TRUPANION INC., 10-Q filed on 8/2/2017
Quarterly Report
Document and Entity Information Document
6 Months Ended
Jun. 30, 2017
Jul. 27, 2017
Entity Information [Line Items]
 
 
Entity Registrant Name
TRUPANION INC. 
 
Entity Central Index Key
0001371285 
 
Current Fiscal Year End Date
--12-31 
 
Entity Filer Category
Accelerated Filer 
 
Document Type
10-Q 
 
Document Period End Date
Jun. 30, 2017 
 
Document Fiscal Year Focus
2017 
 
Document Fiscal Period Focus
Q2 
 
Amendment Flag
false 
 
Entity Common Stock, Shares Outstanding
 
29,995,543 
Condensed Consolidated Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]
 
 
 
 
Revenue
$ 58,275 
$ 45,832 
$ 113,004 
$ 88,531 
Claims expenses
41,009 
32,466 
80,196 
63,070 
Other cost of revenue
6,915 
5,100 
13,302 
9,891 
Gross profit
10,351 
8,266 
19,506 
15,570 
Sales and marketing
4,372 
3,564 
8,461 
7,404 
Technology and Development
2,322 
2,164 
4,725 
4,451 
General and administrative
4,245 
3,495 
8,257 
7,217 
Total operating expenses
10,939 
9,223 
21,443 
19,072 
Operating loss
(588)
(957)
(1,937)
(3,502)
Interest expense
109 
41 
246 
71 
Other (income) expense, net
(1,112)
(38)
(1,140)
(55)
Income (Loss) before income taxes
415 
(960)
(1,043)
(3,518)
Income tax expense
28 
18 
Net income (loss)
$ 411 
$ (964)
$ (1,071)
$ (3,536)
Net income (loss) per share, basic and diluted
$ 0.01 
$ (0.03)
$ (0.04)
$ (0.13)
Weighted Average Number of Shares Outstanding, Basic
29,510,907 
28,348,348 
29,383,502 
28,173,798 
Weighted Average Number of Shares Outstanding, Diluted
32,734,624 
28,348,348 
29,383,502 
28,173,798 
Condensed Consolidated Statement of Comprehensive Income Statement (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
 
 
 
 
Net income (loss)
$ 411 
$ (964)
$ (1,071)
$ (3,536)
Change in foreign currency translation adjustments
111 
11 
123 
300 
Change in net gains on available-for-sale debt securities
16 
Other comprehensive income, net of taxes
127 
17 
132 
308 
Comprehensive Income (Loss)
$ 538 
$ (947)
$ (939)
$ (3,228)
Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2017
Dec. 31, 2016
Assets [Abstract]
 
 
Cash and cash equivalents
$ 24,604 
$ 23,637 
Short-term Investments
32,565 
29,570 
Accounts and other receivables
17,098 
10,118 
Prepaid expenses and other assets
2,294 
2,062 
Total current assets
76,561 
65,387 
Restricted Cash
600 
600 
Long-Term Investments, at fair value
2,829 
2,579 
Equity Method Investments
271 
Property and equipment, net
7,988 
8,464 
Intangible assets, net
4,950 
4,910 
Other Long-Term Assets
2,723 
134 
Total assets
95,651 
82,345 
Liabilities and Equity [Abstract]
 
 
Accounts payable
1,779 
2,006 
Accrued liabilities and other current liabilities
6,582 
5,416 
Claims reserve
10,820 
9,521 
Deferred Revenue
20,442 
13,463 
Total current liabilities
39,623 
30,406 
Long-term debt
6,309 
4,767 
Deferred tax liabilities
1,623 
1,623 
Other liabilities
944 
834 
Total liabilities
48,499 
37,630 
Common stock
Preferred Stock
Additional paid-in capital
132,950 
129,574 
Accumulated other comprehensive loss
(245)
(377)
Accumulated deficit
(82,352)
(81,281)
Treasury stock, at cost
(3,201)
(3,201)
Stockholders' Equity Attributable to Parent
47,152 
44,715 
Total liabilities and stockholders' equity
$ 95,651 
$ 82,345 
Condensed Consolidated Balance Sheet Condensed Consolidated Balance Sheet Parentheticals (USD $)
In Thousands, except Share data, unless otherwise specified
Jun. 30, 2017
Dec. 31, 2016
Short-term Investments, Fair Value
$ 32,563 
$ 29,570 
Available-for-sale Securities, Amortized Cost Basis
$ 2,829 
$ 2,587 
Common Stock [Member]
 
 
Common Stock, Par or Stated Value Per Share
$ 0.00001 
$ 0.00001 
Common Stock, Shares Authorized
100,000,000 
100,000,000 
Common Stock, Shares, Issued
30,652,240 
30,156,247 
Common Stock, Shares, Outstanding
29,994,940 
29,498,947 
Preferred Stock [Member]
 
 
Preferred Stock, Par or Stated Value Per Share
$ 0.00001 
$ 0.00001 
Preferred Stock, Shares Authorized
10,000,000 
10,000,000 
Preferred Stock, Shares Issued
Preferred Stock, Shares Outstanding
Treasury Stock [Member]
 
 
Treasury Stock, Shares
657,300 
657,300 
Condensed Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Net Cash Provided by Operating Activities [Abstract]
 
 
Net loss
$ (1,071)
$ (3,536)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
 
 
Depreciation and Amortization
2,113 
1,524 
Stock-based compensation expense
1,669 
1,439 
Gain on Sale of Equity Investment
(1,036)
Other, Net
56 
39 
Increase (Decrease) in Operating Assets [Abstract]
 
