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Accounts Receivable Discount Programs (Tables)
3 Months Ended
Jun. 30, 2020
Accounts Receivable Discount Programs [Abstract]  
Accounts Receivable Discount Programs
The following is a summary of accounts receivable discount programs:

 
 
Three Months Ended
June 30,
 
 
 
2020
   
2019
 
Receivables discounted
 
$
111,360,000
   
$
96,854,000
 
Weighted average days
   
345
     
346
 
Annualized weighted average discount rate
   
2.5
%
   
3.9
%
Amount of discount recognized as interest expense
 
$
2,686,000
   
$
3,649,000