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1094392_13_item7_p31_s3
1094392_12_item7_p39_s3
Revenue from software license fees is recognized upon shipment if collection of the resulting receivable is probable, the fee is fixed or determinable, and vendor-specific objective evidence exists to allocate a portion of the total fee to any undelivered elements of the arrangement.
Revenue from software license fees is recognized upon shipment if collection of the resulting receivable is probable, the fee is fixed or determinable, and VSOE exists to allocate a portion of the total fee to any undelivered elements of the arrangement.
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1094392_13_item7_p32_s3
1094392_12_item7_p41_s0
We write down our excess and obsolete inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future product life-cycles, product demand and market conditions.
We maintain reserves for our excess and obsolete inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future product life-cycles, product demand and market conditions.
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1094392_13_item7_p42_s0
1094392_12_item7_p49_s2
Any remaining unallocated fair value represents the implied fair value of goodwill which is compared to the corresponding carrying value to compute the goodwill impairment amount.
goodwill which is compared to the corresponding carrying value to compute the goodwill impairment amount.
2
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1094392_13_item7_p57_s0
1094392_12_item7_p60_s3
We do not believe that this guidance will have a material impact on our consolidated financial position, results of operations, or cash flows.
The adoption of this ASU did not have a material impact on our consolidated financial position, results of operations, or cash flows.
2
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1094392_13_item7_p60_s0
1094392_12_item7_p60_s3
We do not believe that this guidance will have a material impact on our consolidated financial position, results of operations, or cash flows.
The adoption of this ASU did not have a material impact on our consolidated financial position, results of operations, or cash flows.
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1094392_13_item7_p54_s0
1094392_12_item7_p61_s0
In December 2011, the FASB issued ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities.
Impact of Recent Accounting Pronouncements In December 2011, the Financial Accounting Standards Board (FASB) issued ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities.
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1094392_13_item7_p57_s0
1094392_12_item7_p63_s2
We do not believe that this guidance will have a material impact on our consolidated financial position, results of operations, or cash flows.
The adoption of this ASU did not have a material impact on our consolidated financial position, results of operations, or cash flows.
2
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[]
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1094392_13_item7_p60_s0
1094392_12_item7_p63_s2
We do not believe that this guidance will have a material impact on our consolidated financial position, results of operations, or cash flows.
The adoption of this ASU did not have a material impact on our consolidated financial position, results of operations, or cash flows.
2
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1094392_13_item7_p58_s5
1094392_12_item7_p64_s3
This ASU should be applied retrospectively, and is effective for fiscal years and interim periods within those years, beginning after December 15, 2011.
These ASU s are effective for fiscal years and interim periods within those years, beginning after December 15, 2011 .
2
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1094392_13_item7_p58_s6
1094392_12_item7_p64_s4
We do not believe that this guidance will have a material impact on our consolidated financial position, results of operations, or cash flows, as it is disclosure-only in nature.
Other than a change in presentation, the adoption of this guidance did not have a material impact on our consolidated financial position, results of operations, or cash flows, as it is disclosure-only in nature.
2
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1094392_13_item7_p58_s6
1094392_12_item7_p65_s3
We do not believe that this guidance will have a material impact on our consolidated financial position, results of operations, or cash flows, as it is disclosure-only in nature.
Other than a change in presentation, the adoption of this guidance did not have a material impact on our consolidated financial position, results of operations, or cash flows, as it is disclosure-only in nature.
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1094392_13_item7_p57_s0
1094392_12_item7_p67_s0
The amendment did not have a material impact on our consolidated financial position, results of operations or cash flows.
The adoption of this ASU did not have a material impact on our consolidated financial position, results of operations, or cash flows.
2
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1094392_13_item7_p60_s0
1094392_12_item7_p67_s0
The amendment did not have a material impact on our consolidated financial position, results of operations or cash flows.
The adoption of this ASU did not have a material impact on our consolidated financial position, results of operations, or cash flows.
2
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1094392_13_item7_p57_s0
1094392_12_item7_p69_s1
We adopted this ASU in the first quarter of 2011 and the adoption of this ASU did not have a material impact on our consolidated financial position, results of operations or cash flows.
The adoption of this ASU did not have a material impact on our consolidated financial position, results of operations, or cash flows.
2
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1094392_13_item7_p60_s0
1094392_12_item7_p69_s1
We adopted this ASU in the first quarter of 2011 and the adoption of this ASU did not have a material impact on our consolidated financial position, results of operations or cash flows.
The adoption of this ASU did not have a material impact on our consolidated financial position, results of operations, or cash flows.
