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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock-Based Compensation Expense
The following table summarizes stock-based compensation expense (in thousands):
 
Year ended December 31,
 
2013
 
2012
 
2011
Employee stock-based compensation in:
 
 
 
 
 
Cost of revenue
$
2,411

 
$
2,828

 
$
2,912

Research and development expense
4,431

 
6,151

 
6,618

Selling, general and administrative expense
9,160

 
9,449

 
10,798

Total stock-based compensation in operating expense
13,591

 
15,600

 
17,416

Total employee stock-based compensation recognized in income (loss) from continuing operations
$
16,002

 
$
18,428

 
$
20,328

Valuation Assumptions for Stock Options
The Company estimated the fair value of all employee stock options using a Black-Scholes valuation model with the following weighted average assumptions:
 
Employee Stock Options
 
2013
 
2012
 
2011
Expected term (in years)
4.70

 
4.70

 
4.75

Volatility
50
%
 
56
%
 
55
%
Risk-free interest rate
0.9
%
 
0.9
%
 
1.8
%
Dividend yield
0.0
%
 
0.0
%
 
0.0
%
Employee Stock Purchase Plan
The call option and put option were valued using the Black-Scholes option pricing model with the following assumptions:
 
Employee Stock Purchase Plan
 
2013
 
2012
 
2011
Expected term (in years)
0.50

 
0.50

 
0.50

Volatility
31
%
 
49
%
 
45
%
Risk-free interest rate
0.2
%
 
0.2
%
 
0.2
%
Dividend yield
0.0
%
 
0.0
%
 
0.0
%