Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Summary of Stock Option Activity

The following table summarizes the activity for all stock options under all of the Company’s equity incentive plans for the three months ended March 31, 2022 (shares and aggregate intrinsic value in thousands):

	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding at December 31, 2021	6,257	$	13.60	6.19	$	140,326
Granted	633	27.84
Exercised	(224)	11.36
Canceled	(80)	37.31
Outstanding at March 31, 2022	6,586	$	14.75	6.28	$	115,786
Options vested and exercisable at March 31, 2022	4,416	$	8.88	5.05	$	97,592

Schedule of Activity for all Restricted Stock Units (RSUs)

The following table summarizes the activity for all restricted stock units (“RSUs”) under all of the Company’s equity incentive plans for the three months ended March 31, 2022 (shares in thousands):

	Number of Awards	Weighted Average Grant Date Fair Value
Unvested balance at December 31, 2021	4,485	$	42.73
Granted	1,776	26.31
Issued	(1,002)	32.68
Canceled / forfeited	(318)	41.93
Unvested balance at March 31, 2022	4,941	$	38.91

Schedule of Stock-Based Compensation Expense

The Company recognized stock-based compensation expense, including ESPP expenses, in the consolidated statements of operations as follows (in thousands):

	Three Months Ended March 31,
	2022		2021
Cost of customer agreements and incentives	$	3,187	$	2,232
Cost of solar energy systems and product sales	3,332		1,304
Sales and marketing	24,134		27,106
Research and development	953		676
General and administration	7,613		46,711
Total	$	39,219	$	78,029