XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Sales and other operating revenues $ 488,248 $ 456,942 $ 772,870 $ 752,417
Costs and expenses        
Cost of goods sold 395,172 369,098 625,937 612,376
Selling, general and administrative expenses 48,101 40,834 95,403 101,033
Restructuring and impairment costs [1] 0 3,682 0 3,682
Operating income 44,975 43,328 51,530 35,326
Equity in pretax earnings of unconsolidated affiliates [2] 667 1,260 232 1,130
Interest income 526 271 1,196 634
Interest expense 3,964 4,335 7,896 8,389
Income before income taxes and other items 42,204 40,524 45,062 28,701
Income taxes 13,898 14,026 13,435 9,707
Net income 28,306 26,498 31,627 18,994
Less: net (income) loss attributable to noncontrolling interests in subsidiaries (2,139) (1,234) (1,883) 794
Net income attributable to Universal Corporation 26,167 25,264 29,744 19,788
Dividends on Universal Corporation convertible perpetual preferred stock 0 (3,687) 0 (7,374)
Earnings available to Universal Corporation common shareholders $ 26,167 $ 21,577 $ 29,744 $ 12,414
Earnings per share attributable to Universal Corporation common shareholders:        
Basic $ 1.03 $ 0.95 $ 1.17 $ 0.55
Diluted $ 1.02 $ 0.90 $ 1.16 $ 0.54
Weighted average common shares outstanding:        
Basic 25,334,661 22,777,394 25,370,783 22,755,927
Diluted 25,546,546 27,968,156 25,589,158 23,073,341
Total comprehensive income (loss)        
Total comprehensive income, net of income taxes $ 33,079 $ 29,651 $ 42,188 $ 17,321
Less: comprehensive income attributable to noncontrolling interests, net of income taxes (2,076) (1,007) (1,772) 1,238
Comprehensive income attributable to Universal Corporation, net of income taxes $ 31,003 $ 28,644 $ 40,416 $ 18,559
Dividends declared per common share $ 0.54 $ 0.53 $ 1.08 $ 1.06
[1] 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.
[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 and comprehensive income