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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2013
Information about Fair Value of Company's Marketable Securities

The following table presents information about the Company’s marketable securities as of December 31, 2012 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:

 

     December 31, 2012  
In thousands        Total              Level 1              Level 2              Level 3      

Marketable securities

   $ 45,035       $ —         $ 45,035       $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 
Changes in Fair Value of Warrant Liability

The changes in the fair value of the warrant liability for the years ended December 31, 2012 and 2011 were as follows:

 

In thousands    2012     2011  

Balance, beginning of the year:

   $ 58,639      $ 28,815   

Issuance of warrants

     —          —     

Revaluation of warrants

     15,924        46,715   

Exercise of warrants

     (74,563     (16,891
  

 

 

   

 

 

 

Balance, end of year

   $ —        $ 58,639