XML 31 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 6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Income Statement [Abstract]        
Sales and other operating revenues $ 675,187 $ 641,026 $ 1,136,578 $ 1,120,491
Costs and expenses        
Cost of goods sold 537,138 521,600 906,499 906,707
Selling, general and administrative expenses 59,275 57,660 108,478 119,238
Other income 0 0 0 (9,592)
Restructuring costs 3,687 [1] 2,962 [1] 3,687 [1] 9,821 [1]
Charge for European Commission fine in Italy 0 [1] 49,091 [1] 0 [1] 49,091 [1]
Operating income 75,087 9,713 117,914 45,226
Equity in pretax earnings (loss) of unconsolidated affiliates (320) [2] 153 [2] 1,049 [2] (3,336) [2]
Interest income 70 364 227 721
Interest expense 5,938 5,665 12,108 11,198
Income before income taxes and other items 68,899 4,565 107,082 31,413
Income taxes 19,613 12,562 32,563 22,088
Net income (loss) 49,286 (7,997) 74,519 9,325
Less: net income attributable to noncontrolling interests in subsidiaries (1,305) (42) (3,413) (1,476)
Net income (loss) attributable to Universal Corporation 47,981 (8,039) 71,106 7,849
Dividends on Universal Corporation convertible perpetual preferred stock (3,713) (3,713) (7,425) (7,425)
Earnings (loss) available to Universal Corporation common shareholders 44,268 (11,752) 63,681 424
Earnings (loss) per share attributable to Universal Corporation common shareholders:        
Basic $ 1.89 $ (0.51) $ 2.73 $ 0.02
Diluted $ 1.68 $ (0.51) $ 2.50 $ 0.02
Weighted average common shares outstanding:        
Basic 23,379 23,229 23,338 23,211
Diluted 28,501 23,229 28,446 23,507
Total comprehensive income:        
Total comprehensive income (loss), net of income taxes 57,704 (21,739) 73,158 1,248
Less: comprehensive income attributable to noncontrolling interests, net of income taxes (1,407) 0 (3,604) (1,430)
Comprehensive income (loss) attributable to Universal Corporation, net of income taxes $ 56,297 $ (21,739) $ 69,554 $ (182)
Dividends declared per common share $ 0.49 $ 0.48 $ 0.98 $ 0.96
[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.