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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
Summary of Restricted Stock Unit Activity

The following table summarizes RSU activity for the six months ended June 30, 2013:

 

           Weighted         
           Average Grant-         
     Number of     Date Fair      Aggregate  
     Units     Value      Intrinsic Value  

Units outstanding, beginning of period

     582,212      $ 5.42      

Granted

     641,179        8.86      

Released

     (149,137     5.29      

Forfeited

     (14,126     5.30      
  

 

 

      

Units outstanding, end of period

     1,060,128        7.52       $ 9,032,291   
  

 

 

      
Summary of the Company's Stock Options

The following table summarizes stock option activity for the six months ended June 30, 2013:

 

                  Average         
           Weighted      Remaining         
     Number of     Average      Contractual      Aggregate  
     options     Exercise Price      Life (years)      Intrinsic Value  

Options outstanding, beginning of period

     6,321,076      $ 6.05         

Granted

     —             

Exercised

     (902,314     4.48         

Expired / forfeited

     (127,124     5.78         
  

 

 

         

Options outstanding, end of period

     5,291,638        6.32         4.30       $ 13,573,609   
  

 

 

         

Exercisable at June 30, 2013

     4,747,679        6.52         4.03         11,450,150   
  

 

 

         

Expected to vest after June 30, 2013

     467,065        4.61         6.64         1,826,751   
  

 

 

         
Reported Share-Based Compensation

Share-based compensation was classified as follows:

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2013      2012      2013      2012  

Cost of products sold

   $ 49,436       $ 28,748       $ 83,868       $ 95,892   

Sales, general and administrative expenses

     826,735         426,231         1,557,239         973,364   

Research and development expenses

     143,129         134,629         301,534         278,406   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total share-based compensation

   $ 1,019,300       $ 589,608       $ 1,942,641       $ 1,347,662