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Earnings Per Share

9 Months Ended

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

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