Earnings Per Share

3 Months Ended

Jun. 30, 2023

EARNINGS PER SHARE

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


	Three Months Ended June 30,
(in thousands, except share and per share data)		2023		2022

Basic Earnings (Loss) Per Share
Numerator for basic earnings (loss) per share
Net income (loss) attributable to Universal Corporation		$	(2,064)	$	6,830




Denominator for basic earnings (loss) per share
Weighted average shares outstanding		24,842,171		24,769,015

Basic earnings (loss) per share		$	(0.08)	$	0.28

Diluted Earnings (Loss) Per Share
Numerator for diluted earnings (loss) per share



Net income (loss) attributable to Universal Corporation		$	(2,064)	$	6,830

Denominator for diluted earnings (loss) per share:
Weighted average shares outstanding		24,842,171		24,769,015
Effect of dilutive securities

Employee and outside director share-based awards		—		166,539
Denominator for diluted earnings per share		24,842,171		24,935,554

Diluted earnings (loss) per share		$	(0.08)	$	0.27