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Accounts Receivable Discount Programs
12 Months Ended
Mar. 31, 2015
Accounts Receivable Discount Programs [Abstract]  
Accounts Receivable Discount Programs
12. Accounts Receivable Discount Programs

The Company uses receivable discount programs with certain major customers and their respective banks. Under these programs, the Company may sell those customers’ receivables to those banks at a discount to be agreed upon at the time the receivables are sold. These programs allow the Company to accelerate collection of customers’ receivables.

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

  
Years Ended March 31,
 
  
2015
  
2014
 
     
Receivables discounted
 
$
260,973,000
  
$
210,752,000
 
Weighted average days
  
336
   
337
 
Weighted average discount rate
  
2.0
%
  
2.2
%
Amount of discount as interest expense
 
$
4,917,000
  
$
4,336,000