XML 31 R20.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries
 9 Months Ended
Dec. 31, 2019
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]  
Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries CHANGES IN SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS IN SUBSIDIARIES

A reconciliation of the changes in Universal Corporation shareholders’ equity and noncontrolling interests in subsidiaries for the three and nine months ended December 31, 2019 and 2018 is as follows:

 
 
Three Months Ended December 31, 2019
 
Three Months Ended December 31, 2018
(in thousands of dollars)
 
Universal Corporation
 
Non-controlling Interests
 
Total
 
Universal Corporation
 
Non-controlling Interests
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of three-month period
 
$
1,298,659

 
$
39,924

 
$
1,338,583

 
$
1,336,341

 
$
42,077

 
$
1,378,418

 
 
 
 
 
 
 
 
 
 
 
 
 
Changes in common stock
 
 

 
 

 
 
 
 

 
 

 
 
Repurchase of common stock
 
(1,956
)
 
—

 
(1,956
)
 
—

 
—

 
—

Accrual of stock-based compensation
 
1,159

 
—

 
1,159

 
1,354

 
—

 
1,354

Dividend equivalents on RSUs
 
258

 
—

 
258

 
343

 
—

 
343

 
 
 
 
 
 
 
 
 
 
 
 
 
Changes in retained earnings
 
 

 
 

 
 
 
 

 
 

 
 
Net income
 
25,966

 
3,352

 
29,318

 
28,135

 
2,954

 
31,089

Cash dividends declared
 
 
 
 
 
 
 
 

 
 

 
 
Common stock
 
(18,768
)
 
—

 
(18,768
)
 
(18,726
)
 
—

 
(18,726
)
Repurchase of common stock
 
(5,830
)
 
—

 
(5,830
)
 
—

 
—

 
—

Dividend equivalents on RSUs
 
(258
)
 
—

 
(258
)
 
(343
)
 
—

 
(343
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
 
10,566

 
139

 
10,705

 
(2,619
)
 
267

 
(2,352
)
Balance at end of period
 
$
1,309,796

 
$
43,415

 
$
1,353,211

 
$
1,344,485

 
$
45,298

 
$
1,389,783


 
 
Nine Months Ended December 31, 2019
 
Nine Months Ended December 31, 2018
(in thousands of dollars)
 
Universal Corporation
 
Non-controlling Interests
 
Total
 
Universal Corporation
 
Non-controlling Interests
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
 
$
1,337,087

 
$
42,791

 
$
1,379,878

 
$
1,342,429

 
$
42,873

 
$
1,385,302

 
 
 
 
 
 
 
 
 
 
 
 
 
Changes in common stock
 
 

 
 

 
 
 
 

 
 

 
 
Repurchase of common stock
 
(4,930
)
 
—

 
(4,930
)
 
(397
)
 
—

 
(397
)
Accrual of stock-based compensation
 
4,846

 
—

 
4,846

 
7,104

 
—

 
7,104

Withholding of shares from stock-based compensation for grantee income taxes
 
(2,883
)
 
—

 
(2,883
)
 
(2,657
)
 
—

 
(2,657
)
Dividend equivalents on RSUs
 
755

 
—

 
755

 
714

 
—

 
714

 
 
 
 
 
 
 
 
 
 
 
 
 
Changes in retained earnings
 
 

 
 

 
 
 
 

 
 

 
 
Net income
 
56,115

 
3,845

 
59,960

 
72,760

 
3,682

 
76,442

Cash dividends declared
 
 
 
 
 
 
 
 

 
 

 
 
Common stock
 
(56,626
)
 
—

 
(56,626
)
 
(56,171
)
 
—

 
(56,171
)
Repurchase of common stock
 
(15,194
)
 
—

 
(15,194
)
 
(1,046
)
 
—

 
(1,046
)
Dividend equivalents on RSUs
 
(755
)
 
—

 
(755
)
 
(714
)
 
—

 
(714
)
Adoption of FASB Accounting Standards Update 2016-16 eliminating deferred income taxes on unrecognized gains on intra-entity transfers of assets other than inventory
 
—

 
—

 
—

 
(1,934
)
 
—

 
(1,934
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
 
(8,619
)
 
138

 
(8,481
)
 
(15,603
)
 
3

 
(15,600
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other changes in noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
Dividends paid to noncontrolling shareholders
 
—

 
(3,359
)
 
(3,359
)
 
—

 
(1,260
)
 
(1,260
)
Balance at end of period
 
$
1,309,796

 
$
43,415

 
$
1,353,211

 
$
1,344,485

 
$
45,298

 
$
1,389,783