Temporary Equity

12 Months Ended

Dec. 31, 2014

Temporary Equity

Temporary Equity

10. Temporary Equity

        Temporary equity includes securities that: (1) have redemption features that are outside our control; (2) are not classified as an asset or liability; (3) are excluded from permanent stockholders' equity; and (4) are not mandatorily redeemable. Amounts included in temporary equity relate to securities that are redeemable at a fixed or determinable price.

        Components comprising the carrying value of temporary equity include the following (in thousands):

	As of December 31, 2014		As of December 31, 2013
Reclassification of Equity Component(1)	$	12,336	$	34,155
Common stock subject to repurchase(2)		10,882		10,882
Total	$	23,218	$	45,037

(1)	Represents the reclassification of the Equity Component equal to the unamortized discount of our Convertible Notes as of December 31, 2014 from additional paid-in capital to temporary equity. As of December 31, 2014, our Convertible Notes were convertible at the election of their holders as disclosed above in Note 8—Debt—Convertible Notes Due 2016.
(2)	In connection with our amended 2007 agreement with Toray Industries Inc. (Toray), we issued 400,000 shares of our common stock and provided Toray the right to request that we repurchase the shares at a price of $27.21 per share.