2014 Q1 Form 10-K Financial Statement

#000114420414014965 Filed on March 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2012 Q4 2012 Q3
Revenue $7.462M $4.567M $5.765M
YoY Change 94.68% -21.86% 15.12%
Cost Of Revenue $3.021M $2.000M $3.838M
YoY Change 76.46% -37.5% 75.25%
Gross Profit $4.441M $2.600M $1.927M
YoY Change 109.38% 0.0% -31.62%
Gross Profit Margin 59.51% 56.93% 33.43%
Selling, General & Admin $4.300M $2.500M $2.100M
YoY Change 48.28% 0.0% -22.22%
% of Gross Profit 96.83% 96.15% 108.98%
Research & Development $14.52M $9.600M $6.642M
YoY Change 56.85% 118.18% 64.04%
% of Gross Profit 326.91% 369.23% 344.68%
Depreciation & Amortization $1.000M $500.0K $400.0K
YoY Change 150.0% 25.0% 0.0%
% of Gross Profit 22.52% 19.23% 20.76%
Operating Expenses $14.52M $12.10M $6.642M
YoY Change 56.85% 75.36% 64.04%
Operating Profit -$14.39M -$9.500M -$6.849M
YoY Change 43.78% 120.93% 72.61%
Interest Expense $52.00K $1.400M $6.000K
YoY Change 136.36% 180.0% 200.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income -$13.81M -$8.000M -$7.217M
YoY Change 38.39% 116.22% 124.69%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$13.81M -$8.000M -$7.217M
YoY Change 38.16% 116.22% 124.69%
Net Earnings / Revenue -185.07% -175.17% -125.19%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.327M -$1.194M -$1.075M
COMMON SHARES
Basic Shares Outstanding 209.1M shares 147.9M 133.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $112.8M $44.10M $28.40M
YoY Change 154.63% 140.98% 44.9%
Cash & Equivalents $109.9M $17.40M $10.74M
Short-Term Investments $2.900M $26.70M $17.70M
Other Short-Term Assets $504.0K $171.0K $235.0K
YoY Change -43.12% -89.02% -91.61%
Inventory
Prepaid Expenses $4.626M $2.559M $2.807M
Receivables $4.466M $1.011M $2.469M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $128.9M $50.41M $36.48M
YoY Change 149.16% 93.07% 38.72%
LONG-TERM ASSETS
Property, Plant & Equipment $14.27M $11.46M $9.815M
YoY Change 22.84% 67.07% 30.87%
Goodwill $58.62M $33.14M $33.14M
YoY Change 76.88% 0.0%
Intangibles $15.92M $0.00
YoY Change
Long-Term Investments $6.200M
YoY Change
Other Assets $159.0K $351.0K $350.0K
YoY Change -54.57% -25.16% 75.0%
Total Long-Term Assets $89.73M $51.94M $44.06M
YoY Change 90.98% 28.34% 8.0%
TOTAL ASSETS
Total Short-Term Assets $128.9M $50.41M $36.48M
Total Long-Term Assets $89.73M $51.94M $44.06M
Total Assets $218.6M $102.3M $80.55M
YoY Change 121.47% 53.73% 20.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.018M $3.228M $2.203M
YoY Change 84.91% 22.04% -8.21%
Accrued Expenses $8.208M $7.275M $6.031M
YoY Change 40.5% 60.67% 54.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 -$157.0K $0.00
YoY Change 685.0%
Long-Term Debt Due $1.000M $200.0K $200.0K
YoY Change 150.0%
Total Short-Term Liabilities $13.72M $11.68M $10.44M
YoY Change 48.22% 54.04% 55.84%
LONG-TERM LIABILITIES
Long-Term Debt $1.100M $1.000M $1.000M
YoY Change -26.67% 233.33% 233.33%
Other Long-Term Liabilities $1.562M $7.700M
YoY Change -84.98% 42.59%
Total Long-Term Liabilities $1.562M $0.00 $8.700M
YoY Change -86.87% -100.0% 52.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.72M $11.68M $10.44M
Total Long-Term Liabilities $1.562M $0.00 $8.700M
Total Liabilities $27.54M $22.11M $19.17M
YoY Change 30.29% 73.69% 53.36%
SHAREHOLDERS EQUITY
Retained Earnings -$424.0M -$358.2M -$350.1M
YoY Change 15.16% 8.65%
Common Stock $2.097M $1.484M $1.360M
YoY Change 38.23% 26.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.450M $2.450M $2.450M
YoY Change 0.0% 0.0%
Treasury Stock Shares 455.4K shares 455.4K shares $455.4K
Shareholders Equity $191.1M $80.24M $61.38M
YoY Change
Total Liabilities & Shareholders Equity $218.6M $102.3M $80.55M
YoY Change 121.47% 53.73% 20.04%

Cashflow Statement

Concept 2014 Q1 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income -$13.81M -$8.000M -$7.217M
YoY Change 38.16% 116.22% 124.69%
Depreciation, Depletion And Amortization $1.000M $500.0K $400.0K
YoY Change 150.0% 25.0% 0.0%
Cash From Operating Activities -$20.43M -$3.200M -$4.700M
YoY Change 93.05% 14.29% 38.24%
INVESTING ACTIVITIES
Capital Expenditures -$900.0K -$2.100M -$1.100M
YoY Change -40.0% 950.0% 450.0%
Acquisitions
YoY Change
Other Investing Activities $10.60M -$15.00M -$6.200M
YoY Change -411.76% -1600.0% -258.97%
Cash From Investing Activities $9.701M -$17.20M -$7.300M
YoY Change -295.03% -2250.0% -302.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $26.90M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.170M 27.00M 7.400M
YoY Change -83.71% 1400.0% 722.22%
NET CHANGE
Cash From Operating Activities -$20.43M -3.200M -4.700M
Cash From Investing Activities $9.701M -17.20M -7.300M
Cash From Financing Activities $1.170M 27.00M 7.400M
Net Change In Cash -$9.560M 6.600M -4.600M
YoY Change 14.14% -3400.0% -518.18%
FREE CASH FLOW
Cash From Operating Activities -$20.43M -$3.200M -$4.700M
Capital Expenditures -$900.0K -$2.100M -$1.100M
Free Cash Flow -$19.53M -$1.100M -$3.600M
YoY Change 115.03% -57.69% 12.5%

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3343325 shares
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15171000 USD
CY2012Q4 us-gaap Commercial Paper At Carrying Value
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CY2013Q4 us-gaap Commitments And Contingencies
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CY2012Q4 us-gaap Common Stock Shares Authorized
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200000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
209110744 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
148398747 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
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CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
147943317 shares
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
2091000 USD
CY2012Q4 us-gaap Common Stock Value
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CY2013 us-gaap Comprehensive Income Net Of Tax
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CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-19304000 USD
CY2013 us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
-200000 USD
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h3 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 24px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Concentration of Credit Risk</h3> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Financial instruments, which possibly expose the Company to concentration of credit risk, consist primarily of cash and cash equivalents and investments. The Company&#39;s investment policy limits investments to certain types of instruments, including auction rate securities, high-grade corporate debt securities and money market instruments, places restrictions on maturities and concentrations in certain industries and requires the Company to maintain a certain level of liquidity. At times, the Company maintains cash balances in financial institutions, which may exceed federally insured limits. The Company has not experienced any losses relating to such accounts and believes it is not exposed to a significant credit risk on its cash and cash equivalents. As discussed below, the fair value of investments is based upon Level 1 and 2 data.</p> <!--EndFragment--></div> </div>
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8222000 USD
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17708000 USD
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ContractsRevenue
20671000 USD
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14688000 USD
CY2013 us-gaap Conversion Of Stock Amount Converted1
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41942000 USD
CY2012 us-gaap Conversion Of Stock Amount Converted1
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CY2011 us-gaap Conversion Of Stock Amount Converted1
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CostsAndExpenses
73349000 USD
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CostsAndExpenses
51741000 USD
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
36267000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
25000 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
USD
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
412000 USD
CY2012Q3 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.1168 pure
