401(k) Saving Plan

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

401(k) Savings Plan

401(K) SAVINGS PLAN

The Company has a defined contribution savings plan (the “Plan”) under Section 401(k) of the Internal Revenue Code. The Plan covers substantially all employees who meet minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pre-tax basis. Company contributions to the plan may be made at the discretion of the Board of Directors. Beginning in 2012, the Plan provided for a Company match of employees’ contributions in an amount equal to 50% of an employee’s contributions up to $2,400 per year which vests over four years.

The Company incurred approximately $0.8 million and $0.3 million of matching contribution expenses related to the Plan during the years ended December 31, 2013 and 2012, respectively.