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Earnings Per Share (Tables) | 12 Months Ended
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Mar. 31, 2019
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) | 2019 |  | 2018 |  | 2017
Basic Earnings Per Share |  |  |  |  |
Numerator for basic earnings per share |  |  |  |  |
Net income attributable to Universal Corporation | $ | 104,121 |  |  | $ | 105,662 |  |  | $ | 106,304 |
Less: Dividends on convertible perpetual preferred stock | — |  |  | — |  |  | (11,061 | )
Less: Cost in excess of carrying value on conversion or repurchase of convertible perpetual preferred stock | — |  |  | — |  |  | (74,353 | )
Earnings available to Universal Corporation common shareholders for calculation of basic earnings per share | 104,121 |  |  | 105,662 |  |  | 20,890 |
Denominator for basic earnings per share |  |  |  |  |
Weighted average shares outstanding | 25,129,192 |  |  | 25,274,975 |  |  | 23,433,860 |
Basic earnings per share | $ | 4.14 |  |  | $ | 4.18 |  |  | $ | 0.89 |
Diluted Earnings Per Share |  |  |  |  |
Numerator for diluted earnings per share |  |  |  |  |
Earnings available to Universal Corporation common shareholders | $ | 104,121 |  |  | $ | 105,662 |  |  | $ | 20,890 |
Denominator for diluted earnings per share: |  |  |  |  |
Weighted average shares outstanding | 25,129,192 |  |  | 25,274,975 |  |  | 23,433,860 |
Effect of dilutive securities (if conversion or exercise assumed) |  |  |  |  |
Employee and outside director share-based awards | 201,245 |  |  | 233,169 |  |  | 336,228 |
Denominator for diluted earnings per share | 25,330,437 |  |  | 25,508,144 |  |  | 23,770,088 |
Diluted earnings per share | $ | 4.11 |  |  | $ | 4.14 |  |  | $ | 0.88 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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