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Accounts Receivable Discount Programs (Tables)

12 Months Ended

Mar. 31, 2024

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,
		2024				2023
Receivables discounted		$	618,012,000			$	548,376,000
Weighted average days			336				328
Weighted average discount rate			6.8	%			5.3	%
Amount of discount as interest expense		$	39,175,000			$	26,432,000

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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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