Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.8
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of computation of basic and diluted net loss per share

The following table sets forth the computation of basic and diluted net loss per share (in thousands except per share amounts):

 
   Year Ended December 31,  
 
   2013   2012   2011  

EPS Numerator:

                    

Net loss

   $ (89,027 ) $ (98,840 ) $ (85,973 )
               
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EPS Denominator—Basic:

                    

Weighted-average common shares outstanding

     87,288     74,967     63,329  
               
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EPS Denominator—Diluted:

                    

Weighted-average common shares outstanding

     87,288     74,967     63,329  

Dilutive effect of stock options, shares under ESPP and warrant

     —     —     —  
               
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Weighted-average shares outstanding and common stock equivalents

     87,288     74,967     63,329  
               
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Net loss per common share:

                    

Basic and diluted

   $ (1.02 ) $ (1.32 ) $ (1.36 )
               
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Schedule of antidilutive securities

These securities consist of the following (in thousands except per share data):

 
   December 31,  
 
   2013   2012   2011  

Outstanding options

     15,532     13,604     11,749  

Warrant

     200     200     200  

Weighted average exercise price of options

   $ 10.55   $ 11.52   $ 12.07  

Weighted average exercise price of warrant

   $ 6.61   $ 6.61   $ 6.61