XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income And Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Income Statement [Abstract]    
Sales and other operating revenues $ 461,391 $ 479,465
Costs and expenses    
Cost of goods sold 369,361 385,107
Selling, general and administrative expenses 49,203 61,578
Other income 0 (9,592)
Restructuring costs 0 [1] 6,859 [1]
Operating income 42,827 35,513
Equity in pretax earnings (loss) of unconsolidated affiliates 1,369 [2] (3,489) [2]
Interest income 157 357
Interest expense 6,170 5,533
Income before income taxes and other items 38,183 26,848
Income taxes 12,950 9,526
Net income 25,233 17,322
Less: net income attributable to noncontrolling interests in subsidiaries (2,108) (1,434)
Net income attributable to Universal Corporation 23,125 15,888
Dividends on Universal Corporation convertible perpetual preferred stock (3,712) (3,712)
Earnings available to Universal Corporation common shareholders 19,413 12,176
Earnings per share attributable to Universal Corporation common shareholders:    
Basic $ 0.83 $ 0.52
Diluted $ 0.81 $ 0.52
Weighted average common shares outstanding:    
Basic 23,297 23,194
Diluted 28,391 23,513
Total comprehensive income:    
Total comprehensive income, net of income taxes 15,454 22,987
Comprehensive income attributable to noncontrolling interests, net of income taxes (2,197) (1,430)
Comprehensive income attributable to Universal Corporation, net of income taxes $ 13,257 $ 21,557
Dividends declared per common share $ 0.49 $ 0.48
[1] Item is not included in segment operating income, but is included in consolidated operating income.
[2] Item is included in segment operating income, but is not included in consolidated operating income.