Subsequent Events

6 Months Ended

Jun. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On July 23, 2014, the Company entered into an underwriting agreement in which the Company agreed to issue and sell an aggregate of 4,800,000 shares of its common stock to the underwriters. The shares were sold at a public offering price of $10.50 per share, and were purchased by the underwriters from the Company at a price of $9.87 per share. Under the terms of the underwriting agreement, the Company granted the underwriters an option for 30 days to purchase up to an additional 720,000 shares of the Company's common stock. On July 23, 2014, the underwriters partially exercised their option to purchase an additional 595,000 shares of the Company's common stock.

Net proceeds from the offering, including the proceeds from the additional 595,000 shares that were purchased by the underwriters following the partial exercise of their option, was approximately $53.1 million, after deducting the underwriters’ discounts, commissions and estimated offering expenses payable by the Company.