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Accounts Receivable Discount Programs (Tables)

9 Months Ended

Dec. 31, 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 for continuing operations:

		Nine Months Ended December 31,
		2013				2012
Receivables discounted		$	155,739,000			$	143,694,000
Weighted average days			336				336
Annualized weighted average discount rate			2.3	%			2.7	%
Amount of discount as interest expense		$	3,280,000			$	3,617,000

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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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