|
Description of Business and Summary of Significant Accounting Policies (Tables)
|
9 Months Ended |
|
Sep. 30, 2013
|
| Description of Business and Summary of Significant Accounting Policies |
|
| Schedule of revenue from U.S., Canadian and all other international customers combined |
The following table sets forth revenue from the U.S., Canadian and all other international customers combined (in thousands):
|
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
|
|
|
|
2012 |
|
2013 |
|
2012 |
|
2013 |
|
|
Revenue-United States |
|
$ |
17,845 |
|
$ |
22,264 |
|
$ |
51,347 |
|
$ |
61,430 |
|
|
Revenue-Canada |
|
3,344 |
|
3,641 |
|
9,184 |
|
10,690 |
|
|
Revenue-all other international sources |
|
7,416 |
|
7,736 |
|
18,316 |
|
20,635 |
|
|
Total revenue |
|
$ |
28,605 |
|
$ |
33,641 |
|
$ |
78,847 |
|
$ |
92,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
International revenue (excluding Canada) as a percent of total revenue |
|
26 |
% |
23 |
% |
23 |
% |
22 |
% | |
| Schedule of changes in the product warranty liability |
The following table presents the changes in the product warranty liability (in thousands):
|
|
|
Warranty Liability |
|
|
Balance at December 31, 2012 |
|
$ |
1,155 |
|
|
Warranty costs accrued |
|
420 |
|
|
Warranty claims |
|
(414 |
) |
|
Balance at September 30, 2013 |
|
$ |
1,161 |
| |
| 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):
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
|
|
September 30, |
|
September 30, |
|
|
|
|
2012 |
|
2013 |
|
2012 |
|
2013 |
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
(4,092 |
) |
$ |
1,731 |
|
$ |
(6,256 |
) |
$ |
1,233 |
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
Weighted average common stock outstanding for basic net income (loss) per common share |
|
2,363 |
|
14,389 |
|
2,324 |
|
6,511 |
|
|
Effect of dilutive securities—stock options, convertible preferred stock, and warrants to purchase common stock and preferred stock |
|
— |
|
9,167 |
|
— |
|
14,695 |
|
|
Weighted average common shares and dilutive securities outstanding |
|
2,363 |
|
23,556 |
|
2,324 |
|
21,206 |
| |
| 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):
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
|
|
September 30, |
|
September 30, |
|
|
|
|
2012 |
|
2013 |
|
2012 |
|
2013 |
|
|
Convertible preferred stock |
|
15,294 |
|
— |
|
15,294 |
|
— |
|
|
Options to purchase common stock |
|
4,366 |
|
253 |
|
4,312 |
|
355 |
|
|
Warrants to purchase common stock |
|
541 |
|
— |
|
541 |
|
— |
|
|
Warrants to purchase preferred stock |
|
194 |
|
— |
|
194 |
|
1 |
|
|
Total |
|
20,395 |
|
253 |
|
20,341 |
|
356 |
| |