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--12-31
Q2
2014
2014-06-30
10-Q
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<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">7. Accrued Liabilities</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued liabilities are comprised of the following (and are included within the accounts payable and accrued expenses line item on the consolidated balance sheets), in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 86.00%;margin-left:36pt;">
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30,</font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued clinical trial and clinical supply costs </font></p>
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:12.36%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>427
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:12.36%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,253
</td>
<td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued compensation </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,415
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,016
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued sales rebates and allowances </font></p>
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,823
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,903
</td>
<td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued product costs </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,057
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,503
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued sales and marketing expenses </font></p>
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,309
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,077
</td>
<td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued interest </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>498
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>619
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Other accrued liabilities </font></p>
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,701
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,801
</td>
<td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.50%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,230
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.50%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,172
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued clinical trial and clinical supply costs consist primarily of investigator fees, contract research organization services, contract manufacturing, pass-through costs and laboratory costs. Other accrued liabilities consist primarily of professional fees, distribution fees, and miscellaneous accrued expenses.</font>
</p>
<p><font size="1"> </font></p>
</div> </div>
5054000
10854000
15172000
17230000
1077000
1309000
5591000
5936000
1000
P10Y
P10Y
211952000
224196000
-22336000
769000
239000
530000
432000
131000
301000
1217000
320000
897000
610000
162000
448000
0
0
2658000
1008000
887000
1087000
115000
57000
115000
57000
160061
12592
5536068
137349
9543
11011300
259478
20928
7733266
20571
7548143
110995000
94190000
97161000
71981000
91252000
32980000
58272000
63037000
11956000
51081000
57967000
50776000
57967000
50775000
15462000
35314000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Basis of Presentation</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company’s unaudited consolidated financial statements include the accounts of Supernus Pharmaceuticals, Inc. and Supernus Europe Ltd. These are collectively referred to herein as “Supernus” or “the Company.” All significant intercompany transactions and balances have been eliminated in consolidation. The Company’s unaudited consolidated financial statements have been prepared in accordance with the requirements of the U.S. Securities and Exchange Commission (SEC) for interim financial information.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">As permitted under Generally Accepted Accounting Principles in the United States (U.S. GAAP), certain notes and other information have been omitted from the interim consolidated financial statements presented in this Quarterly Report on Form 10-Q. Therefore, these financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In the opinion of management, the consolidated financial statements reflect all adjustments necessary to fairly present the Company’s financial position, results of operations, and cash flows for the periods presented. These adjustments are of a normal recurring nature. The Company currently operates in one business segment.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The results of operations for the three and six months ended June 30, 2014 are not necessarily indicative of the Company’s future financial results.</font>
</p>
<p><font size="1"> </font></p>
</div> </div>
40302000
33907000
32980000
11956000
32980000
32980000
11956000
11956000
-6395000
-21024000
0.001
0.001
130000000
130000000
39983437
42139463
39983437
42139463
40000
42000
-45949000
-27504000
-12341000
3202000
90200000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The table below summarizes activity related to the Notes from issuance on May 3, 2013 through June 30, 2014, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:18pt;">
<tr>
<td valign="bottom" style="width:83.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Gross proceeds</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.56%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,000
</td>
<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Initial value of interest make-whole derivative reported as debt discount</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,270
</td>
<td valign="bottom" style="width:01.06%;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Conversion option reported as debt discount and APIC</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,336
</td>
<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Conversion of debt to equity - principal</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(40,492
</td>
<td valign="bottom" style="width:01.06%;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Conversion of debt to equity - accretion of debt discount</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,833
</td>
<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accretion of debt discount</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,658
</td>
<td valign="bottom" style="width:01.06%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">December 31, 2013 carrying value</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,393
</td>
<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.06%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Conversion of debt to equity - principal (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,707
</td>
<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Conversion of debt to equity - accretion of debt discount (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,977
</td>
<td valign="bottom" style="width:01.06%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accretion of debt discount (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,008
</td>
<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">June 30, 2014 carrying value (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,671
</td>
<td valign="bottom" style="width:01.06%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
34393000
34393000
28671000
28671000
4000
4000
2155000
900000
1661000
900000
33816000
15760000
48423000
25919000
10676000
-2455000
700000
-40492000
-9707000
3700000
39800000
0.0750
13833000
2977000
229000
202000
1005000
713000
305000
305000
305000
305000
211000
105000
345000
176000
326000
460000
12644000
12644000
12644000
8834000
8834000
8834000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">9. Share-Based Payments</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company has adopted the Supernus Pharmaceuticals, Inc. 2012 Equity Incentive Plan (the 2012 Plan), which is stockholder-approved, and provides for the grant of stock options and certain other awards, including stock appreciation rights (SAR), restricted and unrestricted stock, stock units, performance awards, cash awards and other awards that are convertible into or otherwise based on the Company’s common stock, to the Company’s key employees, directors, and consultants and advisors. The 2012 Plan is administered by the Company’s Board of Directors and provides for the issuance of up to 4,000,000 shares of the Company’s Common Stock. Option awards are granted with an exercise price equal to the estimated fair value of the Company’s Common Stock at the grant date; those option awards generally vest in four annual installments, starting on the first anniversary of the date of grant and have ten-year contractual terms. The 2012 Plan provides for the issuance of Common Stock of the Company upon the exercise of stock options. Share-based compensation recognized related to the grant of employee and non-employee stock options, SAR, and non-vested stock was as follows, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
<tr>
<td valign="bottom" style="width:41.00%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:26.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Three Months ended June 30,</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:26.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Six Months ended June 30,</font></p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:41.00%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:41.00%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:26.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:26.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:41.00%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:41.00%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Research and development</font></p>
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>162
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>131
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>320
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>239
</td>
<td valign="bottom" style="width:01.00%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:41.00%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Selling, general and administrative</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>448
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>301
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>897
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>530
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:41.00%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>610
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>432
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,217
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>769
</td>
<td valign="bottom" style="width:01.00%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The following table summarizes stock option and SAR activity:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:30pt;">
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Weighted-</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Weighted-</font></p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Average</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Number of</font></p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Average</font></p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Remaining</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Options and SAR</font></p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Exercise Price</font></p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Contractual Term</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Outstanding, December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,463,043
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.27
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.51
