Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

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, 2015	4,871,949		$	3.71	$	29,644
Granted	180,373		8.62
Exercised	(179,737	)	2.74		1,170
Forfeited	(112,050	)	6.73
March 31, 2016	4,760,535		3.87		28,655
Vested and exercisable at March 31, 2016	3,523,513		$	2.48	$	26,045

As of March 31, 2016, the stock options outstanding had a remaining contractual life of 6.0 years.

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 March 31,
	2016		2015
	(in thousands)
Claims expenses	$	58	$	53
Other cost of revenue	8		16
Sales and marketing	82		130
Technology and development	55		121
General and administrative	493		383
Total stock-based compensation	$	696	$	703

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, 2015	4,871,949		$	3.71	$	29,644
Granted	180,373		8.62
Exercised	(179,737	)	2.74		1,170
Forfeited	(112,050	)	6.73
March 31, 2016	4,760,535		3.87		28,655
Vested and exercisable at March 31, 2016	3,523,513		$	2.48	$	26,045

As of March 31, 2016, the stock options outstanding had a remaining contractual life of 6.0 years.

Stock-based compensation expense includes stock options and restricted stock awards and units 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 467,508 shares of unvested restricted stock measured on a graded vesting schedule are expected to vest over the remaining service term of approximately 3.5 years.

As of March 31, 2016, the Company had unrecognized stock-based compensation of $5.0 million, which is expected to vest over a weighted-average period of approximately 2.3 years. As of March 31, 2016, the Company had 1,199,911 unvested stock options and 472,384 restricted stock awards and units 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 March 31,
	2016		2015
	(in thousands)
Claims expenses	$	58	$	53
Other cost of revenue	8		16
Sales and marketing	82		130
Technology and development	55		121
General and administrative	493		383
Total stock-based compensation	$	696	$	703