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Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Sales and other operating revenues $ 584,592 $ 758,054 $ 1,316,393 $ 1,493,642
Costs and Expenses        
Cost of goods sold 464,686 610,482 1,050,004 1,205,459
Selling, general and administrative expenses 54,081 53,539 166,187 177,125
Other Income [1] 3,390 0 3,390 0
Restructuring and impairment costs [2] 0 1,143 2,389 4,493
Operating income 69,215 92,890 101,203 106,565
Equity in pretax earnings of unconsolidated affiliates [3] 2,326 (527) 2,556 3,391
Interest income 452 148 896 358
Interest expense 3,937 4,637 11,733 13,509
Income before income taxes 68,056 87,874 92,922 96,805
Income tax expense 21,441 29,797 27,368 22,719
Net income 46,615 58,077 65,554 74,086
Less: net income attributable to noncontrolling interests in subsidiaries (2,081) (5,038) (4,502) (5,305)
Net income attributable to Universal Corporation 44,534 53,039 61,052 68,781
Dividends on Universal Corporation convertible perpetual preferred stock (3,687) (3,712) (11,061) (11,137)
Cost in excess of carrying value on repurchase of convertible perpetual stock 0 (18) 0 (18)
Earnings available to Universal Corporation common shareholders $ 40,847 $ 49,309 $ 49,991 $ 57,626
Earnings per share attributable to Universal Corporation common shareholders:        
Basic $ 1.80 $ 2.13 $ 2.20 $ 2.49
Diluted $ 1.60 $ 1.87 $ 2.18 $ 2.43
Weighted average common shares outstanding:        
Basic 22,717,043 23,095,861 22,671,943 23,165,553
Diluted 27,854,908 28,291,017 22,957,050 28,339,431
Total comprehensive income:        
Total comprehensive income, net of income taxes $ 19,470 $ 4,954 $ 21,850 $ 6,303
Less: comprehensive loss attributable to noncontrolling interests, net of income taxes (2,259) (178) (1,995) (230)
Comprehensive income attributable to Universal Corporation, net of income taxes $ 17,211 $ 4,776 $ 19,855 $ 6,073
Dividends declared per common share $ 0.53 $ 0.52 $ 1.57 $ 1.54
[1] Other income represents a gain from remeasuring to fair value the Company's original 50% ownership interest 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. 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 and impairment 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.