2
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1094392_14_item7_p14_s11
1094392_13_item7_p11_s12
The year-over-year decrease in parts and service revenues in absolute dollars from 2011 to 2012 is primarily due to decreased spending by our customers on repairs of existing systems as they purchased new systems.
The year-over-year increase in parts and service revenues in absolute dollars from 2012 to 2013 was primarily due to increased spending by our customers on repairs of existing systems.
2
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1094392_14_item7_p14_s16
1094392_13_item7_p11_s17
The increase in gross profit as a percentage of revenue from 2010 to 2011 is primarily due to product mix, which included an increase in software sales.
The decrease in gross profit as a percentage of revenue from 2011 to 2012 was primarily due to product mix, which included a decrease in software sales.
2
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[ "decrease", "2012", "decrease" ]
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1094392_14_item7_p14_s3
1094392_13_item7_p11_s5
The year-over-year increase in parts and service revenues in absolute dollars from 2010 to 2011 is primarily due to increased spending by our customers on repairs of existing systems.
The year-over-year decrease in parts and service revenues in absolute dollars from 2011 to 2012 was primarily due to decreased spending by our customers on repairs of existing systems as they purchased new systems.
2
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[]
[ "decrease", "2012", "decreased", "purchased", "new" ]
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1094392_14_item7_p14_s5
1094392_13_item7_p11_s7
Total systems and software revenue increased for the year ended December 31, 2012 as compared to the year ended December 31, 2011 due to an increase in demand for our products in advanced packaging.
Total systems and software revenue decreased for the year ended December 31, 2013 as compared to the year ended December 31, 2012 due to a decrease in demand for our products in advanced packaging and front-end systems.
2
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[]
[ "decreased", "decrease", "front", "end" ]
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1094392_14_item7_p14_s6
1094392_13_item7_p11_s8
This contributed to an increase in the number of inspection systems sold year-over-year and reflects an increase in inspection systems revenue of $37.1 million .
This contributed to a decrease in the number of inspection systems sold year-over-year and reflected a decrease in inspection systems revenue of $39.8 million .
2
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[]
[ "decrease", "reflected", "decrease", "39.8" ]
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1094392_14_item7_p18_s2
1094392_13_item7_p14_s3
This year-over-year decrease from 2011 to 2012 is primarily due to decreased corporate legal expenses, partially offset by increased compensation costs.
The year-over-year decrease from 2011 to 2012 in selling, general and administrative expense was primarily due to decreased corporate legal expenses, partially offset by increased compensation costs.
2
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[ "selling", "general", "administrative", "expense" ]
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1094392_14_item7_p19_s0
1094392_13_item7_p16_s1
The income tax benefit differs from the federal statutory income tax rate of 35%, primarily as a result of reversal of valuation allowances, partially offset by projected tax expense in U.S. and foreign locations.
The income tax benefit differs from the federal statutory income tax rate of 35% in 2011 and 2012, primarily as a result of reversal of valuation allowances, partially offset by taxes accrued in foreign jurisdictions.
2
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[ "taxes", "accrued", "jurisdictions" ]
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1094392_14_item7_p24_s5
1094392_13_item7_p22_s3
During the year ended December 31, 2010 , cash provided by operating activities was primarily due to net income, adjusted to exclude the effect of non-cash charges, of $37.1 million , an increase in accrued liabilities of $2.7 million , a decrease in income tax receivable of $2.3 million , an increase in accounts payab...
During the year ended December 31, 2013 , cash provided by operating activities was primarily due to net income, adjusted to exclude the effect of non-cash charges, of $19.8 million , a decrease in account receivable of $2.6 million , and a decrease in prepaid expenses and other assets of $1.4 million , partially offse...
2
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[]
[ "19.8", "account", "2.6", "prepaid", "expenses", "assets", "1.4", "inventory", "6.8", "3.0", "taxes", "4.6", "2.4" ]
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1094392_14_item7_p24_s8
1094392_13_item7_p23_s3
During the year ended December 31, 2011 , net cash used by investing activities included purchases of marketable securities of $81.0 million and capital expenditures of $1.6 million , partially offset by proceeds from sales of marketable securities of $11.4 million .
During the year ended December 31, 2012 , net cash used by investing activities included purchases of marketable securities of $96.3 million , acquisition costs for business combinations of $18.6 million , and capital expenditures of $2.4 million , which were partially offset by proceeds from sales of marketable securi...
2
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[]
[ "96.3", "acquisition", "costs", "business", "combinations", "18.6", "2.4", "102.4" ]
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1094392_14_item7_p24_s7
1094392_13_item7_p23_s4
During the year ended December 31, 2012 , net cash used by investing activities included purchases of marketable securities of $96.3 million , acquisition costs for business combinations of $18.6 million , and capital expenditures of $2.4 million , partially offset by proceeds from sales of marketable securities of $10...
