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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2012
STOCKHOLDERS' EQUITY  
Schedule of warrants outstanding to purchase common stock and classified as equity

 

 

Issuance Date
  Exercise Price   Number of
Shares
  Exercisable Date   Expiration Date

November 2011

  $ 2.32     461,382   November 2011   November 2021

August 2011

  $ 3.98     537,893   August 2011   August 2021

September 2009

  $ 9.00     150,000   September 2009   September 2014

April 2005

  $ 3.75     470,000   April 2005   April 2015
                   

 

          1,619,275        
                   
Schedule of aggregate option and award activity

 

 

 
   
  Outstanding Options  
 
  Shares
Available
For Grant
  Number of
Shares
  Weighted Average
Exercise Price
Per Share
  Weighted Average
Remaining
Contractual Life
(In years)
  Aggregate
Intrinsic
Value
(In thousands)
 

Balance at December 31, 2011

    14,473,498     14,355,548   $ 5.51         $ 1  

Options granted

    (7,532,500 )   7,532,500   $ 1.51              

Awards granted

    (79,679 )     $              

Options exercised

        (417 ) $ 1.41              

Options canceled/forfeited

    4,076,125     (4,076,125 ) $ 4.50              

Awards canceled/forfeited

    2,620,327       $              
                             

Balance at December 31, 2012

    13,557,771     17,811,506   $ 4.05     5.82   $ 2  
                             

Options exercisable at December 31, 2012

          10,410,194   $ 5.49     3.45   $  
                               

Options fully vested and expected to vest at December 31, 2012

          17,160,377   $ 4.13     5.69   $ 2  
                               
Schedule of information about stock options outstanding by exercise price range

 

 

 
  Options Outstanding  
Exercise Price Range
  Number of
Shares
  Weighted Average
Exercise Price
Per Share
  Weighted Average
Remaining
Contractual Life
(In years)
 

$1.33 - $1.37

    27,000   $ 1.35     9.48  

$1.41 - $1.41

    4,664,229   $ 1.41     9.34  

$1.42 - $3.98

    4,478,988   $ 2.51     6.85  

$4.30 - $11.07

    8,641,289   $ 6.28     3.37  
                   

$1.33 - $11.07

    17,811,506   $ 4.05     5.82  
                   
Schedule of aggregate restricted stock activity

 

 

 
  Number of
Shares
  Weighted
Average
Grant Date
Fair Value
Per Share
  Weighted Average
Remaining
Contractual Term
(In years)
 

Non-vested restricted stock at December 31, 2011

    6,102,385   $ 4.28     1.70  

Granted

    79,679   $ 1.46        

Vested

    (643,775 ) $ 4.55        

Canceled/forfeited

    (2,620,327 ) $ 4.35        
                   

Non-vested restricted stock at December 31, 2012(1)

    2,917,962   $ 4.08     0.90  
                   

(1)
Includes 1,663,000 performance-based restricted stock awards that have not achieved certain strategic goals and 714,000 market-based restricted stock awards that have not achieved certain market price thresholds.
Summary of allocation of stock-based compensation expense related to share-based payment awards

 

 

 
  Year Ended December 31,  
 
  2012   2011   2010  
 
  (In thousands)
 

Research and development

  $ 2,336   $ 5,799   $ 6,625  

Restructuring charges

    107     174      

General and administrative

    2,868     9,276     7,093  
               

Stock-based compensation expense included in operating expenses

  $ 5,311   $ 15,249   $ 13,718  
               
Schedule of assumptions used to estimate the fair value of options granted

 

 

 
  2012   2011   2010

Dividend yield

  0%   0%   0%

Expected volatility range

  0.631 to 0.740   0.629 to 0.660   0.625 to 0.635

Risk-free interest rate range

  0.81% to 1.25%   0.88% to 2.37%   1.11% to 2.65%

Expected term

  6 yrs   5 yrs   5 yrs
Schedule of assumptions used to estimate the fair value of employee stock purchases under the Purchase Plan

 

 

 
  2012   2011   2010

Dividend yield

  0%   0%   0%

Expected volatility range

  0.458 to 0.774   0.278 to 0.584   0.468 to 0.995

Risk-free interest rate range

  0.06% to 0.21%   0.10% to 0.32%   0.18% to 0.54%

Expected term range

  6 mos to 12 mos   6 mos to 12 mos   6 mos to 12 mos
Schedule of common stock reserved for future issuance

 

 

Outstanding stock options

    17,811,506  

Options and awards available for grant

    13,557,771  

Employee stock purchase plan

    356,390  

Warrants outstanding

    1,619,275  
       

Total

    33,344,942