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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]      
Sales and other operating revenues $ 2,748,573 $ 2,569,824 $ 2,103,601
Costs and expenses      
Cost of goods sold 2,212,475 2,111,539 1,694,675
Selling, general and administrative expenses 310,566 277,213 240,686
Other income [1] 0 0 (2,532)
Restructuring and impairment costs 3,523 0 10,457
Operating income 222,009 181,072 160,315
Equity in pretax earnings of unconsolidated affiliates [2] 756 2,383 6,095
Other non-operating income 3,084 1,791 2,687
Interest income 4,504 6,023 917
Interest expense 66,273 49,300 27,747
Income before income taxes 164,080 141,969 142,267
Income taxes 31,109 11,733 38,663
Net income 132,971 130,236 103,604
Less: net income attributable to noncontrolling interests in subsidiaries (13,373) (6,184) (17,027)
Net income attributable to Universal Corporation $ 119,598 $ 124,052 $ 86,577
Earnings per share:      
Basic $ 4.81 $ 5.01 $ 3.50
Diluted $ 4.78 $ 4.97 $ 3.47
Weighted average common shares outstanding:      
Basic 24,851,858 24,773,710 24,764,177
Diluted 25,040,914 24,943,841 24,922,896
[1] Other income represents the reversal of the contingent consideration liability associated with the acquisition of FruitSmart.
[2] Equity in pretax earnings of unconsolidated affiliates is included in reportable segment operating income, but is reported below consolidated operating income and excluded from that total in the consolidated statements of income.