Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries

6 Months Ended

Sep. 30, 2011

Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries [Abstract]

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 six months ended September 30, 2011 and 2010 is as follows:

	Six Months Ended  September 30, 2011									Six Months Ended  September 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		140			—			140			—			—		—
Repurchase of common stock		(661	)		—			(661	)		(3,580	)		—		(3,580	)
Accrual of stock-based compensation		3,445			—			3,445			3,465			—		3,465
Withholding of shares for grantee
income taxes (SARs, RSUs, and PSAs)		(1,135	)		—			(1,135	)		(565	)		—		(565	)
Dividend equivalents on RSUs		247			—			247			202			—		202
Changes in retained earnings
Net income (loss)		7,849			1,476			9,325			77,151			1,050		78,201
Cash dividends declared
Series B 6.75% convertible perpetual preferred stock		(7,425	)		—			(7,425	)		(7,425	)		—		(7,425	)
Common stock		(22,338	)		—			(22,338	)		(22,583	)		—		(22,583	)
Repurchase of common stock.		(2,827	)		—			(2,827	)		(15,885	)		—		(15,885	)
Dividend equivalents on RSUs		(247	)		—			(247	)		(202	)		—		(202	)
Other comprehensive income (loss)
Translation adjustments, net of income taxes		(6,985	)		(46	)		(7,031	)		1,080			81		1,161
Foreign currency hedge adjustment, net of income taxes		(2,758	)		—			(2,758	)		465			—		465
Balance at end of period	$	1,152,911		$	15,229		$	1,168,140		$	1,154,693		$	6,936	$	1,161,629