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Consolidated Statements Of Income And Retained Earnings (USD $)
In Thousands, except Per Share data
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Consolidated Statements Of Income And Retained Earnings    
Sales and other operating revenues $ 479,465 $ 538,916
Costs and expenses    
Cost of goods sold 385,107 436,679
Selling, general and administrative expenses 61,578 60,183
Other income (9,592)  
Restructuring costs 6,859 [1] 949 [1]
Operating income 35,513 41,105
Equity in pretax earnings (loss) of unconsolidated affiliates (3,489) [2] 378 [2]
Interest income 357 444
Interest expense 5,533 5,126
Income before income taxes and other items 26,848 36,801
Income taxes 9,526 12,383
Net income 17,322 24,418
Less: net (income) loss attributable to noncontrolling interests in subsidiaries (1,434) 902
Net income attributable to Universal Corporation 15,888 25,320
Series B 6.75% Convertible Perpetual Preferred Stock (3,712) (3,712)
Earnings available to Universal Corporation common shareholders 12,176 21,608
Earnings per share attributable to Universal Corporation common shareholders:    
Basic $ 0.52 $ 0.89
Diluted $ 0.52 $ 0.87
Retained earnings - beginning of year 825,751 767,213
Net income attributable to Universal Corporation 15,888 25,320
Cash dividends declared:    
Series B 6.75% Convertible Perpetual Preferred Stock (3,712) (3,712)
Common stock (2011 - $0.48 per share; 2010 - $0.47 per share) (11,189) (11,347)
Repurchase of common stock - cost in excess of stated capital amount (2,827) (8,605)
Dividend equivalents on restricted stock units (118) (97)
Retained earnings - end of period $ 823,793 $ 768,772
[1] Item is not included in segment operating income, but is included in consolidated operating income.
[2] Item is included in segment operating income, but not included in consolidated operating income.