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Accounts Receivable Discount Programs (Tables)

6 Months Ended

Sep. 30, 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:

		Six Months Ended September 30,
		2016				2015
Receivables discounted		$	167,670,000			$	167,905,000
Weighted average days			341				342
Annualized weighted average discount rate			2.8	%			2.2	%
Amount of discount as interest expense		$	4,408,000			$	3,452,000

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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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