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Accounts Receivable Discount Programs
3 Months Ended
Jun. 30, 2025
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:
 
           
  Three Months Ended
  June 30,
    2025       2024  
Receivables discounted
$168,194,000    $144,541,000 
Weighted average number of days collection was accelerated
 345     342 
Annualized weighted average discount rate
 5.7%    6.9%
Amount of discount recognized as interest expense
$9,158,000    $9,507,000