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Accounts Receivable Discount Programs (Tables)
9 Months Ended
Dec. 31, 2021
Accounts Receivable Discount Programs [Abstract]  
Accounts Receivable Discount Programs
The following is a summary of accounts receivable discount programs:

 
 
Nine Months Ended
December 31,
 
 
 
2021
   
2020
 
Receivables discounted
 
$
418,044,000
   
$
367,102,000
 
Weighted average days
   
335
     
333
 
Annualized weighted average discount rate
   
1.7
%
   
2.1
%
Amount of discount recognized as interest expense
 
$
6,798,000
   
$
7,277,000