VIE Arrangements (Tables)

6 Months Ended

Jun. 30, 2015

Variable Interest Entity Disclosure [Abstract]

Carrying Amounts and Classification of the VIEs' Assets and Liabilities Included in the Consolidated Balance Sheets

The carrying amounts and classification of the VIEs’ assets and liabilities included in the consolidated balance sheets are as follows (in thousands):

	June 30, 2015		December 31, 2014
Assets
Current assets
Cash and cash equivalents	$	72,983	$	29,099
Restricted cash		311		228
Accounts receivable, net		15,609		14,351
Prepaid expenses and other current assets		199		180
Total current assets		89,102		43,858
Restricted cash		418		365
Solar energy systems, net		1,113,088		942,655
Total Assets	$	1,202,608	$	986,878

Liabilities
Current liabilities
Accounts payable	$	16,765	$	9,057
Distribution payable to noncontrolling interests and redeemable noncontrolling interests		6,413		6,426
Accrued expenses and other liabilities		162		340
Deferred revenue, current portion		18,962		16,991
Deferred grants, current portion		7,224		7,225
Long-term debt, current portion		1,086		1,437
Total current liabilities		50,612		41,476
Deferred revenue, net of current portion		310,152		284,801
Deferred grant income, net of current portion		112,480		116,126
Long-term debt, net of current portion		31,133	$	31,945
Total liabilities	$	504,377	$	474,348

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details