Condensed Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Condensed Quarterly Financial Data [Abstract]

14. Condensed Quarterly Financial Data (unaudited)

The following table contains selected unaudited statement of operations information for each quarter of 2011 and 2010. The unaudited information should be read in conjunction with the Company's financial statements and related notes included elsewhere in this report. The Company believes that the following unaudited information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.

Quarterly Financial Data (in thousands, except per share data):


	Three months ended
	March 31,			June 30,			September 30,			December 31,
2011
Total revenues	$	12,171		$	13,054		$	20,666		$	48,887
Net loss	$	(32,674	)	$	(51,506	)	$	(40,685	)	$	(27,165	)
Net loss per share—basic and diluted	$	(0.30	)	$	(0.45	)	$	(0.35	)	$	(0.24	)
2010
Total revenues	$	46,455		$	36,878		$	15,991		$	8,146
Net income (loss)	$	11,460		$	(8,323	)	$	(34,856	)	$	(34,546	)
Net income (loss) per share—basic and diluted	$	0.11		$	(0.08	)	$	(0.34	)	$	(0.34	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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