Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023 (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, 2022	5,217	$	16.08	5.68	$	58,784
Granted	—	—
Exercised	(183)	7.25
Canceled	(1)	10.81
Outstanding at March 31, 2023	5,033	$	16.40	5.46	$	41,630
Options vested and exercisable at March 31, 2023	3,886	$	12.43	4.55	$	39,982

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, 2023 (shares in thousands):

	Number of Awards	Weighted Average Grant Date Fair Value
Unvested balance at December 31, 2022	4,542	$	31.60
Granted	2,179	23.32
Issued	(783)	27.56
Canceled / forfeited	(184)	32.89
Unvested balance at March 31, 2023	5,754	$	28.98

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,
	2023		2022
Cost of customer agreements and incentives	$	1,841	$	3,187
Cost of solar energy systems and product sales	1,768		3,332
Sales and marketing	14,877		24,134
Research and development	442		953
General and administration	9,338		7,613
Total	$	28,266	$	39,219