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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value of Financial Instruments  
Schedule of assets and liabilities measured at fair value on a recurring basis
 
 

 

As of December 31, 2011
(in thousands)
  Level 1   Level 2   Level 3  

Assets:

                   

Cash equivalents—U.S. treasury securities

  $ 35,076   $ —   $ —  

Liabilities:

                   

Convertible preferred stock warrants

    —     —     1,516  
 

As of December 31, 2012
(in thousands)
  Level 1   Level 2   Level 3  

Assets:

                   

Cash equivalents—money market funds

  $ 25,668   $ —   $ —  

Cash equivalents—certificates of deposit

    —     480     —  

Cash equivalents—corporate debt securities

    —     5,017     —  

Investments—certificates of deposit

    —     240     —  

Investments—commercial paper

    —     12,465        

Investments—corporate debt securities

    —     59,533     —  

Liabilities:

                   

Derivative liability

    —     —     196  
Schedule of fair value of the liabilities categorized as Level 3 instruments

 

(in thousands)
  Convertible
preferred
stock warrants
  Derivative
Liability
 

Balance, December 31, 2011

  $ 1,516   $ —  

Unrealized gain included in other income (expense)

    (587 )   —  

Reclassification to common stock warrants

    (929 )   —  

Portion of convertible note allocated to derivative

    —     196  
           

Balance, December 31, 2012

  $ —   $ 196