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Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]        
Sales and other operating revenues $ 795,039 $ 652,644 $ 1,875,845 $ 1,456,628
Costs and expenses        
Cost of goods sold 649,539 521,171 1,540,368 1,169,999
Selling, general and administrative expenses 67,974 60,267 206,799 175,513
Other income [1] 0 0 0 (2,532)
Restructuring and impairment costs [2] 0 8,433 0 10,457
Operating income 77,526 62,773 128,678 103,191
Equity in pretax earnings (loss) of unconsolidated affiliates [3] 345 2,084 208 5,056
Other non-operating income (expense) (69) 56 (208) 158
Interest income 77 209 407 799
Interest expense 14,265 7,462 33,259 20,800
Income before income taxes and other items 63,614 57,660 95,826 88,404
Income taxes 12,253 13,505 22,258 18,582
Net income 51,361 44,155 73,568 69,822
Less: net loss (income) attributable to noncontrolling interests in subsidiaries (9,701) (9,215) (3,223) (9,015)
Net income attributable to Universal Corporation $ 41,660 $ 34,940 $ 70,345 $ 60,807
Earnings per share:        
Basic $ 1.68 $ 1.41 $ 2.84 $ 2.46
Diluted $ 1.67 $ 1.40 $ 2.82 $ 2.44
Weighted average common shares outstanding:        
Basic 24,770,294 24,792,108 24,772,827 24,761,290
Diluted 24,928,426 24,949,091 24,934,447 24,912,644
Total comprehensive income (loss)        
Total comprehensive income (loss), net of income taxes $ 64,082 $ 45,862 $ 80,377 $ 72,277
Less: comprehensive (income) loss attributable to noncontrolling interests (10,071) (9,201) (2,976) (8,845)
Comprehensive income (loss) attributable to Universal Corporation $ 54,011 $ 36,661 $ 77,401 $ 63,432
Dividends declared per common share $ 0.79 $ 0.78 $ 2.37 $ 2.34
[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.