Other Assets

Other assets consisted of the following as of March 29, 2014 and March 30, 2013:



(In thousands)	2014		2013
Minority equity investment	$	4,263	$	8,966
Consignment and demo equipment, net	5,938		4,263
Long term deposits and other	2,146		1,523
	$	12,347	$	14,752

Minority equity investment represents the Company's investment in OmniGuide, Inc., which are accounted for as cost method investments. At each reporting period end, the Company determines whether events or circumstances have occurred that are likely to have a significant adverse effect on the fair value of the investments. If there are no identified events or circumstances that may have a significant adverse effect on the fair value of the investments, the fair value of the investments are not calculated as it is not practicable to do so. The total carrying value of these investments was $9.0 million at March 30, 2013 and an additional investment of $5.0 million was made in second quarter of 2014 for a total investment of $14.0 million life-to-date, or a 15% interest. OmniGuide engaged in a Series F Preferred Stock round of equity financing priced below previous rounds in the second quarter of 2014, which was considered a triggering event and the Company recorded a $3.6 million impairment charge of Series D and Series E investments at that time. In the fourth quarter of 2014, further triggering events were identified due to poor operating results through the end of the year combined with decreasing cash levels. We performed an updated valuation of our investments in the fourth quarter and recorded an additional $6.1 million impairment. The total carrying value of $4.3 million and $9.0 million at March 29, 2014 and March 30, 2013, respectively, is included in Other assets on the Consolidated Balance Sheet.