Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Impact of Company's Adoption of the ASU |
The impact of the Company’s adoption of the ASUs on the prior period consolidated balance sheet was as follows (in thousands):
|
|
|
December 31, 2015 |
|
|
|
|
As Previously Reported |
|
|
Adoption of ASU |
|
|
As Reclassified |
|
|
Prepaid expenses and other
current assets |
|
$ |
6,696 |
|
|
$ |
(779 |
) |
|
$ |
5,917 |
|
|
Other assets |
|
|
32,277 |
|
|
|
(2,775 |
) |
|
|
29,502 |
|
|
Long-term non-recourse debt,
current portion |
|
|
5,408 |
|
|
|
(686 |
) |
|
|
4,722 |
|
|
Recourse debt |
|
|
194,975 |
|
|
|
2,025 |
|
|
|
197,000 |
|
|
Long-term non-recourse debt,
net of current portion |
|
|
337,935 |
|
|
|
(4,893 |
) |
|
|
333,042 |
|
|
| Schedule of Revenue from External Customers |
Revenues from external customers (including, but not limited to homeowners) for each group of similar products and services are as follows (in thousands):
|
|
|
Year Ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Operating leases |
|
$ |
125,197 |
|
|
$ |
86,332 |
|
|
$ |
63,962 |
|
|
Incentives |
|
|
43,220 |
|
|
|
31,672 |
|
|
|
20,044 |
|
|
Operating leases and incentives |
|
|
168,417 |
|
|
|
118,004 |
|
|
|
84,006 |
|
|
Solar energy systems |
|
|
127,727 |
|
|
|
50,191 |
|
|
|
23,687 |
|
|
Products |
|
|
157,754 |
|
|
|
136,411 |
|
|
|
90,864 |
|
|
Solar energy systems and product sales |
|
|
285,481 |
|
|
|
186,602 |
|
|
|
114,551 |
|
|
Total revenue |
|
$ |
453,898 |
|
|
$ |
304,606 |
|
|
$ |
198,557 |
|
|
| Schedule of Accounts Receivable |
Accounts receivable, net consists of the following (in thousands):
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
Customer receivables |
|
$ |
50,811 |
|
|
$ |
46,169 |
|
|
Customer deposits |
|
|
5,793 |
|
|
|
10,150 |
|
|
Other receivables |
|
|
856 |
|
|
|
4,376 |
|
|
Rebates receivable |
|
|
3,964 |
|
|
|
1,221 |
|
|
Allowance for doubtful accounts |
|
|
(1,166 |
) |
|
|
(1,641 |
) |
|
Total |
|
$ |
60,258 |
|
|
$ |
60,275 |
|
|
| Depreciated Property and Equipment, Net Estimated Useful Lives |
Property and equipment is depreciated on a straight-line basis over the following periods:
|
Leasehold improvements |
|
Lesser of estimated useful life of the asset or lease term, which is typically 2 to 6 years |
|
Furniture |
|
5 years |
|
Computer hardware and software |
|
3 years |
|
Machinery and equipment |
|
Lesser of 5 years or lease term |
|
Automobiles |
|
Lease term |
|
| Amortized Finite-Lived Intangible Assets Estimated Useful lives |
Finite-lived intangible assets are initially recorded at fair value and presented net of accumulated amortization. Intangible assets are amortized on a straight-line basis over their estimated useful lives as follows:
|
Customer relationships |
|
6-10 years |
|
Developed technology |
|
5 years |
|
Trade names |
|
5-8 years |
|
| Schedule of Deferred Revenue |
Deferred revenue consists of the following (in thousands):
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
Customer payments |
|
$ |
400,233 |
|
|
$ |
370,754 |
|
|
Rebates and incentives |
|
|
110,576 |
|
|
|
102,827 |
|
|
ITCs |
|
|
121,004 |
|
|
|
126,853 |
|
|
SRECs |
|
|
22,437 |
|
|
|
18,358 |
|
|
Total |
|
$ |
654,250 |
|
|
$ |
618,792 |
|
|