XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Sales and other operating revenues $ 350,029 $ 315,811
Sales and other operating revenues 350,029 315,811
Costs and expenses    
Cost of goods sold 287,556 262,046
Selling, general and administrative expenses 49,844 49,410
Other income [1] 0 4,173
Restructuring and impairment costs [2] 2,024 0
Operating income 10,605 8,528
Equity in pretax earnings (loss) of unconsolidated affiliates [3] 609 (7)
Other non-operating income (expense) 48 (18)
Interest income 73 159
Interest expense 6,208 6,810
Income before income taxes and other items 5,127 1,852
Income taxes 1,215 (5,048)
Net income 3,912 6,900
Less: net loss (income) attributable to noncontrolling interests in subsidiaries 2,445 374
Net income attributable to Universal Corporation $ 6,357 $ 7,274
Earnings per share:    
Basic $ 0.26 $ 0.30
Diluted $ 0.26 $ 0.29
Weighted average common shares outstanding:    
Basic 24,694,489 24,602,610
Diluted 24,852,151 24,703,579
Total comprehensive income (loss)    
Total comprehensive income, net of income taxes $ 12,746 $ 7,209
Less: comprehensive (income) loss attributable to noncontrolling interests 2,416 530
Comprehensive income (loss) attributable to Universal Corporation $ 15,162 $ 7,739
Dividends declared per common share $ 0.78 $ 0.77
[1] Other income represents the reversal of a portion of the contingent consideration liability associated with the acquisition of FruitSmart. See Note 12 for additional information.
[2] Restructuring and impairment costs are excluded from segment operating income, but are included in consolidated operating income in the consolidated statements of income and comprehensive income. See Note 4 for additional information.
[3] Equity in pretax earnings (loss) of unconsolidated affiliates is included in segment operating income (Tobacco Operations), but is reported below consolidated operating income and excluded from that total in the consolidated statements of income and comprehensive income.