XML 40 R3.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Mar. 31, 2015
Jun. 30, 2014
ASSETS      
Cash and cash equivalents $ 130,439 $ 248,783 $ 148,457
Accounts receivable, net 257,349 434,362 238,900
Advances to suppliers, net 58,041 114,883 77,273
Accounts receivable - unconsolidated affiliates 65,821 1,907 82,196
Inventories - at lower of cost or market:      
Tobacco 921,920 636,488 1,047,613
Other 69,851 62,195 83,484
Prepaid income taxes 28,828 17,811 30,688
Deferred income taxes 35,296 36,611 20,431
Other current assets 72,898 81,570 78,186
Total current assets 1,640,443 1,634,610 1,807,228
Property, plant and equipment      
Land 16,853 16,790 17,239
Buildings 239,218 238,372 241,909
Machinery and equipment 590,470 576,010 574,178
Total property, plant and equipment 846,541 831,172 833,326
Less: accumulated depreciation (534,461) (525,783) (528,596)
Property, plant and equipment, net 312,080 305,389 304,730
Other assets      
Goodwill and other intangibles 99,120 99,146 99,429
Investments in unconsolidated affiliates 78,450 76,512 94,802
Deferred income taxes 8,414 6,301 18,616
Other noncurrent assets 74,221 76,515 76,599
Total other assets 260,205 258,474 289,446
Total assets 2,212,728 2,198,473 2,401,404
LIABILITIES AND SHAREHOLDERS' EQUITY      
Notes payable and overdrafts 86,553 59,862 205,370
Accounts payable and accrued expenses 171,963 140,112 198,085
Accounts payable - unconsolidated affiliates 4,650 3,281 42
Customer advances and deposits 4,328 30,183 61,147
Accrued compensation 24,597 28,232 26,213
Income taxes payable 6,934 9,243 12,072
Current portion of long-term obligations 0 0 117,500
Total current liabilities 299,025 270,913 620,429
Long-term obligations 370,000 370,000 235,000
Pensions and other postretirement benefits 95,985 97,048 82,759
Other long-term liabilities 34,091 36,790 36,279
Deferred income taxes 29,785 26,628 36,346
Total liabilities 828,886 801,379 1,010,813
Shareholders' equity      
Common stock, no par value, 100,000,000 shares authorized, 22,668,025 shares issued and outstanding (23,169,976 at June 30, 2014 and 22,593,266 at March 31, 2015) 206,018 206,002 206,538
Retained earnings 998,560 1,020,155 972,068
Accumulated other comprehensive loss (66,403) (74,994) (33,752)
Total Universal Corporation shareholders' equity 1,349,737 1,362,725 1,357,877
Noncontrolling interests in subsidiaries 34,105 34,369 32,714
Total shareholders' equity 1,383,842 1,397,094 1,390,591
Total liabilities and shareholders' equity 2,212,728 2,198,473 2,401,404
Series A Junior Participating Preferred Stock [Member]      
Shareholders' equity      
Preferred Stock 0 0 0
Series B 6.75% Convertible Perpetual Preferred Stock [Member]      
Shareholders' equity      
Preferred Stock $ 211,562 $ 211,562 $ 213,023