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Earnings Per Share
 12 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
 
Fiscal Year Ended March 31,
(in thousands, except share and per share data)
2020
 
2019
 
2018
Basic Earnings Per Share
 
 
 
 
 
Numerator for basic earnings per share
 
 
 
 
 
Net income attributable to Universal Corporation
$
71,680

 
$
104,121

 
$
105,662

 
 
 
 
 
 
Denominator for basic earnings per share
 
 
 
 
 
Weighted average shares outstanding
24,982,259

 
25,129,192

 
25,274,975

 
 
 
 
 
 
 Basic earnings per share
$
2.87

 
$
4.14

 
$
4.18

 
 
 
 
 
 
Diluted Earnings Per Share
 
 
 
 
 
Numerator for diluted earnings per share
 
 
 
 
 
Net income attributable to Universal Corporation
$
71,680

 
$
104,121

 
$
105,662

 
 
 
 
 
 
Denominator for diluted earnings per share:
 
 
 
 
 
Weighted average shares outstanding
24,982,259

 
25,129,192

 
25,274,975

Effect of dilutive securities
 
 
 
 
 
 Employee and outside director share-based awards
124,092

 
201,245

 
233,169

Denominator for diluted earnings per share
25,106,351

 
25,330,437

 
25,508,144

 
 
 
 
 
 
Diluted earnings per share
$
2.86

 
$
4.11

 
$
4.14