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Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries | 6 Months Ended
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Sep. 30, 2022
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 six months ended September 30, 2022 and 2021 is as follows:
|  | Three Months Ended September 30, 2022 |  | Three Months Ended September 30, 2021
(in thousands of dollars) |  | Universal Corporation |  | Non-controlling Interests |  | Total |  | Universal Corporation |  | Non-controlling Interests |  | Total
Balance at beginning of three-month period |  | $ | 1,325,763 |  |  | $ | 34,296 |  |  | $ | 1,360,059 |  |  | $ | 1,303,825 |  |  | $ | 37,730 |  |  | $ | 1,341,555 |
Changes in common stock |  |  |  |  |  |  |  |  |  |  |  |
Repurchase of common stock |  | (893) |  |  | — |  |  | (893) |  |  | — |  |  | — |  |  | — |
Accrual of stock-based compensation |  | 1,622 |  |  | — |  |  | 1,622 |  |  | 1,119 |  |  | — |  |  | 1,119 |
Withholding of shares from stock-based compensation for grantee income taxes |  | — |  |  | — |  |  | — |  |  | (26) |  |  | — |  |  | (26) |
Dividend equivalents on RSUs |  | 291 |  |  | — |  |  | 291 |  |  | 272 |  |  | — |  |  | 272 |
Changes in retained earnings |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | 21,855 |  |  | (2,449) |  |  | 19,406 |  |  | 19,510 |  |  | 2,245 |  |  | 21,755 |
Cash dividends declared |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | (19,398) |  |  | — |  |  | (19,398) |  |  | (19,195) |  |  | — |  |  | (19,195) |
Repurchase of common stock |  | (2,555) |  |  | — |  |  | (2,555) |  |  | — |  |  | — |  |  | — |
Dividend equivalents on RSUs |  | (291) |  |  | — |  |  | (291) |  |  | (272) |  |  | — |  |  | (272) |
Other comprehensive income (loss) |  | (1,540) |  |  | (288) |  |  | (1,828) |  |  | (7,901) |  |  | (185) |  |  | (8,086) |
Other changes in noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid to noncontrolling shareholders |  | — |  |  | (1,680) |  |  | (1,680) |  |  | — |  |  | (3,696) |  |  | (3,696) |
Balance at end of period |  | $ | 1,324,854 |  |  | $ | 29,879 |  |  | $ | 1,354,733 |  |  | $ | 1,297,332 |  |  | $ | 36,094 |  |  | $ | 1,333,426 |
|  | Six Months Ended September 30, 2022 |  | Six Months Ended September 30, 2021
(in thousands of dollars) |  | Universal Corporation |  | Non-controlling Interests |  | Total |  | Universal Corporation |  | Non-controlling Interests |  | Total
Balance at beginning of year |  | $ | 1,340,543 |  |  | $ | 44,226 |  |  | $ | 1,384,769 |  |  | $ | 1,307,299 |  |  | $ | 41,126 |  |  | $ | 1,348,425 |
Changes in common stock |  |  |  |  |  |  |  |  |  |  |  |
Repurchase of common stock |  | (893) |  |  | — |  |  | (893) |  |  | — |  |  | — |  |  | — |
Accrual of stock-based compensation |  | 5,304 |  |  | — |  |  | 5,304 |  |  | 4,085 |  |  | — |  |  | 4,085 |
Withholding of shares from stock-based compensation for grantee income taxes |  | (2,090) |  |  | — |  |  | (2,090) |  |  | (2,458) |  |  | — |  |  | (2,458) |
Dividend equivalents on RSUs |  | 557 |  |  | — |  |  | 557 |  |  | 536 |  |  | — |  |  | 536 |
Changes in retained earnings |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | 28,685 |  |  | (6,478) |  |  | 22,207 |  |  | 25,867 |  |  | (200) |  |  | 25,667 |
Cash dividends declared |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | (38,845) |  |  | — |  |  | (38,845) |  |  | (38,365) |  |  | — |  |  | (38,365) |
Repurchase of common stock |  | (2,555) |  |  | — |  |  | (2,555) |  |  | — |  |  | — |  |  | — |
Dividend equivalents on RSUs |  | (557) |  |  | — |  |  | (557) |  |  | (536) |  |  | — |  |  | (536) |
Other comprehensive income (loss) |  | (5,295) |  |  | (617) |  |  | (5,912) |  |  | 904 |  |  | (156) |  |  | 748 |
Other changes in noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid to noncontrolling shareholders |  | — |  |  | (6,825) |  |  | (6,825) |  |  | — |  |  | (4,676) |  |  | (4,676) |
Other |  | — |  |  | (427) |  |  | (427) |  |  | — |  |  | — |  |  | — |
Balance at end of period |  | $ | 1,324,854 |  |  | $ | 29,879 |  |  | $ | 1,354,733 |  |  | $ | 1,297,332 |  |  | $ | 36,094 |  |  | $ | 1,333,426 |

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