Reverse Stock Split

12 Months Ended

Dec. 31, 2014

Reverse Stock Split

Reverse Stock Split

Reverse Stock Split

On June 28, 2013, our Board of Directors approved a reverse stock split of our common stock at a ratio of 1-for-4, causing each four outstanding shares of Class A Common Stock and Class B Common Stock to convert automatically into one share of Class A Common Stock or Class B Common Stock, respectively. The par value of Class A Common Stock and Class B Common Stock remains $0.01 per share. The reverse split became effective on July 1, 2013. Stockholders' equity has been restated to give retroactive recognition to the reverse split for all periods presented by reclassifying the excess par value resulting from the reduced number of shares from common stock to paid-in capital. Except as otherwise noted, all references to common share and per common share amounts (including warrant shares, shares reserved for issuance and applicable exercise prices) for all periods presented have been retroactively restated to reflect this reverse split.