 
Accounts and other receivables
(6,968)
(994)
Prepaid expenses and other assets
(183)
463 
Accounts Payable, Accrued Liabilities, and Other Liabilities
913 
(1,203)
Claims Reserve
1,259 
1,244 
Deferred revenue
6,929 
1,284 
Net cash provided by operating activities
3,681 
260 
Net Cash Used in Investing Activities [Abstract]
 
 
Purchases of Investment Securities
(14,895)
(11,223)
Maturities of Investment Securities
11,712 
9,338 
Proceeds from Sale of Equity Method Investment
1,402 
Purchases of property and equipment
(1,264)
(1,090)
Other Investments
(2,753)
(69)
Net cash used in investing activities
(5,798)
(3,044)
Net Cash Provided by Financing Activities [Abstract]
 
 
Proceeds from exercise of stock options
1,647 
1,785 
Proceeds from Debt financing, net of financing fees
1,459 
986 
Payments on Capital Lease Obligation
(203)
(73)
Net cash provided by financing activities
2,903 
2,698 
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash, net
181 
337 
Net Increase in Cash, Cash Equivalents, and Restricted Cash
967 
251 
Cash, Cash Equivalents, and Restricted Cash at beginning of period
24,237 
17,956 
Cash, Cash Equivalents, and Restricted Cash, End of Period
25,204 
18,207 
Purchases of property and equipment included in accounts payable and accrued liabilities
352 
75 
Property and Equipment Acquired Under Capital Leases
$ 66 
$ 326 
Nature of Operations and Summary of Significant Accounting Policies
Nature of Operations and Summary of Significant Accounting Policies
Nature of Operations and Significant Accounting Policies
Description of Business and Basis of Presentation
Trupanion, Inc. (collectively with its wholly-owned subsidiaries, the Company) provides medical insurance for cats and dogs throughout the United States, Canada and Puerto Rico.
The financial data as of December 31, 2016 was derived from the Company's audited consolidated financial statements. The accompanying unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and, in management's opinion, have been prepared on the same basis as the audited financial statements and include all adjustments, consisting of normal recurring adjustments, necessary for the fair presentation of the Company's financial position, results of operations, comprehensive income (loss), and cash flows for the interim periods. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s audited financial statements included in the Company’s Annual Report on Form 10-K, filed with the U.S Securities and Exchange Commission on February 15, 2017 (the 2016 10-K). The Company's accounting policies are described in Note 1 to the financial statements included in the 2016 10-K. Operating results for the three and six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the full fiscal year or any other interim period.
Reclassifications
Certain prior year amounts have been reclassified within the Company’s consolidated financial statements from their original presentation to conform to the current period presentation.
Use of Estimates
The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from such estimates. See Note 1 to the audited financial statements included in the 2016 10-K for additional discussion of these estimates and assumptions.
Accumulated Other Comprehensive Loss
There were no reclassifications out of accumulated other comprehensive loss during the three and six months ended June 30, 2017 and 2016.
Accounting Pronouncements Adopted During Period
In November 2015, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) amending the accounting for income taxes and requiring all deferred tax assets and liabilities be classified as non-current in the consolidated balance sheets. The Company adopted this ASU as of January 1, 2017 and has retrospectively applied the provisions of this standard.
In March 2016, the FASB issued an ASU amending the accounting for employee share-based payments, including income tax recognition and classification. The Company adopted this ASU as of January 1, 2017. As a result, the Company has elected to use actual forfeitures in the estimate of stock-based compensation expense. Additionally, the guidance related to the accounting for excess tax benefits and deficiencies resulted in an initial adjustment as of January 1, 2017 to the Company's net operating loss deferred tax asset to eliminate the Company's existing windfall pool amounting to $4.3 million, which was offset by an adjustment to the Company's valuation allowance. Finally, tax withholding of shares will be allowed up to the employee's maximum individual tax rate in the relevant jurisdiction without resulting in liability classification of the award, subject to the Company's internal policies for making this election.
Recent Accounting Pronouncements
In February 2016, the FASB issued an ASU amending the lease presentation guidance. The ASU requires organizations that lease assets to recognize the rights and obligations created by those leases on the consolidated balance sheets. This ASU is effective for fiscal years beginning after December 15, 2018 including interim periods within that reporting period, with early adoption permitted. The Company plans to adopt this guidance as of January 1, 2019. The Company has determined this guidance will require recognition of a lease liability and corresponding asset on the consolidated balance sheets equal to the present value of minimum lease payments. The carrying amount of the asset is derived from the amount of the lease liability at the end of each reporting period.
Net Loss per Share
Earnings Per Share [Text Block]
Net Income (Loss) per Share
Basic net income (loss) per share is computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is calculated using the weighted-average number of shares of common stock plus, when dilutive, potential common shares outstanding using the treasury-stock method. Potential common shares outstanding include stock options, unvested restricted stock, and warrants.
The components of basic and diluted earnings per share were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands, except per share data)
Basic earnings per share:
 
 
 
 
 
 
 
Net income (loss)
$
411

 
$
(964
)
 
$
(1,071
)
 
$
(3,536
)
Shares used in computation:
 
 
 
 
 
 
 
Weighted average common shares outstanding
29,510,907

 
28,348,348

 
29,383,502

 
28,173,798

Basic earnings per share
$
0.01

 
$
(0.03
)
 
$
(0.04
)
 
$
(0.13
)
 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
Net income (loss)
$
411

 
$
(964
)
 
$
(1,071
)
 
$
(3,536
)
Shares used in computation:
 
 
 
 
 
 
 
Weighted average common shares outstanding
29,510,907

 
28,348,348

 
29,383,502

 
28,173,798

Stock options
2,511,012

 

