Earnings Per Share

6 Months Ended

Sep. 30, 2023

EARNINGS PER SHARE

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


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

Basic Earnings Per Share
Numerator for basic earnings per share
Net income attributable to Universal Corporation	$	28,128	$	21,855	$	26,064	$	28,685




Denominator for basic earnings per share
Weighted average shares outstanding	24,869,697		24,779,237		24,855,974		24,774,126

Basic earnings per share	$	1.13	$	0.88	$	1.05	$	1.16

Diluted Earnings Per Share
Numerator for diluted earnings per share



Net income attributable to Universal Corporation	$	28,128	$	21,855	$	26,064	$	28,685

Denominator for diluted earnings per share:
Weighted average shares outstanding	24,869,697		24,779,237		24,855,974		24,774,126
Effect of dilutive securities

Employee and outside director share-based awards	145,672		160,190		141,925		163,365
Denominator for diluted earnings per share	25,015,369		24,939,427		24,997,899		24,937,491

Diluted earnings per share	$	1.12	$	0.88	$	1.04	$	1.15