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Earnings Per Share | 9 Months Ended
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Dec. 31, 2023
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) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Basic Earnings Per Share |  |  |  |  |  |  |  |
Numerator for basic earnings per share |  |  |  |  |  |  |  |
Net income attributable to Universal Corporation |  | $ | 53,216 |  |  | $ | 41,660 |  |  | $ | 79,280 |  |  | $ | 70,345 |
Denominator for basic earnings per share |  |  |  |  |  |  |  |
Weighted average shares outstanding |  | 24,849,498 |  |  | 24,770,294 |  |  | 24,853,774 |  |  | 24,772,827 |
Basic earnings per share |  | $ | 2.14 |  |  | $ | 1.68 |  |  | $ | 3.19 |  |  | $ | 2.84 |
Diluted Earnings Per Share |  |  |  |  |  |  |  |
Numerator for diluted earnings per share |  |  |  |  |  |  |  |
Net income attributable to Universal Corporation |  | $ | 53,216 |  |  | $ | 41,660 |  |  | $ | 79,280 |  |  | $ | 70,345 |
Denominator for diluted earnings per share: |  |  |  |  |  |  |  |
Weighted average shares outstanding |  | 24,849,498 |  |  | 24,770,294 |  |  | 24,853,774 |  |  | 24,772,827 |
Effect of dilutive securities |  |  |  |  |  |  |  |
Employee and outside director share-based awards |  | 206,331 |  |  | 158,132 |  |  | 163,393 |  |  | 161,620 |
Denominator for diluted earnings per share |  | 25,055,829 |  |  | 24,928,426 |  |  | 25,017,167 |  |  | 24,934,447 |
Diluted earnings per share |  | $ | 2.12 |  |  | $ | 1.67 |  |  | $ | 3.17 |  |  | $ | 2.82 |

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