XML 57 R10.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Earnings Per Share | 3 Months Ended
--- | ---
Jun. 30, 2012
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share:
|  | Three Months Ended June 30,
(in thousands, except per share data) |  | 2012 |  | 2011
Basic Earnings Per Share |  |  |  |
Numerator for basic earnings per share |  |  |  |
Net income attributable to Universal Corporation |  | $ | 23,125 |  |  | $ | 15,888 |
Less: Dividends on convertible perpetual preferred stock |  | (3,712 | ) |  | (3,712 | )
Earnings available to Universal Corporation common shareholders for calculation of basic earnings per share |  | 19,413 |  |  | 12,176 |
Denominator for basic earnings per share |  |  |  |
Weighted average shares outstanding |  | 23,297 |  |  | 23,194 |
Basic earnings per share |  | $ | 0.83 |  |  | $ | 0.52 |
Diluted Earnings Per Share |  |  |  |
Numerator for diluted earnings per share |  |  |  |
Earnings available to Universal Corporation common shareholders |  | $ | 19,413 |  |  | $ | 12,176 |
Add: Dividends on convertible perpetual preferred stock (if conversion assumed) |  | 3,712 |  |  | — |
Earnings available to Universal Corporation common shareholders for calculation of diluted earnings per share |  | 23,125 |  |  | 12,176 |
Denominator for diluted earnings per share |  |  |  |
Weighted average shares outstanding |  | 23,297 |  |  | 23,194 |
Effect of dilutive securities (if conversion or exercise assumed) |  |  |  |
Convertible perpetual preferred stock |  | 4,788 |  |  | — |
Employee share-based awards |  | 306 |  |  | 319 |
Denominator for diluted earnings per share |  | 28,391 |  |  | 23,513 |
Diluted earnings per share |  | $ | 0.81 |  |  | $ | 0.52 |
For the three months ended June 30, 2012 and 2011, certain stock appreciation rights and certain stock options outstanding were not included in the computation of diluted earnings per share because their effect would have been antidilutive. These shares totaled 399,801 at a weighted-average exercise price of $55.37 for the quarter ended June 30, 2012, and 585,601 at a weighted-average exercise price of $51.43 for the quarter ended June 30, 2011. In addition, for the three months ended June 30, 2011, conversion of the Company’s outstanding Series B 6.75% Convertible Perpetual Preferred Stock was not assumed since the effect would have been antidilutive.

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration