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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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 and six-month periods ended June 30, 2013 and 2012:

 

     Three Months Ended
June  30,
     Six Months Ended
June 30,
 
     2013      2012      2013      2012  
     (In thousands)  

Research and development

   $ 288      $ 507      $ 539      $ 758  

Selling, general and administrative

     768        2,255        1,477        3,222  
  

 

 

    

 

 

    

 

 

    

 

 

 

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

   $ 1,056      $ 2,762      $ 2,016      $ 3,980  
  

 

 

    

 

 

    

 

 

    

 

 

 
Schedule of Unvested Stock Option Awards

The following table summarizes the activity related to the Company’s restricted stock and RSU’s for the six-month period ended June 30, 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

     (866 )     2.39  

Forfeited

     (194 )     1.58  
  

 

 

   

 

 

 

Unvested at June 30, 2013

     1,412     $ 2.30  
  

 

 

   

 

 

 
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 and six-month periods ended June 30, 2013 and 2012 were as follows:

 

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

Weighted-average volatility

     107.4 %     95 %     106.9     94

Weighted-average risk-free interest rate

     0.9 %     0.8 %     0.8     1.0

Weighted-average expected life in years

     5.0       4.9       4.9       5.4  

Dividend yield

     0.0 %     0.0 %     0.0     0.0

Weighted-average grant date fair value per share

   $ 0.56     $ 0.60     $ 0.73     $ 1.27  
Schedule of Stock Option Activity

The following table summarizes the activity related to the Company’s stock options for the six-month period ended June 30, 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

     1,290       0.95        —           —     

Exercised

     —          —           —           —     

Cancelled

     (626 )     3.33        —           —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding at June 30, 2013

   $ 4,691     $ 4.24        7.83      $ —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at June 30, 2013

     2,200     $ 5.89        6.41      $ —    
  

 

 

   

 

 

    

 

 

    

 

 

 
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 six-month period ended June 30, 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 June 30, 2013

     872     $ 3.60        8.57      $ —    
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at June 30, 2013

     476     $ 3.73        8.35      $ —