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Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Sales and other operating revenues $ 453,955 $ 377,025 $ 803,984 $ 692,836
Costs and expenses        
Cost of goods sold 361,272 308,267 648,828 570,313
Selling, general and administrative expenses 65,402 52,407 115,246 101,817
Other income [1] (2,532) 0 (2,532) (4,173)
Restructuring and impairment costs [2] 0 0 2,024 0
Operating income 29,813 16,351 40,418 24,879
Equity in pretax earnings (loss) of unconsolidated affiliates [3] 2,363 590 2,972 583
Other non-operating income (expense) 54 (20) 102 (38)
Interest income 517 101 590 260
Interest expense 7,130 5,595 13,338 12,405
Income before income taxes and other items 25,617 11,427 30,744 13,279
Income taxes 3,862 3,178 5,077 (1,870)
Net income 21,755 8,249 25,667 15,149
Less: net loss (income) attributable to noncontrolling interests in subsidiaries (2,245) (747) 200 (373)
Net income attributable to Universal Corporation $ 19,510 $ 7,502 $ 25,867 $ 14,776
Earnings per share:        
Basic $ 0.79 $ 0.30 $ 1.05 $ 0.60
Diluted $ 0.78 $ 0.30 $ 1.04 $ 0.60
Weighted average common shares outstanding:        
Basic 24,776,930 24,658,895 24,745,827 24,630,886
Diluted 24,916,346 24,770,421 24,894,366 24,737,134
Total comprehensive income (loss)        
Total comprehensive income, net of income taxes $ 13,669 $ 22,060 $ 26,415 $ 29,269
Less: comprehensive (income) loss attributable to noncontrolling interests (2,060) (982) 356 (452)
Comprehensive income (loss) attributable to Universal Corporation $ 11,609 $ 21,078 $ 26,771 $ 28,817
Dividends declared per common share $ 0.78 $ 0.77 $ 1.56 $ 1.54
[1] Other income represents the reversal of a portion of the contingent consideration liability associated with the acquisition of FruitSmart. See Note 12 for additional information.
[2] Restructuring and impairment costs are excluded from segment operating income, but are included in consolidated operating income in the consolidated statements of income and comprehensive income. See Note 4 for additional information.
[3] Equity in pretax earnings (loss) of unconsolidated affiliates is included in segment operating income (Tobacco Operations), but is reported below consolidated operating income and excluded from that total in the consolidated statements of income and comprehensive income.