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Accounts Receivable Discount Programs (Tables)

6 Months Ended

Sep. 30, 2019

Accounts Receivable Discount Programs [Abstract]

Accounts Receivable Discount Programs

The following is a summary of accounts receivable discount programs:

		Six Months Ended September 30,
		2019				2018
Receivables discounted		$	205,882,000			$	191,849,000
Weighted average days			346				338
Annualized weighted average discount rate			3.6	%			4.1	%
Amount of discount recognized as interest expense		$	7,196,000			$	7,441,000

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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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