Earnings Per Share

6 Months Ended

Sep. 30, 2022

EARNINGS PER SHARE

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


	Three Months Ended September 30,				Six Months Ended September 30,
(in thousands, except share and per share data)	2022		2021		2022		2021

Basic Earnings Per Share
Numerator for basic earnings per share
Net income attributable to Universal Corporation	$	21,855	$	19,510	$	28,685	$	25,867




Denominator for basic earnings per share
Weighted average shares outstanding	24,779,237		24,776,930		24,774,126		24,745,827

Basic earnings per share	$	0.88	$	0.79	$	1.16	$	1.05

Diluted Earnings Per Share
Numerator for diluted earnings per share



Net income attributable to Universal Corporation	$	21,855	$	19,510	$	28,685	$	25,867

Denominator for diluted earnings per share:
Weighted average shares outstanding	24,779,237		24,776,930		24,774,126		24,745,827
Effect of dilutive securities

Employee and outside director share-based awards	160,190		139,416		163,365		148,539
Denominator for diluted earnings per share	24,939,427		24,916,346		24,937,491		24,894,366

Diluted earnings per share	$	0.88	$	0.78	$	1.15	$	1.04