Shares used in the calculation of net
income per share:
Weighted average common shares
outstanding - basic 21,561 20,766 21,441 20,547
Weighted average common shares
outstanding - diluted 22,359 21,939 22,208 21,871
ABAXIS, INC.
Condensed Balance Sheets
(Unaudited and in thousands)
December 31, March 31,
2007 2007
Current assets:
Cash and cash equivalents $11,792 $10,183
Short-term investments 43,966 35,028
Trade receivables, net 20,862 16,929
Inventories, net 18,020 14,813
Prepaid expenses 677 1,321
Net deferred tax asset - current 4,133 8,979
Total current assets 99,450 87,253
Property and equipment, net 13,982 12,662
Intangible assets, net 394 450
Other assets 19 38
Net deferred tax asset - non-current 2,469 2,312
Total assets $116,314 $102,715
Current liabilities:
Accounts payable $7,047 $6,505
Accrued payroll and related expenses 3,587 3,830
Other accrued liabilities 1,422 1,169
Deferred revenue 780 917
Warranty reserve 1,157 315
Total current liabili
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