During the year ended December 31, 2011 , net cash used by investing activities included purchases of marketable securities of $81.0 million and capital expenditures of $1.6 million , which were partially offset by proceeds from sales of marketable securities of $11.4 million .
2
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[]
[ "81.0", "1.6", "11.4" ]
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1094392_14_item7_p43_s2
1094392_13_item7_p42_s0
goodwill which is compared to the corresponding carrying value to compute the goodwill impairment amount.
Any remaining unallocated fair value represents the implied fair value of goodwill which is compared to the corresponding carrying value to compute the goodwill impairment amount.
2
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[]
[ "remaining", "unallocated", "fair", "represents", "implied", "fair" ]
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1094392_14_item7_p58_s4
1094392_13_item7_p57_s0
The adoption of this ASU did not have a material impact on our consolidated financial position, results of operations, or cash flows.
We do not believe that this guidance will have a material impact on our consolidated financial position, results of operations, or cash flows.
2
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[]
[ "believe", "guidance" ]
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1094392_14_item7_p60_s0
1094392_13_item7_p57_s0
The adoption of this ASU did not have a material impact on our consolidated financial position, results of operations, or cash flows.
The adoption of this amendment did not have a material impact on our consolidated financial position, results of operations or cash flows.
2
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[]
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1094392_14_item7_p57_s0
1094392_13_item7_p58_s5
These ASU s are effective for fiscal years and interim periods within those years, beginning after December 15, 2011 .
effective for fiscal years, and interim periods within those years, beginning after December 15, 2013 .
2
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[]
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1094392_14_item7_p58_s4
1094392_13_item7_p60_s0
The adoption of this ASU did not have a material impact on our consolidated financial position, results of operations, or cash flows.
We do not believe that this guidance will have a material impact on our consolidated financial position, results of operations, or cash flows.
2
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[]
[ "believe", "guidance" ]
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1094392_14_item7_p60_s0
1094392_13_item7_p60_s0
The adoption of this ASU did not have a material impact on our consolidated financial position, results of operations, or cash flows.
The adoption of this amendment did not have a material impact on our consolidated financial position, results of operations or cash flows.
2
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[]
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1094392_15_item7_p10_s7
1094392_14_item7_p13_s0
Total systems and software revenue increased for the year ended December 31, 2012 as compared to the year ended December 31, 2011 due to an increase in demand for our products in advanced packaging.
Total systems and software revenue increased for the year ended December 31, 2014 as compared to the year ended December 31, 2013 due to an increase in licensing and lithography revenue.
2
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[ "licensing", "lithography" ]
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1094392_15_item7_p9_s0
1094392_14_item7_p13_s0
Total systems and software revenue increased for the year ended December 31, 2012 as compared to the year ended December 31, 2011 due to an increase in demand for our products in advanced packaging.
Total systems and software revenue decreased for the year ended December 31, 2013 as compared to the year ended December 31, 2012 due to a decrease in demand for our products in advanced packaging and front-end systems.
2
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[ "decreased", "decrease", "front", "end" ]
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1094392_15_item7_p10_s19
1094392_14_item7_p14_s17
The decrease in gross profit as a percentage of revenue from 2012 to 2013 was primarily due to lower volume of system and software sales as well as product mix.
The increase in gross profit as a percentage of revenue from 2013 to 2014 was primarily due to higher volume of software sales as well as product mix.
2
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1094392_15_item7_p10_s13
1094392_14_item7_p14_s3
The year-over-year decrease in parts and service revenues in absolute dollars from 2011 to 2012 was primarily due to decreased spending by our customers on repairs of existing systems as they purchased new systems.
The year-over-year increase in parts and service revenues in absolute dollars from 2013 to 2014 was primarily due to increased spending by our customers on repairs of existing systems.
2
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1094392_15_item7_p10_s5
1094392_14_item7_p14_s3
The year-over-year decrease in parts and service revenues in absolute dollars from 2011 to 2012 was primarily due to decreased spending by our customers on repairs of existing systems as they purchased new systems.
The year-over-year increase in parts and service revenues in absolute dollars from 2012 to 2013 was primarily due to increased spending by our customers on repairs of existing systems.
2
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[]
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1094392_15_item7_p16_s3
1094392_14_item7_p22_s3
The U.S. Federal Court of Appeals did affirm the jury s finding of damages against us related to products sold prior to August of 2007 for which we are in the process of pursuing an appeal.
The U.S. Federal Court of Appeals did affirm the jury s finding of damages against us related to products sold prior to August of 2007 for which we ultimately paid $10.6 million to ITC to satisfy the damages award.
