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Other Intangible Assets
3 Months Ended
Jun. 30, 2014
Other Intangible Assets [Abstract]  
Other Intangible Assets
  4. Other Intangible Assets

 

The Company's other intangible assets were as follows as of June 30, 2014 and 2013, and March 31, 2014:

 

    June 30,     March 31,  
    2014     2013     2014  
Intellectual property, license agreements and other intangibles   $ 20,855     $ 19,510     $ 20,560  
Less: accumulated amortization     (16,972 )     (16,405 )     (16,755 )
Total   $ 3,883     $ 3,105     $ 3,805  

 

The Company has revised its consolidated balance sheets as of June 30, 2013 and March 31, 2014, to reclassify the capitalized development costs of its proprietary technologies included in certain key products from property and equipment, to other intangible assets. As compared to previously reported amounts, property and equipment, net, has been reduced and other intangible assets, net, have been increased by $2,755 and $3,805 for June 30, 2013 and March 31, 2014, respectively. These revisions represent errors that were not deemed material, individually or in aggregate, to the consolidated financial statements for the corresponding prior periods. These revisions do not impact the Company's previously reported consolidated results of operations or statements of cash flows. As of June 30, 2014, a total of $3,900 of the related development costs was included in other intangible assets and began to be amortized during the quarter ended June 30, 2014, upon the completion of the development, on a straight-line basis over three years to cost of sales in the statement of operations.