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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of components of restricted cash

 

 

 

September 30,

 

December 31,

 

(In thousands)

 

2013

 

2012

 

Certificate of deposit for unused equipment line of credit

 

$

530

 

$

530

 

Certificate of deposit for credit card purchases

 

265

 

264

 

 

 

$

795

 

$

794

Summary of allocation of stock-based compensation expense related to share-based payment awards

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

(In thousands)

 

2013

 

2012

 

2013

 

2012

 

Research and development

 

$

483

 

$

594

 

$

1,394

 

$

1,861

 

Restructuring charges

 

 

 

28

 

 

General and administrative

 

739

 

669

 

2,034

 

2,155

 

Stock-based compensation expense included in operating expenses

 

$

1,222

 

$

1,263

 

$

3,456

 

$

4,016

Schedule of assumptions used to estimate the fair value of stock options granted

 

 

 

 

Nine Months Ended September 30,

 

 

 

2013

 

2012

 

Dividend yield

 

None

 

None

 

Expected volatility range

 

0.742 to 0.759

 

0.631 to 0.726

 

Risk-free interest rate range

 

0.80% to 1.81%

 

0.81% to 1.25%

 

Expected term

 

6 yrs

 

6 yrs

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

 

 

 

 

Nine Months Ended September 30,

 

 

 

2013

 

2012

 

Dividend yield

 

None

 

None

 

Expected volatility range

 

0.506 to 1.391

 

0.458 to 0.774

 

Risk-free interest rate range

 

0.09% to 0.21%

 

0.06% to 0.21%

 

Expected term range

 

6 - 12 mos

 

6 - 12 mos