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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2012
Stockholders' equity [Abstract]  
Restricted stock unit activity
                         
    Number of
Units
    Weighted Average
Grant-Date Fair
Value
    Aggregate Intrinsic
Value
 

Balance at December 31, 2011

    1,096     $ 4.76          

Granted

    625,148       5.28          

Vested

    —         —            

Forfeited

    (11,500     5.29          
   

 

 

                 

Balance at June 30, 2012

    614,744       5.28       3,221,259  
   

 

 

                 
Summary of stock options activity
                                 
    Number of
options
    Weighted Average
Exercise Price
    Weighted Average
Remaining
Contractual Life
(years)
    Aggregate
Intrinsic Value
 

Balance at December 31, 2011

    7,576,493     $ 5.75                  

Granted

    —         —                    

Exercised

    (247,501     1.60                  

Expired/terminated

    (320,786     7.57                  
   

 

 

                         

Balance at June 30, 2012

    7,008,206     $ 5.81       5.35     $ 4,343,755  
   

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable at June 30, 2012

    6,339,175     $ 6.01       4.77     $ 3,634,350  
   

 

 

   

 

 

   

 

 

   

 

 

 

Expected to vest after June 30, 2012

    628,889     $ 4.72       7.85     $ 709,405  
   

 

 

   

 

 

   

 

 

   

 

 

 
Weighted-average fair value per share of options granted
                 
    Three Months Ended
June  30,
    Six Months Ended
June 30,
 
    2011     2011  

Expected life of options

    4.5 yea rs      4.5 yea rs 

Weighted average volatility

    52.8     55.7

Weighted average risk-free interest rate

    1.5     1.7

Weighted average fair value of options granted

  $ 2.01     $ 2.17  
Reported share-based compensation
                                 
    Three Months Ended June 30 ,     Six Months Ended June 30,  
    2012     2011     2012     2011  

Cost of products sold

  $ 28,748     $ 51,976     $ 95,892     $ 104,980  

Sales, general and administrative expenses

    426,314       649,566       973,364       1,372,745  

Research and development expenses

    134,629       175,465       278,406       362,199  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total stock-based compensation

  $ 589,691     $ 877,007     $ 1,347,662     $ 1,839,924  
   

 

 

   

 

 

   

 

 

   

 

 

 
Repurchases of common stock
                                 
    Total Number of
Shares Purchased
    Average Price
Paid per Share
    Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
    Approximate Dollar
Value of Shares that May
Yet be Purchased  Under
the Plans or Programs
 

April 1-30, 2012

    —       $ —         —       $ —    

May 1-31, 2012

    2,579,406       5.13       2,579,406       6,694,360  

June 1-30, 2012

    534,400       5.27       534,400       3,861,449  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

    3,113,806     $ 5.18       3,113,806     $ 3,861,449