 

 

Restricted stock awards and units
351,668

 

 

 

Warrants
361,037

 

 

 

Weighted average number of shares
32,734,624

 
28,348,348

 
29,383,502

 
28,173,798

Diluted earnings per share
$
0.01

 
$
(0.03
)
 
$
(0.04
)
 
$
(0.13
)

The following potentially dilutive equity securities were not included in the diluted earnings per common share calculation because they would have had an antidilutive effect:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Stock options
1,035,163

 
4,338,867

 
4,207,577

 
4,338,867

Restricted stock awards and units

 
472,238

 
351,668

 
472,238

Warrants

 
869,999

 
810,000

 
869,999

Investment Securities (Notes)
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
Investment Securities
The amortized cost, gross unrealized holding gains and losses, and fair value of available-for-sale and short-term investments by major security type and class of security were as follows as of June 30, 2017 and December 31, 2016 (in thousands):
 
Amortized
Cost
 
Gross
Unrealized
Holding
Gains
 
Gross
Unrealized
Holding
Losses
 
Fair
Value
As of June 30, 2017
 
 
 
 
 
 
 
       Available-for-sale:
 
 
 
 
 
 
 
Foreign deposits
$
1,829

 
$

 
$

 
$
1,829

              Municipal bond
1,000

 

 

 
1,000

 
$
2,829

 
$

 
$

 
$
2,829

       Short-term investments:
 
 
 
 
 
 
 
              U.S. treasury securities
$
5,786

 
$

 
$
(3
)
 
$
5,783

              Certificates of deposit
709

 
1

 

 
710

              U.S. government funds
26,070

 

 

 
26,070

 
$
32,565


$
1

 
$
(3
)

$
32,563

 
 
 
 
 
 
 
 
 
Amortized
Cost
 
Gross
Unrealized
Holding
Gains
 
Gross
Unrealized
Holding
Losses
 
Fair
Value
As of December 31, 2016
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
Foreign deposits
$
1,587

 
$

 
$

 
$
1,587

Municipal bond
1,000

 

 
(8
)
 
992

 
$
2,587


$

 
$
(8
)

$
2,579

Short-term investments:
 
 
 
 
 
 
 
U.S. treasury securities
$
5,791

 
$

 
$

 
$
5,791

Certificates of deposit
707

 

 

 
707

U.S. government funds
23,072

 

 

 
23,072

 
$
29,570


$

 
$


$
29,570


Maturities of debt securities classified as available-for-sale were as follows (in thousands):
 
June 30, 2017
 
Amortized
Cost
 
Fair
Value
Available-for-sale:
 
 
 
Due under one year
$

 
$

Due after one year through five years
1,829

 
1,829

Due after five years through ten years
1,000

 
1,000

Due after ten years

 

 
$
2,829

 
$
2,829


The Company evaluated its securities for other-than-temporary impairment and considers the decline in market value for the securities to be primarily attributable to current economic and market conditions. For debt securities, the Company does not intend to sell, nor is it more likely than not that the Company will be required to sell, the securities prior to the recovery of the amortized cost basis which may be at maturity.
Fair Value
Fair Value Disclosures [Text Block]
Fair Value
The following table summarizes, by major security type, the Company's assets that are measured at fair value on a recurring basis, and placement within the fair value hierarchy (in thousands):
 
As of June 30, 2017
 
Fair Value
 
Level 1
 
Level 2
Assets
 
 
 
 
 
Restricted cash
$
600

 
$
600

 
$

Foreign deposits
1,829

 
1,829

 

Municipal bond
1,000

 

 
1,000

Money market funds
4,871

 
4,871

 

Total
$
8,300

 
$
7,300

 
$
1,000

 
 
 
 
 
 
 
As of December 31, 2016
 
Fair Value
 
Level 1
 
Level 2
Assets
 
 
 
 
 
Restricted cash
$
600

 
$
600

 
$

Foreign deposits
1,587

 
1,587

 

Municipal bond
992

 

 
992

Money market funds
7,033

 
7,033

 

Total
$
10,212

 
$
9,220

 
$
992


The Company measures the fair value of restricted cash, foreign deposits, and money market funds based on quoted prices in active markets for identical assets. The fair value of the municipal bond is based on either recent trades in inactive markets or quoted market prices of similar instruments and other significant inputs derived from or corroborated by observable market data.
As of June 30, 2017, the Company's other long-term assets balance included a $2.6 million note receivable, recorded at its estimated collectible amount, plus accrued interest. The Company estimates that the carrying value of the note receivable approximates the fair value. The estimated fair value represents a Level 3 measurement within the fair value hierarchy, and is based on market interest rates and the assessed creditworthiness of the third party.
The Company estimates the fair value of long-term debt based upon rates currently available to the Company for debt with similar terms and remaining maturities. This is a Level 3 measurement. Based upon the terms of the debt, the carrying amount of long-term debt approximated fair value at June 30, 2017 and December 31, 2016.
Debt
Debt Disclosure [Text Block]
Debt
The Company has a revolving line of credit, secured by any and all interests in the Company's assets that are not otherwise restricted. Interest on the revolving line of credit is payable monthly at the greater of 4.5%, or 1.25% plus the prime rate. As of June 30, 2017 and December 31, 2016, borrowings on the revolving line of credit were limited to the lesser of $30.0 million and the total amount of cash and securities held by the Company's insurance subsidiaries (American Pet Insurance Company and Wyndham Insurance Company (SAC) Ltd. Segregated Account AX). The borrowing agreement includes other ancillary services and letters of credit of up to $4.5 million and $3.0 million as of June 30, 2017 and December 31, 2016, respectively. The Company's outstanding balance for ancillary services and letters of credit of $1.5 million as of June 30, 2017 and $1.6 million as of December 31, 2016, reduces available borrowing capacity on the line of credit. The facility also requires a deposit of restricted cash of $0.6 million. The agreement was most recently amended in March 2017 to extend the maturity date to December 2019. The credit agreement requires the Company to comply with various financial and non-financial covenants. As of June 30, 2017 and December 31, 2016, the Company was in compliance with all covenants.
As of June 30, 2017, the Company's outstanding borrowings under this facility were $6.5 million, recorded net of financing fees of $0.2 million, with $22.0 million remaining available to borrow.
Commitment and Contingencies
Commitments and Contingencies Disclosure [Text Block]
Commitments and Contingencies
From time to time, the Company is subject to litigation matters and claims arising from the ordinary course of business. The Company records a provision for a liability relating to legal matters when it is both probable that a material liability has been incurred and the amount of the loss can be reasonably estimated. At this time, the Company does not believe any such matters to be material individually or in the aggregate. These views are subject to change following the outcome of future events or the results of future developments.
Stock-based Compensation
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)
Outstanding as of December 31, 2016
4,123,023

