XML 48 R29.htm IDEA: XBRL DOCUMENT v2.4.1.9
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Computation of Basic and Diluted Net Loss per Share

The following table sets forth the reconciliation of the numerator and denominator used in the computation of basic and diluted net loss per share for the years ended December 31, 2014, 2013 and 2012 (in thousands, except per share amounts):

 

     Year Ended December 31,  
     2014     2013     2012  

Numerator for Basic and Diluted:

      

Net loss used for basic calculation

   $ (38,755   $ (43,337   $ (15,917

Effect of revaluation of warrant liability

     (7,708     0        (2,059
  

 

 

   

 

 

   

 

 

 

Adjusted net loss used for dilution calculation

   $ (46,463   $ (43,337   $ (17,976
  

 

 

   

 

 

   

 

 

 

Denominator:

      

Basic weighted average number of shares outstanding

     74,767        67,569        54,515   

Effect of dilutive potential shares

     1,767        0        546   
  

 

 

   

 

 

   

 

 

 

Diluted weighted average number of shares outstanding

     76,534        67,569        55,061   
  

 

 

   

 

 

   

 

 

 

Net loss per share:

      

Basic

   $ (0.52   $ (0.64   $ (0.29

Diluted

   $ (0.61   $ (0.64   $ (0.33
Anti-Dilutive Effect of Common Shares

The table below presents shares underlying stock options, employee stock purchase plan rights, warrants, restricted stock units and/or convertible preferred stock that were excluded from the calculation of the weighted average number of shares outstanding used for the calculation of diluted net loss per share. These were excluded from the calculation due to their anti-dilutive effect for the years ended December 31, 2014, 2013 and 2012 (shares in thousands):

 

     Year Ended December 31,  
     2014      2013      2012  

Weighted average number of anti-dilutive potential shares

     11,722         16,370         8,716