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Earnings Per Share | 12 Months Ended
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Mar. 31, 2014
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share:
| Fiscal Year Ended March 31,
| 2014 |  | 2013 |  | 2012
Basic Earnings Per Share |  |  |  |  |
Numerator for basic earnings per share |  |  |  |  |
Net income attributable to Universal Corporation | $ | 149,009 |  |  | $ | 132,750 |  |  | $ | 92,057 |
Less: Dividends on convertible perpetual preferred stock | (14,850 | ) |  | (14,850 | ) |  | (14,850 | )
Earnings available to Universal Corporation common shareholders for calculation of basic earnings per share | 134,159 |  |  | 117,900 |  |  | 77,207 |
Denominator for basic earnings per share |  |  |  |  |
Weighted average shares outstanding | 23,239 |  |  | 23,355 |  |  | 23,228 |
Basic earnings per share | $ | 5.77 |  |  | $ | 5.05 |  |  | $ | 3.32 |
Diluted Earnings Per Share |  |  |  |  |
Numerator for diluted earnings per share |  |  |  |  |
Earnings available to Universal Corporation common shareholders | $ | 134,159 |  |  | $ | 117,900 |  |  | $ | 77,207 |
Add: Dividends on convertible perpetual preferred stock (if conversion assumed) | 14,850 |  |  | 14,850 |  |  | 14,850 |
Earnings available to Universal Corporation common shareholders for calculation of diluted earnings per share | 149,009 |  |  | 132,750 |  |  | 92,057 |
Denominator for diluted earnings per share |  |  |  |  |
Weighted average shares outstanding | 23,239 |  |  | 23,355 |  |  | 23,228 |
Effect of dilutive securities (if conversion or exercise assumed) |  |  |  |  |
Convertible perpetual preferred stock | 4,822 |  |  | 4,797 |  |  | 4,772 |
Employee share-based awards | 331 |  |  | 326 |  |  | 339 |
Denominator for diluted earnings per share | 28,392 |  |  | 28,478 |  |  | 28,339 |
Diluted earnings per share | $ | 5.25 |  |  | $ | 4.66 |  |  | $ | 3.25 |
For the fiscal years ended March 31, 2014, 2013 and 2012, the Company had the following potentially dilutive securities (stock appreciation rights and/or stock options) outstanding that were not included in the computation of diluted earnings per share because their effect would have been antidilutive:
| Fiscal Year Ended March 31,
| 2013 |  | 2012 |  | 2011
Potentially dilutive securities (shares in thousands) | 169 |  |  | 169 |  |  | 348 |
Weighted-average exercise price | $ | 62.66 |  |  | $ | 62.66 |  |  | $ | 56.75 |

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- 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 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: 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=7655603&loc=d3e1278-109256 Reference 3: 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=7655603&loc=d3e1252-109256 Reference 4: 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=32703322&loc=d3e4984-109258 Reference 5: 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=26872669&loc=d3e20235-122688 + Details
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