 
$
5.06

 
$
43,185

Granted
628,589

 
17.47

 
 
Exercised
(494,970
)
 
3.33

 
6,601

Forfeited
(49,065
)
 
10.22

 
 
Outstanding as of June 30, 2017
4,207,577

 
7.05

 
64,482

 
 
 
 
 
 
Vested and Exercisable at June 30, 2017
2,871,578

 
$
3.67

 
$
53,737


As of June 30, 2017, the stock options outstanding had a weighted-average remaining contractual life of 5.9 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 consolidated statements of operations as follows (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands)
Claims expenses
$
89

 
$
57

 
$
159

 
$
115

Other cost of revenue
60

 
9

 
103

 
17

Sales and marketing
198

 
165

 
385

 
247

Technology and development
59

 
36

 
109

 
91

General and administrative
482

 
476

 
913

 
969

Total stock-based compensation expense
$
888

 
$
743

 
$
1,669

 
$
1,439


As of June 30, 2017, the Company had 1,335,999 unvested stock options and 351,668 restricted stock awards and units that are expected to vest. Total stock-based compensation expense of $7.8 million related to these unvested awards is expected to be recognized over a weighted-average period of approximately 2.7 years.
Claims Reserve
Supplementary Insurance Information, for Insurance Companies Disclosure [Text Block]
Claims Reserve
The claims reserve includes unpaid claims and claims adjustment expenses and an estimate of claims that have been incurred but not yet reported (IBNR) to the Company. The estimate, which involves actuarial projections, is based on management's assessment of facts and circumstances currently known, and assumptions about anticipated claims patterns, including expected future trends in claims severity and frequency. Reserve estimates are continually refined as claims are reported and settled. Changes in management's assumptions and estimates may have a relatively large impact to the claims reserve and associated expense.
This estimate is made for each of the Company's two segments, subscription business and other business. The subscription business segment includes monthly subscriptions related to the Company’s medical plan which are marketed directly to consumers, while the other business segment includes all other business that is not directly marketed to consumers.
Summarized below are the changes in the total liability for the Company's subscription business segment:
 
 
Six Months Ended June 30,
 
 
2017
 
2016
 
 
(in thousands)
Claims reserve at beginning of year
 
$
8,538

 
$
5,384

Claims incurred during the period related to:
 
 
 
 
Current year
 
74,244

 
58,162

Prior years
 
(257
)
 
459

Total claims incurred
 
73,987

 
58,621

Claims paid during period related to:
 
 
 
 
Current year
 
65,549

 
51,844

Prior years
 
7,138

 
5,415

Total claims paid
 
72,687

 
57,259

Non-cash claims expense
 
229

 
187

Claims reserve at end of period
 
$
9,609

 
$
6,559


The Company’s claim reserve for the subscription business segment increased $1.1 million from $8.5 million at December 31, 2016 to $9.6 million at June 30, 2017. This change was comprised of $74.0 million in claims expense incurred during the period less $72.7 million in claims expense paid during the period. The $74.0 million in claims expense incurred includes a reduction of $0.3 million to the reserves relating to prior years. The change is the result of ongoing analysis of recent claims trends. Original estimates are increased or decreased as additional information becomes known regarding individual claims.
Summarized below are the changes in total liability for the Company's other business segment:
 
 
Six Months Ended June 30,
 
 
2017
 
2016
 
 
(in thousands)
Claims reserve at beginning of year
 
$
983

 
$
890

Claims incurred during the period related to:
 
 
 
 
Current year
 
6,337

 
4,427

Prior years
 
(128
)
 
22

Total claims incurred
 
6,209

 
4,449

Claims paid during period related to:
 
 
 
 
Current year
 
5,217

 
3,484

Prior years
 
764

 
832

Total claims paid
 
5,981

 
4,316

Non-cash claims expense
 

 

Claims reserve at end of period
 
$
1,211

 
$
1,023


The Company’s claim reserve for the other business segment increased$0.2 million from $1.0 million at December 31, 2016 to $1.2 million at June 30, 2017. This change was comprised of $6.2 million in claims expense incurred during the period less $6.0 million in claims expense paid during the period. The $6.2 million in claims expense incurred includes a reduction of $0.1 million to the reserves relating to prior years. The change is the result of ongoing analysis of recent claims trends. Original estimates are increased or decreased as additional information becomes known regarding individual claims.