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Granted (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>656,285
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.23
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Exercised (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,179
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.98
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Forfeited or expired (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,720
</td>
<td valign="bottom" style="width:02.74%;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.49
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Outstanding, June 30, 2014 (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,076,429
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.91
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.52
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">As of December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Vested and expected to vest</font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,425,752
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.26
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.50
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Exercisable</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>256,227
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.47
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.44
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">As of June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Vested and expected to vest (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,291
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.89
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.50
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Exercisable (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>515,995
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.23
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.36
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
-1.48
-0.89
-0.30
0.08
-1.48
-0.89
-0.30
0.08
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">10. Income (Loss) Per Share</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Basic income/(loss) per common share is determined by dividing loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration of common stock equivalents. Diluted loss per share is computed by dividing the loss attributable to common stockholders by the weighted-average number of common share equivalents outstanding for the period. The treasury stock method is used to determine the dilutive effect of the Company’s stock option grants, SAR and warrants, and the if-converted method (which reflects a calculated loss on debt extinguishment) is used to determine the dilutive effect of the Company’s Notes. The following common stock equivalents were excluded in the calculation of diluted loss per share because their effect would be anti-dilutive for the periods ended June 30, 2014 and 2013:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:18pt;">
<tr>
<td valign="bottom" style="width:47.24%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="3" valign="bottom" style="width:23.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Three Months ended June 30,</font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="3" valign="bottom" style="width:23.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Six Months ended June 30,</font></p>
</td>
<td valign="bottom" style="width:01.04%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:47.24%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:01.04%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:47.24%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="3" valign="bottom" style="width:23.28%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="3" valign="bottom" style="width:23.28%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:01.04%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:47.24%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.04%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:47.24%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Shares underlying Convertible Senior Secured Notes </font></p>
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,548,143
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,011,300
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,733,266
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,536,068
</td>
<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:47.24%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Warrants to purchase common stock </font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,571
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,543
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,928
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,592
</td>
<td valign="bottom" style="width:01.04%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:47.24%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Stock options, stock appreciation rights, and non-vested stock options </font></p>
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,349
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>259,478
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>160,061
</td>
<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The following table sets forth the computation of basic and diluted net income per share for the quarter ended June 30, 2014, unaudited, in thousands, except share and per share amounts:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:72pt;">
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Three Months</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">ended June 30,</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Numerator, in thousands:</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.60%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,202
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Denominator:</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Weighted average shares outstanding, basic</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,056,285
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Effect of dilutive potential common shares:</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Stock options, Stock appreciation rights, and non-vested stock options </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>315,852
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Total dilutive potential common shares</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>315,852
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Weighted average shares outstanding, diluted</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,372,137
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net income per share, basic</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.60%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.08
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net income per share, diluted</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.60%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.08
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
5016000
5415000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:18pt;">
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="8" valign="bottom" style="width:43.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Fair Value Measurements at</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="8" valign="bottom" style="width:43.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="8" valign="bottom" style="width:43.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Significant</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Total Carrying</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Quoted Prices</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Other</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Significant</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Value at</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">in Active</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Observable</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Unobservable</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30,</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Markets</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Inputs</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Inputs</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(Level 1)</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(Level 2)</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(Level 3)</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Assets: </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Cash and cash equivalents </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,956
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,956
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Marketable securities </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,314
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,314
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Long term marketable securities </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,462
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,462
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Marketable securities - restricted (SERP) </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>305
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>305
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Total assets at fair value </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,037
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,956
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,081
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Liabilities: </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Derivative liabilities </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,834
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,834
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:18pt;">
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="8" valign="bottom" style="width:43.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Fair Value Measurements at</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="8" valign="bottom" style="width:43.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Significant</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Total Carrying</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Quoted Prices</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Other</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Significant</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Value at</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">in Active</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Observable</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Unobservable</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Markets</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Inputs</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Inputs</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(Level 1)</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(Level 2)</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(Level 3)</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Assets: </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Cash and cash equivalents </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,980
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,980
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Marketable securities </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,211
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,211
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Long term marketable securities </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,756
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,756
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Marketable securities - restricted (SERP) </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>305
