Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries

9 Months Ended

Dec. 31, 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 nine months ended December 31, 2011 and 2010 is as follows:

	Nine Months Ended									Nine Months Ended
	December 31, 2011									December 31, 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	)		(6,297	)		—			(6,297	)
Accrual of stock-based compensation		4,857			—			4,857			4,808			—			4,808
Withholding of shares for grantee income taxes (SARs, RSUs, and PSAs)		(1,522	)		—			(1,522	)		(565	)		—			(565	)
Dividend equivalents on RSUs		384			—			384			316			—			316
Changes in retained earnings
Net income		66,302			4,625			70,927			129,449			6,337			135,786
Cash dividends declared
Series B 6.75% convertible perpetual preferred stock		(11,137	)		—			(11,137	)		(11,137	)		—			(11,137	)
Common stock		(33,555	)		—			(33,555	)		(33,891	)		—			(33,891	)
Repurchase of common stock		(2,827	)		—			(2,827	)		(27,074	)		—			(27,074	)
Dividend equivalents on RSUs		(384	)		—			(384	)		(316	)		—			(316	)
Other comprehensive income (loss)
Foreign currency translation adjustments, net of income taxes		(11,880	)		(98	)		(11,978	)		(1,164	)		73			(1,091	)
Foreign currency hedge adjustment, net of income taxes		(4,963	)		—			(4,963	)		161			—			161
Interest rate hedge adjustment, net of income taxes		(533	)		—			(533	)		—			—			—
Other changes in noncontrolling interests
Dividends paid to noncontrolling shareholders		—			(94	)		(94	)		—			(100	)		(100	)
Balance at end of period	$	1,189,827		$	18,232		$	1,208,059		$	1,176,860		$	12,115		$	1,188,975