Remeasurement of Acquisition Liabilities (Tables)

6 Months Ended

Jun. 30, 2012

Remeasurement Of Acquisition Liabilities [Abstract]

Schedule Of Remeasurement Of Acquired Liabilities [Table Text Block]

The following table provides a reconciliation of fair value for which the Company used Level 3 inputs: 

	Acquisition
	Liabilities
Liability recorded upon acquisition	$	(50,927	)
Income	$	6,755
Interest expense	$	(1,857	)
Balance at June 30, 2012	$	(46,029	)

Schedule Of Remeasurement Warrants Valuation Assumptions [Table Text Block]

For the period ended June 30, 2012 the income of $6.8 million represents the remeasurement of the fair value measurement of the warrants as of June 30, 2012 determined by using a Black-Scholes option pricing model with the following assumptions:

Share price	$4.40
Risk-free interest rate	1.00%
Dividend yield	-
Expected volatility	56.26%
Expected term	6.0 years

Schedule Of Net Income Loss Before and After Remeasurement Of Acquisition Liabilities [Table Text Block]

Net income (loss) before and after remeasurement of acquisition liabilities is as follows:

	Three months ended						Six months ended
(in thousands except per share data)	June 30, 2011			June 30, 2012			June 30, 2011			June 30, 2012
Net income (loss)	$	(3,459	)	$	(5,917	)	$	(8,386	)	$	(5,905	)
Net income (loss) per share
Basic	$	(0.14	)	$	(0.24	)	$	(0.34	)	$	(0.24	)
Diluted	$	(0.14	)	$	(0.24	)	$	(0.34	)	$	(0.24	)
Number of shares used for computing
Basic		24,646			25,157			24,646			25,085
Diluted		24,646			25,157			24,646			25,085
Remeasurement of Acquisition Liabilities:
Fair Value of Warrants		-			(1,675	)		-			(6,755	)
Interest Expense					1,857						1,857
Total		-			182			-			(4,898	)
Net income (loss) before remeasurement of acquisition liabilities		(3,459	)		(5,735	)		(8,386	)		(10,803	)
Net income (loss) before remeasurement of acquisition liabilities  per share
Basic	$	(0.14	)	$	(0.23	)	$	(0.34	)	$	(0.43	)
Diluted	$	(0.14	)	$	(0.23	)	$	(0.34	)	$	(0.43	)