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Common Stock Equity Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Option Activity
The following table summarizes the stock option activity for the year ended December 31, 2012:
 
 
Number
of options
 
Weighted
average
exercise
price
 
Weighted
average
remaining
contractual
term (years)
Outstanding at beginning of period
 
3,515,051

 
$
3.51

 
 
Options granted
 
672,079

 
8.10

 
 
Options exercised
 
(341,429
)
 
2.60

 
 
Options forfeited
 
(86,296
)
 
6.88

 
 
Options expired
 
(6,992
)
 
2.94

 
 
Outstanding at end of period
 
3,752,413

 
$
4.34

 
7.2
Options exercisable at end of period
 
2,571,041

 
$
3.34

 
6.7
Assumptions Used in Black-Scholes Pricing Model for New Grants
The following table summarizes options that were granted during the years ended December 31, 2012, 2011 and 2010, and the range of assumptions used to estimate the fair value of those stock options using a Black-Scholes valuation model:
 
 
Years Ended December 31,
 
 
2012
 
2011
 
2010
Number of options granted
 
672,079

 
664,323

 
1,297,738

Risk-free interest rate
 
0.98%-2.05%

 
0.1%-3.1%

 
2.3%-3.5%

Expected dividend yield
 

 

 

Expected volatility
 
63.0%-73.6%

 
62.6%-67.9%

 
59.8%-68.1%

Expected term (in years)
 
5.8-7.0

 
5.0-7.5

 
5.0-7.5

Weighted average grant-date fair value per share
 
$5.02
 
$7.12
 
$2.90