XML 54 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2013
Option Activity under Stock-Based Compensation Plans

Option activity under our stock-based compensation plans during the nine months ended September 30, 2013 was as follows (in thousands except per share amounts):

 

 

Shares Underlying
Outstanding Options

 

 

Weighted-Average
Exercise Price Per Share

 

  

Weighted-Average
Remaining
Contractual Term
(years)

 

  

Aggregate
Intrinsic
Value

 

Balance as of December 31, 2012             

 

  13,806

  

 

$

  3.38

  

  

 

 

 

  

 

 

 

Options granted             

 

  5,542

  

 

 

  2.71

  

  

 

 

 

  

 

 

 

Options exercised             

 

(74

) 

 

 

  1.41

  

  

 

 

 

  

 

 

 

Options cancelled:

 

 

 

 

 

 

 

  

 

 

 

  

 

 

 

Options forfeited (unvested)             

 

(2,028

) 

 

 

  3.33

  

  

 

 

 

  

 

 

 

Options cancelled (vested)             

 

(381

) 

 

 

  3.56

  

  

 

 

 

  

 

 

 

Balance as of September 30, 2013             

 

  16,865

  

 

$

  3.17

  

  

 

  5.35

  

  

$

  310

  

Vested and expected to vest as of September 30, 2013             

 

  16,272

  

 

$

  3.18

  

  

 

  4.97

  

  

$

  310

  

Exercisable as of September 30, 2013             

 

  10,977

  

 

$

  3.35

  

  

 

  3.37

  

  

$

  307

  

 

Summary of Restricted Stock Units Activity

Restricted stock unit activity under our stock-based compensation plans during the nine months ended September 30, 2013 was as follows (in thousands except per share amounts):

 

 

Number of
Shares

 

 

Weighted-Average
Grant-Date Fair
Value

 

Balance as of December 31, 2012             

 

  1,755

  

 

$

  4.23

  

Granted             

 

  250

  

 

 

  1.23

  

Vested             

 

  

 

 

  

Forfeited or expired             

 

(230

) 

 

 

  4.23

  

Balance as of September 30, 2013             

 

  1,775

  

 

$

  3.81

  

 

Fair Value-Based Measurements and Weighted-Average Assumptions

The fair value-based measurements and weighted-average assumptions used in the calculations of these measurements are as follows:

 

 

Stock Options

 

 

Stock Options

 

 

Employee Stock
Purchase Plan

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

2013

 

 

2012

 

 

2013

 

 

2012

 

 

2013

 

 

2012

 

Weighted-average fair value             

$

  1.15

  

 

$

  3.34

  

 

$

  2.43

  

 

$

  3.30

  

 

$

  0.93

  

 

$

  3.80

  

Risk-free interest rate             

 

  1.9

%

 

 

  0.6

%

 

 

  1.1

%

 

 

  0.5

%

 

 

  0.2

%

 

 

  0.2

%

Expected life (in years)             

 

  5.6

  

 

 

  4.0

  

 

 

  5.9

  

 

 

  4.0

  

 

 

  1.3

  

 

 

  1.0

  

Volatility             

 

  1.5

  

 

 

  1.6

  

 

 

  1.4

  

 

 

  1.6

  

 

 

  0.8

  

 

 

  1.6

  

 

Stock-Based Compensation Expense

The components of stock-based compensation expense were (in thousands):

 

 

Three Months Ended
September 30,

 

  

Nine Months Ended
September 30,

 

 

2013

 

  

2012

 

  

2013

 

  

2012

 

Research and development             

$

  1,001

  

  

$

  824

  

  

$

  3,351

  

  

$

  2,565

  

General and administrative             

 

  1,844

  

  

 

  1,079

  

  

 

  7,496

  

  

 

  3,729

  

Total             

$

  2,845

  

  

$

  1,903

  

  

$

  10,847

  

  

$

  6,294