2
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1094392_15_item7_p18_s7
1094392_14_item7_p24_s7
During the year ended December 31, 2011 , net cash used by investing activities included purchases of marketable securities of $81.0 million and capital expenditures of $1.6 million , which were partially offset by proceeds from sales of marketable securities of $11.4 million .
During the year ended December 31, 2012 , net cash used by investing activities included purchases of marketable securities of $96.3 million , acquisition costs for business combinations of $18.6 million , and capital expenditures of $2.4 million , which were partially offset by proceeds from sales of marketable securi...
2
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1094392_15_item7_p24_s0
1094392_14_item7_p27_s8
For additional information, see Note 8 to the consolidated financial statements included elsewhere in this Annual Report on Form 10-K. Our future capital requirements will depend on many factors, including the timing and amount of our revenues and our investment decisions, which will affect our ability to generate addi...
Our future capital requirements will depend on many factors, including the timing and amount of our revenues and our investment decisions, which will affect our ability to generate additional cash.
2
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1094392_15_item7_p28_s1
1094392_14_item7_p31_s1
Revenue recognition generally results at the following points: (1) for all transactions where legal title passes to the customer upon shipment, revenue is recognized upon shipment for all products that have been demonstrated to meet product specifications prior to shipment; the portion of revenue associated with certai...
Revenue recognition generally results at the following points: (1) for all transactions where legal title passes to the customer upon shipment, revenue is recognized upon shipment for all products that have been demonstrated to meet product specifications prior to shipment; the portion of revenue associated with certai...
2
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1094392_16_item7_p12_s1
1094392_15_item7_p10_s18
The decrease in gross profit as a percentage of revenue from 2012 to 2013 was primarily due to lower volume of system and software sales as well as product mix.
The increase in gross profit as a percentage of revenue from 2013 to 2014 was primarily due to higher volume of software sales as well as product mix.
2
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1094392_16_item7_p19_s0
1094392_15_item7_p17_s1
At December 31, 2014 , we had $157.0 million of cash, cash equivalents and marketable securities and $254.5 million in working capital.
Liquidity and Capital Resources At December 31, 2015 , we had $161.5 million of cash, cash equivalents and marketable securities and $197.0 million in working capital.
2
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[ "Liquidity", "Capital", "Resources", "161.5", "197.0" ]
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1094392_16_item7_p21_s0
1094392_15_item7_p18_s9
During the year ended December 31, 2014 , net cash used by investing activities included purchases of marketable securities of $243.7 million , and capital expenditures of $2.1 million , which were partially offset by proceeds from sales of marketable securities of $217.2 million .
activities included purchases of marketable securities of $243.7 million , and capital expenditures of $2.1 million , which were partially offset by proceeds from sales of marketable securities of $217.2 million .
2
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1094392_16_item7_p40_s0
1094392_15_item7_p38_s0
Under the amendments of ASC 350-10, ASU No. 2011-08, Testing Goodwill for Impairment, beginning in the first quarter of 2012, we have the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value ...
We have the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount.
2
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1094392_16_item7_p44_s0
1094392_15_item7_p41_s2
Any remaining unallocated fair value represents the implied fair value of goodwill which is compared to the corresponding carrying value to compute the goodwill impairment amount.
which is compared to the corresponding carrying value to compute the goodwill impairment amount.
2
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1094392_16_item7_p10_s0
1094392_15_item7_p9_s0
Total systems and software revenue decreased for the year ended December 31, 2013 as compared to the year ended December 31, 2012 due to a decrease in demand for our products in advanced packaging and front-end systems.
Total systems and software revenue increased for the year ended December 31, 2015 as compared to the year ended December 31, 2014 due to increased demand for our products in advanced packaging and front-end systems.
2
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1094392_17_item7_p0_s2
1094392_16_item7_p0_s2
All Rudolph systems feature sophisticated software and production-worthy automation.
All of our systems feature sophisticated software and production-worthy automation.
2
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1094392_17_item7_p0_s3
1094392_16_item7_p0_s3
Rudolph systems are backed by worldwide customer support.
Our systems are backed by worldwide customer service and applications support.
2
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1094392_17_item7_p9_s8
1094392_16_item7_p10_s1
The year-over-year increases in inspection, metrology and lithography systems revenue totaled $31.1 million , $1.3 million and $3.4 million , respectively.
The year-over-year increases in process control and lithography systems revenue totaled $32.4 million and $3.4 million , respectively.
2
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[ "process", "control", "32.4" ]
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1094392_17_item7_p10_s4
1094392_16_item7_p12_s0
to 2015 was primarily due to an increase in product and software sales volume and product mix.
The increase in gross profit as a percentage of revenue from 2014 to 2015 was primarily due to an increase in product and software sales volume and product mix.
