Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019
ASSETS
Cash and cash equivalents	$ 100,015	$ 107,430	$ 167,996
Accounts receivable, net	222,162	340,711	217,905
Advances to suppliers, net	65,221	133,778	80,032
Accounts receivable—unconsolidated affiliates	32,827	11,483	63,388
Inventories—at lower of cost or net realizable value:
Tobacco	858,940	707,298	898,409
Other	104,399	99,275	77,654
Prepaid income taxes	13,426	12,144	20,985
Other current assets	65,675	67,498	75,689
Total current assets	1,462,665	1,479,617	1,602,058
Property, plant and equipment
Land	21,454	21,376	22,785
Buildings	258,306	256,488	262,688
Machinery and equipment	644,092	634,395	611,209
Total property, plant and equipment	923,852	912,259	896,682
Less accumulated depreciation	(608,173)	(597,106)	(597,257)
Property, plant and equipment, net	315,679	315,153	299,425
Other assets
Operating lease right-of-use assets	37,576	39,256	34,472
Goodwill and other intangibles, net	143,976	144,687	98,029
Investments in unconsolidated affiliates	79,198	77,543	80,985
Deferred income taxes	23,085	20,954	15,582
Other noncurrent assets	44,661	43,711	47,333
Total other assets	328,496	326,151	276,401
Total assets	2,106,840	2,120,921	2,177,884
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable and overdrafts	92,758	78,033	73,640
Accounts payable and accrued expenses	133,621	140,202	179,297
Accounts payable—unconsolidated affiliates	0	55	10
Customer advances and deposits	10,575	10,242	4,397
Accrued compensation	16,373	23,710	23,084
Income taxes payable	2,359	5,334	1,576
Current portion of operating lease liabilities	9,914	9,823	8,938
Current portion of long-term debt	0	0	0
Total current liabilities	265,600	267,399	290,942
Long-term debt	368,829	368,764	368,568
Pensions and other postretirement benefits	70,473	70,680	59,364
Long-term operating lease liabilities	24,040	25,893	23,098
Other long-term liabilities	75,130	69,427	52,387
Deferred income taxes	24,435	29,474	31,447
Total liabilities	828,507	831,637	825,806
Shareholders' equity
Series A Junior Participating Preferred Stock, no par value, 500,000 shares authorized, none issued or outstanding	0	0	0
Common stock, no par value, 100,000,000 shares authorized 24,488,964 shares issued and outstanding at June 30, 2020 (24,971,489 at June 30, 2019 and 24,421,835 at March 31, 2020)	322,449	321,502	325,515
Retained earnings	1,064,927	1,076,760	1,084,987
Accumulated other comprehensive loss	(151,132)	(151,597)	(100,161)
Total Universal Corporation shareholders' equity	1,236,244	1,246,665	1,310,341
Noncontrolling interests in subsidiaries	42,089	42,619	41,737
Total shareholders' equity	1,278,333	1,289,284	1,352,078
Total liabilities and shareholders' equity	$ 2,106,840	$ 2,120,921	$ 2,177,884