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Investments in Unconsolidated Affiliates
12 Months Ended
Mar. 31, 2020
Investments in Unconsolidated Affiliates  
Investments in Unconsolidated Affiliates

(7) Investments in Unconsolidated Affiliates

Investments in entities in which the Company owns between 20% and 50% of the voting interest or otherwise acquires management influence are accounted for using the equity method and initially recognized at cost. Under the equity method, the Company’s share of the post-acquisition profits and losses is recognized in the Consolidated Statements of Income. As of March 31, 2020, through its Polaris subsidiary, the Company owns a 50% interest in Intellect Polaris Design LLC, an LLC which holds certain real estate in New Jersey, which is being accounted for using the equity method of accounting. As of March 31, 2020, the difference between the carrying amount and our equity in net assets of this investment was $735. This is due to fair value measurement of the investment upon the Polaris acquisition.