUs
 
(253
)
 
—

 
(253
)
 
(186
)
 
—

 
(186
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
 
(14,715
)
 
(124
)
 
(14,839
)
 
394

 
(105
)
 
289

 
 
 
 
 
 
 
 
 
 
 
 
 
Other changes in noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
Dividends paid to noncontrolling shareholders
 
—

 
(3,359
)
 
(3,359
)
 
—

 
(1,260
)
 
(1,260
)
Balance at end of period
 
$
1,298,659

 
$
39,924

 
$
1,338,583

 
$
1,336,341

 
$
42,077

 
$
1,378,418


 
 
Six Months Ended September 30, 2019
 
Six Months Ended September 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
 
(2,974
)
 
—

 
(2,974
)
 
(397
)
 
—

 
(397
)
Accrual of stock-based compensation
 
3,687

 
—

 
3,687

 
5,750

 
—

 
5,750

Withholding of shares from stock-based compensation for grantee income taxes
 
(2,883
)
 
—

 
(2,883
)
 
(2,657
)
 
—

 
(2,657
)
Dividend equivalents on RSUs
 
497

 
—

 
497

 
371

 
—

 
371

 
 
 
 
 
 
 
 
 
 
 
 
 
Changes in retained earnings
 
 

 
 

 
 
 
 

 
 

 
 
Net income
 
30,149

 
493

 
30,642

 
44,625

 
728

 
45,353

Cash dividends declared
 
 
 
 
 
 
 
 

 
 

 
 
Common stock
 
(37,858
)
 
—

 
(37,858
)
 
(37,445
)
 
—

 
(37,445
)
Repurchase of common stock
 
(9,364
)
 
—

 
(9,364
)
 
(1,046
)
 
—

 
(1,046
)
Dividend equivalents on RSUs
 
(497
)
 
—

 
(497
)
 
(371
)
 
—

 
(371
)
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)
 
(19,185
)
 
(1
)
 
(19,186
)
 
(12,984
)
 
(264
)
 
(13,248
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other changes in noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
Dividends paid to noncontrolling shareholders
 
—

 
(3,359
)
 
(3,359
)
 
—

 
(1,260
)
 
(1,260
)
Balance at end of period
 
$
1,298,659

 
$
39,924

 
$
1,338,583

 
$
1,336,341

 
$
42,077

 
$
1,378,418