XML 82 R12.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Earnings Per Share | 12 Months Ended
--- | ---
Mar. 31, 2015
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,
(in thousands, except share and per share data) | 2015 |  | 2014 |  | 2013
Basic Earnings Per Share |  |  |  |  |
Numerator for basic earnings per share |  |  |  |  |
Net income attributable to Universal Corporation | $ | 114,608 |  |  | $ | 149,009 |  |  | $ | 132,750 |
Less: Dividends on convertible perpetual preferred stock | (14,824 | ) |  | (14,850 | ) |  | (14,850 | )
Less: Cost in excess of carrying value on repurchases of convertible perpetual preferred stock | (36 | ) |  | — |  |  | — |
Earnings available to Universal Corporation common shareholders for calculation of basic earnings per share | 99,748 |  |  | 134,159 |  |  | 117,900 |
Denominator for basic earnings per share |  |  |  |  |
Weighted average shares outstanding | 23,035,920 |  |  | 23,238,978 |  |  | 23,354,793 |
Basic earnings per share | $ | 4.33 |  |  | $ | 5.77 |  |  | $ | 5.05 |
Diluted Earnings Per Share |  |  |  |  |
Numerator for diluted earnings per share |  |  |  |  |
Earnings available to Universal Corporation common shareholders | $ | 99,748 |  |  | $ | 134,159 |  |  | $ | 117,900 |
Add: Dividends on convertible perpetual preferred stock (if conversion assumed) | 14,824 |  |  | 14,850 |  |  | 14,850 |
Add: Cost in excess of carrying value on repurchases of convertible perpetual preferred stock | 36 |  |  | — |  |  | — |
Earnings available to Universal Corporation common shareholders for calculation of diluted earnings per share | 114,608 |  |  | 149,009 |  |  | 132,750 |
Denominator for diluted earnings per share |  |  |  |  |
Weighted average shares outstanding | 23,035,920 |  |  | 23,238,978 |  |  | 23,354,793 |
Effect of dilutive securities (if conversion or exercise assumed) |  |  |  |  |
Convertible perpetual preferred stock | 4,843,309 |  |  | 4,821,557 |  |  | 4,796,813 |
Employee share-based awards | 342,035 |  |  | 331,498 |  |  | 326,452 |
Denominator for diluted earnings per share | 28,221,264 |  |  | 28,392,033 |  |  | 28,478,058 |
Diluted earnings per share | $ | 4.06 |  |  | $ | 5.25 |  |  | $ | 4.66 |
For the fiscal years ended March 31, 2015, 2014, and 2013, the Company had the following potentially dilutive securities (stock appreciation rights) 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,
| 2015 |  | 2014 |  | 2013
Potentially dilutive securities | 156,200 |  |  | 169,000 |  |  | 169,000 |
Weighted-average exercise price | $ | 61.83 |  |  | $ | 62.66 |  |  | $ | 62.66 |

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 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
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration