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Accounts Receivable Discount Programs (Tables)

9 Months Ended

Dec. 31, 2017

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,
		2017				2016
Receivables discounted		$	263,833,000			$	254,795,000
Weighted average days			341				341
Annualized weighted average discount rate			3.2	%			2.9	%
Amount of discount as interest expense		$	7,854,000			$	6,864,000

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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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