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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
The following table provides information required under the SEC’s Item 402(v) of Regulation S-K disclosing (i) a measure of total compensation and a measure reflecting "compensation actually paid" for our principal executive officer ("PEO") and, as an average, for our other named executive officers ("NEOs"), and (ii) select financial performance measures, in each case, for our three most recently completed fiscal years.
Value of Initial Fixed $100 Investment Based On:
YearSummary Compensation Table Total for PEO (1)Compensation Actually Paid to PEO (2)Average Summary Compensation Table Total for Non-PEO NEOs (3)Average Compensation Actually Paid to Non-PEO NEOs (4)Total Shareholder Return (5)Peer Group Total Shareholder Return (6)Net Income (Loss) ($ in thousands) (7)1 Year Adjusted Diluted EPS (8)
(a)(b)(c)(d)(e)(f)(g)(h)(i)
2023$4,832,074 $5,325,169 $1,823,628 $1,919,696 $143.55 $180.30 $124,052 $5.10 
2022$3,735,584 $4,363,778 $1,449,372 $1,574,242 $148.67 $197.73 $86,577 $3.88 
2021$5,171,861 $6,885,379 $1,732,667 $2,251,644 $142.74 $195.33 $87,410 $4.24 
(1)    The dollar amounts reported in column B are the amounts of total compensation reported for Mr. G. Freeman for each corresponding year in the "Total" column of the Summary Compensation Table. Refer to the section of this Proxy Statement titled “Summary Compensation Table.”
(2)    The dollar amounts reported in column C represent the amount of "compensation actually paid" to Mr. G. Freeman for the corresponding fiscal year, as computed in accordance with Item 402(v) of Regulation S-K and as further described below. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. G. Freeman during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. G. Freeman’s total compensation for each year to determine the compensation actually paid:
YearReported Summary Compensation Table Total for PEOReported Value of Equity AwardsEquity Award AdjustmentsReported Change in the Actuarial Present Value of Pension BenefitsPension Benefit AdjustmentsCompensation Actually Paid to PEO
(a)(b)(c)(d)
2023$4,832,074 $(2,117,839)$2,251,432 $— $359,502 $5,325,169 
2022$3,735,584 $(1,809,558)$2,053,872 $— $383,880 $4,363,778 
2021$5,171,861 $(1,678,735)$4,521,365 $(1,501,209)$372,097 $6,885,379 
a.The grant date fair value of equity awards represents the total of the amounts reported in the "Stock Awards" column in the Summary Compensation Table for the applicable year. Refer to the section of this Proxy Statement titled “Summary Compensation Table.”
b.The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate the fair value were updated as of each measurement date and will differ from those disclosed as of the grant date. The methodology used to develop the valuation assumptions as of each applicable measurement date is consistent with those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
YearYear-End Fair Value of Equity Awards Granted in the Year and that are UnvestedYear-over-Year Change in Fair Value of Equity Awards Granted in Prior Years that are UnvestedFair Value as of Vesting Date of Equity Awards Granted and Vested in the YearYear-over-Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the YearPrior Year-End Fair Value of Equity Awards that Failed to Meet Vesting Conditions in the YearValue of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total CompensationTotal Equity Awards Adjustments
2023$1,979,189 $(223,314)$— $193,290 $— $302,226 $2,251,432 
2022$1,831,797 $(99,650)$— $(7,531)$— $329,257 $2,053,872 
2021$2,388,066 $1,775,014 $— $(11,228)$— $369,513 $4,521,365 
c.The reported change in the actuarial present value of defined benefit pension benefits reported in the "Change in Pension Value and Nonqualified Deferred Compensation Earnings" column in the Summary Compensation Table for the applicable year. Refer to the section of this Proxy Statement titled “Summary Compensation Table.”
d.The pension benefit adjustment is the value attributable to the applicable years’ service cost.
(3)    The dollar amounts reported in D represent the average of the amounts reported for the non-PEO NEOs in the "Total" column of the Summary Compensation Table in each applicable year. The names of each of the non-PEO NEOs included for purposes of calculating the average amounts in each applicable year are as follows: Mr. Hentschke, Mr. Kroner, Mr. Wigner, and Mr. Broome for 2021, 2022, and 2023.
(4)    The dollar amounts reported in E represent the average amount of "compensation actually paid" to the non-PEO NEOs specified in footnote (3), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the non-PEO NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the non-PEO NEOs for each year to determine the compensation actually paid, using the same methodology described above in footnote (2):
YearAverage Reported Summary Compensation Table Total for Non-PEO NEOsAverage Reported Value of Equity AwardsAverage Equity Award AdjustmentsReported Change in the Actuarial Present Value of Pension BenefitsPension Benefit AdjustmentsAverage Compensation Actually Paid to Non-PEO NEOs
(a)(b)(c)
2023$1,823,628 $(647,679)$671,393 $(25,749)$98,104 $1,919,696 
2022$1,449,372 $(546,555)$614,848 $(52,414)$108,993 $1,574,242 
2021$1,732,667 $(506,936)$1,283,618 $(356,430)$98,726 $2,251,644 
a.The grant date fair value of equity awards represents the total of the average amounts reported in the "Stock Awards" column for non-PEO NEOs in the Summary Compensation Table for the applicable year. Refer to the section of this Proxy Statement titled “Summary Compensation Table.”
