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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Loss Before Income Taxes

Loss before income taxes for the years ended December 31 consisted of the following:

 

     2014      2013      2012  
     (In thousands)  

Domestic

   $ (50,455    $ (28,746    $ (17,618

Foreign

     417         (535      (90
  

 

 

    

 

 

    

 

 

 

Loss before income taxes

$ (50,038 $ (29,281 $ (17,708
  

 

 

    

 

 

    

 

 

 
Income Tax Expense (Benefit) Differed from Amounts Computed by Applying Statutory Federal Income Tax Rate

Income tax expense (benefit) differed from the amounts computed by applying the statutory federal income tax rate of 34% to pretax loss as a result of the following for the years ended December 31:

 

     2014      2013      2012  
     (In thousands)  

Income tax provision at statutory rate

   $ (17,013    $ (9,955    $ (6,021

Nondeductible items

     456        (32      349  

Change in tax credits

     (678      (893 )      39  

Change in valuation allowance

     17,911        10,965        5,894  

Other

     (676      (85      (261
  

 

 

    

 

 

    

 

 

 
$ —     $ —     $ —    
  

 

 

    

 

 

    

 

 

 
Effect of Temporary Differences and Carryforwards

The effect of temporary differences and carryforwards that give rise to deferred tax assets for the years ended December 31 were as follows:

 

     2014      2013  
     (In thousands)  

Net operating loss carryforwards

   $ 47,444      $ 31,989  

Research and development tax credit carryforwards

     2,332        1,654  

Other

     4,147        2,369  
  

 

 

    

 

 

 

Total deferred tax assets

  53,923     36,012  

Less: Valuation allowance

  (53,923   (36,012
  

 

 

    

 

 

 

Net deferred tax assets

$ —     $ —    
  

 

 

    

 

 

 
Summary of Changes in Deferred Tax Asset Valuation Allowance

The table below summarizes changes in the deferred tax asset valuation allowance:

 

     Balance at
Beginning
of Year
     Changed to
Costs and
Expenses
     Write-offs      Balance at End
of Year
 
     (In thousands)  

Deferred tax valuation allowance:

           

For year ended December 31, 2012

   $ 19,153       $ 5,894       $ —         $ 25,047   

For year ended December 31, 2013

     25,047         10,965         —           36,012   

For year ended December 31, 2014

     36,012         17,911         —           53,923   
Total Balance of Unrecognized Gross Tax Benefits Resulting from R&D Credits Claimed

The total balance of unrecognized gross tax benefits for the years ended December 31, resulting from R&D credits claimed on the Company’s annual tax return was as follows:

 

     2014      2013      2012  
     (In thousands)  

Unrecognized tax benefits at beginning of year

   $ 551      $ 253      $ 267  

Additions (reductions) based on current year tax positions

     226        298        (14
  

 

 

    

 

 

    

 

 

 

Unrecognized tax benefits at end of year

$   777   $   551   $   253