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>305
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Total assets at fair value </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91,252
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,980
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,272
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Liabilities: </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Derivative liabilities </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,644
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,644
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
5
4
0.000
0.000
P2Y9M18D
P7Y6M
P6Y6M
0.45
0.50
0.0226
0.0207
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">3. Fair Value of Financial Instruments</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The fair value of an asset or liability should represent the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Such transactions to sell an asset or transfer a liability are assumed to occur in the principal or most advantageous market for the asset or liability. Accordingly, fair value is determined based on a hypothetical transaction at the measurement date, considered from the perspective of a market participant rather than from a reporting entity’s perspective.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company reports assets and liabilities that are measured at fair value using a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy maximizes the use of observable inputs and minimizes the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
<p style="font-family:Times New Roman;font-size: 10pt;margin:0pt;">
<font style="margin:0pt;font-family:Symbol;font-size:10pt;;"> ·</font>
</p>
</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="font-family:Times New Roman;font-size: 10pt;margin:0pt;">
<font style="display: inline;font-size:10pt;">Level 1 — Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
<p style="font-family:Times New Roman;font-size: 10pt;margin:0pt;">
<font style="margin:0pt;font-family:Symbol;font-size:10pt;;"> ·</font>
</p>
</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="font-family:Times New Roman;font-size: 10pt;margin:0pt;">
<font style="display: inline;font-size:10pt;">Level 2 — Inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (interest rates, yield curves, etc.) and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
<p style="font-family:Times New Roman;font-size: 10pt;margin:0pt;">
<font style="margin:0pt;font-family:Symbol;font-size:10pt;;"> ·</font>
</p>
</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="font-family:Times New Roman;font-size: 10pt;margin:0pt;">
<font style="display: inline;font-size:10pt;">Level 3 — Unobservable inputs that reflect the Company’s own assumptions, based on the best information available, including the Company’s own data.</font></p></td></tr></table></div>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:18pt;">
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="8" valign="bottom" style="width:43.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Fair Value Measurements at</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="8" valign="bottom" style="width:43.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="8" valign="bottom" style="width:43.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Significant</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Total Carrying</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Quoted Prices</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Other</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Significant</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Value at</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">in Active</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Observable</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Unobservable</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30,</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Markets</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Inputs</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Inputs</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(Level 1)</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(Level 2)</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(Level 3)</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Assets: </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Cash and cash equivalents </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,956
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,956
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Marketable securities </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,314
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,314
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Long term marketable securities </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,462
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,462
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Marketable securities - restricted (SERP) </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>305
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>305
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Total assets at fair value </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,037
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,956
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,081
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Liabilities: </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Derivative liabilities </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,834
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,834
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:18pt;">
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="8" valign="bottom" style="width:43.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Fair Value Measurements at</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="8" valign="bottom" style="width:43.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Significant</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Total Carrying</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Quoted Prices</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Other</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Significant</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Value at</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">in Active</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Observable</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Unobservable</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Markets</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Inputs</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Inputs</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(Level 1)</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(Level 2)</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(Level 3)</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Assets: </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Cash and cash equivalents </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,980
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,980
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Marketable securities </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,211
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,211
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Long term marketable securities </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,756
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,756
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Marketable securities - restricted (SERP) </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>305
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>305
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Total assets at fair value </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91,252
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,980
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,272
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Liabilities: </font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Derivative liabilities </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,644
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,644
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The fair value of the restricted marketable securities is included within other non-current assets in the consolidated balance sheets.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company’s Level 1 assets include money market funds and U.S. Treasury and government agency debt securities with quoted prices in active markets.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Level 2 assets include mutual funds in which the SERP (Supplemental Executive Retirement Plan) assets are invested, commercial paper and investment grade corporate bonds and other fixed income securities. Level 2 securities are valued using third-party pricing sources that apply applicable inputs and other relevant data into their models to estimate fair value.</font>
</p>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Level 3 liabilities include the fair market value of the interest make-whole liability associated with the Company’s 7.50% Convertible Senior Secured Notes due 2017 (the Notes) and the outstanding warrants to purchase Common Stock, which are recorded as derivative liabilities. The fair value of the common stock warrant liability was calculated using a Monte-Carlo simulation with a Black-Scholes model with the following assumptions as of June 30, 2014:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:72pt;">
<tr>
<td valign="bottom" style="width:74.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Exercise Price</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:20.46%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$4 - $5 per share</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:74.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Volatility</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:20.46%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">50%</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:74.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Stock Price as of June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:20.46%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$10.95 per share</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:74.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Term </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:20.46%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">6.5 - 7.5 years</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:74.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Dividend Yield</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:20.46%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">0.0%</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:74.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Risk-Free Rate</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:20.46%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">2.07% - 2.26%</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The fair value of the interest make-whole liability of the Notes was calculated using a binomial-lattice model with the following key assumptions as of June 30, 2014:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:72pt;">
<tr>
