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Accounts Receivable Discount Programs (Tables)
3 Months Ended
Jun. 30, 2023
Accounts Receivable Discount Programs [Abstract]  
Accounts Receivable Discount Programs
The following is a summary of accounts receivable discount programs:

   
Three Months Ended
 
 
 
June 30,
 
 
 
2023
   
2022
 
Receivables discounted
 
$
104,332,000
   
$
142,624,000
 
Weighted average number of days collection was accelerated
   
337
     
327
 
Annualized weighted average discount rate
   
6.4
%
   
3.7
%
Amount of discount recognized as interest expense
 
$
6,252,000
   
$
4,874,000