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Consolidated Statements Of Income - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]      
Sales and other operating revenues $ 2,071,218 $ 2,120,373 $ 2,271,801
Costs and expenses      
Cost of goods sold 1,676,539 1,713,042 1,861,527
Selling, general and administrative expenses 211,969 226,685 250,186
Other income [1] 0 (3,390) (12,676)
Restructuring and impairment costs 4,359 2,389 4,890
Operating income 178,351 181,647 167,874
Equity in pretax earnings of unconsolidated affiliates [2] 5,774 5,422 7,137
Interest income 1,397 1,178 576
Interest expense 16,284 15,669 17,120
Income before income taxes 169,238 172,578 158,467
Income taxes 56,732 54,430 38,006
Net income 112,506 118,148 120,461
Less: net income attributable to noncontrolling interests in subsidiaries (6,202) (9,132) (5,853)
Net income attributable to Universal Corporation 106,304 109,016 114,608
Dividends on Universal Corporation convertible perpetual preferred stock (11,061) (14,748) (14,824)
Cost in excess of carrying value on repurchase or conversion of convertible perpetual preferred stock (74,353) 0 (36)
Earnings available to Universal Corporation common shareholders $ 20,890 $ 94,268 $ 99,748
Earnings per share attributable to Universal Corporation common shareholders:      
Basic $ 0.89 $ 4.16 $ 4.33
Diluted $ 0.88 $ 3.92 $ 4.06
Weighted average common shares outstanding:      
Basic 23,433,860 22,683,290 23,035,920
Diluted 23,770,088 27,825,491 28,221,264
[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 in fiscal year 2015 represents the reversal of a valuation allowance on IPI excise tax credits in Brazil (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.