<td valign="bottom" style="width:76.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Volatility</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:19.10%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">45%</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Stock Price as of June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:19.10%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$10.95 per share</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Credit Spread</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:19.10%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">1041 bps</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Term</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:19.10%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">2.8 years</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Dividend Yield</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:19.10%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">0.0%</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Significant changes to these assumptions would result in increases/decreases to the fair value of the derivative liabilities.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Changes in the fair value of the warrants and the interest make-whole liability are recognized as a component of Other Income (Expense) in the Consolidated Statements of Operations. The following table presents information about the Company’s Level 3 liabilities as of December 31, 2013 and June 30, 2014 that are included in the Non-Current Liabilities section of the Consolidated Balance Sheets, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 86.00%;margin-left:36pt;">
<tr>
<td valign="bottom" style="width:79.80%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Six Months ended</font></p>
</td>
<td valign="bottom" style="width:01.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:01.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:01.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.16%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Balance at December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.66%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,644
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Changes in fair value of derivative liabilities included in earnings</font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.16%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,355
</td>
<td valign="bottom" style="width:01.16%;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Reduction due to conversion of debt to equity</font></p>
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,455
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Balance at June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.50%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,834
</td>
<td valign="bottom" style="width:01.16%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The carrying value, face value and estimated fair value of the Notes was approximately $28.7 million, $39.8 million and $90.2 million, respectively, as of June 30, 2014. The fair value was estimated based on actual trade information as well as quoted prices provided by bond traders, which would be characterized within Level 2 of the fair value hierarchy. This fair value amount gives recognition to the value of the interest make-whole liability and the value of the conversion option. These items have been accounted for as derivative liabilities and additional paid-in-capital, respectively.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The carrying amounts of other financial instruments, including accounts receivable, accounts payable and accrued expenses approximate fair value due to their short-term maturities.</font>
</p>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Unrestricted marketable securities held by the Company were as follows, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">At June 30, 2014, unaudited:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 80.00%;margin-left:54pt;">
<tr>
<td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Available for Sale</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Amortized</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Cost</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Gross</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Unrealized</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Gains</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Gross</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Unrealized</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Losses</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Corporate debt securities</font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,775
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(29
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,776
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">At December 31, 2013:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 80.00%;margin-left:54pt;">
<tr>
<td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Available for Sale</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Amortized</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Cost</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Gross</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Unrealized</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Gains</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Gross</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Unrealized</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Losses</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Corporate debt securities</font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,967
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(33
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,967
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The contractual maturities of the unrestricted marketable securities held by the Company were as follows, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:72pt;">
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30, </font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Less Than 1 Year</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.60%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,314
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">1 - 5 Years</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,462
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Greater Than 5 Years</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.76%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.60%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,776
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company has not experienced any other-than-temporary losses on its marketable securities and restricted marketable securities. The cost of securities sold is calculated using the specific identification method.</font>
</p>
<p><font size="1"> </font></p>
</div> </div>
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:72pt;">
<tr>
<td valign="bottom" style="width:76.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Volatility</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:19.10%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">45%</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Stock Price as of June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:19.10%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$10.95 per share</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Credit Spread</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:19.10%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">1041 bps</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Term</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:19.10%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">2.8 years</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Dividend Yield</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:19.10%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">0.0%</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:72pt;">
<tr>
<td valign="bottom" style="width:74.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Exercise Price</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:20.46%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$4 - $5 per share</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:74.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Volatility</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:20.46%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">50%</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:74.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Stock Price as of June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:20.46%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$10.95 per share</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:74.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Term </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:20.46%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">6.5 - 7.5 years</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:74.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Dividend Yield</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:20.46%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">0.0%</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:74.78%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Risk-Free Rate</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:20.46%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">2.07% - 2.26%</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The following table presents information about the Company’s Level 3 liabilities as of December 31, 2013 and June 30, 2014 that are included in the Non-Current Liabilities section of the Consolidated Balance Sheets, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 86.00%;margin-left:36pt;">
<tr>
<td valign="bottom" style="width:79.80%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Six Months ended</font></p>
</td>
<td valign="bottom" style="width:01.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:01.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:01.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.16%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Balance at December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.66%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,644
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Changes in fair value of derivative liabilities included in earnings</font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.16%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,355
</td>
<td valign="bottom" style="width:01.16%;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Reduction due to conversion of debt to equity</font></p>
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,455
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:79.80%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Balance at June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.50%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,834
</td>
<td valign="bottom" style="width:01.16%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
-1355000
12644000
8834000
1838000
1953000
704000
2292000
2744000
2292000
-8540000
-8619000
1355000
678000
-1162000
-1162000
-1732000
-1700000
-39000
1341000
730000
537000
5800000
127000
13000
3163000
2949000
478000
107000
918000
1006000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">6. Intangible Assets</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company purchased certain patents from Shire Laboratories, Inc. pursuant to a 2005 purchase agreement. These patents are being amortized over the weighted average life of the patents purchased in that transaction. Patent defense costs have been incurred in connection with complaints related to patents for Oxtellar XR (see Part II, Item I, Legal Proceedings). The following sets forth the gross carrying amount and related accumulated amortization of these intangible assets, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
<tr>
