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Accounts Receivable Discount Programs
 6 Months Ended
Sep. 30, 2024
Accounts Receivable Discount Programs [Abstract]  
Accounts Receivable Discount Programs
10. Accounts Receivable Discount Programs
The Company uses accounts receivable discount programs offered by certain customers and their respective banks. Under these programs, the Company may sell those customers’ receivables to those banks at a discount to be agreed upon at the time the receivables are sold. These discount arrangements allow the Company to accelerate receipt of payment on customers’ receivables.

The following is a summary of accounts receivable discount programs:
   
Six Months Ended
  
 
  
September 30,
  
 
  
2024
    
2023
  
Receivables discounted
  
$
303,638,000
    
$
255,303,000
  
Weighted average number of days collection was accelerated
    
343
      
338
  
Annualized weighted average discount rate
    
6.5
%
    
6.6
%
Amount of discount recognized as interest expense
  
$
18,870,000
    
$
15,940,000