XML 54 R24.htm IDEA: XBRL DOCUMENT v3.3.0.814
Related Party Transactions
9 Months Ended
Sep. 30, 2015
Related Party Transactions [Abstract]  
Related Party Transactions

17.

Related Party Transactions

An individual who serves as one of the Company’s directors has direct and indirect ownership interests in Enphase Energy, Inc. For the three and nine months ended September 30, 2015, the Company recorded $3.3 million and $8.2 million, respectively, in purchases from Enphase Energy, Inc. and had outstanding payables of $3.7 million and $1.1 million as of September 30, 2015 and December 31, 2014, respectively. For the three and nine months ended September 30, 2014, the Company recorded $3.1 million and $6.0 million, respectively, in purchases from Enphase Energy, Inc.

An individual who served as one of the Company’s directors until March 2015 and his spouse have a direct material ownership interest in REC Solar Commercial Corporation (RECC). For the three and nine months ended September 30, 2015, the Company recorded $0.0 million and $0.3 million, respectively, in solar energy systems and products sales revenue from sales to RECC and had outstanding receivables of $0.0 million and $0.1 million as of September 30, 2015 and December 31, 2014, respectively.  For the three and nine months ended September 30, 2014, the Company recorded $3.8 million and $7.6 million, respectively, in solar energy systems and product sales revenue from sales to RECC.