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Accounts Receivable Discount Programs (Tables)

12 Months Ended

Mar. 31, 2016

Accounts Receivable Discount Programs [Abstract]

Schedule of accounts receivable discount programs

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

		Years Ended March 31,
		2016				2015
Receivables discounted		$	331,176,000			$	260,973,000
Weighted average days			341				336
Weighted average discount rate			2.3	%			2.0	%
Amount of discount as interest expense		$	7,257,000			$	4,917,000

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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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