Claims Reserve by Loss Year
The total claims reserve as of June 30, 2017 for the subscription business segment relates to activity incurred during the years as follows (in thousands):
 
As of June 30, 2017
Year Incurred
 
2015
$
229

2016
913

2017
8,467

 
$
9,609

The total claims reserve as of June 30, 2017 for the other business segment relates to activity incurred during the years as follows (in thousands):
 
As of June 30, 2017
Year Incurred
 
2015
$
2

2016
88

2017
1,121

 
$
1,211

Equity Method Investment (Notes)
Equity Method Investments [Table Text Block]
Equity Method Investment
In June 2017, the Company sold its share of an investment previously accounted for under the equity method. The sale resulted in a gain of $1.0 million recorded within other income on the consolidated statement of operations.
Segments
Segment Reporting Disclosure [Text Block]
Segments
The Company has two segments: subscription business and other business. The subscription business segment includes monthly subscriptions related to the Company’s medical plan which are marketed directly to consumers, while the other business segment includes all other business that is not directly marketed to consumers.
The chief operating decision maker uses two measures to evaluate segment performance: revenue and gross profit. Additionally, other operating expenses, such as sales and marketing expenses, are allocated to each segment and evaluated when material. Interest and other expenses and income taxes are not allocated to the segments, nor included in the measure of segment profit or loss. The Company does not analyze discrete segment balance sheet information related to long-term assets.
Revenue and gross profit of the Company’s segments were as follows (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Revenue:
 
 
 
 
 
 
 
Subscription business
$
52,641

 
$
42,162

 
$
102,870

 
$
81,305

Other business
5,634

 
3,670

 
10,134

 
7,226

 
58,275

 
45,832

 
113,004

 
88,531

Claims expenses:
 
 
 
 
 
 
 
Subscription business
37,664

 
30,111

 
73,987

 
58,621

Other business
3,345

 
2,355

 
6,209

 
4,449

 
41,009

 
32,466

 
80,196

 
63,070

Other cost of revenue:
 
 
 
 
 
 
 
Subscription business
4,927

 
4,047

 
9,850

 
7,740

Other business
1,988

 
1,053

 
3,452

 
2,151

 
6,915

 
5,100

 
13,302

 
9,891

Gross profit:
 
 
 
 
 
 
 
Subscription business
10,050

 
8,004

 
19,033

 
14,944

Other business
301


262

 
473

 
626

 
10,351


8,266

 
19,506

 
15,570

Sales and marketing:
 
 
 
 
 
 
 
Subscription business
4,309

 
3,509

 
8,350

 
7,311

Other business
63

 
55

 
111

 
93

 
4,372

 
3,564

 
8,461

 
7,404

Technology and development
2,322

 
2,164

 
4,725

 
4,451

General and administrative
4,245

 
3,495

 
8,257

 
7,217

Operating loss
$
(588
)

$
(957
)
 
$
(1,937
)
 
$
(3,502
)

The following table presents the Company’s revenue by geographic region of the member (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
United States
$
47,306

 
$
36,748

 
$
91,440

 
$
71,225

Canada
10,969

 
9,084

 
21,564

 
17,306

Total revenue
$
58,275

 
$
45,832

 
$
113,004

 
$
88,531


Substantially all of the Company’s long-lived assets were located in the United States as of June 30, 2017 and December 31, 2016.
Nature of Operations and Summary of Significant Accounting Policies (Policies)
Description of Business and Basis of Presentation
Trupanion, Inc. (collectively with its wholly-owned subsidiaries, the Company) provides medical insurance for cats and dogs throughout the United States, Canada and Puerto Rico.
The financial data as of December 31, 2016 was derived from the Company's audited consolidated financial statements. The accompanying unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and, in management's opinion, have been prepared on the same basis as the audited financial statements and include all adjustments, consisting of normal recurring adjustments, necessary for the fair presentation of the Company's financial position, results of operations, comprehensive income (loss), and cash flows for the interim periods. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s audited financial statements included in the Company’s Annual Report on Form 10-K, filed with the U.S Securities and Exchange Commission on February 15, 2017 (the 2016 10-K). The Company's accounting policies are described in Note 1 to the financial statements included in the 2016 10-K. Operating results for the three and six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the full fiscal year or any other interim period.
Reclassifications
Certain prior year amounts have been reclassified within the Company’s consolidated financial statements from their original presentation to conform to the current period presentation.
Use of Estimates
The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from such estimates. See Note 1 to the audited financial statements included in the 2016 10-K for additional discussion of these estimates and assumptions.
Accumulated Other Comprehensive Loss
There were no reclassifications out of accumulated other comprehensive loss during the three and six months ended June 30, 2017 and 2016.
Accounting Pronouncements Adopted During Period
In November 2015, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) amending the accounting for income taxes and requiring all deferred tax assets and liabilities be classified as non-current in the consolidated balance sheets. The Company adopted this ASU as of January 1, 2017 and has retrospectively applied the provisions of this standard.
In March 2016, the FASB issued an ASU amending the accounting for employee share-based payments, including income tax recognition and classification. The Company adopted this ASU as of January 1, 2017. As a result, the Company has elected to use actual forfeitures in the estimate of stock-based compensation expense. Additionally, the guidance related to the accounting for excess tax benefits and deficiencies resulted in an initial adjustment as of January 1, 2017 to the Company's net operating loss deferred tax asset to eliminate the Company's existing windfall pool amounting to $4.3 million, which was offset by an adjustment to the Company's valuation allowance. Finally, tax withholding of shares will be allowed up to the employee's maximum individual tax rate in the relevant jurisdiction without resulting in liability classification of the award, subject to the Company's internal policies for making this election.
Recent Accounting Pronouncements
In February 2016, the FASB issued an ASU amending the lease presentation guidance. The ASU requires organizations that lease assets to recognize the rights and obligations created by those leases on the consolidated balance sheets. This ASU is effective for fiscal years beginning after December 15, 2018 including interim periods within that reporting period, with early adoption permitted. The Company plans to adopt this guidance as of January 1, 2019. The Company has determined this guidance will require recognition of a lease liability and corresponding asset on the consolidated balance sheets equal to the present value of minimum lease payments. The carrying amount of the asset is derived from the amount of the lease liability at the end of each reporting period.
Fair Value Notes Receivable (Policies)
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
As of June 30, 2017, the Company's other long-term assets balance included a $2.6 million note receivable, recorded at its estimated collectible amount, plus accrued interest. The Company estimates that the carrying value of the note receivable approximates the fair value. The estimated fair value represents a Level 3 measurement within the fair value hierarchy, and is based on market interest rates and the assessed creditworthiness of the third party.
Claims Reserve Claims Reserve (Policies)
Liability Reserve Estimate, Policy [Policy Text Block]
The estimate, which involves actuarial projections, is based on management's assessment of facts and circumstances currently known, and assumptions about anticipated claims patterns, including expected future trends in claims severity and frequency. Reserve estimates are continually refined as claims are reported and settled.
Net Loss per Share (Tables)
The components of basic and diluted earnings per share were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands, except per share data)
Basic earnings per share:
 
