Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries

3 Months Ended

Jun. 30, 2020

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]

Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries

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, 2020 and 2019 is as follows:

	Three Months Ended June 30, 2020									Three Months Ended June 30, 2019
(in thousands of dollars)	Universal Corporation			Non-controlling Interests			Total			Universal Corporation			Non-controlling Interests			Total
Balance at beginning of three-month period	$	1,246,665		$	42,619		$	1,289,284		$	1,337,087		$	42,791		$	1,379,878
Changes in common stock
Repurchase of common stock	—			—			—			(1,174		)	—			(1,174		)
Accrual of stock-based compensation	2,633			—			2,633			2,728			—			2,728
Withholding of shares from stock-based compensation for grantee income taxes	(1,930		)	—			(1,930		)	(2,883		)	—			(2,883		)
Dividend equivalents on RSUs	244			—			244			244			—			244
Changes in retained earnings
Net income	7,274			(374		)	6,900			2,072			(1,177		)	895
Cash dividends declared
Common stock	(18,863		)	—			(18,863		)	(18,979		)	—			(18,979		)
Repurchase of common stock	—			—			—			(4,040		)	—			(4,040		)
Dividend equivalents on RSUs	(244		)	—			(244		)	(244		)	—			(244		)
Other comprehensive income (loss)	465			(156		)	309			(4,470		)	123			(4,347		)
Balance at end of period	$	1,236,244		$	42,089		$	1,278,333		$	1,310,341		$	41,737		$	1,352,078