Accounts Receivable Discount Programs (Tables)

9 Months Ended

Dec. 31, 2016

Accounts Receivable Discount Programs [Abstract]

Schedule of accounts receivable discount programs

The following is a summary of the Company’s accounts receivable discount programs:

	Nine Months Ended December 31,
	2016			2015
Receivables discounted	$	254,795,000		$	248,443,000
Weighted average days		341			342
Annualized weighted average discount rate		2.9	%		2.2	%
Amount of discount as interest expense	$	6,864,000		$	5,241,000