Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries

3 Months Ended

Jun. 30, 2021

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 months ended June 30, 2021 and 2020 is as follows:

	Three Months Ended June 30, 2021						Three Months Ended June 30, 2020
(in thousands of dollars)	Universal Corporation		Non-controlling Interests		Total		Universal Corporation		Non-controlling Interests		Total
Balance at beginning of year	$	1,307,299	$	41,126	$	1,348,425	$	1,246,665	$	42,619	$	1,289,284
Changes in common stock
Accrual of stock-based compensation	2,966		—		2,966		2,633		—		2,633
Withholding of shares from stock-based compensation for grantee income taxes	(2,432)		—		(2,432)		(1,930)		—		(1,930)
Dividend equivalents on RSUs	264		—		264		244		—		244
Changes in retained earnings
Net income	6,357		(2,445)		3,912		7,274		(374)		6,900
Cash dividends declared
Common stock	(19,170)		—		(19,170)		(18,863)		—		(18,863)
Dividend equivalents on RSUs	(264)		—		(264)		(244)		—		(244)
Other comprehensive income (loss)	8,805		29		8,834		465		(156)		309
Other changes in noncontrolling interests
Dividends paid to noncontrolling shareholders	—		(980)		(980)		—		—		—
Balance at end of period	$	1,303,825	$	37,730	$	1,341,555	$	1,236,244	$	42,089	$	1,278,333