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Accounts Receivable Discount Programs (Tables)

9 Months Ended

Dec. 31, 2015

Accounts Receivable Discount Programs [Abstract]

Schedule of accounts receivable discount programs

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

		Nine Months Ended December 31,
		2015				2014
Receivables discounted		$	248,443,000			$	198,073,000
Weighted average days			342				337
Annualized weighted average discount rate			2.2	%			2.0	%
Amount of discount as interest expense		$	5,241,000			$	3,691,000

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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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