 
 
 
 
 
 
Net income (loss)
$
411

 
$
(964
)
 
$
(1,071
)
 
$
(3,536
)
Shares used in computation:
 
 
 
 
 
 
 
Weighted average common shares outstanding
29,510,907

 
28,348,348

 
29,383,502

 
28,173,798

Basic earnings per share
$
0.01

 
$
(0.03
)
 
$
(0.04
)
 
$
(0.13
)
 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
Net income (loss)
$
411

 
$
(964
)
 
$
(1,071
)
 
$
(3,536
)
Shares used in computation:
 
 
 
 
 
 
 
Weighted average common shares outstanding
29,510,907

 
28,348,348

 
29,383,502

 
28,173,798

Stock options
2,511,012

 

 

 

Restricted stock awards and units
351,668

 

 

 

Warrants
361,037

 

 

 

Weighted average number of shares
32,734,624

 
28,348,348

 
29,383,502

 
28,173,798

Diluted earnings per share
$
0.01

 
$
(0.03
)
 
$
(0.04
)
 
$
(0.13
)
The following potentially dilutive equity securities were not included in the diluted earnings per common share calculation because they would have had an antidilutive effect:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Stock options
1,035,163

 
4,338,867

 
4,207,577

 
4,338,867

Restricted stock awards and units

 
472,238

 
351,668

 
472,238

Warrants

 
869,999

 
810,000

 
869,999

Investment Securities Available-for-Sale (Tables)
The amortized cost, gross unrealized holding gains and losses, and fair value of available-for-sale and short-term investments by major security type and class of security were as follows as of June 30, 2017 and December 31, 2016 (in thousands):
 
Amortized
Cost
 
Gross
Unrealized
Holding
Gains
 
Gross
Unrealized
Holding
Losses
 
Fair
Value
As of June 30, 2017
 
 
 
 
 
 
 
       Available-for-sale:
 
 
 
 
 
 
 
Foreign deposits
$
1,829

 
$

 
$

 
$
1,829

              Municipal bond
1,000

 

 

 
1,000

 
$
2,829

 
$

 
$

 
$
2,829

       Short-term investments:
 
 
 
 
 
 
 
              U.S. treasury securities
$
5,786

 
$

 
$
(3
)
 
$
5,783

              Certificates of deposit
709

 
1

 

 
710

              U.S. government funds
26,070

 

 

 
26,070

 
$
32,565


$
1

 
$
(3
)

$
32,563

 
 
 
 
 
 
 
 
 
Amortized
Cost
 
Gross
Unrealized
Holding
Gains
 
Gross
Unrealized
Holding
Losses
 
Fair
Value
As of December 31, 2016
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
Foreign deposits
$
1,587

 
$

 
$

 
$
1,587

Municipal bond
1,000

 

 
(8
)
 
992

 
$
2,587


$

 
$
(8
)

$
2,579

Short-term investments:
 
 
 
 
 
 
 
U.S. treasury securities
$
5,791

 
$

 
$

 
$
5,791

Certificates of deposit
707

 

 

 
707

U.S. government funds
23,072

 

 

 
23,072

 
$
29,570


$

 
$


$
29,570

Maturities of debt securities classified as available-for-sale were as follows (in thousands):
 
June 30, 2017
 
Amortized
Cost
 
Fair
Value
Available-for-sale:
 
 
 
Due under one year
$

 
$

Due after one year through five years
1,829

 
1,829

Due after five years through ten years
1,000

 
1,000

Due after ten years

 

 
$
2,829

 
$
2,829

Fair Value (Tables)
Fair value, asset & liabilities measured on recurring basis [Table Text Block]
The following table summarizes, by major security type, the Company's assets that are measured at fair value on a recurring basis, and placement within the fair value hierarchy (in thousands):
 
As of June 30, 2017
 
Fair Value
 
Level 1
 
Level 2
Assets
 
 
 
 
 
Restricted cash
$
600

 
$
600

 
$

Foreign deposits
1,829

 
1,829

 

Municipal bond
1,000

 

 
1,000

Money market funds
4,871

 
4,871

 

Total
$
8,300

 
$
7,300

 
$
1,000

 
 
 
 
 
 
 
As of December 31, 2016
 
Fair Value
 
Level 1
 
Level 2
Assets
 
 
 
