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PROPERTY, PLANT AND EQUIPMENT
3 Months Ended
Jun. 30, 2012
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT
In accordance with our policy, we review the estimated useful lives of our fixed assets on an ongoing basis. This review indicated that the actual lives of certain equipment placed at customers locations were longer than the estimated useful lives used for depreciation purposes in our financial statements. As a result, effective April 1, 2012, we changed our estimates of the useful lives of our machinery and equipment to better reflect the estimated periods during which these assets will remain in service. The equipment that previously had weighted average useful lives of six years were determined to now have weighted average useful lives of seven years. The effect of this change in estimate will reduce fiscal year 2013 depreciation expense by $4.5 million, or $1.1 million a quarter increase 2013 net income by $4.5 million ($3.3 million net of taxes) and increase fiscal 2013 basic and diluted earnings per share by $0.13 or $0.03 a quarter.