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[]
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1094392_17_item7_p12_s3
1094392_16_item7_p14_s2
In 2014 there was a significant increase to litigation expenses related to the final judgment awarded to Integrated Technology Corporation ( ITC ).
The decrease from 2014 to 2015 was due primarily to a significant increase to litigation expenses in 2014 related to the final judgment awarded to Integrated Technology Corporation ( ITC ).
2
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[ "decrease", "due", "primarily" ]
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1094392_17_item7_p12_s4
1094392_16_item7_p14_s3
For more information on the ITC litigation, See Part I Item 3 of this Form 10-K. There were also restructuring charges in 2014 due primarily to the closure of our facility in Mainz, Germany.
There were also restructuring charges in 2014 due primarily to the closure of our facility in Mainz, Germany.
2
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1094392_17_item7_p20_s3
1094392_16_item7_p21_s0
activities included purchases of marketable securities of $243.7 million , and capital expenditures of $2.1 million , which were partially offset by proceeds from sales of marketable securities of $217.2 million .
During the year ended December 31, 2014 , net cash used by investing activities included purchases of marketable securities of $243.7 million , and purchases of property, plant and equipment of $2.1 million , which were partially offset by proceeds from sales of marketable securities of $217.2 million .
2
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1094392_17_item7_p22_s5
1094392_16_item7_p25_s2
We have not utilized the credit agreement to date.
We have not utilized the line of credit to date.
2
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1094392_17_item7_p39_s2
1094392_16_item7_p44_s0
which is compared to the corresponding carrying value to compute the goodwill impairment amount.
Any remaining unallocated fair value represents the implied fair value of goodwill which is compared to the corresponding carrying value to compute the goodwill impairment amount.
2
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1094392_17_item7_p53_s4
1094392_16_item7_p56_s4
The standard is effective for annual periods and interim periods within those annual periods beginning after December 15, 2016.
The standard is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018 with earlier adoption permitted.
2
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1094392_17_item7_p57_s1
1094392_16_item7_p59_s1
ASU 2014-09 outlines a comprehensive revenue recognition model and supersedes most current revenue recognition guidance.
ASU No. 2014-09, as amended, outlines a comprehensive revenue recognition model and supersedes most current revenue recognition guidance as amended.
2
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1094392_17_item7_p54_s0
1094392_16_item7_p60_s1
We are in the process of determining the adoption method as well as the effects the adoption of ASU 2014-09 will have on our consolidated financial position, results of operations, and cash flows.
We are in the process of evaluating the effects the adoption of ASU No. 2016-02 will have on our consolidated financial position, results of operations, and cash flows.
2
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[ "evaluating" ]
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1094392_18_item7_p1_s3
1094392_17_item7_p0_s2
All of our systems feature sophisticated software and production-worthy automation.
All Rudolph systems feature sophisticated software and production-worthy automation.
2
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[]
[ "Rudolph" ]
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1094392_18_item7_p2_s0
1094392_17_item7_p0_s3
Our systems are backed by worldwide customer service and applications support.
Rudolph systems are backed by worldwide customer service and applications support.
2
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1094392_18_item7_p65_s7
1094392_17_item7_p53_s1
The standard requires that lessees will be required to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months.
This ASU requires that lessees will be required to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months.
2
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[ "ASU" ]
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1094392_18_item7_p65_s10
1094392_17_item7_p53_s4
The standard is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018 with earlier adoption permitted.
This ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018 with earlier adoption permitted.
2
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[ "ASU" ]
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1094392_18_item7_p59_s0
1094392_17_item7_p56_s0
The adoption of ASU 2015-11 is not expected to have a material effect on our consolidated financial position, results of operations, and cash flows.
The adoption of ASU 2015-11 did not have any impact on our consolidated financial position, results of operations, and cash flows.
2
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1094392_18_item7_p65_s10
1094392_17_item7_p57_s3
The standard is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017 with earlier adoption permitted.
This ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018 with earlier adoption permitted.
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[]
[ "ASU" ]
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1094392_18_item7_p66_s0
1094392_17_item7_p57_s5
We are in the process of determining the adoption method as well as the effects the adoption of ASU No. 2014-09 will have on our consolidated financial position, results of operations, and cash flows.
We are in the process of evaluating the effects that the adoption of ASU No. 2016-02 will have on our consolidated financial position, results of operations, and cash flows.
2
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[]
[ "evaluating" ]
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1095981_12_item7_p92_s1
1095981_11_item7_p101_s1
We have an accumulated deficit of $209,998,000 as of December 31, 2010.
We have an accumulated deficit of $242,449,000 as of December 31, 2011.
