Accounts Receivable Discount Programs (Tables)

9 Months Ended

Dec. 31, 2019

Accounts Receivable Discount Programs [Abstract]

Accounts Receivable Discount Programs

The following is a summary of accounts receivable discount programs:

	Nine Months Ended December 31,
	2019			2018
Receivables discounted	$	341,339,000		$	287,206,000
Weighted average days		347			340
Annualized weighted average discount rate		3.5	%		4.2	%
Amount of discount recognized as interest expense	$	11,570,000		$	11,377,000