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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Activity Under Equity Incentive Plans Related to Stock Options

Activity under the Company’s equity incentive plans related to stock options is set forth below (in thousands except weighted average exercise price):

 

     Number of
Options
Outstanding
    Weighted Average
Exercise Price per
Share
 

Balances at December 31, 2010

     7,007      $ 6.42   

Granted

     2,169        2.36   

Forfeited

     (465     2.45   

Expired

     (1,237     11.52   

Exercised

     (112     0.81   
  

 

 

   

Balances at December 31, 2011

     7,362      $ 4.70   

Granted

     1,782        3.68   

Forfeited

     (98     2.78   

Expired

     (386     30.44   

Exercised

     (156     1.30   
  

 

 

   

Balances at December 31, 2012

     8,504      $ 3.40   

Granted

     2,621        3.82   

Forfeited

     (234     3.13   

Expired

     (189     6.71   

Exercised

     (297     3.14   
  

 

 

   

Balances at December 31, 2013

     10,405      $ 3.46   
  

 

 

   
Information Regarding Stock Options Outstanding Stock Options Vested and Expected to Vest and Stock Options Exercisable

Information regarding the Company’s stock options outstanding, stock options vested and expected to vest, and stock options exercisable at December 31, 2013 was as follows (in thousands except weighted average exercise price and contractual term):

 

     Number
of Shares
     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term (Years)
     Aggregate
Intrinsic
Value
 

Balances at December 31, 2013

           

Stock options outstanding

     10,405       $ 3.46         6.34       $ 32,724   

Stock options vested and expected to vest

     10,028       $ 3.45         6.25       $ 31,730   

Stock options exercisable

     6,589       $ 3.43         5.05       $ 21,555   
Activity Under Equity Incentive Plans Related to Restricted Stock Units

Activity under the Company’s equity incentive plans related to restricted stock units is set forth below:

 

     Number
of RSUs
    Weighted Average
Grant-Date Fair
Value
 

Balances at December 31, 2010

     88,400      $ 2.54   

Granted

            0.00   

Forfeited

     (17,727     1.85   

Vested

     (37,378     3.48   
  

 

 

   

Balances at December 31, 2011

     33,295      $ 1.85   

Granted

     2,000        3.03   

Forfeited

            0.00   

Vested

     (18,650     1.98   
  

 

 

   

Balances at December 31, 2012

     16,645      $ 1.85   

Granted

            0.00   

Forfeited

            0.00   

Vested

     (16,645     1.85   
  

 

 

   

Balances at December 31, 2013

          $   
  

 

 

   
Recognition of Stock-Based Compensation Expense

Stock-based compensation expense recognized on the Company’s consolidated statements of operations for the years ended December 31, 2013, 2012 and 2011, was as follows (in thousands):

 

     Year Ended December 31,  
     2013      2012      2011  

Stock-based compensation expense by caption:

        

Research and development

   $ 482       $ 554       $ 450   

Selling, general and administrative

     2,786         1,987         1,400   
  

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense

   $ 3,268       $ 2,541       $ 1,850   
  

 

 

    

 

 

    

 

 

 
Weighted Average Assumptions Used to Value Stock-Based Awards

The weighted average assumptions used to value the Company’s stock-based awards for the years ended December 31, 2013, 2012 and 2011, was as follows:

 

     Year Ended December 31,  
     2013     2012     2011  

Stock Options:

      

Expected term (in years)

     5.59        5.54        5.30   

Estimated volatility

     60     67     68

Risk-free interest rate

     0.87     1.03     1.23

Expected dividend yield

     0     0     0

Employee Stock Purchase Plan Rights:

      

Expected term (in years)

     0.50        0.50        0.50   

Estimated volatility

     39     101     48

Risk-free interest rate

     0.10     0.14     0.08

Expected dividend yield

     0     0     0