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Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Sales and other operating revenues $ 636,107 $ 653,581 $ 1,555,430 $ 1,426,451
Costs and expenses        
Cost of goods sold 520,677 545,063 1,268,319 1,171,000
Selling, general and administrative expenses 58,302 49,017 167,244 144,768
Restructuring and impairment costs [1] 19,447 0 19,447 0
Operating income 37,681 59,501 100,420 110,683
Equity in pretax earnings of unconsolidated affiliates [2] 5,512 6,404 5,437 6,636
Other non-operating income (expense) 163 178 549 526
Interest income 233 166 1,044 1,362
Interest expense 4,732 4,020 13,274 11,916
Income before income taxes and other items 38,857 62,229 94,176 107,291
Income taxes 7,768 12,010 17,734 25,445
Net income 31,089 50,219 76,442 81,846
Less: net income attributable to noncontrolling interests in subsidiaries (2,954) (4,819) (3,682) (6,702)
Net income attributable to Universal Corporation $ 28,135 $ 45,400 $ 72,760 $ 75,144
Earnings per share:        
Basic $ 1.12 $ 1.80 $ 2.90 $ 2.97
Diluted $ 1.11 $ 1.78 $ 2.87 $ 2.94
Weighted average common shares outstanding:        
Basic 25,162,268 25,230,336 25,126,595 25,323,796
Diluted 25,365,766 25,460,409 25,329,473 25,546,070
Total comprehensive income (loss)        
Total comprehensive income, net of income taxes $ 23,363 $ 53,971 $ 55,468 $ 96,159
Less: comprehensive income attributable to noncontrolling interests, net of income taxes (3,221) (5,128) (3,685) (6,900)
Comprehensive income attributable to Universal Corporation, net of income taxes $ 20,142 $ 48,843 $ 51,783 $ 89,259
Dividends declared per common share $ 0.75 $ 0.55 $ 2.25 $ 1.63
[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