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401(k) Savings Plan
3 Months Ended
Mar. 31, 2013
Compensation And Retirement Disclosure [Abstract]  
401(k) Savings Plan

9. 401(k) Savings Plan

The Company has a defined contribution savings plan under Section 401(k) of the Internal Revenue Code. This 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. The Company elected to make matching contributions for the plan years ending December 31, 2013 and 2012 at a rate of 100% of each employee’s contribution up to a maximum matching contribution of 3% of the employee’s compensation and at a rate of 50% of each employee’s contribution in excess of 3% up to a maximum of 5% of the employee’s compensation.

Through March 31, 2013 and 2012, the Company made matching contributions of $664 and $550 for the plan years ended December 31, 2013 and 2012, respectively.