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Earnings Per Share (Tables)
 12 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings (Loss) 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)
2017
 
2016
 
2015
Basic Earnings Per Share
 
 
 
 
 
Numerator for basic earnings per share
 
 
 
 
 
Net income attributable to Universal Corporation
$
106,304

 
$
109,016

 
$
114,608

Less: Dividends on convertible perpetual preferred stock
(11,061
)
 
(14,748
)
 
(14,824
)
Less: Cost in excess of carrying value on conversion or repurchase of convertible perpetual preferred stock
(74,353
)
 
—

 
(36
)
Earnings available to Universal Corporation common shareholders for
calculation of basic earnings per share
20,890

 
94,268

 
99,748

 
 
 
 
 
 
Denominator for basic earnings per share
 
 
 
 
 
Weighted average shares outstanding
23,433,860

 
22,683,290

 
23,035,920

 
 
 
 
 
 
Basic earnings per share
$
0.89

 
$
4.16

 
$
4.33

 
 
 
 
 
 
Diluted Earnings Per Share
 
 
 
 
 
Numerator for diluted earnings per share
 
 
 
 
 
Earnings available to Universal Corporation common shareholders
$
20,890

 
$
94,268

 
$
99,748

Add: Dividends on convertible perpetual preferred stock (if conversion assumed)
—

 
14,748

 
14,824

Add: Cost in excess of carrying value on conversion or repurchase of convertible perpetual preferred stock (if dilutive)
—

 
—

 
36

Earnings available to Universal Corporation common shareholders for
calculation of diluted earnings per share
20,890

 
109,016

 
114,608

 
 
 
 
 
 
Denominator for diluted earnings per share
 
 
 
 
 
Weighted average shares outstanding
23,433,860

 
22,683,290

 
23,035,920

Effect of dilutive securities (if conversion or exercise assumed)
 
 
 
 
 
Convertible perpetual preferred stock
—

 
4,853,268

 
4,843,309

Employee share-based awards
336,228

 
288,933

 
342,035

Denominator for diluted earnings per share
23,770,088

 
27,825,491

 
28,221,264

 
 
 
 
 
 
Diluted earnings per share
$
0.88

 
$
3.92

 
$
4.06
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
For the fiscal years ended March 31, 2017, 2016, and 2015, 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,
 
2017
 
2016
 
2015
Potentially dilutive securities
—

 
133,600

 
156,200

Weighted-average exercise price
$
—

 
$
62.66

 
$
61.83