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Consolidated Statements Of Income And Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]        
Sales and other operating revenues $ 767,802 $ 680,029 $ 1,852,199 $ 1,816,607
Costs and Expenses        
Cost of goods sold 628,495 554,588 1,522,112 1,461,087
Selling, general and administrative expenses 66,468 60,928 201,542 169,406
Other income 0 [1] 0 [1] (81,619) [1] 0 [1]
Restructuring costs 3,400 [2] 0 [2] 4,708 [2] 3,687 [2]
Operating income 69,439 64,513 205,456 182,427
Equity in pretax earnings (loss) of unconsolidated affiliates 1,789 [3] (1,241) [3] 1,755 [3] (192) [3]
Interest income 344 183 748 410
Interest expense 5,157 5,670 16,623 17,778
Income before income taxes 66,415 57,785 191,336 164,867
Income taxes 22,212 18,070 63,390 50,633
Net income 44,203 39,715 127,946 114,234
Less: net income attributable to noncontrolling interests in subsidiaries (5,618) (4,173) (5,608) (7,586)
Net income attributable to Universal Corporation 38,585 35,542 122,338 106,648
Dividends on Universal Corporation convertible perpetual preferred stock (3,712) (3,712) (11,137) (11,137)
Earnings available to Universal Corporation common shareholders 34,873 31,830 111,201 95,511
Earnings per share attributable to Universal Corporation common shareholders:        
Basic $ 1.50 $ 1.36 $ 4.78 $ 4.09
Diluted $ 1.36 $ 1.25 $ 4.31 $ 3.75
Weighted average common shares outstanding:        
Basic 23,216 23,406 23,246 23,361
Diluted 28,364 28,517 28,388 28,470
Total comprehensive income:        
Total comprehensive income, net of income taxes 46,387 48,424 162,828 121,582
Less: comprehensive income attributable to noncontrolling interests, net of income taxes (5,432) (4,274) (5,085) (7,878)
Comprehensive income attributable to Universal Corporation, net of income taxes $ 40,955 $ 44,150 $ 157,743 $ 113,704
Dividends declared per common share $ 0.51 $ 0.50 $ 1.51 $ 1.48
[1] Other income represents the gain on the favorable outcome of the IPI tax credit case in Brazil (see Note 3). This item is excluded from segment operating income, but is included in consolidated operating income in the consolidated statements of income and comprehensive income.
[2] Restructuring costs are excluded from segment operating income, but are included in consolidated operating income in the consolidated statements of income and comprehensive income.
[3] Equity in pretax (earnings) loss of unconsolidated affiliates is included in segment operating income (Other Tobacco Operations segment), but is reported below consolidated operating income and excluded from that total in the consolidated statements of income and comprehensive income.