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Earnings Per Share | 12 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS 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) | 2020 |  | 2019 |  | 2018
Basic Earnings Per Share |  |  |  |  |
Numerator for basic earnings per share |  |  |  |  |
Net income attributable to Universal Corporation | $ | 71,680 |  |  | $ | 104,121 |  |  | $ | 105,662 |
Denominator for basic earnings per share |  |  |  |  |
Weighted average shares outstanding | 24,982,259 |  |  | 25,129,192 |  |  | 25,274,975 |
Basic earnings per share | $ | 2.87 |  |  | $ | 4.14 |  |  | $ | 4.18 |
Diluted Earnings Per Share |  |  |  |  |
Numerator for diluted earnings per share |  |  |  |  |
Net income attributable to Universal Corporation | $ | 71,680 |  |  | $ | 104,121 |  |  | $ | 105,662 |
Denominator for diluted earnings per share: |  |  |  |  |
Weighted average shares outstanding | 24,982,259 |  |  | 25,129,192 |  |  | 25,274,975 |
Effect of dilutive securities |  |  |  |  |
Employee and outside director share-based awards | 124,092 |  |  | 201,245 |  |  | 233,169 |
Denominator for diluted earnings per share | 25,106,351 |  |  | 25,330,437 |  |  | 25,508,144 |
Diluted earnings per share | $ | 2.86 |  |  | $ | 4.11 |  |  | $ | 4.14 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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