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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2013
Schedule of Stock-Based Compensation by Expense Category

The following table summarizes the components of share-based compensation expense in the consolidated statements of operations for the three-month periods ended March 31, 2013 and 2012:

 

     Three Months Ended
March  31,
 
     2013      2012  
     (In thousands)  

Research and development

   $ 252       $ 255   

Selling, general and administrative

     708         963   
  

 

 

    

 

 

 

Total non-cash compensation expense related to share-based compensation included in operating expense

   $ 960       $ 1,218   
  

 

 

    

 

 

 
Schedule of Unvested Stock Option Awards

The following table summarizes the activity related to the Company’s restricted stock and RSU’s for the three-month period ended March 31, 2013:

 

     Number of
Shares
    Weighted-Average
Grant Date
Fair Value
Per Share
 
     (Shares in thousands)  

Unvested at December 31, 2012

     1,830      $ 2.74   

Granted

     642        0.94   

Vested

     (611     2.58   

Forfeited

     (32     1.58   
  

 

 

   

 

 

 

Unvested at March 31, 2013

     1,829      $ 2.18   
  

 

 

   

 

 

 

Stock Option
 
Schedule of Weighted-Average Key Assumptions Used in Determining Fair Value of Stock Option Awards

The weighted-average key assumptions used in determining the fair value of stock options granted for the three-month periods ended March 31, 2013 and 2012 were as follows:

 

     Three Months Ended
March 31,
 
     2013     2012  

Weighted-average volatility

     106.9     94

Weighted-average risk-free interest rate

     0.8     1.1

Weighted-average expected term in years

     4.9        5.7   

Dividend yield

     0.0     0.0

Weighted-average grant date fair value

   $ 0.73      $ 1.68   
Schedule of Stock Option Activity

The following table summarizes the activity related to the Company’s stock options for the three-month period ended March 31, 2013:

 

     Number of
Shares
    Weighted-
Average
Exercise
Price Per Share
     Weighted-
Average
Remaining
Contractual
Term (in yrs)
     Aggregate
Intrinsic
Value of
In-the-Money
Options
 
     (In thousands, except weighted-average data)  

Outstanding at December 31, 2012

     4,027      $ 5.16         7.76       $ 208   

Granted

     1,275        0.95         —           —     

Exercised

     —          —           —           —     

Cancelled

     (485     3.42         —           —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding at March 31, 2013

   $ 4,817      $ 4.22         8.09       $ 56   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at March 31, 2013

     1,994      $ 6.26         6.39       $ 23  
  

 

 

   

 

 

    

 

 

    

 

 

 

Stock Options That Contain Performance And Market-Based Conditions
 
Schedule of Stock Option Activity

The following table summarizes the activity related to the Company’s performance options for the three-month period ended March 31, 2013:

 

     Number of
Shares
    Weighted-
Average
Exercise
Price Per Share
     Weighted-
Average
Remaining
Contractual
Term (in yrs)
     Aggregate
Intrinsic
Value of
In-the-Money
Options
 
     (In thousands, except weighted-average data)  

Outstanding at December 31, 2012

     953      $ 3.73         9.30       $ 74   

Granted

     —          —           —           —     

Exercised

     —          —           —           —     

Cancelled

     (81     5.14         —           —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding at March 31, 2013

     872      $ 3.60         8.82       $ 36   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at March 31, 2013

     476      $ 3.73         8.60       $ —