Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
ASSETS
Cash and cash equivalents	$ 107,430	$ 297,556
Accounts receivable, net	340,711	368,110
Advances to suppliers, net	133,778	106,850
Accounts receivable—unconsolidated affiliates	11,483	30,951
Inventories—at lower of cost or net realizable value:
Tobacco	707,298	629,606
Other	99,275	69,611
Prepaid income taxes	12,144	14,264
Other current assets	67,498	71,197
Total current assets	1,479,617	1,588,145
Property, plant and equipment
Land	21,376	22,952
Buildings	256,488	261,976
Machinery and equipment	634,395	608,191
Total property, plant and equipment	912,259	893,119
Less accumulated depreciation	(597,106)	(590,625)
Property, plant and equipment, net	315,153	302,494
Other assets
Operating lease right-of-use assets	39,256	0
Goodwill and other intangibles, net	144,687	97,994
Investments in unconsolidated affiliates	77,543	80,482
Deferred income taxes	20,954	13,357
Other noncurrent assets	43,711	50,712
Total other assets	326,151	242,545
Total assets	2,120,921	2,133,184
Current liabilities
Notes payable and overdrafts	78,033	54,023
Accounts payable and accrued expenses	140,202	145,506
Accounts payable—unconsolidated affiliates	55	106
Customer advances and deposits	10,242	21,675
Accrued compensation	23,710	31,372
Income taxes payable	5,334	1,066
Current portion of operating lease liabilities	9,823	0
Current portion of long-term debt	0	0
Total current liabilities	267,399	253,748
Long-term debt	368,764	368,503
Pensions and other postretirement benefits	70,680	59,257
Long-term operating lease liabilities	25,893	0
Other long-term liabilities	69,427	43,214
Deferred income taxes	29,474	28,584
Total liabilities	831,637	753,306
Shareholders’ equity
Series A Junior Participating Preferred Stock, no par value, 500,000 shares authorized, none issued or outstanding	0	0
Common stock, no par value, 100,000,000 shares authorized, 24,421,835 shares issued and outstanding (24,989,946 at March 31, 2019)	321,502	326,600
Retained earnings	1,076,760	1,106,178
Accumulated other comprehensive loss	(151,597)	(95,691)
Total Universal Corporation shareholders' equity	1,246,665	1,337,087
Noncontrolling interests in subsidiaries	42,619	42,791
Total shareholders' equity	1,289,284	1,379,878
Total liabilities and shareholders' equity	$ 2,120,921	$ 2,133,184