Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 74,102	$ 64,690	$ 71,283
Accounts receivable, net	435,306	402,073	536,650
Advances to suppliers, net	159,481	170,801	163,237
Accounts receivable—unconsolidated affiliates	33,109	12,210	5,920
Inventories—at lower of cost or net realizable value:
Tobacco	1,009,030	833,876	866,380
Other	196,246	202,907	211,561
Prepaid income taxes	18,304	16,493	17,363
Other current assets	88,051	99,840	79,495
Total current assets	2,013,629	1,802,890	1,951,889
Property, plant and equipment
Land	26,516	24,926	24,142
Buildings	319,740	311,138	305,215
Machinery and equipment	720,816	689,220	679,970
Total property, plant and equipment	1,067,072	1,025,284	1,009,327
Less accumulated depreciation	(706,642)	(674,122)	(663,333)
Property, plant and equipment, net	360,430	351,162	345,994
Other assets
Operating lease right-of-use assets	34,913	40,505	42,337
Goodwill, net	213,891	213,922	213,881
Other intangibles, net	71,697	80,101	82,917
Investments in unconsolidated affiliates	75,335	76,184	72,565
Deferred income taxes	14,855	13,091	10,005
Pension asset	11,586	9,984	12,740
Other noncurrent assets	37,538	51,343	32,575
Total other assets	459,815	485,130	467,020
Total assets	2,833,874	2,639,182	2,764,903
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable and overdrafts	365,327	195,564	348,073
Accounts payable	89,301	83,213	92,305
Accounts payable—unconsolidated affiliates	122	5,830	57
Customer advances and deposits	19,620	3,061	5,365
Accrued compensation	27,967	33,108	21,670
Income taxes payable	5,499	3,274	3,715
Current portion of operating lease liabilities	10,403	11,404	11,160
Accrued expenses and other current liabilities	106,635	106,533	115,882
Current portion of long-term debt	0	0	0
Total current liabilities	624,874	441,987	598,227
Long-term debt	617,225	616,809	616,750
Pensions and other postretirement benefits	43,301	42,769	50,773
Long-term operating lease liabilities	22,050	25,540	27,030
Other long-term liabilities	26,609	32,512	22,797
Deferred income taxes	41,165	42,613	48,584
Total liabilities	1,375,224	1,202,230	1,364,161
Shareholders' equity
Series A Junior Participating Preferred Stock, no par value, 500,000 shares authorized, none issued or outstanding	0	0	0
Common stock, no par value, 100,000,000 shares authorized 24,559,181 shares issued and outstanding at December 31, 2023 (24,555,361 at December 31, 2022 and 24,555,361 at March 31, 2023)	344,467	337,247	335,160
Retained earnings	1,152,863	1,136,898	1,102,887
Accumulated other comprehensive loss	(80,254)	(77,057)	(77,255)
Total Universal Corporation shareholders' equity	1,417,076	1,397,088	1,360,792
Noncontrolling interests in subsidiaries	41,574	39,864	39,950
Total shareholders' equity	1,458,650	1,436,952	1,400,742
Total liabilities and shareholders' equity	$ 2,833,874	$ 2,639,182	$ 2,764,903