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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2013
Computation of Basic and Diluted Net Loss per Common Share

The following table sets forth the reconciliation of the numerator and denominator used in the computation of basic and diluted net loss per common share for the three and nine months ended September 30, 2013, and 2012 (in thousands, except per share amounts):

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2013     2012     2013     2012  

Numerator:

        

Net loss used for basic calculation

   $ (20,501   $ (3,460   $ (37,477   $ (14,201

Effect of revaluation of warrant liability

     —          (873     —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted net loss used for diluted calculation

   $ (20,501   $ (4,333   $ (37,477   $ (14,201
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

        

Basic weighted average number of common shares outstanding

     69,791        54,875        66,464        54,130   

Effect of dilutive potential common shares resulting from warrants

     —          502        —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted weighted average number of common shares outstanding

     69,791        55,377        66,464        54,130   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per common share:

        

Basic

   $ (0.29   $ (0.06   $ (0.56   $ (0.26

Diluted

   $ (0.29   $ (0.08   $ (0.56   $ (0.26
Anti-Dilutive Effect of Common Shares

The table below presents common shares underlying stock options, convertible preferred stock, employee stock purchase plan rights, warrants and restricted stock units that are excluded from the calculation of the weighted average number of common shares outstanding used for the calculation of diluted net loss per common share. These are excluded from the calculation due to their anti-dilutive effect for the three and nine months ended September 30, 2013, and 2012 (shares in thousands):

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2013      2012      2013      2012  

Anti-dilutive common shares

     16,651         8,704         16,301         14,813