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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2013
Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2013 and December 31, 2012 are as follows:

 

($ in thousands)           Fair Value Measurements at Reporting Date Using  

Description

   Balance as of
March 31, 2013
     Quoted Prices in
Active Markets for
Identical

Assets/Liabilities
(Level 1)
     Significant Other
Observable Inputs
(Level 2)
     Significant
Unobservable Inputs
(Level 3)
 

Cash equivalents

   $ 54,550       $  54,550       $ —         $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Warrant liability

   $ 2,174       $ —         $  2,174       $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 

 

($ in thousands)           Fair Value Measurements at Reporting Date Using  

Description

   Balance as of
December 31, 2012
     Quoted Prices in
Active Markets for
Identical

Assets/Liabilities
(Level 1)
     Significant Other
Observable Inputs
(Level 2)
     Significant
Unobservable
Inputs (Level 3)
 

Cash equivalents

   $ 72,002       $  72,002       $ —         $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Warrant liability

   $ 12,962       $ —         $  12,962       $ —