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Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries | 6 Months Ended
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Sep. 30, 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 six months ended September 30, 2024 and 2023 is as follows:
|  | Three Months Ended September 30, 2024 |  | Three Months Ended September 30, 2023
(in thousands of dollars) |  | Universal Corporation |  | Non-controlling Interests |  | Total |  | Universal Corporation |  | Non-controlling Interests |  | Total
Balance at beginning of three-month period |  | $ | 1,413,457 |  |  | $ | 30,042 |  |  | $ | 1,443,499 |  |  | $ | 1,380,720 |  |  | $ | 32,459 |  |  | $ | 1,413,179 |
Changes in common stock |  |  |  |  |  |  |  |  |  |  |  |
Repurchase of common stock |  | — |  |  | — |  |  | — |  |  | (1,373) |  |  | — |  |  | (1,373) |
Accrual of stock-based compensation |  | 1,942 |  |  | — |  |  | 1,942 |  |  | 1,852 |  |  | — |  |  | 1,852 |
Withholding of shares from stock-based compensation for grantee income taxes |  | (318) |  |  | — |  |  | (318) |  |  | — |  |  | — |  |  | — |
Dividend equivalents on RSUs |  | 288 |  |  | — |  |  | 288 |  |  | 317 |  |  | — |  |  | 317 |
Changes in retained earnings |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | 25,940 |  |  | 8,029 |  |  | 33,969 |  |  | 28,128 |  |  | 2,660 |  |  | 30,788 |
Cash dividends declared |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | (20,020) |  |  | — |  |  | (20,020) |  |  | (19,647) |  |  | — |  |  | (19,647) |
Repurchase of common stock |  | — |  |  | — |  |  | — |  |  | (3,371) |  |  | — |  |  | (3,371) |
Dividend equivalents on RSUs |  | (288) |  |  | — |  |  | (288) |  |  | (317) |  |  | — |  |  | (317) |
Other comprehensive income (loss) |  | (435) |  |  | (3) |  |  | (438) |  |  | (2,120) |  |  | (119) |  |  | (2,239) |
Other changes in noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid to noncontrolling shareholders |  | — |  |  | (630) |  |  | (630) |  |  | — |  |  | (1,681) |  |  | (1,681) |
Balance at end of period |  | $ | 1,420,566 |  |  | $ | 37,438 |  |  | $ | 1,458,004 |  |  | $ | 1,384,189 |  |  | $ | 33,319 |  |  | $ | 1,417,508 |
|  | Six Months Ended September 30, 2024 |  | Six Months Ended September 30, 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 |  | 6,583 |  |  | — |  |  | 6,583 |  |  | 5,711 |  |  | — |  |  | 5,711 |
Withholding of shares from stock-based compensation for grantee income taxes |  | (3,715) |  |  | — |  |  | (3,715) |  |  | (2,963) |  |  | — |  |  | (2,963) |
Dividend equivalents on RSUs |  | 600 |  |  | — |  |  | 600 |  |  | 619 |  |  | — |  |  | 619 |
Changes in retained earnings |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | 26,070 |  |  | 5,075 |  |  | 31,145 |  |  | 26,064 |  |  | (437) |  |  | 25,627 |
Cash dividends declared |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | (40,008) |  |  | — |  |  | (40,008) |  |  | (39,357) |  |  | — |  |  | (39,357) |
Repurchase of common stock |  | — |  |  | — |  |  | — |  |  | (3,371) |  |  | — |  |  | (3,371) |
Dividend equivalents on RSUs |  | (600) |  |  | — |  |  | (600) |  |  | (619) |  |  | — |  |  | (619) |
Other comprehensive income (loss) |  | (5,571) |  |  | (393) |  |  | (5,964) |  |  | 2,390 |  |  | (263) |  |  | 2,127 |
Other changes in noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid to noncontrolling shareholders |  | — |  |  | (8,960) |  |  | (8,960) |  |  | — |  |  | (5,845) |  |  | (5,845) |
Balance at end of period |  | $ | 1,420,566 |  |  | $ | 37,438 |  |  | $ | 1,458,004 |  |  | $ | 1,384,189 |  |  | $ | 33,319 |  |  | $ | 1,417,508 |

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