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Grant Agreement
9 Months Ended
Sep. 30, 2013
Grant Agreement  
Grant Agreement

10.       Grant Agreement

 

In April 2013, the Company entered into a grant agreement with the state of Delaware under which the Company is entitled to receive a grant of up to approximately $11.0 million primarily related to the retention and expansion of its workforce in the state of Delaware. The Company received $5.0 million of the proceeds for this grant in the nine months ended September30, 2013 and expects to receive the remaining proceeds by the end of 2013. The $5.0 million of cash received during the nine months ended September 30, 2013 was recorded within other liabilities on the condensed consolidated balance sheets and is being recognized ratably within interest and other income, net on the condensed consolidated statements of operations over the estimated performance period of the grant.