XML 58 R48.htm IDEA: XBRL DOCUMENT v3.23.2
Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Mar. 31, 2023
Other Comprehensive Income (Loss), Tax [Abstract]      
Accumulated other comprehensive loss $ (72,547) $ (88,066) $ (77,057)
Accumulated Translation Adjustment [Member]      
Foreign currency translation:      
Balance at beginning of year (44,233) (40,965)  
Net gain (loss) on foreign currency translation (568) (6,888)  
Less: Net (gain) loss on foreign currency translation attributable to noncontrolling interests 144 329  
Other comprehensive income (loss) attributable to Universal Corporation, net of income taxes (424) (6,559)  
Balance at end of period (44,657) (47,524)  
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | Forward Foreign Currency Exchange Contract [Member]      
Cash flow hedges: [Abstract]      
Balance at beginning of year 4,899 3,579  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax 91 (1,611)  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax [1] (627) (508)  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax (536) (2,119)  
Balance at the end of period 4,363 1,460  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax (15) 25  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax (188) (218)  
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | Interest Rate Swap [Member]      
Cash flow hedges: [Abstract]      
Balance at beginning of year 5,253 (860)  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax 7,431 3,082  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax [2] (2,045) 1,268  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 5,386 4,350  
Balance at the end of period 10,639 3,490  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax (2,666) (819)  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax (734) 337  
Accumulated Defined Benefit Plans Adjustment [Member]      
Pension and other postretirement benefit plans:      
Balance at beginning of year (42,976) (46,065)  
Amortization included in earnings (net of tax expense (benefit) of $(14) and $(144))(3) [3] 84 573  
Other comprehensive income (loss) attributable to Universal Corporation, net of income taxes 84 573  
Balance at end of period (42,892) (45,492)  
Taxes on amortization included in net income $ (14) $ (144)  
[1] Gain (loss) on foreign currency cash flow hedges related to forecast purchases of tobacco and crop input sales is reclassified from accumulated other comprehensive income (loss) to cost of goods sold when the tobacco is sold to customers. See Note 7 for additional information.
[2] Gain (loss) on interest rate cash flow hedges is reclassified from accumulated other comprehensive income (loss) to interest expense when the related interest payments are made on the underlying debt, or as amortized to interest expense over the period to original maturity for terminated swap agreements. See Note 7 for additional information.
[3] This accumulated other comprehensive income (loss) component is included in the computation of net periodic benefit cost. See Note 9 for additional information.