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Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2013
Summarizes Activity of the Product Revenue Allowance and Reserve Categories | The following table summarizes activity in each of the product revenue allowance and reserve categories described above for the quarter ended March 31, 2013 (in thousands):
|  | Trade Allowances |  |  | Rebates, Chargebacks and Discounts |  |  | Product Returns |  |  | Other Incentives |  |  | Total |
Balance at January 28, 2013 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Provision related to current period and deferred sales |  |  | 1,073 |  |  |  | 259 |  |  |  | 72 |  |  |  | 830 |  |  |  | 2,234 |
Credits/payments made for current period and deferred sales |  |  | (566 | ) |  |  | (3 | ) |  |  | — |  |  |  | (209 | ) |  |  | (779 | )
Balance at March 31, 2013 |  | $ | 507 |  |  | $ | 256 |  |  | $ | 72 |  |  | $ | 620 |  |  | $ | 1,455 |
Revenue Recognized and Deferred | The following table summarizes revenue recognized and deferred during the quarter ended March 31, 2013 (in thousands):
|  | March 31, 2013 |  |  | December 31, 2012 |
Revenue recognized |  | $ | 2,341 |  |  | $ | — |
Deferred revenue |  |  | 2,865 |  |  |  | — |
|  | $ | 5,206 |  |  | $ | — |
Expensed and Capitalized Cost of Goods | In conjunction with the Company’s recognition and deferral of revenues, the Company expensed and capitalized the associated cost of goods, as follows, during the quarter ended March 31, 2013 (in thousands):
|  | March 31, 2013 |  |  | December 31, 2012 |
Cost of goods sold expensed |  | $ | 1,287 |  |  | $ | — |
Finished goods inventory held by others |  |  | 1,422 |  |  |  | — |
|  | $ | 2,709 |  |  | $ | — |
Assets and Liability Measured at Fair Value on a Recurring Basis | The following table presents information about the Company’s assets and liabilities as of March 31, 2013 and December 31, 2012 that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:
|  | March 31, 2013 |
In millions |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Asset: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents—money markets |  | $ | 41.4 |  |  | $ | 41.4 |  |  | $ | — |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant derivative liability |  | $ | 49.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 49.0 |
Long term debt redemption feature |  | $ | 15.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 15.6 |
Foreign currency contracts |  | $ | 0.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.7 |
|  | December 31, 2012 |
In millions |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Asset: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents—money markets |  | $ | 64.1 |  |  | $ | 64.1 |  |  | $ | — |  |  | $ | — |
Liability: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant derivative liability |  | $ | 54.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 54.9 |
Long term debt redemption feature |  | $ | 14.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 14.6 |
Change in Fair Value of Warrant Derivative Liabilities | The change in the fair value of the warrant derivative liability is as follows (in thousands):
|  | October 2009 Warrants |  |  | Debt Redemption Feature |  |  | Foreign Exchange Contracts |  |  | Totals |
Balance at December 31, 20 11 |  | $ | 123,125 |  |  | $ | — |  |  | $ | — |  |  | $ | 123,125 |
Loss on change in fair value of derivative liability |  |  | 66,209 |  |  |  | — |  |  |  | — |  |  |  | 66,209 |
Compensation expense for change in fair value of warrants issued to former employees |  |  | 2,374 |  |  |  |  |  |  |  |  |  |  |  | 2,374 |
Transfers to equity |  |  | (321 | ) |  |  | — |  |  |  | — |  |  |  | (321 | )
Balance at March 31, 201 2 |  | $ | 191,387 |  |  | $ | — |  |  | $ | — |  |  | $ | 191,387 |
|  | October 2009 Warrants |  |  | Debt Redemption Feature |  |  | Foreign Exchange Contracts |  |  | Totals |
Balance at December 31, 20 12 |  | $ | 54,854 |  |  | $ | 14,576 |  |  | $ | — |  |  | $ | 69,430 |
(Gain) loss on change in fair value of derivative liabilities |  |  | (5,392 | ) |  |  | 1,024 |  |  |  | 748 |  |  |  | (3,620 | )
Compensation income for change in fair value of warrants issued to former employees |  |  | (451 | ) |  |  |  |  |  |  |  |  |  |  | (451 | )
Transfers to equity |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance at March 31, 201 3 |  | $ | 49,011 |  |  | $ | 15,600 |  |  | $ | 748 |  |  | $ | 65,359 |

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- Definition Tabular disclosure related to assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a recurring and/or nonrecurring basis in periods after initial recognition. Disclosures include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3) as well as transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a,b,bb) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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