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Earnings Per Share | 9 Months Ended
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Dec. 31, 2019
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share:
|  | Three Months Ended December 31, |  | Nine Months Ended December 31,
(in thousands, except share and per share data) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Basic Earnings Per Share |  |  |  |  |  |  |  |
Numerator for basic earnings per share |  |  |  |  |  |  |  |
Net income attributable to Universal Corporation |  | $ | 25,966 |  |  | $ | 28,135 |  |  | $ | 56,115 |  |  | $ | 72,760 |
Denominator for basic earnings per share |  |  |  |  |  |  |  |
Weighted average shares outstanding |  | 24,931,711 |  |  | 25,162,268 |  |  | 25,058,525 |  |  | 25,126,595 |
Basic earnings per share |  | $ | 1.04 |  |  | $ | 1.12 |  |  | $ | 2.24 |  |  | $ | 2.90 |
Diluted Earnings Per Share |  |  |  |  |  |  |  |
Numerator for diluted earnings per share |  |  |  |  |  |  |  |
Net income attributable to Universal Corporation |  | $ | 25,966 |  |  | $ | 28,135 |  |  | $ | 56,115 |  |  | $ | 72,760 |
Denominator for diluted earnings per share: |  |  |  |  |  |  |  |
Weighted average shares outstanding |  | 24,931,711 |  |  | 25,162,268 |  |  | 25,058,525 |  |  | 25,126,595 |
Effect of dilutive securities |  |  |  |  |  |  |  |
Employee share-based awards |  | 123,343 |  |  | 203,498 |  |  | 119,992 |  |  | 202,878 |
Denominator for diluted earnings per share |  | 25,055,054 |  |  | 25,365,766 |  |  | 25,178,517 |  |  | 25,329,473 |
Diluted earnings per share |  | $ | 1.04 |  |  | $ | 1.11 |  |  | $ | 2.23 |  |  | $ | 2.87 |

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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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