Accounts Receivable Discount Programs (Tables)

9 Months Ended

Dec. 31, 2020

Accounts Receivable Discount Programs [Abstract]

Accounts Receivable Discount Programs

The following is a summary of accounts receivable discount programs:

	Nine Months Ended December 31,
	2020			2019
Receivables discounted	$	367,102,000		$	341,339,000
Weighted average days		333			347
Annualized weighted average discount rate		2.1	%		3.5	%
Amount of discount recognized as interest expense	$	7,277,000		$	11,570,000