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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Activity of Allowance for Doubtful Accounts

The following table shows the activity of the allowance for doubtful accounts:

 

     June 30,
2013
    December 31,
2012
 
     (in thousands)  

Beginning balance

   $ 286      $ 378   

Charges to costs and expenses

     54        (54

Accounts charged off, less recoveries

     (130     (38
  

 

 

   

 

 

 

Ending balance

   $ 210      $ 286   
  

 

 

   

 

 

 
Inventories

Inventories are composed of the following:

 

     June 30,
2013
     December 31,
2012
 
     (in thousands)  

Raw materials

   $ 20,220       $ 21,267   

Work in progress

     20,706         20,787   

Finished goods

     2,829         5,300   
  

 

 

    

 

 

 
   $ 43,755       $ 47,354   
  

 

 

    

 

 

 
Property and Equipment

Property and equipment consisted of the following:

 

     June 30,
2013
    December 31,
2012
 
     (in thousands)  

Land and land improvements

   $ 4,133      $ 4,133   

Buildings

     30,428        30,364   

Machinery, equipment and tooling

     106,857        103,477   

Leasehold improvements

     7,696        7,696   

Furniture and fixtures

     941        941   

Information systems

     1,070        1,070   

Construction in progress

     16,674        17,712   
  

 

 

   

 

 

 

Total cost

     167,799        165,393   

Accumulated depreciation and amortization

     (51,459     (45,543
  

 

 

   

 

 

 

Property and equipment, net

   $ 116,340      $ 119,850   
  

 

 

   

 

 

 
Anti-Dilutive Securities Excluded From Calculation of Diluted Net Loss Per Share

At June 30, 2013 and 2012, the Company had the following anti-dilutive securities outstanding which were excluded from the calculation of diluted net loss per share:

 

     June 30,
2013
     June 30,
2012
 

Warrants

     133,718         177,153   

Stock options

     254,350         326,343   
  

 

 

    

 

 

 

Total

     388,068         503,496   
  

 

 

    

 

 

 
Components of Comprehensive Income (Loss)

The following table summarizes the components of comprehensive income (loss):

 

     June 30,
2013
    December 31,
2012
 
     (in thousands)  

Unrealized (loss) gain on investments

     (27     457   

Unrealized loss on currency translation

     (11     (10
  

 

 

   

 

 

 

Ending Balance

   $ (38   $ 447