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Consolidated Statements Of Income - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Income Statement [Abstract]      
Sales and other operating revenues $ 2,120,373 $ 2,271,801 $ 2,542,115
Costs and expenses      
Cost of goods sold 1,713,042 1,861,527 2,108,824
Selling, general and administrative expenses 226,685 250,186 262,013
Other income [1] (3,390) (12,676) (81,619)
Restructuring and impairment costs 2,389 4,890 6,746
Operating income 181,647 167,874 246,151
Equity in pretax earnings of unconsolidated affiliates [2] 5,422 7,137 3,897
Interest income 1,178 576 949
Interest expense 15,669 17,120 20,307
Income before income taxes 172,578 158,467 230,690
Income taxes 54,430 38,006 75,535
Net income 118,148 120,461 155,155
Less: net income attributable to noncontrolling interests in subsidiaries (9,132) (5,853) (6,146)
Net income attributable to Universal Corporation 109,016 114,608 149,009
Dividends on Universal Corporation convertible perpetual preferred stock (14,748) (14,824) (14,850)
Cost in excess of carrying value on repurchase of convertible perpetual preferred stock 0 (36) 0
Earnings available to Universal Corporation common shareholders $ 94,268 $ 99,748 $ 134,159
Earnings per share attributable to Universal Corporation common shareholders:      
Basic $ 4.16 $ 4.33 $ 5.77
Diluted $ 3.92 $ 4.06 $ 5.25
Weighted average common shares outstanding:      
Basic 22,683,290 23,035,920 23,238,978
Diluted 27,825,491 28,221,264 28,392,033
[1] Other income in fiscal year 2016 represents a gain from remeasuring to fair value the Company's original 50% ownership in Procesadora Unitab, S.A., a tobacco processing joint venture in Guatemala, upon acquiring the 50% interest held by the Company's joint venture partner (See Note 13). Other income represents the reversal of a valuation allowance on IPI excise tax credits in Brazil in fiscal year 2015 and the gain on the favorable outcome of the IPI tax credit case in fiscal year 2014 (see Note 13).
[2] Equity in pretax earnings 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.