XML 63 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Share Based Award Activity
A summary of share-based activity is as follows (in thousands):
 
Shares
Available
for Grant
December 31, 2012
3,767

Annual increase in shares available for grant
1,507

Option grants
(922
)
RSU award grants
(2,101
)
RSU award shares withheld for taxes
132

RSA award grants
(216
)
PSU award grants
(523
)
Options forfeited, cancelled or expired
2,603

RSU awards forfeited, cancelled or expired
165

PSU awards forfeited, cancelled or expired
496

December 31, 2013
4,908

Summary of stock option activity
A summary of stock option activity for the years ended December 31, 2011, 2012 and 2013 is as follows (in thousands, except per share amounts and years): 
 
 
Options Outstanding
 
 
 
 
 
 
Number of
Options
 
Weighted
Average
Exercise Price
per Share
 
Weighted Average Remaining Contractual Terms (years)
 
Aggregate Intrinsic Value
December 31, 2010
 
7,796

 
$
6.27

 
6.57
 
$
34,228

Grants
 
1,751

 
9.33

 
 
 
 
Exercises
 
(1,167
)
 
2.21

 
 
 
9,077

Early exercised options repurchased
 
(476
)
 
9.51

 
 
 
 
Forfeited/Cancelled
 

 

 
 
 
 
December 31, 2011
 
7,904

 
7.35

 
6.77
 
6,570

Grants
 
1,521

 
3.42

 
 
 
 
Exercises
 
(708
)
 
1.78

 
 
 
925

Forfeited/Cancelled
 
(2,584
)
 
8.23

 
 
 
 
December 31, 2012
 
6,133

 
6.65

 
4.91
 
657

Grants
 
922

 
2.28

 
 
 
 
Exercises
 
(326
)
 
0.98

 
 
 
409

Forfeited/Cancelled
 
(2,603
)
 
7.35

 
 
 
 
December 31, 2013
 
4,126

 
5.68

 
5.75
 
87

Options vested and expected to vest at December 31, 2013
 
4,006

 
5.77

 
5.66
 
87

 
 
 
 
 
 
 
 
 
Options exercisable at December 31, 2013
 
2,805

 
$
6.76

 
4.37
 
$
87

Information about stock options outstanding and exercisable by exercise price range
The following table summarizes information about stock options outstanding and exercisable at December 31, 2013 (amounts in thousands, except per share and years): 
 
Options Outstanding
 
Options Exercisable
Exercise Prices
Number
of
Options
 
Weighted
Average
Remaining
Contractual
Term
(Years)
 
Weighted
Average
Exercise
Price per
Share
 
Number
of
Options
 
Weighted
Average
Exercise
Price per
Share
$0.68 - $2.32
869

 
7.30
 
$
1.96

 
199

 
$
0.96

$2.34 - $3.46
971

 
6.50
 
2.93

 
561

 
2.76

$3.56 - $7.40
719

 
5.30
 
5.31

 
595

 
5.60

$7.41 - $9.81
721

 
4.36
 
8.38

 
673

 
8.34

$9.82 - $11.87
846

 
4.88
 
10.66

 
777

 
10.67

 
4,126

 
5.75
 
$
5.68

 
2,805

 
$
6.76

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
A summary of RSU activity for the years ended December 31, 2011, 2012 and 2013 is as follows (in thousands, except per share amounts and years): 
 
 
RSUs Outstanding
 
 
 
 
 
 
Number of RSUs

 
Weighted Average Grant Date Fair Value Per Share
 
Weighted Average Remaining Contractual Terms (years)
 
Aggregate Intrinsic Value
December 31, 2010
 

 
 
 
 
 
 
Grants
 
578

 
$
9.54

 
 
 
 
Shares released
 

 
 
 
 
 
 
Forfeited/Cancelled
 
(32
)
 
 
 
 
 
 
December 31, 2011
 
546

 
 
 
1.66
 
$
2,895

Grants
 
1,148

 
$
3.54

 
 
 
 
Shares released
 
(167
)
 
 
 
 
 
 
Forfeited/Cancelled
 
(569
)
 
 
 
 
 
 
December 31, 2012
 
958

 
 
 
1.21
 
$
2,117

Grants
 
2,101

 
$
1.80

 
 
 
 
Shares released
 
(325
)
 
 
 
 
 
 
Forfeited/Cancelled
 
(496
)
 
 
 
 
 
 
December 31, 2013
 
2,238

 
 
 
1.10
 
$
3,133

 
 
 
 
 
 
 
 
 
RSUs vested and expected to vest at December 31, 2013
 
2,015

 
 
 
 
 
$
2,821

Schedule of stock-based compensation expense
The following table presents stock-based compensation expense included in the consolidated statements of operations (in thousands): 
 
Years Ended December 31,
 
2013
 
2012
 
2011
Research and development
$
1,201

 
$
2,334

 
$
3,311

Selling, general and administrative
3,188

 
2,742

 
6,120

 
$
4,389

 
$
5,076

 
$
9,431

Assumptions used to estimate the fair value of option grants
The Company used the following assumptions to estimate the fair value of its employee option grants: 
 
Years Ended December 31,
 
2013
 
2012
 
2011
Weighted-average expected life (years)
6.0

 
6.0

 
6.1

Weighted-average expected volatility
65
%
 
61
%
 
58
%
Weighted-average risk free interest rate
1.2
%
 
1.0
%
 
2.2
%
Expected dividend yield
0.0
%
 
0.0
%
 
0.0
%