 
 
Restricted cash
$
600

 
$
600

 
$

Foreign deposits
1,587

 
1,587

 

Municipal bond
992

 

 
992

Money market funds
7,033

 
7,033

 

Total
$
10,212

 
$
9,220

 
$
992

Stock-based Compensation (Tables)
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)
Outstanding as of December 31, 2016
4,123,023

 
$
5.06

 
$
43,185

Granted
628,589

 
17.47

 
 
Exercised
(494,970
)
 
3.33

 
6,601

Forfeited
(49,065
)
 
10.22

 
 
Outstanding as of June 30, 2017
4,207,577

 
7.05

 
64,482

 
 
 
 
 
 
Vested and Exercisable at June 30, 2017
2,871,578

 
$
3.67

 
$
53,737

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 consolidated statements of operations as follows (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands)
Claims expenses
$
89

 
$
57

 
$
159

 
$
115

Other cost of revenue
60

 
9

 
103

 
17

Sales and marketing
198

 
165

 
385

 
247

Technology and development
59

 
36

 
109

 
91

General and administrative
482

 
476

 
913

 
969

Total stock-based compensation expense
$
888

 
$
743

 
$
1,669

 
$
1,439

Claims Reserve (Tables)
Summarized below are the changes in the total liability for the Company's subscription business segment:
 
 
Six Months Ended June 30,
 
 
2017
 
2016
 
 
(in thousands)
Claims reserve at beginning of year
 
$
8,538

 
$
5,384

Claims incurred during the period related to:
 
 
 
 
Current year
 
74,244

 
58,162

Prior years
 
(257
)
 
459

Total claims incurred
 
73,987

 
58,621

Claims paid during period related to:
 
 
 
 
Current year
 
65,549

 
51,844

Prior years
 
7,138

 
5,415

Total claims paid
 
72,687

 
57,259

Non-cash claims expense
 
229

 
187

Claims reserve at end of period
 
$
9,609

 
$
6,559


The Company’s claim reserve for the subscription business segment increased $1.1 million from $8.5 million at December 31, 2016 to $9.6 million at June 30, 2017. This change was comprised of $74.0 million in claims expense incurred during the period less $72.7 million in claims expense paid during the period. The $74.0 million in claims expense incurred includes a reduction of $0.3 million to the reserves relating to prior years. The change is the result of ongoing analysis of recent claims trends. Original estimates are increased or decreased as additional information becomes known regarding individual claims.
Summarized below are the changes in total liability for the Company's other business segment:
 
 
Six Months Ended June 30,
 
 
2017
 
2016
 
 
(in thousands)
Claims reserve at beginning of year
 
$
983

 
$
890

Claims incurred during the period related to:
 
 
 
 
Current year
 
6,337

 
4,427

Prior years
 
(128
)
 
22

Total claims incurred
 
6,209

 
4,449

Claims paid during period related to:
 
 
 
 
Current year
 
5,217

 
3,484

Prior years
 
764

 
832

Total claims paid
 
5,981

 
4,316

Non-cash claims expense
 

 

Claims reserve at end of period
 
$
1,211

 
$
1,023


The Company’s claim reserve for the other business segment increased$0.2 million from $1.0 million at December 31, 2016 to $1.2 million at June 30, 2017. This change was comprised of $6.2 million in claims expense incurred during the period less $6.0 million in claims expense paid during the period. The $6.2 million in claims expense incurred includes a reduction of $0.1 million to the reserves relating to prior years. The change is the result of ongoing analysis of recent claims trends. Original estimates are increased or decreased as additional information becomes known regarding individual claims.

The total claims reserve as of June 30, 2017 for the subscription business segment relates to activity incurred during the years as follows (in thousands):
 
As of June 30, 2017
Year Incurred
 
2015
$
229

2016
913

2017
8,467

 
$
9,609

The total claims reserve as of June 30, 2017 for the other business segment relates to activity incurred during the years as follows (in thousands):
 
As of June 30, 2017
Year Incurred
 
2015
$
2

2016
88

2017
1,121

 
$
1,211

Segments (Tables)
Revenue and gross profit of the Company’s segments were as follows (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Revenue:
 
 
 
 
 
 
 
Subscription business
$
52,641

 
$
42,162

 
$
102,870

 
$
81,305

Other business
5,634

 
3,670

 
10,134

 
7,226

 
58,275

 
45,832

 
113,004

 
88,531

Claims expenses:
 
 
 
 
 
 
 
Subscription business
37,664

 
30,111

 
73,987

 
58,621

Other business
3,345

 
2,355

 
6,209

 
4,449

 
41,009

 
32,466

 
80,196

 
63,070

Other cost of revenue:
 
 
 
 
 
 
 
Subscription business
4,927

 
4,047

 
9,850

 
7,740

Other business
1,988

 
1,053

 
3,452

 
2,151

 
6,915

 
5,100

 
13,302

 
9,891

Gross profit:
 
 
 
 
 
 
 
Subscription business
10,050

 
8,004

 
19,033

 
14,944

Other business
301


262

 
473

 
626

 
10,351


8,266

 
19,506

 
15,570

Sales and marketing:
 
 
 
 
 
 
 
Subscription business
4,309

 
3,509

 
8,350

 
7,311

Other business
63

 
55

 
111

 
93

 
4,372

 
3,564

 
8,461

 
7,404

Technology and development
2,322

 
2,164

 
4,725

 
4,451

General and administrative
4,245

 
3,495

 
8,257

 
7,217

Operating loss
$
(588
)

$
(957
)
 
$
(1,937
)
 
$
(3,502
)
The following table presents the Company’s revenue by geographic region of the member (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
United States
$
47,306