CY2013Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1881000 USD
CY2012Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
910000 USD
CY2012 us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
USD
CY2011 us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
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CY2012Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2000000 USD
CY2012Q3 us-gaap Debt Instrument Interest Rate Stated Percentage Rate Range Minimum
DebtInstrumentInterestRateStatedPercentageRateRangeMinimum
0.121 pure
CY2012Q3 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
47618 USD
CY2013Q4 us-gaap Deductions Charges
DeductionsCharges
2400000 USD
CY2012Q4 us-gaap Deductions Charges
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2400000 USD
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DeferredIncomeTaxLiabilities
335000 USD
CY2013Q4 us-gaap Deferred Rent Credit Current
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470000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2013Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3800000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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432000 USD
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8502000 USD
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271000 USD
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1 pure
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2591000 USD
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DepreciationAndAmortization
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DepreciationAndAmortization
1613000 USD
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CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2012Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
335000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
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400000 USD
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2600000 USD
CY2013 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.5 pure
CY2012 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.25 pure
CY2012 us-gaap Depreciation Depletion And Amortization
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1700000 USD
CY2012Q4 us-gaap Deferred Revenue Current
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258000 USD
CY2013Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
2500000 USD
CY2012Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
2500000 USD
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CY2012Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
146331000 USD
CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
135750000 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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123907000 USD
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DeferredTaxAssetsOperatingLossCarryforwardsDomestic
122731000 USD
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DeferredTaxAssetsOperatingLossCarryforwardsForeign
6405000 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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CY2013Q4 us-gaap Deferred Tax Assets Other
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6844000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
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1600000 USD
CY2013Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
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CY2012Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
267000 USD
CY2013Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
400000 USD
CY2012Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
100000 USD
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.31
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2011 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2013Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2012 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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0.06 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.1 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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-0.03 pure
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.09
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EarningsPerShareBasicAndDiluted
-0.07
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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0 pure
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.02 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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-0.34 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.34 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.34 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.41 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.33 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.43 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.03 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.03 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.03 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.08 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.09 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.07 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.05 pure
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
4000 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
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CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
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CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5323000 USD
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3242000 USD
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
4600000 USD
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y3M18D
CY2011 us-gaap Investment Income Net
InvestmentIncomeNet
136000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
463000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1111000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1111000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1111000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1111000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1111000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16713000 USD
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FiniteLivedIntangibleAssetsNet
16250000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
33141000 USD
CY2012Q4 us-gaap Government Contract Receivable Unbilled Amounts
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1570000 USD
CY2013 us-gaap Gain Loss On Derivative Instruments Net Pretax
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267000 USD
CY2012 us-gaap Gain Loss On Derivative Instruments Net Pretax
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101000 USD
CY2011 us-gaap Gain Loss On Derivative Instruments Net Pretax
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2474000 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
32000 USD
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
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28000 USD
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
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USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14819000 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10142000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10900000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
59519000 USD
CY2011Q4 us-gaap Goodwill
Goodwill
33141000 USD
CY2013 us-gaap Goodwill Acquired During Period
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26236000 USD
CY2012 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
USD
CY2013 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
142000 USD
CY2012 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
USD
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GovernmentContractReceivableUnbilledAmounts
4988000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-51958000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-28507000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-18952000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
