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Debt (Tables)
12 Months Ended
Dec. 31, 2012
Debt [Abstract]  
Future maturities and interest payments of the Company's long term debt
                         
    December 31, 2012  
    Term
Loan
    Equipment
Loan
    Total  

Fiscal year 2013

  $ 2,588     $ 437     $ 3,025  

Fiscal year 2014

    2,588       437       3,025  

Fiscal year 2015

    2,588       437       3,025  

Fiscal year 2016

    2,588       437       3,025  

Fiscal year 2017

    24,922       437       25,359  

Thereafter

    0       2,149       2,149  
   

 

 

   

 

 

   

 

 

 

Total minimum payments

    35,274       4,334       39,608  

Less amount representing interest

    (12,774     (1,444     (14,218
   

 

 

   

 

 

   

 

 

 

Gross balance of long term debt

    22,500       2,890       25,390  

Plus derivative liability (1)

    3,875       0       3,875  

Less unamortized debt discount (2)

    (4,187     0       (4,187
   

 

 

   

 

 

   

 

 

 

Total carrying value

    22,188       2,890       25,078  

Less current portion

    0       (217     (217
   

 

 

   

 

 

   

 

 

 

Total carrying value, noncurrent portion

  $ 22,188     $ 2,673     $ 24,861  
   

 

 

   

 

 

   

 

 

 

 

(1) Represents the detachable warrants issued to Athyrium, as further described below. The Company had the intent and the ability as of December 31, 2012 to settle the warrants in shares of common stock. As such, the asserted derivative liability was included in long term debt carrying value on its consolidated financial statements at December 31, 2012.
(2) Includes the initial fair value of the detachable warrants in addition to cash fees paid to Athyrium.
Difference between the carrying value of notes repurchased and principal repurchase price
                 
    For the Years Ended
December 31,
 
    2011     2010  

Principal

  $ 39,889     $ 21,000  

Debt premium (discount), net

    9,253       (3,944

Compound embedded derivative

    5,072       311  

Issuance costs

    (220     (201
   

 

 

   

 

 

 

Carrying value

    53,994       17,166  

Principal repurchase price

    38,645       20,550  
   

 

 

   

 

 

 

Gain (loss) on debt extinguishment

  $ 15,349     $ (3,384