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Accounts Receivable Discount Programs (Tables)
9 Months Ended
Dec. 31, 2023
Accounts Receivable Discount Programs [Abstract]  
Accounts Receivable Discount Programs
The following is a summary of accounts receivable discount programs:

   
Nine Months Ended
 
 
 
December 31,
 
 
 
2023
   
2022
 
Receivables discounted
 
$
465,073,000
   
$
428,868,000
 
Weighted average number of days collection was accelerated
   
334
     
323
 
Annualized weighted average discount rate
   
6.8
%
   
5.0
%
Amount of discount recognized as interest expense
 
$
29,395,000
   
$
19,131,000