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Investment In Unconsolidated Affiliate
3 Months Ended
Jun. 30, 2011
Investment In Unconsolidated Affiliate [Abstract]  
Investment In Unconsolidated Affiliate
NOTE 6.  INVESTMENT IN UNCONSOLIDATED AFFILIATE
 
Our investment in an unconsolidated affiliate consists of an investment in equity securities of Scandinavian Micro Biodevices APS (“SMB”).  In February 2011, we purchased a 15% equity ownership interest in SMB, for $2.8 million in cash.  SMB is a privately-held developer and manufacturer of point-of-care diagnostic products for veterinary use.  SMB, based in Farum, Denmark, has been the original equipment manufacturer of the Abaxis VetScan VSpro point-of-care coagulation and specialty analyzer since 2008.  Abaxis has had exclusive distribution rights for the analyzer and associated cartridges in North America since 2008.  Starting January 2011, Abaxis has non-exclusive rights in other areas of the world.  We accounted for our investment in SMB using the equity method due to our significant influence over SMB's operations.  During the three months ended June 30, 2011, we recorded our allocated portion of SMB's net loss of $38,000.