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Accounts Receivable Discount Programs (Tables)

3 Months Ended

Jun. 30, 2014

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:

		Three Months Ended
		June 30,
		2014				2013
Receivables discounted		$	68,608,000			$	44,208,000
Weighted average days			337				332
Annualized weighted average discount rate			2.0	%			2.4	%
Amount of discount as interest expense		$	1,292,000			$	978,000

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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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