412000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4184000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2009000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2686000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
451000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-954000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1911000 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-341000 USD
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
258000 USD
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2500000 USD
CY2013 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
703000 USD
CY2012 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
4346000 USD
CY2011 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-402000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-40000 USD
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1854000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
431000 USD
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
986000 USD
CY2011 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
USD
CY2013 us-gaap Increase Decrease In Unbilled Receivables
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3418000 USD
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-266000 USD
CY2011 us-gaap Increase Decrease In Unbilled Receivables
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1836000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
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16250000 USD
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
USD
CY2013 us-gaap Interest Expense
InterestExpense
160000 USD
CY2012 us-gaap Interest Expense
InterestExpense
32000 USD
CY2011 us-gaap Interest Expense
InterestExpense
9000 USD
CY2013 us-gaap Interest Paid
InterestPaid
177000 USD
CY2012 us-gaap Interest Paid
InterestPaid
20000 USD
CY2011 us-gaap Interest Paid
InterestPaid
USD
CY2013Q4 us-gaap Interest Payable Current
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75000 USD
CY2012Q4 us-gaap Interest Payable Current
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45000 USD
CY2013 us-gaap Investment Income Net
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187000 USD
CY2012 us-gaap Investment Income Net
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165000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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18543000 USD
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CY2013Q4 us-gaap Liabilities
Liabilities
32703000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
22105000 USD
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235937000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
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102345000 USD
CY2013Q4 us-gaap Liabilities Current
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18934000 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
11675000 USD
CY2013 us-gaap License Costs
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200000 USD
CY2013Q4 us-gaap Long Term Notes Payable
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1004000 USD
CY2012Q4 us-gaap Long Term Notes Payable
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753000 USD
CY2013 us-gaap Marketable Securities Realized Gain Loss
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USD
CY2012 us-gaap Marketable Securities Realized Gain Loss
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879000 USD
CY2011 us-gaap Marketable Securities Realized Gain Loss
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USD
CY2013Q4 us-gaap Money Market Funds At Carrying Value
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100049000 USD
CY2012Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
11970000 USD
CY2013Q4 us-gaap Municipal Debt Securities At Carrying Value
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USD
CY2012Q4 us-gaap Municipal Debt Securities At Carrying Value
MunicipalDebtSecuritiesAtCarryingValue
1671000 USD
CY2013 us-gaap Nature Of Operations
NatureOfOperations
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Note 1&nbsp;-&nbsp;Organization</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Novavax, Inc. ("Novavax," and together with its subsidiary, "Novavax AB," the "Company") is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of recombinant protein nanoparticle vaccines and adjuvants. The Company&#39;s product pipeline targets a variety of infectious diseases with vaccine candidates currently in clinical development for seasonal influenza, pandemic influenza and respiratory syncytial virus ("RSV").</p> <!--EndFragment--></div> </div>
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
131035000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
53786000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
11129000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
16392000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15300000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1356000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
592000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-18229000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-23629000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-51983000 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-28507000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-19364000 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9996000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12633000 USD
CY2013Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14054000 USD
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7336000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5920000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7217000 USD
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8035000 USD
CY2013Q4 us-gaap Notes Payable Current
NotesPayableCurrent
877000 USD
CY2012Q4 us-gaap Notes Payable Current
NotesPayableCurrent
157000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-52434000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-29665000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
-21579000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
32172000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
4327000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2429000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2901000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4944000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4912000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
12659000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3400000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3200000 USD
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1600000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
573000 USD
CY2012Q4 us-gaap Other Assets Current
OtherAssetsCurrent
171000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
159000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
351000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
223000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
223000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
409000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-402000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
186000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-402000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
60000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
60000 USD
CY2012 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-45000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1568000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
USD
CY2011 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
341000 USD
CY2013 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-182000 USD
CY2013 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-897000 USD
CY2012 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-660000 USD
CY2013Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1290000 USD
CY2012Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
967000 USD
CY2011 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-26000 USD
CY2013 us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
700000 USD
CY2013 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
6100000000 USD
CY2012 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
400000000 USD