b.The average equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following for each of the non-PEO NEOs: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate the fair value were updated as of each measurement date and will differ from those disclosed as of the grant date. The methodology used to develop the valuation assumptions as of each applicable measurement date is consistent with those disclosed at the time of grant. The amounts deducted or added in calculating the average equity award adjustments are as follows:
YearAverage Year-End Fair Value of Equity Awards Granted in the Year and that are UnvestedAverage Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years that are UnvestedAverage Fair Value as of Vesting Date of Equity Awards Granted and Vested in the YearAverage Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the YearAverage Prior Year-End Fair Value of Equity Awards that Failed to Meet Vesting Conditions in the YearAverage Value of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total CompensationAverage Equity Awards Adjustments
2023$593,508 $(60,528)$— $49,108 $— $89,305 $671,393 
2022$553,272 $(27,613)$— $(1,764)$— $90,952 $614,848 
2021$721,135 $467,131 $— $(2,616)$— $97,968 $1,283,618 
c.The reported change in the actuarial present value of defined benefit pension benefits reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column in the Summary Compensation Table for the applicable year. Refer to the Summary Compensation Table.
d.The pension benefit adjustment is the value attributable to the applicable years’ service cost.
(5)    Total shareholder return ("TSR") is the value of $100 at the end of the measurement period assuming invested in Universal’s stock as of March 31, 2020 assuming reinvestment of dividends.
(6)    Peer group TSR, is the value of $100 at the end of the measurement period assuming invested in the peer group index as of March 31, 2020 assuming reinvestment of dividends. The peer group used for this purpose is the following published industry index: S&P Smallcap 600 Index (the "Peer Index").
(7)    The dollar amounts reported represent our net income, as reflected in the Company’s audited financial statements for the applicable year.
(8)    The dollar amounts reported represent our 1 Year Adjusted Diluted EPS, which we define and calculate as the fully diluted earnings per share of Common Stock as reflected in the Company’s audited financial statements for the applicable year, adjusted to excluded extraordinary gains and losses, restructuring and impairment, and annual cash incentive award accruals under the Annual Incentive Plan as set forth in the table in the section "Components of Executive Compensation – Annual Cash Incentive Awards" in this Proxy Statement and in the Proxy Statement for each applicable year. While the Company uses several financial performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that the 1 Year Adjusted Diluted EPS is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the NEOs, for the most recently completed fiscal year, to the Company’s performance.
   
Company Selected Measure Name 1 Year Adjusted Diluted EPS (8)    
PEO Total Compensation Amount $ 4,832,074 $ 3,735,584 $ 5,171,861
PEO Actually Paid Compensation Amount 5,325,169 4,363,778 6,885,379
Non-PEO NEO Average Total Compensation Amount 1,823,628 1,449,372 1,732,667
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,919,696 1,574,242 2,251,644
Tabular List [Table Text Block]
As described in more detail in the Compensation Discussion and Analysis section, our executive compensation program reflects a pay-for-performance philosophy and includes performance metrics that are intended to incentivize our NEOs and align our NEOs’ interests with those of our shareholders. With respect to the 2023 fiscal year, the most important financial performance measures used to link executive compensation actually paid to our performance overall are as follows:
Metrics Used in Determining NEO Pay
1 Year Adjusted Diluted EPS
3 Year Average Adjusted Diluted EPS
Adjusted Economic Profit
   
Total Shareholder Return Amount $ 143.55 148.67 142.74
Peer Group Total Shareholder Return Amount 180.30 197.73 195.33
Net Income (Loss) $ 124,052 $ 86,577 $ 87,410
Company Selected Measure Amount 5.10 3.88 4.24
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name 1 Year Adjusted Diluted EPS    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name 3 Year Average Adjusted Diluted EPS    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted Economic Profit    
George C Freeman, III [Member] | Reported Value Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (2,117,839) $ (1,809,558) $ (1,678,735)
George C Freeman, III [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,251,432 2,053,872 4,521,365
George C Freeman, III [Member] | Reported Change Actuarial PV of Pension Benefits [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 (1,501,209)
George C Freeman, III [Member] | Pension Benefit Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 359,502 383,880 372,097
George C Freeman, III [Member] | Year-End Fair Value of Equity Awards Granted in the Year that are Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,979,189 1,831,797 2,388,066
George C Freeman, III [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years that are Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (223,314) (99,650) 1,775,014
George C Freeman, III [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
George C Freeman, III [Member] | Year-over-Year Change in Fair Value of Equity Award Granted in Prior Years that Vested in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 193,290 (7,531) (11,228)
George C Freeman, III [Member] | Prior Year-End Fair Value of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
George C Freeman, III [Member] | Value of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 302,226 329,257 369,513
Non-PEO NEO [Member] | Reported Value Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (647,679) (546,555) (506,936)
Non-PEO NEO [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 671,393 614,848 1,283,618
Non-PEO NEO [Member] | Reported Change Actuarial PV of Pension Benefits [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (25,749) (52,414) (356,430)
Non-PEO NEO [Member] | Pension Benefit Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 98,104 108,993 98,726
Non-PEO NEO [Member] | Year-End Fair Value of Equity Awards Granted in the Year that are Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 593,508 553,272 721,135
Non-PEO NEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years that are Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (60,528) (27,613) 467,131
Non-PEO NEO [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Year-over-Year Change in Fair Value of Equity Award Granted in Prior Years that Vested in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 49,108 (1,764) (2,616)
Non-PEO NEO [Member] | Prior Year-End Fair Value of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Value of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 89,305 $ 90,952 $ 97,968