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Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries | 9 Months Ended
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Dec. 31, 2023
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, 2023 and 2022 is as follows:
|  | Three Months Ended December 31, 2023 |  | Three Months Ended December 31, 2022
(in thousands of dollars) |  | Universal Corporation |  | Non-controlling Interests |  | Total |  | Universal Corporation |  | Non-controlling Interests |  | Total
Balance at beginning of three-month period |  | $ | 1,384,189 |  |  | $ | 33,319 |  |  | $ | 1,417,508 |  |  | $ | 1,324,854 |  |  | $ | 29,879 |  |  | $ | 1,354,733 |
Changes in common stock |  |  |  |  |  |  |  |  |  |  |  |
Accrual of stock-based compensation |  | 4,914 |  |  | — |  |  | 4,914 |  |  | 1,326 |  |  | — |  |  | 1,326 |
Withholding of shares from stock-based compensation for grantee income taxes |  | (9) |  |  | — |  |  | (9) |  |  | — |  |  | — |  |  | — |
Dividend equivalents on RSUs |  | 321 |  |  | — |  |  | 321 |  |  | 294 |  |  | — |  |  | 294 |
Changes in retained earnings |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | 53,216 |  |  | 8,071 |  |  | 61,287 |  |  | 41,660 |  |  | 9,701 |  |  | 51,361 |
Cash dividends declared |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | (19,647) |  |  | — |  |  | (19,647) |  |  | (19,399) |  |  | — |  |  | (19,399) |
Dividend equivalents on RSUs |  | (321) |  |  | — |  |  | (321) |  |  | (294) |  |  | — |  |  | (294) |
Other comprehensive income (loss) |  | (5,587) |  |  | 184 |  |  | (5,403) |  |  | 12,351 |  |  | 370 |  |  | 12,721 |
Balance at end of period |  | $ | 1,417,076 |  |  | $ | 41,574 |  |  | $ | 1,458,650 |  |  | $ | 1,360,792 |  |  | $ | 39,950 |  |  | $ | 1,400,742 |
|  | Nine Months Ended December 31, 2023 |  | Nine Months Ended December 31, 2022
(in thousands of dollars) |  | Universal Corporation |  | Non-controlling Interests |  | Total |  | Universal Corporation |  | Non-controlling Interests |  | Total
Balance at beginning of year |  | $ | 1,397,088 |  |  | $ | 39,864 |  |  | $ | 1,436,952 |  |  | $ | 1,340,543 |  |  | $ | 44,226 |  |  | $ | 1,384,769 |
Changes in common stock |  |  |  |  |  |  |  |  |  |  |  |
Repurchase of common stock |  | (1,373) |  |  | — |  |  | (1,373) |  |  | (893) |  |  | — |  |  | (893) |
Accrual of stock-based compensation |  | 10,625 |  |  | — |  |  | 10,625 |  |  | 6,630 |  |  | — |  |  | 6,630 |
Withholding of shares from stock-based compensation for grantee income taxes |  | (2,972) |  |  | — |  |  | (2,972) |  |  | (2,090) |  |  | — |  |  | (2,090) |
Dividend equivalents on RSUs |  | 940 |  |  | — |  |  | 940 |  |  | 851 |  |  | — |  |  | 851 |
Changes in retained earnings |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | 79,280 |  |  | 7,634 |  |  | 86,914 |  |  | 70,345 |  |  | 3,223 |  |  | 73,568 |
Cash dividends declared |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | (59,004) |  |  | — |  |  | (59,004) |  |  | (58,244) |  |  | — |  |  | (58,244) |
Repurchase of common stock |  | (3,371) |  |  | — |  |  | (3,371) |  |  | (2,555) |  |  | — |  |  | (2,555) |
Dividend equivalents on RSUs |  | (940) |  |  | — |  |  | (940) |  |  | (851) |  |  | — |  |  | (851) |
Other comprehensive income (loss) |  | (3,197) |  |  | (79) |  |  | (3,276) |  |  | 7,056 |  |  | (247) |  |  | 6,809 |
Other changes in noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid to noncontrolling shareholders |  | — |  |  | (5,845) |  |  | (5,845) |  |  | — |  |  | (6,825) |  |  | (6,825) |
Other |  | — |  |  | — |  |  | — |  |  | — |  |  | (427) |  |  | (427) |
Balance at end of period |  | $ | 1,417,076 |  |  | $ | 41,574 |  |  | $ | 1,458,650 |  |  | $ | 1,360,792 |  |  | $ | 39,950 |  |  | $ | 1,400,742 |

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