Redeemable Convertible Preferred Stock (Tables)

3 Months Ended

Mar. 31, 2015

The following table presents a summary of activity for the preferred stock issued and outstanding for the three months ended March 31, 2014 (in thousands):



	Series A		Series B		Series C		Series C-1		Series D		Series E		Total Amount
Balance, December 31, 2013	$	2,559	$	22,918	$	24,749	$	5,401	$	62,716	$	—	$	118,343
Issuance of preferred stock	—		—		—		—		—		77,000		77,000
Accretion of dividends on preferred stock	33		317		409		94		1,204		548		2,605
Balance, March 31, 2014	$	2,592	$	23,235	$	25,158	$	5,495	$	63,920	$	77,548	$	197,948

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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