2
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[ "We", "have", "an", "accumulated", "deficit", "of", "$", "209,998,000", "as", "of", "December", "31", ",", "2010", "." ]
[ "We", "have", "an", "accumulated", "deficit", "of", "$", "242,449,000", "as", "of", "December", "31", ",", "2011", "." ]
[]
[ "242,449,000" ]
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1095981_12_item7_p77_s0
1095981_11_item7_p125_s0
Since these warrants do not qualify for hedge accounting, all future changes in the fair value of the warrants will be recognized currently in earnings until such time as the warrants are exercised or expire.
Future changes in the fair value of the warrant liability will be recognized currently in earnings until such time as the warrants are exercised or expire.
2
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[]
[ "Future", "warrant", "liability" ]
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1095981_12_item7_p126_s2
1095981_11_item7_p136_s2
Additionally, one distributor and two direct customers accounted for 55% of total outstanding accounts receivable as of December 31, 2009.
Additionally, two direct customers accounted for 27% of total outstanding accounts receivable as of December 31, 2011.
2
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[]
[]
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1095981_12_item7_p129_s0
1095981_11_item7_p139_s0
Proportional performance methodology was elected due to the nature of our development obligations and efforts in support of the Joint Venture including product development activities and regulatory efforts to support the commercialization of the Joint Venture products.
Proportional performance methodology was elected due to the nature of our development obligations and efforts in support of the Joint Venture ( JV ), including product development activities and regulatory efforts to support the commercialization of the JV products.
2
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[]
[ "JV", "JV" ]
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1095981_12_item7_p129_s1
1095981_11_item7_p139_s1
The application of this methodology uses the achievement of R D milestones as outputs of value to the Joint Venture.
The application of this methodology uses the achievement of R D milestones as outputs of value to the JV.
2
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[]
[ "JV" ]
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1095981_12_item7_p129_s3
1095981_11_item7_p139_s3
As our research and development efforts progress, we periodically evaluate, and modify if necessary, the milestone points in our proportional performance model to ensure that revenue recognition accurately reflects our best estimate of substantive value deliverable to the Joint Venture.
As our research and development efforts progress, we periodically evaluate, and modify if necessary, the milestone points in our proportional performance model to ensure that revenue recognition accurately reflects our best estimate of substantive value deliverable to the JV.
2
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[]
[ "JV" ]
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1095981_12_item7_p130_s0
1095981_11_item7_p161_s0
See Notes to Consolidated Financial Statements included elsewhere herein for disclosure and discussion of new accounting standards.
See Notes to Consolidated Financial Statements included elsewhere herein for disclosure and a discussion of critical accounting policies and significant estimates.
2
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[ "See", "Notes", "to", "Consolidated", "Financial", "Statements", "included", "elsewhere", "herein", "for", "disclosure", "and", "discussion", "of", "new", "accounting", "standards", "." ]
[ "See", "Notes", "to", "Consolidated", "Financial", "Statements", "included", "elsewhere", "herein", "for", "disclosure", "and", "a", "discussion", "of", "critical", "accounting", "policies", "and", "significant", "estimates", "." ]
[]
[ "critical", "policies", "significant", "estimates" ]
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1095981_12_item7_p29_s1
1095981_11_item7_p40_s1
For product sales that include a combination of equipment, services, or other multiple deliverables that will be provided in the future, we defer an estimate of the fair value of those future deliverables from product revenue until such deliverables have been provided or earned.
Beginning in 2011, for product sales that include a combination of equipment, services, or other multiple deliverables that will be provided in the future, we defer an estimate based on relative selling price method for those future deliverables from product revenue until such deliverables have been provided or earned.
2
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[]
[ "Beginning", "based", "relative", "selling", "price", "method" ]
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1095981_12_item7_p37_s3
1095981_11_item7_p47_s3
The clinical milestones reflect the achievement of the primary goals of safety and feasibility, the completion of the enrollment process for both of our clinical cardiac trials, and completion of a monitoring end point for one cardiac trial.
During the year ended December 31, 2009, we recognized $8,840,000 of revenue associated with our arrangement with Olympus as a result of achieving three clinical milestones during the year, which reflected the achievement of the primary goals of safety and feasibility, the completion of the enrollment process for both ...
2
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[]
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1095981_12_item7_p40_s1
1095981_11_item7_p52_s2
The exact timing of when amounts will be reported in revenue will depend on internal factors (for instance, our ability to complete certain contributions and obligations that we have agreed to perform) as well as external considerations, including obtaining certain regulatory clearances and/or approvals related to the ...
The exact timing of whether additional development revenue will be recognized and when amounts will be reported in revenue will depend on internal factors (for instance, our ability to complete certain contributions and obligations that we have agreed to perform) as well as external considerations, including obtaining ...
