| Component: (Network and Table) | |
|---|---|
| Network | 040000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (http://abaxis.com/role/ConsolidatedStatementsOfCashFlows) |
| Table | (Implied) |
| Reporting Entity [Axis] | 0000881890 (http://www.sec.gov/CIK) |
| CONSOLIDATED STATEMENTS OF CASH FLOWS [Abstract] | Period [Axis] | ||
|---|---|---|---|
2011-04-01 - 2012-03-31 | 2010-04-01 - 2011-03-31 | 2009-04-01 - 2010-03-31 | |
CONSOLIDATED STATEMENTS OF CASH FLOWS [Abstract] | |||
Cash flows from operating activities: | |||
Net income | 13,091,000 | 14,537,000 | 13,023,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 5,090,000 | 4,562,000 | 4,935,000 |
Investment premium amortization, net | 986,000 | 526,000 | 211,000 |
Net loss on disposals of property and equipment | 13,000 | 16,000 | 104,000 |
Net loss (gain) on foreign exchange translation | 144,000 | (275,000) | 60,000 |
Share-based compensation expense | 5,683,000 | 4,844,000 | 5,337,000 |
Excess tax benefits from share-based awards | (862,000) | (2,260,000) | (2,096,000) |
Provision for deferred income taxes | 673,000 | 2,087,000 | 1,245,000 |
Equity in net loss of unconsolidated affiliate | 143,000 | 31,000 | 0 |
Changes in assets and liabilities: | |||
Receivables, net | (2,827,000) | (4,132,000) | (1,833,000) |
Inventories | (1,236,000) | (1,846,000) | (5,068,000) |
Prepaid expenses and other current assets | (1,199,000) | (156,000) | (585,000) |
Other assets | 44,000 | (55,000) | (52,000) |
Accounts payable | 232,000 | (3,248,000) | 5,436,000 |
Accrued payroll and related expenses | 208,000 | 514,000 | 1,917,000 |
Accrued taxes | (276,000) | 582,000 | 884,000 |
Other accrued liabilities | 299,000 | 336,000 | 140,000 |
Deferred rent | 225,000 | 253,000 | 26,000 |
Deferred revenue | 918,000 | 174,000 | (58,000) |
Warranty reserve | 624,000 | (121,000) | (954,000) |
Net cash provided by operating activities | 21,973,000 | 16,369,000 | 22,672,000 |
Cash flows from investing activities: | |||
Purchases of available-for-sale investments | (8,268,000) | 0 | (3,030,000) |
Purchases of held-to-maturity investments | (18,174,000) | (62,686,000) | (70,562,000) |
Proceeds from redemptions of available-for-sale investments | 0 | 0 | 3,000,000 |
Proceeds from maturities and redemptions of held-to-maturity investments | 42,584,000 | 68,604,000 | 27,381,000 |
Purchases of property and equipment | (7,663,000) | (6,926,000) | (3,413,000) |
Cash paid for investment in unconsolidated affiliate | 0 | (2,800,000) | 0 |
Net cash provided by (used in) investing activities | 8,479,000 | (3,808,000) | (46,624,000) |
Cash flows from financing activities: | |||
Proceeds from notes payable from municipal agency | 147,000 | 853,000 | 0 |
Proceeds from the exercise of stock options | 615,000 | 1,684,000 | 915,000 |
Tax withholdings related to net share settlements of restricted stock units | (2,211,000) | (2,013,000) | (446,000) |
Excess tax benefits from share-based awards | 862,000 | 2,260,000 | 2,096,000 |
Repurchases of common stock | (27,328,000) | 0 | 0 |
Net cash provided by (used in) financing activities | (27,915,000) | 2,784,000 | 2,565,000 |
Effect of exchange rate changes on cash and cash equivalents | (165,000) | 269,000 | 7,000 |
Net increase (decrease) in cash and cash equivalents | 2,372,000 | 15,614,000 | (21,380,000) |
Cash and cash equivalents at beginning of year | 43,471,000 | 27,857,000 | 49,237,000 |
Cash and cash equivalents at end of year | 45,843,000 | 43,471,000 | 27,857,000 |
Supplemental disclosure of cash flow information: | |||
Cash paid for income taxes, net of refunds | 6,161,000 | 6,194,000 | 6,349,000 |
Supplemental disclosure of non-cash flow information: | |||
Change in unrealized gain on investments, net of tax | 25,000 | 0 | 0 |
Transfers of equipment between inventory and property and equipment, net | 1,485,000 | 1,112,000 | 1,797,000 |
Net change in capitalized share-based compensation | 32,000 | 13,000 | 61,000 |
Common stock withheld for employee taxes in connection with share-based compensation | 2,211,000 | 2,013,000 | 446,000 |
Repayment of notes payable by credits from municipal agency | 95,000 | 22,000 | 0 |
Warrants issued for intangible assets | 388,000 | 249,000 | 0 |