<td valign="bottom" style="width:31.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:24.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:31.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:24.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:24.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:31.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Weighted-</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Gross Carrying</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Accumulated</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Gross Carrying</font></p>
</td>
<td valign="bottom" style="width:02.50%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Accumulated</font></p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:31.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Average Life</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Amount</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Amortization</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Amount</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Amortization</font></p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:31.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:31.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Purchased patents</font></p>
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.00%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10.0
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:09.70%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,292
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:09.70%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,953
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:09.70%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,292
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:09.70%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,838
</td>
<td valign="bottom" style="width:01.00%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:31.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Patent defense costs(1)</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:09.70%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,744
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:09.70%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:09.70%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>704
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:09.70%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">(1)</font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;">Amortization of capitalized patent defense costs will begin upon successful outcome of the on-going litigation. Three U.S. patents have been issued covering Oxtellar XR, providing patent protection through 2027.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Amortization expense was approximately $57,000 for each of the three month periods ended June 30, 2014 and 2013 and was approximately $115,000 for each of the six month periods ended June 30, 2014 and 2013. The estimated annual aggregate amortization expense through December 31, 2015 is $229,000.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">There were no indicators of impairment identified at June 30, 2014 or December 31, 2013.</font>
</p>
<p><font size="1"> </font></p>
</div> </div>
1158000
3083000
2872000
2144000
2485000
1278000
975000
1502000
619000
498000
483000
496000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">4. Inventories</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Inventories consist of the following, in thousands:</font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;"></font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 80.00%;margin-left:54pt;">
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30,</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Raw materials </font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,799
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,897
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Work in process</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,280
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,347
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Finished goods </font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,022
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,908
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,101
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,152
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
1908000
3022000
7152000
10101000
3897000
4799000
1347000
2280000
107000
55000
187000
85000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The contractual maturities of the unrestricted marketable securities held by the Company were as follows, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:72pt;">
<tr>
<td valign="bottom" style="width:78.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display: inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:14.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30, </font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Less Than 1 Year</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.60%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,314
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">1 - 5 Years</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,462
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Greater Than 5 Years</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.76%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.60%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,776
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
77531000
60821000
110995000
94190000
26400000
19187000
274000
127000
2152000
2066000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">8. Convertible Senior Secured Notes</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The table below summarizes activity related to the Notes from issuance on May 3, 2013 through June 30, 2014, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:18pt;">
<tr>
<td valign="bottom" style="width:83.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Gross proceeds</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.56%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,000
</td>
<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Initial value of interest make-whole derivative reported as debt discount</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,270
</td>
<td valign="bottom" style="width:01.06%;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Conversion option reported as debt discount and APIC</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,336
</td>
<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Conversion of debt to equity - principal</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(40,492
</td>
<td valign="bottom" style="width:01.06%;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Conversion of debt to equity - accretion of debt discount</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,833
</td>
<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accretion of debt discount</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,658
</td>
<td valign="bottom" style="width:01.06%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">December 31, 2013 carrying value</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,393
</td>
<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.06%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Conversion of debt to equity - principal (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,707
</td>
<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Conversion of debt to equity - accretion of debt discount (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,977
</td>
<td valign="bottom" style="width:01.06%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accretion of debt discount (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,008
</td>
<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:83.40%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">June 30, 2014 carrying value (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.68%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,671
</td>
<td valign="bottom" style="width:01.06%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">During the six month period ended June 30, 2014, approximately $9.7 million of the Notes were presented to the Company for conversion. Accordingly, the Company issued approximately 1.8 million shares of common stock in conversion of the principal amount of the Notes. The Company issued an additional 0.3 million shares of common stock in settlement of the interest make-whole provision related to the converted Notes. As a result of the conversions, the Company incurred an approximately $1.7 million loss on extinguishment of debt during the six months ended June 30, 2014.</font>
</p>
<p><font size="1"> </font></p>
</div> </div>
49211000
49211000
49211000
35314000
35314000
35314000
8756000
8756000
8756000
15462000
15462000
15462000
178000
-1000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">1. Organization and Business</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Supernus Pharmaceuticals, Inc. (the Company) is a specialty pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system diseases, including neurological and psychiatric disorders. The Company markets two epilepsy products, Oxtellar XR and Trokendi XR, and has several proprietary product candidates in clinical development that address the psychiatry market.</font>
</p>
<p><font size="1"> </font></p>
</div> </div>
64211000
250000
-37628000
4770000
-32978000
-26044000
-45771000
-27357000
-12342000
3202000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Recently Issued Accounting Pronouncement</font><font style="display: inline;font-size:10pt;">s</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, </font><font style="display: inline;font-style:italic;font-size:10pt;">Revenue from Contracts with Customers. </font><font style="display: inline;font-size:10pt;">ASU 2014-09 will eliminate transaction- and industry-specific revenue recognition guidance under current GAAP and replace it with a principles-based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. The ASU also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016. Early adoption is not permitted. Entities can transition to the standard either retrospectively or as a cumulative effect adjustment as of the date of adoption. Presently, the Company is assessing what effect the adoption of ASU 2014-09 will have on our consolidated financial statements and accompanying notes.</font>
</p>
<p><font size="1"> </font></p>
</div> </div>
-12383000
-11878000
-2675000
-554000
1
-33388000
-15479000
-9667000
3756000
1801000
2701000
361000
361000
-178000
-147000
1000
-178000
-147000
1000
2677000
2784000
84000
-8000
3598000
2040000
61004000
19902000
1037000
381000
2052000
3058000
90000000
2153000
251000
90000000
24413000
27093000
30000000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">5. Property and Equipment</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Property and equipment consist of the following, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 80.00%;margin-left:54pt;">
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30,</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Computer equipment</font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>847
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>798
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Software</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>225
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>209
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Lab equipment and furniture</font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,065
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,809
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Leasehold improvements</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,389
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,329
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,526
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,145
