Temporary Equity

12 Months Ended

Dec. 31, 2015

Temporary Equity

Temporary Equity

10. Temporary Equity

        Temporary equity includes securities that: (1) have redemption features that are outside our control; (2) are not classified as an asset or liability; (3) are excluded from permanent stockholders' equity; and (4) are not mandatorily redeemable. Amounts included in temporary equity relate to securities that are redeemable at a fixed or determinable price.

        Components comprising the carrying value of temporary equity include the following (in thousands):

	As of December 31, 2015		As of December 31, 2014
Reclassification of Equity Component(1)	$	213	$	12,336
Common stock subject to repurchase(2)		10,882		10,882
Total	$	11,095	$	23,218

(1)	Represents the reclassification of the Equity Component equal to the unamortized debt discount of our Convertible Notes as of December 31, 2015 and 2014, respectively, from additional paid-in capital to temporary equity. Our Convertible Notes were convertible at the election of their holders as noted above in Note 8—Debt—Convertible Notes Due 2016.
(2)	In connection with our license agreement with Toray Industries Inc. (Toray), we issued 200,000 shares of our common stock (which have since split into 400,000 shares) to Toray in 2007, and provided Toray the right to require us to repurchase the shares at a price of $27.21 per share.