XML 73 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheet Account Detail (Tables)
12 Months Ended
Dec. 31, 2013
Balance Sheet Related Disclosures [Abstract]  
Schedule of Allowance for Doubtful Accounts

Schedule of Property and Equipment
Property and equipment consisted of the following:
 
December 31,
 
2013
 
2012
Production equipment, molds, and office furniture
$
8,033


$
7,256

Computer hardware and software
3,290


2,265

Leasehold improvements
3,058


2,819

Construction in progress (software and related implementation, production equipment, and leasehold improvements)
2,594


556

Property and equipment, at cost
16,975


12,896

Accumulated depreciation
(9,637
)

(7,912
)
Property and equipment, net
$
7,338


$
4,984

Schedule of Inventory, Current
Inventories consisted of the following:

December 31,

2013

2012
Raw materials
$
3,793


$
3,901

Work-in-process
4,539


5,102

Finished goods
11,226


9,084

Inventories
$
19,558


$
18,087

Schedule of Intangible Assets and Goodwill
The following table presents goodwill, indefinite lived intangible assets, finite lived intangible assets, and related accumulated amortization:
 

December 31,

2013

2012
Goodwill (1) (3)
$
29,103


$
29,022







Intangible assets:





Indefinite lived intangibles





In-process research and development (2)
$


$
40,100

Trademarks and trade names
2,708


2,708

Total indefinite lived intangibles
$
2,708


$
42,808







Finite lived intangibles





Developed technology (2)
$
40,100


$

Accumulated amortization
(48
)


Developed technology, net
$
40,052


$







Patent
$
100


$
100

Accumulated amortization
(95
)

(75
)
Patent, net
$
5


$
25







License
$
100


$
100

Accumulated amortization
(41
)

(12
)
License, net
$
59


$
88







Customer relationships
$
544


$
522

Accumulated amortization
(272
)

(87
)
Customer relationships, net
$
272


$
435







Intangible assets (excluding goodwill), net
$
43,096


$
43,356

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Estimated amortization expense for the five succeeding years and thereafter (which includes amortization of intangible assets which commenced in February 2013 with the commercial launch of the Nellix System in Europe) is as follows:

Amortization Expense
2014
$
436

2015
641

2016
953

2017
2,251

2018
3,867

2019 and thereafter
32,240

Total
40,388


(d) Marketable securities

Investments in held-to-maturity marketable securities, which all mature during 2014, consist of the following at December 31, 2013:


December 31, 2013


Amortized
Cost

Gross
Unrealized
Gain
 
Gross
Unrealized
Loss
 
Fair Value
Corporate and other debt securities

$
31,313


$
3

 
$
(3
)

$
31,313



At December 31, 2013, the Company’s investments included 7 held-to-maturity debt securities in unrealized loss positions with a total unrealized loss of approximately $3 thousand and a total fair market value of approximately $15.2 million. All investments with gross unrealized losses have been in unrealized loss positions for less than 1 month. The unrealized losses were caused by interest rate fluctuations. There was no change in the credit risk of the securities. The Company does not intend to sell the securities and it is not more likely than not that the Company will be required to sell the securities before the expected recovery of their amortized cost bases. There were no realized gains or losses on the investments for year ended December 31, 2013.

(e) Fair Value Measurements

The following fair value hierarchy table presents information about each major category of the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2013:


 Fair value measurement at reporting date using:
 

Quoted prices in
active markets for
identical assets
(Level 1)

Significant other
observable
inputs
(Level 2)

Significant
unobservable
inputs
(Level 3)

Total
At December 31, 2012












Cash and cash equivalents

$
45,118


$


$


$
45,118

Contingently issuable common stock







52,400


52,400

At December 31, 2013












Cash and cash equivalents

$
95,152


$


$


$
95,152

Contingently issuable common stock





60,900


60,900


There were no remeasurements to fair value during the years ended December 31, 2013 and 2012 of financial assets and liabilities that are not measured at fair value on a recurring basis. There were no transfers between Level 1, Level 2, or Level 3 securities during the years ended December 31, 2013 and 2012.

(f) Instruments Not Recorded at Fair Value on a Recurring Basis

We measure the fair value of our Senior Notes carried at amortized cost quarterly for disclosure purposes. The estimated fair value of the Senior Notes is determined by Level 2 inputs and is based primarily on quoted market prices for the same or similar issues. Based on the market prices, the fair value of our long-term debt was $84.9 million as of December 31, 2013.

We measure the fair value of our held-to-maturity marketable securities carried at amortized cost quarterly for disclosure purposes. The fair value of certain marketable securities is determined by Level 2 inputs and is based primarily on quoted market prices for the same or similar instruments.
Marketable Securities
Investments in held-to-maturity marketable securities, which all mature during 2014, consist of the following at December 31, 2013:


December 31, 2013


Amortized
Cost

Gross
Unrealized
Gain
 
Gross
Unrealized
Loss
 
Fair Value
Corporate and other debt securities

$
31,313


$
3

 
$
(3
)

$
31,313