 
$
36,748

 
$
91,440

 
$
71,225

Canada
10,969

 
9,084

 
21,564

 
17,306

Total revenue
$
58,275

 
$
45,832

 
$
113,004

 
$
88,531

Nature of Operations and Summary of Significant Accounting Policies (Details) Narrative (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
 
 
 
 
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax
$ 0 
$ 0 
$ 0 
$ 0 
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification
 
 
$ 4.3 
 
Net Loss per Share (Details) Computation of Net Income (Loss) Per Share (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
 
 
 
 
Net income (loss)
$ 411 
$ (964)
$ (1,071)
$ (3,536)
Weighted Average Number of Shares Outstanding, Basic
29,510,907 
28,348,348 
29,383,502 
28,173,798 
Weighted Average Number of Shares Outstanding, Diluted
32,734,624 
28,348,348 
29,383,502 
28,173,798 
Earnings Per Share [Abstract]
 
 
 
 
Earnings Per Share, Basic
$ 0.01 
$ (0.03)
$ (0.04)
$ (0.13)
Earnings Per Share, Diluted
$ 0.01 
$ (0.03)
$ (0.04)
$ (0.13)
Employee Stock Option [Member]
 
 
 
 
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
 
 
 
 
Weighted Average Number Diluted Shares Outstanding Adjustment
2,511,012 
Restricted Stock Units (RSUs) [Member]
 
 
 
 
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
 
 
 
 
Weighted Average Number Diluted Shares Outstanding Adjustment
351,668 
Warrant [Member]
 
 
 
 
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
 
 
 
 
Weighted Average Number Diluted Shares Outstanding Adjustment
361,037 
Net Loss per Share (Details) Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Employee Stock Option [Member]
 
 
 
 
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
 
 
 
 
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
1,035,163 
4,338,867 
4,207,577 
4,338,867 
Restricted Stock Units (RSUs) [Member]
 
 
 
 
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
 
 
 
 
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
472,238 
351,668 
472,238 
Warrant [Member]
 
 
 
 
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
 
 
 
 
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
869,999 
810,000 
869,999 
Investment Securities (Details) Investment Schedule (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2017
Dec. 31, 2016
Investment [Line Items]
 
 
Available-for-sale securities, amortized cost
$ 2,829 
$ 2,587 
Available-for-sale Securities, Gross Unrealized Gain
Available-for-sale Securities, Gross Unrealized Loss
(8)
Available-for-sale securities, fair value
2,829 
2,579 
Short-term investments, amortized cost
32,565 
29,570 
Short-term Investments, Gross Unrealized Holding Gains
Short-term investments, gross unrealized holding losses
(3)
Short-term Investments, fair value
32,563 
29,570 
Deposits [Member]
 
 
Investment [Line Items]
 
 
Available-for-sale securities, amortized cost
1,829 
1,587 
Available-for-sale Securities, Gross Unrealized Gain
Available-for-sale Securities, Gross Unrealized Loss
Available-for-sale securities, fair value
1,829 
1,587 
Municipal Bonds [Member]
 
 
Investment [Line Items]
 
 
Available-for-sale securities, amortized cost
1,000 
1,000 
Available-for-sale Securities, Gross Unrealized Gain
Available-for-sale Securities, Gross Unrealized Loss
(8)
Available-for-sale securities, fair value
1,000 
992 
U.S. Treasury securities
 
 
Investment [Line Items]
 
 
Short-term investments, amortized cost
5,786 
5,791 
Short-term Investments, Gross Unrealized Holding Gains
Short-term investments, gross unrealized holding losses
(3)
Short-term Investments, fair value
5,783 
5,791 
Certificates of deposit
 
 
Investment [Line Items]
 
 
Short-term investments, amortized cost
709 
707 
Short-term Investments, Gross Unrealized Holding Gains
Short-term investments, gross unrealized holding losses
Short-term Investments, fair value
710 
707 
US government debt securities
 
 
Investment [Line Items]
 
 
Short-term investments, amortized cost
26,070 
23,072 
Short-term Investments, Gross Unrealized Holding Gains
Short-term investments, gross unrealized holding losses
Short-term Investments, fair value
$ 26,070 
$ 23,072 
Investment Securities (Details) Available-for-Sale (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
 
Available-for-sale securities, debt maturities, next twelve months, amortized cost basis
$ 0 
Available-for-sale securities, debt maturities, next twelve months, fair value
Available-for-sale securities, debt maturities, year two through five, amortized cost basis
1,829 
Available-for-sale securities, debt maturities, year two through five, fair value
1,829 
Available-for-sale securities, debt maturities, year six through ten, amortized cost basis
1,000 
Available-for-sale securities, debt maturities, year six through ten, fair value
1,000 
Available-for-sale securities, debt maturities, after ten years, amortized cost basis
Available-for-sale securities, debt maturities, after ten years, fair value
Available-for-sale securities, amortized cost
2,829 
Available-for-sale securities, debt maturities, fair value
$ 2,829 
Fair Value (Details) Unobservable (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2017
Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Restricted Cash
$ 600 
$ 600 
Marketable Securities, Noncurrent
2,829 
2,579 
Assets, Fair Value Disclosure
8,300 
10,212 
Fair Value, Inputs, Level 1 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
7,300 
9,220 
Fair Value, Inputs, Level 2 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
1,000 
992 
Cash and Cash Equivalents [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Restricted Cash
600 
600 
Cash and Cash Equivalents [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Restricted Cash
600 
600 
Cash and Cash Equivalents [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Restricted Cash
Deposits [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Marketable Securities, Noncurrent
1,829 
1,587