XML 32 R22.htm IDEA: XBRL DOCUMENT v3.22.2.2
Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries
 6 Months Ended
Sep. 30, 2022
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 and six months ended September 30, 2022 and 2021 is as follows:
 Three Months Ended September 30, 2022Three Months Ended September 30, 2021
(in thousands of dollars)Universal CorporationNon-controlling InterestsTotalUniversal CorporationNon-controlling InterestsTotal
Balance at beginning of three-month period$1,325,763 $34,296 $1,360,059 $1,303,825 $37,730 $1,341,555 
Changes in common stock    
Repurchase of common stock(893)— (893)— — — 
Accrual of stock-based compensation1,622 — 1,622 1,119 — 1,119 
Withholding of shares from stock-based compensation for grantee income taxes
— — — (26)— (26)
Dividend equivalents on RSUs291 — 291 272 — 272 
Changes in retained earnings    
Net income 21,855 (2,449)19,406 19,510 2,245 21,755 
Cash dividends declared  
Common stock
(19,398)— (19,398)(19,195)— (19,195)
Repurchase of common stock(2,555)— (2,555)— — — 
Dividend equivalents on RSUs(291)— (291)(272)— (272)
Other comprehensive income (loss)(1,540)(288)(1,828)(7,901)(185)(8,086)
Other changes in noncontrolling interests
Dividends paid to noncontrolling shareholders
— (1,680)(1,680)— (3,696)(3,696)
Balance at end of period$1,324,854 $29,879 $1,354,733 $1,297,332 $36,094 $1,333,426 
 Six Months Ended September 30, 2022Six Months Ended September 30, 2021
(in thousands of dollars)Universal CorporationNon-controlling InterestsTotalUniversal CorporationNon-controlling InterestsTotal
Balance at beginning of year$1,340,543 $44,226 $1,384,769 $1,307,299 $41,126 $1,348,425 
Changes in common stock    
Repurchase of common stock(893)— (893)— — — 
Accrual of stock-based compensation5,304 — 5,304 4,085 — 4,085 
Withholding of shares from stock-based compensation for grantee income taxes
(2,090)— (2,090)(2,458)— (2,458)
Dividend equivalents on RSUs557 — 557 536 — 536 
Changes in retained earnings    
Net income 28,685 (6,478)22,207 25,867 (200)25,667 
Cash dividends declared  
Common stock
(38,845)— (38,845)(38,365)— (38,365)
Repurchase of common stock(2,555)— (2,555)— — — 
Dividend equivalents on RSUs(557)— (557)(536)— (536)
Other comprehensive income (loss)(5,295)(617)(5,912)904 (156)748 
Other changes in noncontrolling interests
Dividends paid to noncontrolling shareholders
— (6,825)(6,825)— (4,676)(4,676)
Other— (427)(427)— — — 
Balance at end of period$1,324,854 $29,879 $1,354,733 $1,297,332 $36,094 $1,333,426