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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]      
Sales and other operating revenues $ 1,983,357 $ 1,909,979 $ 2,227,153
Costs and expenses      
Cost of goods sold 1,597,354 1,553,167 1,820,562
Selling, general and administrative expenses 219,789 222,902 225,118
Other income [1] (4,173) 0 0
Restructuring and impairment costs 22,577 7,543 20,304
Operating income 147,810 126,367 161,169
Equity in pretax earnings of unconsolidated affiliates [2] 2,985 4,211 5,299
Other non-operating income (expense) (440) 986 832
Interest income 325 1,581 1,532
Interest expense 24,954 19,854 17,510
Income before income taxes 125,726 113,291 151,322
Income taxes 29,412 35,288 41,188
Net income 96,314 78,003 110,134
Less: net income attributable to noncontrolling interests in subsidiaries (8,904) (6,323) (6,013)
Net income attributable to Universal Corporation $ 87,410 $ 71,680 $ 104,121
Earnings per share:      
Basic $ 3.55 $ 2.87 $ 4.14
Diluted $ 3.53 $ 2.86 $ 4.11
Weighted average common shares outstanding:      
Basic 24,656,009 24,982,259 25,129,192
Diluted 24,788,566 25,106,351 25,330,437
[1] Other income represents the reversal of a portion of the contingent consideration liability associated with the acquisition of FruitSmart. See Note 2 for additional information.
[2] Equity in pretax earnings of unconsolidated affiliates is included in reportable segment operating income, but is reported below consolidated operating income and excluded from that total in the consolidated statements of income.