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Less accumulated depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,936
</td>
<td valign="bottom" style="width:03.12%;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,591
</td>
<td valign="bottom" style="width:01.26%;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,590
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,554
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Depreciation expense on property and equipment was approximately $176,000 and $345,000 for the three and six months ended June 30, 2014, respectively, and $105,000 and $211,000 for the three and six months ended June 30, 2013, respectively.</font>
</p>
<p><font size="1"> </font></p>
</div> </div>
8145000
4809000
798000
209000
2329000
8526000
5065000
847000
225000
2389000
2554000
2590000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Property and equipment consist of the following, in thousands:</font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;"></font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 80.00%;margin-left:54pt;">
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30,</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Computer equipment</font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>847
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>798
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Software</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>225
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>209
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Lab equipment and furniture</font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,065
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,809
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Leasehold improvements</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,389
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,329
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,526
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,145
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Less accumulated depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,936
</td>
<td valign="bottom" style="width:03.12%;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,591
</td>
<td valign="bottom" style="width:01.26%;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,590
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,554
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
1000
24344000
8065000
3542000
9159000
4677000
-178528000
-190870000
0
0
2000000
2000000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Revenue Recognition on Product Sales</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Revenue from product sales is recognized when persuasive evidence of an arrangement exists; delivery has occurred and title of the product and associated risk of loss has passed to the customer; the price is fixed or determinable; collection from the customer has been reasonably assured; all performance obligations have been met; and returns and allowances can be reasonably estimated. Product sales are recorded net of estimated rebates, chargebacks, discounts, co-pay assistance and other deductions (collectively, “sales deductions”) as well as estimated product returns.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Our products are distributed through wholesalers and pharmaceutical distributors. Each of these wholesalers and distributors will take title and ownership of the product upon physical receipt of the product and then distribute our products to pharmacies. Beginning in the fourth quarter of 2013, the Company began recognizing revenue for Oxtellar XR, net of estimated sales deductions, at the time of shipment to wholesalers. Beginning in the second quarter of 2014, the Company began recognizing revenue for Trokendi XR, net of estimated sales deductions, at the time of shipment to wholesalers.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Milestone Payments</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Milestone payments on licensing agreements are recognized as revenue when the collaborative partner acknowledges completion of the milestone and substantive effort was necessary to achieve the milestone. Management may recognize revenue contingent upon the achievement of a milestone in its entirety in the period in which the milestone is achieved only if the milestone meets all the criteria to be considered substantive. The Company recorded $2.0 million in milestone revenue during the three and six months ended June 30, 2014 and no milestone revenue during the three and six months ended June 30, 2013.</font>
</p>
<p><font size="1"> </font></p>
</div> </div>
428000
281000
38756000
29675000
154000
154000
36604000
15400000
27609000
15400000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued liabilities are comprised of the following (and are included within the accounts payable and accrued expenses line item on the consolidated balance sheets), in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 86.00%;margin-left:36pt;">
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30,</font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued clinical trial and clinical supply costs </font></p>
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:12.36%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>427
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:12.36%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,253
</td>
<td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued compensation </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,415
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,016
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued sales rebates and allowances </font></p>
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,823
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,903
</td>
<td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued product costs </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,057
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,503
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued sales and marketing expenses </font></p>
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,309
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,077
</td>
<td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accrued interest </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>498
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>619
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Other accrued liabilities </font></p>
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,701
</td>
<td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,801
</td>
<td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:65.38%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.50%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,230
</td>
<td valign="bottom" style="width:02.88%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.50%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,172
</td>
<td valign="bottom" style="width:01.14%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The following sets forth the gross carrying amount and related accumulated amortization of these intangible assets, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
<tr>
<td valign="bottom" style="width:31.42%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:24.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.46%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:10.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:00.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:31.42%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:24.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:24.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:00.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:31.42%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Weighted-</font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Gross Carrying</font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:10.86%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Accumulated</font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Gross Carrying</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:10.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Accumulated</font></p>
</td>
<td valign="bottom" style="width:00.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:31.42%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Average Life</font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Amount</font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:10.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Amortization</font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Amount</font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:10.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Amortization</font></p>
</td>
<td valign="bottom" style="width:00.92%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:31.42%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.92%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:10.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:10.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:00.92%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:31.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Purchased patents</font></p>
</td>
<td valign="bottom" style="width:02.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.92%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10.0
</td>
<td valign="bottom" style="width:02.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,292
</td>
<td valign="bottom" style="width:02.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:09.62%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,953
</td>
<td valign="bottom" style="width:02.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,292
</td>
<td valign="bottom" style="width:02.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:09.62%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,838
</td>
<td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:31.42%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Patent defense costs(1)</font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.92%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,744
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.22%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:09.62%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>704
</td>
<td valign="bottom" style="width:02.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.22%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:09.62%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:00.92%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> (1)</font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;">Amortization of capitalized patent defense costs will begin upon successful outcome of the on-going litigation. Three U.S. patents have been issued covering Oxtellar XR, providing patent protection through 2027.</font>
</p>
<p><font size="1"> </font></p>
</div> </div>
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:18pt;">
<tr>
<td valign="bottom" style="width:47.24%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="3" valign="bottom" style="width:23.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Three Months ended June 30,</font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="3" valign="bottom" style="width:23.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Six Months ended June 30,</font></p>
</td>
<td valign="bottom" style="width:01.04%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:47.24%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:01.04%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:47.24%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="3" valign="bottom" style="width:23.28%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="3" valign="bottom" style="width:23.28%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:01.04%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:47.24%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.04%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:47.24%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Shares underlying Convertible Senior Secured Notes </font></p>
