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Earnings Per Share
 3 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended June 30,
(in thousands, except share and per share data)
 
2020
 
2019
 
 
 
 
 
Basic Earnings Per Share
 
 
 
 
Numerator for basic earnings per share
 
 
 
 
Net income attributable to Universal Corporation
 
$
7,274

 
$
2,072

 
 
 
 
 
Denominator for basic earnings per share
 
 
 
 
Weighted average shares outstanding
 
24,602,610

 
25,158,369

 
 
 
 
 
Basic earnings per share
 
$
0.30

 
$
0.08

 
 
 
 
 
Diluted Earnings Per Share
 
 
 
 
Numerator for diluted earnings per share
 
 
 
 
Net income attributable to Universal Corporation
 
$
7,274

 
$
2,072

 
 
 
 
 
Denominator for diluted earnings per share:
 
 
 
 
Weighted average shares outstanding
 
24,602,610

 
25,158,369

Effect of dilutive securities
 
 
 
 
Employee and outside director share-based awards
 
100,969

 
125,889

Denominator for diluted earnings per share
 
24,703,579

 
25,284,258

 
 
 
 
 
Diluted earnings per share
 
$
0.29

 
$
0.08