Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries

3 Months Ended

Jun. 30, 2011

Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries

Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries

NOTE 13.  CHANGES IN SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS IN SUBSIDIARIES

A reconciliation of the changes in Universal Corporation shareholders' equity and noncontrolling interests in subsidiaries for the three months ended June 30, 2011 and 2010 is as follows:

	Three Months Ended  June 30, 2011									Three Months Ended  June 30, 2010
	Universal			Noncontrolling						Universal			Noncontrolling
(in thousands of dollars)	Corporation			Interests			Total			Corporation			Interests			Total
Balance at beginning of year	$	1,185,606		$	13,799		$	1,199,405		$	1,122,570		$	5,805		$	1,128,375
Changes in common stock
Issuance of common stock		124						124
Repurchase of common stock		(661	)					(661	)		(1,578	)					(1,578	)
Accrual of stock-based compensation		2,536						2,536			2,002						2,002
Withholding of shares for grantee
income taxes (SARs, RSUs, and PSAs)		(1,135	)					(1,135	)		(562	)					(562	)
Dividend equivalents on RSUs		118						118			97						97
Changes in retained earnings
Net income (loss)		15,888			1,434			17,322			25,320			(902	)		24,418
Cash dividends declared
Series B 6.75% convertible perpetual
preferred stock		(3,712	)					(3,712	)		(3,712	)					(3,712	)
Common stock		(11,189	)					(11,189	)		(11,347	)					(11,347	)
Repurchase of common stock		(2,827	)					(2,827	)		(8,605	)					(8,605	)
Dividend equivalents on RSUs		(118	)					(118	)		(97	)					(97	)
Other comprehensive income (loss)
Translation adjustments, net of
income taxes		2,568			(4	)		2,564			(11,377	)		(29	)		(11,406	)
Foreign currency hedge adjustment,
net of income taxes		2,298						2,298			(2,198	)					(2,198	)
Balance at end of period	$	1,189,496		$	15,229		$	1,204,725		$	1,110,513		$	4,874		$	1,115,387