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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]      
Sales and other operating revenues $ 2,103,601 $ 1,983,357 $ 1,909,979
Costs and expenses      
Cost of goods sold 1,694,675 1,597,354 1,553,167
Selling, general and administrative expenses 240,686 219,789 222,902
Other income [1] (2,532) (4,173) 0
Restructuring and impairment costs 10,457 22,577 7,543
Operating income 160,315 147,810 126,367
Equity in pretax earnings of unconsolidated affiliates [2] 6,095 2,985 4,211
Other non-operating income (expense) 2,687 (440) 986
Interest income 917 325 1,581
Interest expense 27,747 24,954 19,854
Income before income taxes 142,267 125,726 113,291
Income taxes 38,663 29,412 35,288
Net income 103,604 96,314 78,003
Less: net income attributable to noncontrolling interests in subsidiaries (17,027) (8,904) (6,323)
Net income attributable to Universal Corporation $ 86,577 $ 87,410 $ 71,680
Earnings per share:      
Basic $ 3.50 $ 3.55 $ 2.87
Diluted $ 3.47 $ 3.53 $ 2.86
Weighted average common shares outstanding:      
Basic 24,764,177 24,656,009 24,982,259
Diluted 24,922,896 24,788,566 25,106,351
[1] Other income represents the reversal of the contingent consideration liability associated with the acquisition of FruitSmart. See Note 2 for additional information.
[2] Equity in pretax earnings of unconsolidated affiliates is included in reportable segment operating income, but is reported below consolidated operating income and excluded from that total in the consolidated statements of income.