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Accounts Receivable Discount Programs (Tables)
3 Months Ended
Jun. 30, 2024
Accounts Receivable Discount Programs [Abstract]  
Accounts Receivable Discount Programs
The following is a summary of accounts receivable discount programs:

   
Three Months Ended
 
 
 
June 30,
 
 
 
2024
   
2023
 
Receivables discounted
 
$
144,541,000
   
$
104,332,000
 
Weighted average number of days collection was accelerated
   
342
     
337
 
Annualized weighted average discount rate
   
6.9
%
   
6.4
%
Amount of discount recognized as interest expense
 
$
9,507,000
   
$
6,252,000