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,548,143
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,011,300
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,733,266
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,536,068
</td>
<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:47.24%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Warrants to purchase common stock </font></p>
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,571
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,543
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,928
</td>
<td valign="bottom" style="width:02.58%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,592
</td>
<td valign="bottom" style="width:01.04%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:47.24%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Stock options, stock appreciation rights, and non-vested stock options </font></p>
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,349
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>259,478
</td>
<td valign="bottom" style="width:02.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>160,061
</td>
<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Unrestricted marketable securities held by the Company were as follows, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">At June 30, 2014, unaudited:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 80.00%;margin-left:54pt;">
<tr>
<td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Available for Sale</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Amortized</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Cost</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Gross</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Unrealized</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Gains</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Gross</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Unrealized</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Losses</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Corporate debt securities</font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,775
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(29
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,776
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">At December 31, 2013:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 80.00%;margin-left:54pt;">
<tr>
<td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Available for Sale</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Amortized</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Cost</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Gross</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Unrealized</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Gains</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Gross</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Unrealized</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">Losses</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:36.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Corporate debt securities</font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,967
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(33
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,967
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The following table sets forth the computation of basic and diluted net income per share for the quarter ended June 30, 2014, unaudited, in thousands, except share and per share amounts:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:72pt;">
<tr>
<td valign="bottom" style="width:78.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display: inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:14.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Three Months</font><br /><font style="display: inline;font-weight:bold;font-size:8pt;">ended June 30,</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Numerator, in thousands:</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.60%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,202
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Denominator:</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Weighted average shares outstanding, basic</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,056,285
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Effect of dilutive potential common shares:</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Stock options, Stock appreciation rights, and non-vested stock options </font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>315,852
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Total dilutive potential common shares</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>315,852
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Weighted average shares outstanding, diluted</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,372,137
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:16.36%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net income per share, basic</font></p>
</td>
<td valign="bottom" style="width:03.40%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.60%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.08
</td>
<td valign="bottom" style="width:01.36%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.86%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net income per share, diluted</font></p>
</td>
<td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.60%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.08
</td>
<td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Share-based compensation recognized related to the grant of employee and non-employee stock options, SAR, and non-vested stock was as follows, in thousands:</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
<tr>
<td valign="bottom" style="width:41.00%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:26.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Three Months ended June 30,</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:26.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Six Months ended June 30,</font></p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:41.00%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:41.00%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:26.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="5" valign="bottom" style="width:26.50%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:41.00%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:41.00%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Research and development</font></p>
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>162
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>131
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>320
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>239
</td>
<td valign="bottom" style="width:01.00%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:41.00%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Selling, general and administrative</font></p>
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>448
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>301
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>897
</td>
<td valign="bottom" style="width:02.50%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>530
</td>
<td valign="bottom" style="width:01.00%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:41.00%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>610
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>432
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,217
</td>
<td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.70%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>769
</td>
<td valign="bottom" style="width:01.00%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Inventories consist of the following, in thousands:</font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;"></font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 80.00%;margin-left:54pt;">
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">June 30,</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Raw materials </font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,799
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,897
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Work in process</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,280
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,347
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.50%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Finished goods </font></p>
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,022
</td>
<td valign="bottom" style="width:03.12%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,908
</td>
<td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:62.50%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,101
</td>
<td valign="bottom" style="width:03.12%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:13.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,152
</td>
<td valign="bottom" style="width:01.26%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:30pt;">
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Weighted-</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Weighted-</font></p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Average</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Number of</font></p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Average</font></p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Remaining</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Options and SAR</font></p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Exercise Price</font></p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Contractual Term</font></p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Outstanding, December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,463,043
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.27
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.51
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Granted (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>656,285
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.23
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Exercised (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,179
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.98
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Forfeited or expired (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,720
</td>
<td valign="bottom" style="width:02.74%;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.49
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Outstanding, June 30, 2014 (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,076,429
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.91
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.52
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">As of December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Vested and expected to vest</font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,425,752
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.26
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.50
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Exercisable</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>256,227
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.47
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.44
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">As of June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="2" valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Vested and expected to vest (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.76%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,291
