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Accounts Receivable Discount Programs (Tables)

12 Months Ended

Mar. 31, 2022

Accounts Receivable Discount Programs [Abstract]

Accounts Receivable Discount Programs

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

		Fiscal Years Ended March 31,
		2022				2021
Receivables discounted		$	525,441,000			$	491,285,000
Weighted average days			336				334
Weighted average discount rate			1.9	%			2.1	%
Amount of discount as interest expense		$	9,197,000			$	9,513,000

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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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