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Accounts Receivable Discount Programs (Tables)

3 Months Ended

Jun. 30, 2013

Accounts Receivable Discount Programs [Abstract]

Schedule of accounts receivable discount programs

The following is a summary of the Company’s accounts receivable discount programs of its continuing operations:

		Three Months Ended
		June 30,
		2013				2012
Receivables discounted		$	44,208,000			$	45,972,000
Weighted average days			332				337
Annualized weighted average discount rate			2.4	%			2.7	%
Amount of discount as interest expense		$	978,000			$	1,181,000

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- Definition

Tabular disclosure of accounts receivable factored out to banks. Disclosure includes amounts factored, weighted average days, weighted average discount rate and amount of discount.

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