2
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[]
[ "whether", "additional", "development", "recognized" ]
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1095981_12_item7_p40_s2
1095981_11_item7_p52_s3
The cash for these contributions and obligations was received when the agreement was signed and no further related cash payments will be made to us.
However, the cash for these contributions and obligations was received by us when the joint venture agreement was signed and no further related cash payments will be made to us even if we recognize additional development revenue related to Olympus.
2
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[]
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1095981_12_item7_p50_s0
1095981_11_item7_p62_s0
The increase in sales and marketing expense for the year ended December 31, 2010 as compared to the same period in 2009 was mainly attributed to the increase in salary and related benefits expense (excluding share-based compensation) of $2,050,000, an increase in travel related expenses of $526,000, increased promotion...
The increase in sales and marketing expense during the year ended December 31, 2011 as compared to the same period in 2010 was mainly attributed to the increase in salary and related benefits expense (excluding share-based compensation) of $1,532,000 due to an increase in headcount in anticipation of US regulatory appr...
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1095981_12_item7_p66_s1
1095981_11_item7_p78_s1
The grant date fair value of option awards granted to our officers and directors was $2.73 per share.
The grant date fair value of the awards granted to our officers and directors was $2.70 per share.
2
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1095981_12_item7_p78_s0
1095981_11_item7_p80_s0
The following is a table summarizing the change in fair value of warrant liability for the years ended December 31, 2010, 2009 and 2008:
The following is a table summarizing the change in fair value of option liability for the years ended December 31, 2011, 2010 and 2009:
2
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1095981_12_item7_p77_s0
1095981_11_item7_p82_s1
The warrants do not qualify for hedge accounting, and as such, all future changes in the fair value of these warrants will be recognized currently in earnings until such time as the warrants are exercised or expire.
Future changes in the fair value of the warrant liability will be recognized currently in earnings until such time as the warrants are exercised or expire.
2
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1095981_12_item7_p113_s0
1095981_11_item7_p87_s0
Future changes in the fair value of the warrant liability will be recognized currently in earnings until such time as the warrants are exercised or expire.
Since these warrants do not qualify for hedge accounting, all future changes in the fair value of the warrants will be recognized currently in earnings until such time as the warrants are exercised or expire.
2
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1095981_12_item7_p73_s0
1095981_11_item7_p87_s0
Future changes in the fair value of the warrant liability will be recognized currently in earnings until such time as the warrants are exercised or expire.
Since these warrants do not qualify for hedge accounting, all future changes in the fair value of the warrants will be recognized currently in earnings until such time as the warrants are exercised or expire.
2
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1095981_12_item7_p70_s0
1095981_11_item7_p88_s0
The following is a table summarizing the change in fair value of option liability for the years ended December 31, 2010, 2009 and 2008:
The following is a table summarizing the change in fair value of warrant liability for the years ended December 31, 2011, 2010 and 2009:
2
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1095981_13_item7_p53_s0
1095981_12_item7_p113_s0
Since these warrants do not qualify for hedge accounting, all future changes in the fair value of the warrants will be recognized currently in earnings until such time as the warrants are exercised or expire.
The future: Future changes in the fair value of the warrant liability will be recognized currently in earnings until such time as the warrants are exercised or expire in August 2013.
2
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1095981_13_item7_p89_s0
1095981_12_item7_p130_s0
See Notes to Consolidated Financial Statements included elsewhere herein for disclosure and a discussion of critical accounting policies and significant estimates.
See Notes to Consolidated Financial Statements included elsewhere herein for disclosure and discussion of new accounting standards.
2
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[]
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1095981_13_item7_p87_s0
1095981_12_item7_p131_s0
See Notes to Consolidated Financial Statements included elsewhere herein for disclosure and discussion of new accounting standards.
See Notes to Consolidated Condensed Financial Statements included elsewhere herein for disclosure and discussion of revenue recognition.
2
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1095981_13_item7_p88_s0
1095981_12_item7_p131_s0
See Notes to Consolidated Financial Statements included elsewhere herein for disclosure and discussion of new accounting standards.
See Notes to Consolidated Condensed Financial Statements included elsewhere herein for disclosure and discussion of stock-based compensation.
2
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1095981_13_item7_p28_s1
1095981_12_item7_p38_s2
To receive funds under the grant arrangement, we were required to (i) demonstrate that we incurred qualifying expenses, as defined in the grant agreement between the NIH and us, (ii) maintain a system of controls, whereby we can accurately track and report all expenditures related solely to research on Adipose Tissue-D...
To receive funds under this arrangement, we are required to (i) demonstrate that we incurred qualifying expenses, as defined in the contract agreement between BARDA and us, (ii) maintain a system of controls, whereby we can accurately track and report all expenditures related solely to develop a new countermeasure for ...
