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Other Assets
9 Months Ended
Dec. 27, 2014
Other Assets, Noncurrent Disclosure [Abstract]  
Other Assets
Other Assets
Other assets consisted of the following:
(In thousands)
Dec 27, 2014
 
Mar 29, 2014
Consignment and demo equipment, net
$
6,572

 
$
5,938

Minority equity investments
4,263

 
4,263

Other
2,365

 
2,146

 
$
13,200

 
$
12,347


Minority equity investments represent the Company's investment in OmniGuide, Inc., which is accounted for as a cost method investment. At the end of each reporting period, the Company determines whether events or circumstances have occurred that are likely to have a significant adverse effect on the fair value of investments. If there are no identified events or circumstances that may have a significant adverse effect on the fair value of investments and the fair value of those investments are not practicable to calculate, the fair value is not calculated.
The total carrying value of the Company's investment in OmniGuide, Inc., was $9.0 million at March 30, 2013 and an additional investment of $5.0 million was made in the second quarter of 2014 for a total investment of $14.0 million life-to-date, or a 15% interest. In the second quarter of 2014, OmniGuide, Inc., engaged in a Series F Preferred Stock round of equity financing priced below previous rounds, which was considered a triggering event and the Company recorded a $3.6 million impairment charge on its Series D and Series E investment 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 and we performed an updated valuation of our investments at that time and, as a result, recorded an additional $6.1 million impairment charge.
The Company's minority equity investment may be further impaired if OmniGuide, Inc. is unable to raise sufficient funding to continue operations in the near term, if the terms of any such funding are unfavorable to our position, if business results deteriorate, or if the company is sold for an amount that results in proceeds to us less than our carrying value. The total carrying value of $4.3 million at December 27, 2014 and March 29, 2014 is included in Other assets on the Condensed Consolidated Balance Sheets.