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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]      
Sales and other operating revenues $ 2,569,824 $ 2,103,601 $ 1,983,357
Costs and expenses      
Cost of goods sold 2,111,539 1,694,675 1,597,354
Selling, general and administrative expenses 277,213 240,686 219,789
Other income [1] 0 (2,532) (4,173)
Restructuring and impairment costs 0 10,457 22,577
Operating income 181,072 160,315 147,810
Equity in pretax earnings of unconsolidated affiliates [2] 2,383 6,095 2,985
Other non-operating income (expense) 1,791 2,687 (440)
Interest income 6,023 917 325
Interest expense 49,300 27,747 24,954
Income before income taxes 141,969 142,267 125,726
Income taxes 11,733 38,663 29,412
Net income 130,236 103,604 96,314
Less: net income attributable to noncontrolling interests in subsidiaries (6,184) (17,027) (8,904)
Net income attributable to Universal Corporation $ 124,052 $ 86,577 $ 87,410
Earnings per share:      
Basic $ 5.01 $ 3.50 $ 3.55
Diluted $ 4.97 $ 3.47 $ 3.53
Weighted average common shares outstanding:      
Basic 24,773,710 24,764,177 24,656,009
Diluted 24,943,841 24,922,896 24,788,566
[1] Other income represents the reversal of the contingent consideration liability associated with the acquisition of FruitSmart. See Note 12 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.