CY2011 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
200000000 USD
CY2013 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
14754000 USD
CY2012 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
48652000 USD
CY2011 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
2082000 USD
CY2013Q3 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
22000 USD
CY2013 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5785000 USD
CY2012 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4341000 USD
CY2011 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
610000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3044000 USD
CY2012Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2559000 USD
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h3 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 24px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Reclassifications</h3> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Overhead expenses relating to supply chain management of $0.8 million for 2012 and $0.5 million for 2011 have been reclassified from general and administrative expenses to research and development expenses. This reclassification has been made to conform to current year presentation.</p> <!--EndFragment--></div> </div>
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
128648000 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
54002000 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10980000 USD
CY2013 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1500000 USD
CY2012 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
500000 USD
CY2008Q3 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
17500000 USD
CY2013 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1450000 USD
CY2012 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
650000 USD
CY2011 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
USD
CY2013 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
USD
CY2012 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
USD
CY2011 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
50000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23671000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18610000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14251000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11456000 USD
CY2013 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-473000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
324000 USD
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1498000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
54000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
179000 USD
CY2012 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-60000 USD
CY2011 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-80000 USD
CY2013 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-1000 USD
CY2012 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-756000 USD
CY2011 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
USD
CY2013 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
33781000 USD
CY2012 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
20407000 USD
CY2011 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
21235000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
116000 USD
CY2013Q4 us-gaap Purchase Obligation
PurchaseObligation
7500000 USD
CY2013 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
87000 USD
CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
104000 USD
CY2011 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
50308000 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
26907000 USD
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18364000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1417000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
986000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
757000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
756000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-410146000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-358163000 USD
CY2013 us-gaap Revenues
Revenues
20915000 USD
CY2012 us-gaap Revenues
Revenues
22076000 USD
CY2011 us-gaap Revenues
Revenues
14688000 USD
CY2013Q1 us-gaap Revenues
Revenues
3833000 USD
CY2013Q2 us-gaap Revenues
Revenues
3531000 USD
CY2013Q3 us-gaap Revenues
Revenues
4802000 USD
CY2013Q4 us-gaap Revenues
Revenues
8748000 USD
CY2012Q1 us-gaap Revenues
Revenues
4642000 USD
CY2012Q2 us-gaap Revenues
Revenues
7103000 USD
CY2012Q3 us-gaap Revenues
Revenues
5765000 USD
CY2012Q4 us-gaap Revenues
Revenues
4567000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
shares
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
2480000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
2091000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.71
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
33334 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.14
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0055 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0048 pure
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
2047000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
35000000 USD
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
14200000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
16667 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
600000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.07
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.39
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.39
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
16667 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
1.39
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.7372 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.786 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.81 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.5155 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.755 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.733 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0136 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0154 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0191 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0054 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
300000 USD
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y4M24D
CY2013Q4 us-gaap Share Price
SharePrice
2.68
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
-877000 USD
CY2012Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
-157000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
203234000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
80240000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
53849000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
59050000 USD
CY2008Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
6686650 shares
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
170590000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
53155000 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
11827000 USD
CY2011 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1498000 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
54000 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
179000 USD
CY2013Q4 us-gaap Supplies
Supplies
1754000 USD
CY2012Q4 us-gaap Supplies
Supplies
1592000 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
455430 shares
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
455430 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2450000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2450000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4801000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4801000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4875000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
74000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h3 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 24px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Use of Estimates</h3> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates.</p> <!--EndFragment--></div> </div>
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
169658 shares
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
131726 shares
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
113610 shares

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