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1095981_13_item7_p28_s2
1095981_12_item7_p38_s3
During the year ended December 31, 2009, we incurred $49,000 in qualified expenditures.
During the year ended December 31, 2012, we incurred $331,000 in qualified expenditures.
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[ "331,000" ]
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1095981_13_item7_p28_s3
1095981_12_item7_p38_s4
We recognized a total of $49,000 in revenues for the year ended December 31, 2009, which included allowable grant fees as well as cost reimbursements.
We recognized a total of $355,000 in revenues for the year ended December 31, 2012, which included allowable fees as well as cost reimbursements.
2
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[ "355,000" ]
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1095981_13_item7_p37_s0
1095981_12_item7_p48_s0
The future : We expect research and development expenditures to increase in 2012 as we are scheduled to continue enrollment in the ADVANCE cardiac trial, start enrollment in our US trial ATHENA and seek additional regulatory clearances and potentially seek to initiate additional trials or patient registries during 2012...
The future : We expect research and development expenditures to increase in 2013 as we continue enrollment in our US trial ATHENA, limited enrollment in the ADVANCE cardiac trial, continue development work under our BARDA contract, and as we seek additional regulatory clearances and potentially seek to initiate additio...
2
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[]
[ "limited", "work", "BARDA", "contract" ]
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1095981_13_item7_p50_s0
1095981_12_item7_p69_s0
We expect to continue to grant options (which will result in an expense) to our employees, directors, and, as appropriate, to non-employee service providers.
We expect to continue to grant options and stock awards (which will result in an expense) to our employees, directors, and, as appropriate, to non-employee service providers.
2
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[ "stock", "awards" ]
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1095981_13_item7_p54_s0
1095981_12_item7_p70_s0
The following is a table summarizing the change in fair value of warrant liability for the years ended December 31, 2011, 2010 and 2009:
The following is a table summarizing the change in fair value of option liability for the years ended December 31, 2012, 2011 and 2010:
2
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[]
[ "option" ]
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1095981_13_item7_p53_s0
1095981_12_item7_p73_s0
Since these warrants do not qualify for hedge accounting, all future changes in the fair value of the warrants will be recognized currently in earnings until such time as the warrants are exercised or expire.
The future: Future changes in the fair value of the warrant liability will be recognized currently in earnings until such time as the warrants are exercised or expire in August 2013.
2
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1095981_13_item7_p51_s0
1095981_12_item7_p78_s0
The following is a table summarizing the change in fair value of option liability for the years ended December 31, 2011, 2010 and 2009:
The following is a table summarizing the change in fair value of warrant liability for the years ended December 31, 2012, 2011 and 2010:
2
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[]
[ "warrant" ]
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1095981_13_item7_p9_s0
1095981_12_item7_p7_s0
In the U.S., we received approval to begin our ATHENA feasibility trial in chronic myocardial ischemia, which will be a prospective, double blind, placebo-controlled, multi-center trial in up to 45 patients.
In the U.S., we are conducting our ATHENA trial, a prospective, double blind, placebo-controlled, multi-center trial in up to 45 patients.
2
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[]
[ "conducting" ]
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1095981_13_item7_p56_s0
1095981_12_item7_p82_s0
The Put has no expiration date.
The future: The Put has no expiration date.
2
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1095981_13_item7_p58_s0
1095981_12_item7_p85_s0
Interest expense increased in 2010 as compared to 2009 due to cash interest and non-cash amortization of debt issuance costs and debt discount for the $20.0 million term loan.
Interest expense increased for the year ended December 31, 2012 and December 31, 2011 as compared to prior years due to cash interest and non-cash amortization of debt issuance costs and debt discount for our $25.0 million term loan.
2
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1095981_13_item7_p59_s1
1095981_12_item7_p87_s1
Subject to our future financing activities, we expect interest expense in 2012 to increase as we continue to pay interest on the $25.0 million term loan that funded in September 2011.
Subject to our future financing activities, we expect interest expense in 2012 to remain relatively stable as we continue to pay interest on the $25.0 million term loan that was amended in September 2011.
2
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1095981_13_item7_p72_s0
1095981_12_item7_p96_s0
In October 2010, we entered into an underwriting agreement with Jefferies, relating to the issuance and sale of 4,600,000 shares of our common stock.
In December 2012, we entered into an underwriting agreement with Lazard Capital Markets, LLC (underwriter), relating to the issuance and sale of 7,020,000 shares of our common stock.
2
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[ "December", "2012", "Lazard", "Capital", "Markets", "LLC", "underwriter", "7,020,000" ]
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