Earnings Per Share (Tables)

9 Months Ended

Dec. 31, 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 December 31,				Nine Months Ended December 31,
(in thousands, except share and per share data)	2021		2020		2021		2020
Basic Earnings Per Share
Numerator for basic earnings per share
Net income attributable to Universal Corporation	$	34,940	$	33,273	$	60,807	$	48,049
Denominator for basic earnings per share
Weighted average shares outstanding	24,792,108		24,677,122		24,761,290		24,646,342
Basic earnings per share	$	1.41	$	1.35	$	2.46	$	1.95
Diluted Earnings Per Share
Numerator for diluted earnings per share
Net income attributable to Universal Corporation	$	34,940	$	33,273	$	60,807	$	48,049
Denominator for diluted earnings per share:
Weighted average shares outstanding	24,792,108		24,677,122		24,761,290		24,646,342
Effect of dilutive securities
Employee and outside director share-based awards	156,983		141,796		151,354		118,097
Denominator for diluted earnings per share	24,949,091		24,818,918		24,912,644		24,764,439
Diluted earnings per share	$	1.40	$	1.34	$	2.44	$	1.94