Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table presents information regarding stock options granted, exercised and forfeited for the periods presented:

	Number Of Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
					(in thousands)
December 31, 2014	5,112,556		$	3.19	$	21,116
Granted	152,624		7.79
Exercised	(454,613	)	1.76		2,814
Forfeited	(178,531	)	8.96
June 30, 2015	4,632,036		3.26		23,831
Vested and exercisable at June 30, 2015	3,455,067		$	2.06	$	21,521

As of June 30, 2015, the stock options outstanding had a remaining contractual life of 6.32 years.

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Stock-Based Compensation

The following table presents information regarding stock options granted, exercised and forfeited for the periods presented:

	Number Of Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
					(in thousands)
December 31, 2014	5,112,556		$	3.19	$	21,116
Granted	152,624		7.79
Exercised	(454,613	)	1.76		2,814
Forfeited	(178,531	)	8.96
June 30, 2015	4,632,036		3.26		23,831
Vested and exercisable at June 30, 2015	3,455,067		$	2.06	$	21,521

As of June 30, 2015, the stock options outstanding had a remaining contractual life of 6.32 years.

Stock-based compensation expense includes stock options and restricted stock granted to employees and non-employees and has been reported in the Company’s statements of operations in claims expenses, other cost of revenue, sales and marketing, technology and development, and general and administrative expenses depending on the function performed by the employee or non-employee. The Company measures compensation expense on a straight-line basis except for restricted stock with a performance condition which is measured on a graded vesting schedule. The remaining 584,385 shares of unvested restricted stock measured on a graded vesting schedule are expected to vest over the remaining service term of approximately 4.25 years.

As of June 30, 2015, the Company had unrecognized stock-based compensation of $5.6 million related to stock options and restricted stock held by employees and non-employees, which is expected to vest over a weighted-average period of approximately 2.30 years. As of June 30, 2015, the Company had 1,176,969 unvested stock options and 592,553 restricted stock awards that are expected to vest. No net tax benefits related to the stock-based compensation costs have been recognized since the Company’s inception. The expense recognized in each category is provided in the table below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
	(in thousands)
Claims expenses	$	49	$	51	$	102	$	108
Other cost of revenue	9		13		25		37
Sales and marketing	110		144		240		293
Technology and development	93		98		214		196
General and administrative	636		320		1,019		559
Total stock-based compensation	$	897	$	626	$	1,600	$	1,193

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

The expense recognized in each category is provided in the table below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
	(in thousands)
Claims expenses	$	49	$	51	$	102	$	108
Other cost of revenue	9		13		25		37
Sales and marketing	110		144		240		293
Technology and development	93		98		214		196
General and administrative	636		320		1,019		559
Total stock-based compensation	$	897	$	626	$	1,600	$	1,193