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Accounts Receivable Discount Programs (Tables)

3 Months Ended

Jun. 30, 2019

Accounts Receivable Discount Programs [Abstract]

Accounts Receivable Discount Programs

The following is a summary of accounts receivable discount programs:

		Three Months Ended June 30,
		2019				2018
Receivables discounted		$	96,854,000			$	86,785,000
Weighted average days			346				334
Annualized weighted average discount rate			3.9	%			4.1	%
Amount of discount recognized as interest expense		$	3,649,000			$	3,324,000

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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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