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Accounts Receivable Discount Programs (Tables)

12 Months Ended

Mar. 31, 2019

Accounts Receivable Discount Programs [Abstract]

Accounts Receivable Discount Programs

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

		Years Ended March 31,
		2019				2018
Receivables discounted		$	396,650,000			$	357,224,000
Weighted average days			341				340
Weighted average discount rate			4.2	%			3.3	%
Amount of discount as interest expense		$	15,867,000			$	11,182,000

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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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