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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2014
Computation of Basic and Diluted Net Loss per Share

The following table sets forth the reconciliation of the numerator and denominator used in the computation of basic and diluted net loss per share for the three and nine months ended September 30, 2014 and 2013 (in thousands, except per share amounts):

 

             Three Months Ended        
September 30,
             Nine Months Ended        
September 30,
 
     2014      2013      2014      2013  

Numerator for Basic and Diluted:

     

Net loss used for basic calculation

     $ (10,759)           $ (20,501)           $ (18,573)           $ (37,477)     

Effect of revaluation of warrant liability

     (1,738)           0            (14,263)           0      
  

 

 

    

 

 

    

 

 

    

 

 

 

Adjusted net loss used for diluted calculation

     $ (12,497)           $ (20,501)           $ (32,836)           $ (37,477)     
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

     

Basic weighted average number of shares outstanding

     75,194            69,791            73,407            66,464      

Effect of dilutive potential shares

     909            0            2,030            0      
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted weighted average number of shares outstanding

     76,103            69,791            75,437            66,464      
  

 

 

    

 

 

    

 

 

    

 

 

 

Net loss per share:

     

Basic

     $ (0.14)           $ (0.29)           $ (0.25)           $ (0.56)     

Diluted

     $ (0.16)           $ (0.29)           $ (0.44)           $ (0.56)     

Anti-Dilutive Effect of Common Shares

The table below presents shares underlying stock options, employee stock purchase plan rights and restricted stock units that are excluded from the calculation of the weighted average number of shares outstanding used for the calculation of diluted net loss per share. Warrants are excluded from the table below in periods for which the warrants are included in the calculation of diluted net loss per share. These are excluded from the calculation due to their anti-dilutive effect for the three and nine months ended September 30, 2014 and 2013 (shares in thousands):

 

             Three Months Ended        
September 30,
             Nine Months Ended        
September 30,
 
     2014      2013      2014      2013  

Weighted average number of anti-dilutive potential shares

     12,032            16,651            11,737            16,301