Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries (Tables)

6 Months Ended

Sep. 30, 2024

Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]

Reconciliation Of 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