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Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]        
Sales and other operating revenues $ 652,644 $ 672,931 $ 1,456,628 $ 1,365,767
Costs and expenses        
Cost of goods sold 521,171 533,431 1,169,999 1,103,744
Selling, general and administrative expenses 60,267 59,335 175,513 161,152
Other income [1] 0 0 (2,532) (4,173)
Restructuring and impairment costs [2] 8,433 19,979 10,457 19,979
Operating income 62,773 60,186 103,191 85,065
Equity in pretax earnings (loss) of unconsolidated affiliates [3] 2,084 1,506 5,056 2,089
Other non-operating income (expense) 56 30 158 (8)
Interest income 209 2 799 262
Interest expense 7,462 6,735 20,800 19,140
Income before income taxes and other items 57,660 54,989 88,404 68,268
Income taxes 13,505 14,548 18,582 12,678
Net income 44,155 40,441 69,822 55,590
Less: net loss (income) attributable to noncontrolling interests in subsidiaries (9,215) (7,168) (9,015) (7,541)
Net income attributable to Universal Corporation $ 34,940 $ 33,273 $ 60,807 $ 48,049
Earnings per share:        
Basic $ 1.41 $ 1.35 $ 2.46 $ 1.95
Diluted $ 1.40 $ 1.34 $ 2.44 $ 1.94
Weighted average common shares outstanding:        
Basic 24,792,108 24,677,122 24,761,290 24,646,342
Diluted 24,949,091 24,818,918 24,912,644 24,764,439
Total comprehensive income (loss)        
Total comprehensive income, net of income taxes $ 45,862 $ 55,681 $ 72,277 $ 84,950
Less: comprehensive (income) loss attributable to noncontrolling interests (9,201) (7,114) (8,845) (7,566)
Comprehensive income (loss) attributable to Universal Corporation $ 36,661 $ 48,567 $ 63,432 $ 77,384
Dividends declared per common share $ 0.78 $ 0.77 $ 2.34 $ 2.31
[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.