Consolidated Statements Of Income And Comprehensive Income - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||||||
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Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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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 | ||||||
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of other income that is infrequent in occurrence or unusual in nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after cash payment, of expenses associated with exit or disposal activities pursuant to an authorized plan and expenses resulting from the write-down of assets. Excludes expenses related to a business combination, a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Revenues from operations, excluding interest and dividend income. Includes revenues from the following sources: investment banking (underwriting and financial advisory), principal transactions (sales and trading, and investment gains and losses), commissions, asset management, and investment advisory and other services. No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition This item represents the entity's proportionate share for the period of the PRETAX income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. Such amount typically reflects adjustments similar to those made in preparing consolidated statements, including adjustments to eliminate intercompany gains and losses, and to amortize, if appropriate, any difference between cost and underlying equity in net assets of the investee at the date of investment. No definition available.
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- Definition Sum of operating profit and nonoperating income (expense) including pretax income (loss) from equity method investments, but before income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. No definition available.
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