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Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries | 9 Months Ended
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Dec. 31, 2024
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, 2024 and 2023 is as follows:
|  | Three Months Ended December 31, 2024 |  | Three Months Ended December 31, 2023
(in thousands of dollars) |  | Universal Corporation |  | Non-controlling Interests |  | Total |  | Universal Corporation |  | Non-controlling Interests |  | Total
Balance at beginning of three-month period |  | $ | 1,420,566 |  |  | $ | 37,438 |  |  | $ | 1,458,004 |  |  | $ | 1,384,189 |  |  | $ | 33,319 |  |  | $ | 1,417,508 |
Changes in common stock |  |  |  |  |  |  |  |  |  |  |  |
Accrual of stock-based compensation |  | 874 |  |  | — |  |  | 874 |  |  | 4,914 |  |  | — |  |  | 4,914 |
Withholding of shares from stock-based compensation for grantee income taxes |  | — |  |  | — |  |  | — |  |  | (9) |  |  | — |  |  | (9) |
Dividend equivalents on RSUs |  | 305 |  |  | — |  |  | 305 |  |  | 321 |  |  | — |  |  | 321 |
Changes in retained earnings |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | 59,639 |  |  | 8,157 |  |  | 67,796 |  |  | 53,216 |  |  | 8,071 |  |  | 61,287 |
Cash dividends declared |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | (20,020) |  |  | — |  |  | (20,020) |  |  | (19,647) |  |  | — |  |  | (19,647) |
Dividend equivalents on RSUs |  | (305) |  |  | — |  |  | (305) |  |  | (321) |  |  | — |  |  | (321) |
Other comprehensive income (loss) |  | (10,449) |  |  | (373) |  |  | (10,822) |  |  | (5,587) |  |  | 184 |  |  | (5,403) |
Other changes in noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid to noncontrolling shareholders |  | — |  |  | (3,920) |  |  | (3,920) |  |  | — |  |  | — |  |  | — |
Balance at end of period |  | $ | 1,450,610 |  |  | $ | 41,302 |  |  | $ | 1,491,912 |  |  | $ | 1,417,076 |  |  | $ | 41,574 |  |  | $ | 1,458,650 |
|  | Nine Months Ended December 31, 2024 |  | Nine Months Ended December 31, 2023
(in thousands of dollars) |  | Universal Corporation |  | Non-controlling Interests |  | Total |  | Universal Corporation |  | Non-controlling Interests |  | Total
Balance at beginning of year |  | $ | 1,437,207 |  |  | $ | 41,716 |  |  | $ | 1,478,923 |  |  | $ | 1,397,088 |  |  | $ | 39,864 |  |  | $ | 1,436,952 |
Changes in common stock |  |  |  |  |  |  |  |  |  |  |  |
Repurchase of common stock |  | — |  |  | — |  |  | — |  |  | (1,373) |  |  | — |  |  | (1,373) |
Accrual of stock-based compensation |  | 7,457 |  |  | — |  |  | 7,457 |  |  | 10,625 |  |  | — |  |  | 10,625 |
Withholding of shares from stock-based compensation for grantee income taxes |  | (3,715) |  |  | — |  |  | (3,715) |  |  | (2,972) |  |  | — |  |  | (2,972) |
Dividend equivalents on RSUs |  | 905 |  |  | — |  |  | 905 |  |  | 940 |  |  | — |  |  | 940 |
Changes in retained earnings |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | 85,709 |  |  | 13,232 |  |  | 98,941 |  |  | 79,280 |  |  | 7,634 |  |  | 86,914 |
Cash dividends declared |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | (60,028) |  |  | — |  |  | (60,028) |  |  | (59,004) |  |  | — |  |  | (59,004) |
Repurchase of common stock |  | — |  |  | — |  |  | — |  |  | (3,371) |  |  | — |  |  | (3,371) |
Dividend equivalents on RSUs |  | (905) |  |  | — |  |  | (905) |  |  | (940) |  |  | — |  |  | (940) |
Other comprehensive income (loss) |  | (16,020) |  |  | (766) |  |  | (16,786) |  |  | (3,197) |  |  | (79) |  |  | (3,276) |
Other changes in noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid to noncontrolling shareholders |  | — |  |  | (12,880) |  |  | (12,880) |  |  | — |  |  | (5,845) |  |  | (5,845) |
Balance at end of period |  | $ | 1,450,610 |  |  | $ | 41,302 |  |  | $ | 1,491,912 |  |  | $ | 1,417,076 |  |  | $ | 41,574 |  |  | $ | 1,458,650 |

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