Redeemable Convertible Preferred Stock (Tables)

6 Months Ended

Jun. 30, 2014

Redeemable Convertible Preferred Stock

Schedule of issuances of redeemable convertible preferred stock

Issue Date	Series	Purchase Price per Share		Number of Shares	Conversion Price per Share
June 2009	Series A	$	1.27	10,033,976	$	1.27
February 2010	Series B	$	4.46	5,057,901	$	4.46
March 2011	Series C	$	7.34	4,429,601	$	7.34
March 2012	Series D	$	7.81	3,339,902	$	7.81
January 2013	Series D	$	7.81	639,828	$	7.81

Schedule of activity for the redeemable convertible preferred stock issued and outstanding

The following table presents a summary of activity for the redeemable convertible preferred stock issued and outstanding for the periods presented below (in thousands):

	Redeemable Convertible Preferred Stock
	Series A			Series B			Series C			Series D			Total Amount
Balance, December 31, 2013	$	12,384		$	22,210		$	32,405		$	31,048		$	98,047
Accretion of issuance costs on redeemable convertible preferred stock	36			36			12			5			89
Conversion of preferred stock into common stock	(12,420		)	(22,246		)	(32,417		)	(31,053		)	(98,136		)
Balance, June 30, 2014	$	—		$	—		$	—		$	—		$	—

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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