Earnings Per Share (Tables)

3 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended June 30,
(in thousands, except share and per share data)	2021		2020
Basic Earnings Per Share
Numerator for basic earnings per share
Net income attributable to Universal Corporation	$	6,357	$	7,274
Denominator for basic earnings per share
Weighted average shares outstanding	24,694,489		24,602,610
Basic earnings per share	$	0.26	$	0.30
Diluted Earnings Per Share
Numerator for diluted earnings per share
Net income attributable to Universal Corporation	$	6,357	$	7,274
Denominator for diluted earnings per share:
Weighted average shares outstanding	24,694,489		24,602,610
Effect of dilutive securities
Employee and outside director share-based awards	157,662		100,969
Denominator for diluted earnings per share	24,852,151		24,703,579
Diluted earnings per share	$	0.26	$	0.29