| 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 months ended June 30, 2026 and 2025 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Three Months Ended June 30, 2025 | | (in thousands of dollars) | | Universal Corporation | | Non-controlling Interests | | Total | | Universal Corporation | | Non-controlling Interests | | Total | | | | | | | | | | | | | | | Balance at beginning of three-month period | | $ | 1,415,400 | | | $ | 45,724 | | | $ | 1,461,124 | | | $ | 1,458,556 | | | $ | 41,982 | | | $ | 1,500,538 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Changes in common stock | | | | | | | | | | | | | | | | | | | | | | | | | | | Repurchase of common stock | | (723) | | | — | | | (723) | | | — | | | — | | | — | | | | | | | | | | | | | | | | Accrual of stock-based compensation | | 5,378 | | | — | | | 5,378 | | | 7,575 | | | — | | | 7,575 | | Withholding of shares from stock-based compensation for grantee income taxes | | (2,504) | | | — | | | (2,504) | | | (4,017) | | | — | | | (4,017) | | | Dividend equivalents on RSUs | | 225 | | | — | | | 225 | | | 314 | | | — | | | 314 | | | | | | | | | | | | | | | | Changes in retained earnings | | | | | | | | | | | | | | Net income (loss) | | (5,016) | | | (3,334) | | | (8,350) | | | 8,497 | | | 5,870 | | | 14,367 | | | Cash dividends declared | | | | | | | | | | | | | | | | | | | | | | | | | | | Common stock | | (20,699) | | | — | | | (20,699) | | | (20,406) | | | — | | | (20,406) | | | | | | | | | | | | | | | | Repurchase of common stock | | (2,023) | | | — | | | (2,023) | | | — | | | — | | | — | | | Dividend equivalents on RSUs | | (225) | | | — | | | (225) | | | (314) | | | — | | | (314) | | | | | | | | | | | | | | | | Other comprehensive income (loss) | | (984) | | | (90) | | | (1,074) | | | 8,712 | | | 23 | | | 8,735 | | | | | | | | | | | | | | | | Other changes in noncontrolling interests | | | | | | | | | | | | | Dividends paid to noncontrolling shareholders | | — | | | (8,235) | | | (8,235) | | | — | | | (7,203) | | | (7,203) | | | | | | | | | | | | | | | | Balance at end of period | | $ | 1,388,829 | | | $ | 34,065 | | | $ | 1,422,894 | | | $ | 1,458,917 | | | $ | 40,672 | | | $ | 1,499,589 | |
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