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Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Sales and other operating revenues $ 650,984 $ 453,955 $ 1,080,806 $ 803,984
Costs and expenses        
Cost of goods sold 540,725 361,272 890,829 648,828
Selling, general and administrative expenses 72,373 65,402 138,825 115,246
Other income [1] 0 (2,532) 0 (2,532)
Restructuring and impairment costs [2] 0 0 0 2,024
Operating income 37,886 29,813 51,152 40,418
Equity in pretax earnings (loss) of unconsolidated affiliates [3] 416 2,363 (137) 2,972
Other non-operating income (expense) (77) 54 (139) 102
Interest income 93 517 330 590
Interest expense 12,270 7,130 18,994 13,338
Income before income taxes and other items 26,048 25,617 32,212 30,744
Income taxes 6,642 3,862 10,005 5,077
Net income 19,406 21,755 22,207 25,667
Less: net loss (income) attributable to noncontrolling interests in subsidiaries 2,449 (2,245) 6,478 200
Net income attributable to Universal Corporation $ 21,855 $ 19,510 $ 28,685 $ 25,867
Earnings per share:        
Basic $ 0.88 $ 0.79 $ 1.16 $ 1.05
Diluted $ 0.88 $ 0.78 $ 1.15 $ 1.04
Weighted average common shares outstanding:        
Basic 24,779,237 24,776,930 24,774,126 24,745,827
Diluted 24,939,427 24,916,346 24,937,491 24,894,366
Total comprehensive income (loss)        
Total comprehensive income (loss), net of income taxes $ 17,578 $ 13,669 $ 16,295 $ 26,415
Less: comprehensive (income) loss attributable to noncontrolling interests 2,737 (2,060) 7,095 356
Comprehensive income (loss) attributable to Universal Corporation $ 20,315 $ 11,609 $ 23,390 $ 26,771
Dividends declared per common share $ 0.79 $ 0.78 $ 1.58 $ 1.56
[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.