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.89
</td>
<td valign="bottom" style="width:02.74%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.50
</td>
<td valign="bottom" style="width:01.08%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Exercisable (unaudited)</font></p>
</td>
<td valign="bottom" style="width:02.76%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>515,995
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.42%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.76%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.23
</td>
<td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:13.16%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.36
</td>
<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
<font style="display: inline;"> </font>
</p>
<p><font size="1"> </font></p>
</div> </div>
25747000
12214000
37109000
19581000
769000
1319000
P10Y
4000000
256227
515995
4.47
6.23
P6Y5M9D
P7Y4M10D
32720
7.49
656285
1463043
2076429
7.27
7.91
P8Y6M4D
P8Y6M7D
1425752
2022291
7.26
7.89
P8Y6M
P8Y6M
2.98
9.23
10.95
10.95
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">2. Summary of Significant Accounting Policies</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Basis of Presentation</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company’s unaudited consolidated financial statements include the accounts of Supernus Pharmaceuticals, Inc. and Supernus Europe Ltd. These are collectively referred to herein as “Supernus” or “the Company.” All significant intercompany transactions and balances have been eliminated in consolidation. The Company’s unaudited consolidated financial statements have been prepared in accordance with the requirements of the U.S. Securities and Exchange Commission (SEC) for interim financial information.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">As permitted under Generally Accepted Accounting Principles in the United States (U.S. GAAP), certain notes and other information have been omitted from the interim consolidated financial statements presented in this Quarterly Report on Form 10-Q. Therefore, these financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In the opinion of management, the consolidated financial statements reflect all adjustments necessary to fairly present the Company’s financial position, results of operations, and cash flows for the periods presented. These adjustments are of a normal recurring nature. The Company currently operates in one business segment.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The results of operations for the three and six months ended June 30, 2014 are not necessarily indicative of the Company’s future financial results.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Accounts Receivable, net</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Accounts receivable are reported in the consolidated balance sheets at outstanding amounts, less allowances for doubtful accounts and prompt pay discounts. The Company extends credit without requiring collateral. The Company writes off uncollectible receivables when the likelihood of collection is remote. The Company evaluates the collectability of accounts receivable on a regular basis. An allowance, when needed, is based upon various factors including the financial condition and payment history of customers, an overall review of collections experience on other accounts, and economic factors or events expected to affect future collections experience. No accounts have been written off in 2014 or 2013. No allowance for uncollectible receivables is recorded at June 30, 2014 or December 31, 2013. The Company recorded an allowance of approximately $0.2 million and $0.1 million for expected prompt-pay discounts as of June 30, 2014 and December 31, 2013, respectively.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Revenue Recognition on Product Sales</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Revenue from product sales is recognized when persuasive evidence of an arrangement exists; delivery has occurred and title of the product and associated risk of loss has passed to the customer; the price is fixed or determinable; collection from the customer has been reasonably assured; all performance obligations have been met; and returns and allowances can be reasonably estimated. Product sales are recorded net of estimated rebates, chargebacks, discounts, co-pay assistance and other deductions (collectively, “sales deductions”) as well as estimated product returns.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Our products are distributed through wholesalers and pharmaceutical distributors. Each of these wholesalers and distributors will take title and ownership of the product upon physical receipt of the product and then distribute our products to pharmacies. Beginning in the fourth quarter of 2013, the Company began recognizing revenue for Oxtellar XR, net of estimated sales deductions, at the time of shipment to wholesalers. Beginning in the second quarter of 2014, the Company began recognizing revenue for Trokendi XR, net of estimated sales deductions, at the time of shipment to wholesalers.</font>
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<font style="display: inline;font-weight:bold;font-size:10pt;">Change in Accounting Estimate</font>
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<font style="display: inline;font-size:10pt;">During the second quarter of 2014 the Company changed an accounting estimate regarding revenue recognition on product sales for Trokendi XR, which was launched in August 2013. The Company now recognizes revenue from Trokendi XR based on shipments to wholesalers, because the Company now has sufficient historical experience to estimate sales deductions. Previously, revenue was recognized based on prescriptions filled during the prior quarter. The effect of this change was to increase net product sales by $15.4 million and cost of product sales by $0.9 million for the three and six month periods ended June 30, 2014.</font>
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<font style="display: inline;font-weight:bold;font-size:10pt;">Milestone Payments</font>
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<font style="display: inline;font-size:10pt;">Milestone payments on licensing agreements are recognized as revenue when the collaborative partner acknowledges completion of the milestone and substantive effort was necessary to achieve the milestone. Management may recognize revenue contingent upon the achievement of a milestone in its entirety in the period in which the milestone is achieved only if the milestone meets all the criteria to be considered substantive. The Company recorded $2.0 million in milestone revenue during the three and six months ended June 30, 2014 and no milestone revenue during the three and six months ended June 30, 2013.</font>
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<font style="display: inline;font-weight:bold;font-size:10pt;">Recently Issued Accounting Pronouncement</font><font style="display: inline;font-size:10pt;">s</font>
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<font style="display: inline;font-size:10pt;"> </font>
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<font style="display: inline;font-size:10pt;">In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, </font><font style="display: inline;font-style:italic;font-size:10pt;">Revenue from Contracts with Customers. </font><font style="display: inline;font-size:10pt;">ASU 2014-09 will eliminate transaction- and industry-specific revenue recognition guidance under current GAAP and replace it with a principles-based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. The ASU also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016. Early adoption is not permitted. Entities can transition to the standard either retrospectively or as a cumulative effect adjustment as of the date of adoption. Presently, the Company is assessing what effect the adoption of ASU 2014-09 will have on our consolidated financial statements and accompanying notes.</font>
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</div> </div>
33464000
33369000
9270000
10179
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">11. Subsequent Events</font>
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<font style="display: inline;font-size:10pt;">In July 2014, the Company entered into a Royalty Interest Acquisition Agreement with HealthCare Royalty Partners III, L.P. (HC Royalty). Pursuant to this Agreement, HC Royalty made a $30.0 million cash payment to the Company in consideration for acquiring from the Company certain royalty and milestone rights related to the commercialization of Orenitram™ (treprostinil) Extended-Release Tablets by the Company’s partner United Therapeutics Corporation. The Company will retain full ownership of the royalty rights after a certain threshold has been reached per the terms of the Agreement. The Company anticipates using these funds primarily to strengthen the balance sheet and enhance financial flexibility.</font>
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<font style="display: inline;font-size:10pt;">During the period from July 1, 2014 to August 8, 2014 holders of the Notes converted approximately $3.7 million of the Notes and the Company issued a total of approximately 0.7 million shares of common stock in conversion of the principal amount of the Notes and accrued interest thereon, and issued an additional 0.1 million shares of common stock in settlement of the interest make-whole provision related to the converted Notes.</font>
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<font style="display: inline;font-weight:bold;font-size:10pt;">Accounts Receivable, net</font>
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<font style="display: inline;font-size:10pt;"> </font>
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<font style="display: inline;font-size:10pt;">Accounts receivable are reported in the consolidated balance sheets at outstanding amounts, less allowances for doubtful accounts and prompt pay discounts. The Company extends credit without requiring collateral. The Company writes off uncollectible receivables when the likelihood of collection is remote. The Company evaluates the collectability of accounts receivable on a regular basis. An allowance, when needed, is based upon various factors including the financial condition and payment history of customers, an overall review of collections experience on other accounts, and economic factors or events expected to affect future collections experience. No accounts have been written off in 2014 or 2013. No allowance for uncollectible receivables is recorded at June 30, 2014 or December 31, 2013. The Company recorded an allowance of approximately $0.2 million and $0.1 million for expected prompt-pay discounts as of June 30, 2014 and December 31, 2013, respectively.</font>
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</div> </div>
-8540000
1355000
<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">Change in Accounting Estimate</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">During the second quarter of 2014 the Company changed an accounting estimate regarding revenue recognition on product sales for Trokendi XR, which was launched in August 2013. The Company now recognizes revenue from Trokendi XR based on shipments to wholesalers, because the Company now has sufficient historical experience to estimate sales deductions. Previously, revenue was recognized based on prescriptions filled during the prior quarter. The effect of this change was to increase net product sales by $15.4 million and cost of product sales by $0.9 million for the three and six month periods ended June 30, 2014.</font>
</p>
<p><font size="1"> </font></p>
</div> </div>
315852
30886309
30897075
41595232
42372137
30886309
30897075
41595232
42056285