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Description of Business and Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Description of Business and Summary of Significant Accounting Policies |
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| Schedule of revenue from U.S., Canadian and all other international dealers and distributors combined |
The following table sets forth revenue from the U.S., Canadian and all other international dealers and distributors combined (in thousands):
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Years Ended December 31, |
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2011 |
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2012 |
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2013 |
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Revenue-United States |
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$ |
63,625 |
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$ |
69,957 |
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$ |
85,525 |
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Revenue-Canada |
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10,480 |
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12,453 |
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14,079 |
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Revenue-all other international sources |
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19,271 |
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27,102 |
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28,907 |
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Total revenue |
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$ |
93,376 |
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$ |
109,512 |
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$ |
128,511 |
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International revenue (excluding Canada) as a percent of total revenue |
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21 |
% |
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25 |
% |
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22 |
% |
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| Schedule of changes in the product warranty liability |
The following table presents the changes in the product warranty liability (in thousands):
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Years Ended December 31, |
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2011 |
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2012 |
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2013 |
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Balance at the beginning of the period |
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$ |
775 |
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$ |
1,030 |
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$ |
1,155 |
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Warranty costs accrued |
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727 |
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1,050 |
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1,025 |
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Warranty claims |
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(472 |
) |
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(925 |
) |
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(967 |
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Balance at the end of the period |
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$ |
1,030 |
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$ |
1,155 |
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$ |
1,213 |
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| Schedule of reconciliation of the numerator and denominator used in the calculation of basic and diluted net income (loss) per share |
The following table presents the reconciliation of the numerator and denominator used in the calculation of basic and diluted net income (loss) per share (in thousands):
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Years Ended December 31, |
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2011 |
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2012 |
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2013 |
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Numerator: |
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Net income (loss) |
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$ |
(3,885 |
) |
$ |
(3,723 |
) |
$ |
3,503 |
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Denominator: |
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Weighted average common stock outstanding for basic net income (loss) per common share |
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1,923 |
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2,360 |
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10,609 |
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Effect of dilutive securities—stock options, convertible preferred stock, and warrants to purchase common stock and preferred stock |
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— |
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— |
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11,654 |
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Weighted average common shares and dilutive securities outstanding |
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1,923 |
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2,360 |
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22,263 |
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| Schedule of anti-dilutive weighted-average common stock equivalents excluded from the calculation of diluted net income (loss) per share |
The following weighted-average common stock equivalents were anti-dilutive and therefore were excluded from the calculation of diluted net income (loss) per share (in thousands):
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Years Ended December 31, |
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2011 |
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2012 |
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2013 |
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Convertible preferred stock |
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15,257 |
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15,294 |
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— |
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Options to purchase common stock |
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3,953 |
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4,317 |
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356 |
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Warrants to purchase common stock |
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510 |
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541 |
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1 |
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Warrants to purchase preferred stock |
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194 |
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194 |
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— |
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Total |
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19,914 |
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20,346 |
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357 |
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| Schedule of changes in the allowance for doubtful accounts |
The following table presents the changes in the allowance for doubtful accounts (in thousands):
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Years Ended December 31, |
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2011 |
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2012 |
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2013 |
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Balance at beginning of period |
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$ |
619 |
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$ |
651 |
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$ |
643 |
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Provision |
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283 |
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184 |
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159 |
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Deductions |
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(251 |
) |
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(192 |
) |
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(197 |
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Balance at end of period |
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$ |
651 |
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$ |
643 |
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$ |
605 |
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| Schedule of estimated useful lives of property and equipment |
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Furniture and fixtures |
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2 - 5 years |
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Manufacturing tooling and test equipment |
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2 - 3 years |
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Lab and warehouse equipment |
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2 - 4 years |
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Computer equipment and software |
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3 - 4 years |
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Marketing equipment |
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2 - 3 years |
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