| Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, | | Nine Months Ended December 31, | | (in thousands, except share and per share data) | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | | Basic Earnings (Loss) Per Share | | | | | | | | | | Numerator for basic earnings (loss) per share | | | | | | | | | | Net income (loss) attributable to Universal Corporation | | $ | 33,249 | | | $ | 59,639 | | | $ | 75,915 | | | $ | 85,709 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Denominator for basic earnings (loss) per share | | | | | | | | | | Weighted average shares outstanding | | 25,056,517 | | | 24,980,792 | | | 25,030,798 | | | 24,934,786 | | | | | | | | | | | | Basic earnings (loss) per share | | $ | 1.33 | | | $ | 2.39 | | | $ | 3.03 | | | $ | 3.44 | | | | | | | | | | | | Diluted Earnings (Loss) Per Share | | | | | | | | | | Numerator for diluted earnings (loss) per share | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to Universal Corporation | | $ | 33,249 | | | $ | 59,639 | | | $ | 75,915 | | | $ | 85,709 | | | | | | | | | | | | Denominator for diluted earnings (loss) per share: | | | | | | | | | | Weighted average shares outstanding | | 25,056,517 | | | 24,980,792 | | | 25,030,798 | | | 24,934,786 | | | Effect of dilutive securities | | | | | | | | | | | | | | | | | | | Employee and outside director share-based awards | | 132,359 | | | 161,875 | | | 136,027 | | | 180,367 | | | Denominator for diluted earnings (loss) per share | | 25,188,876 | | | 25,142,667 | | | 25,166,825 | | | 25,115,153 | | | | | | | | | | | | Diluted earnings (loss) per share | | $ | 1.32 | | | $ | 2.37 | | | $ | 3.02 | | | $ | 3.41 | |
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