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Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Sales and other operating revenues $ 710,762 $ 638,484 $ 1,307,812 $ 1,156,206
Costs and expenses        
Cost of goods sold 567,617 506,767 1,068,746 937,977
Selling, general and administrative expenses 63,836 73,806 142,532 149,283
Restructuring and impairment costs [1] 10,573 2,599 10,573 2,599
Operating income 68,736 55,312 85,961 66,347
Equity in pretax earnings (loss) of unconsolidated affiliates [2] (642) (713) (502) (4,879)
Other non-operating income (expense) 461 728 925 1,453
Interest income 295 953 1,103 2,318
Interest expense 21,273 17,053 42,007 32,596
Income (loss) before income taxes and other items 47,577 39,227 45,480 32,643
Income taxes 13,608 8,439 14,335 7,016
Net income (loss) 33,969 30,788 31,145 25,627
Less: net loss (income) attributable to noncontrolling interests in subsidiaries (8,029) (2,660) (5,075) 437
Net income (loss) attributable to Universal Corporation $ 25,940 $ 28,128 $ 26,070 $ 26,064
Earnings per share:        
Basic $ 1.04 $ 1.13 $ 1.05 $ 1.05
Diluted $ 1.03 $ 1.12 $ 1.04 $ 1.04
Weighted average common shares outstanding:        
Basic 24,946,632 24,869,697 24,911,681 24,855,974
Diluted 25,135,973 25,015,369 25,101,295 24,997,899
Total comprehensive income (loss)        
Total comprehensive income (loss), net of income taxes $ 33,531 $ 28,549 $ 25,181 $ 27,754
Less: comprehensive (income) loss attributable to noncontrolling interests (8,026) (2,541) (4,682) 700
Comprehensive income (loss) attributable to Universal Corporation $ 25,505 $ 26,008 $ 20,499 $ 28,454
Dividends declared per common share $ 0.81 $ 0.80 $ 1.62 $ 1.60
[1] Restructuring and impairment costs are excluded from segment operating income, but are included in consolidated operating income in the consolidated statements of income and comprehensive income. See Note 2 for additional information.
[2] Equity in pretax earnings (loss) of unconsolidated affiliates is included in segment operating income (Tobacco Operations), but is reported below consolidated operating income and excluded from that total in the consolidated statements of income and comprehensive income.