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Accounts Receivable Discount Programs (Tables)

12 Months Ended

Mar. 31, 2020

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,
		2020				2019
Receivables discounted		$	461,484,000			$	396,650,000
Weighted average days			346				341
Weighted average discount rate			3.3	%			4.2	%
Amount of discount as interest expense		$	14,780,000			$	15,867,000

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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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