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Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Sales and other operating revenues $ 377,025 $ 475,921 $ 692,836 $ 772,836
Costs and expenses        
Cost of goods sold 308,267 379,892 570,313 618,157
Selling, general and administrative expenses 52,407 52,830 101,817 103,966
Other income [1] 0 0 4,173 0
Operating income 16,351 43,199 24,879 50,713
Equity in pretax earnings (loss) of unconsolidated affiliates [2] 590 2,310 583 2,350
Other non-operating income (expense) (20) 633 (38) 1,260
Interest income 101 240 260 1,248
Interest expense 5,595 5,136 12,405 9,164
Income before income taxes and other items 11,427 41,246 13,279 46,407
Income taxes 3,178 11,499 (1,870) 15,765
Net income 8,249 29,747 15,149 30,642
Less: net loss (income) attributable to noncontrolling interests in subsidiaries (747) (1,670) (373) (493)
Net income attributable to Universal Corporation $ 7,502 $ 28,077 $ 14,776 $ 30,149
Earnings per share:        
Basic $ 0.30 $ 1.12 $ 0.60 $ 1.20
Diluted $ 0.30 $ 1.11 $ 0.60 $ 1.19
Weighted average common shares outstanding:        
Basic 24,658,895 25,086,580 24,630,886 25,122,283
Diluted 24,770,421 25,197,325 24,737,134 25,240,600
Total comprehensive income (loss)        
Total comprehensive income, net of income taxes $ 22,060 $ 14,908 $ 29,269 $ 11,456
Less: comprehensive income attributable to noncontrolling interests (982) (1,546) (452) (492)
Comprehensive income (loss) attributable to Universal Corporation $ 21,078 $ 13,362 $ 28,817 $ 10,964
Dividends declared per common share $ 0.77 $ 0.76 $ 1.54 $ 1.52
[1] Other income represents the reversal of a portion of the contingent consideration liability associated with the acquisition of FruitSmart, Inc.
[2] Equity in pretax earnings (loss) of unconsolidated affiliates is included in segment operating income (Other Tobacco Operations segment), but is reported below consolidated operating income and excluded from that total in the consolidated statements of income and comprehensive income