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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Schedule of Revenue from External Customers

Revenues from external customers for each group of similar products and services are as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Operating leases

 

$

86,332

 

 

$

63,962

 

 

$

44,249

 

Incentives

 

 

31,672

 

 

 

20,044

 

 

 

10,491

 

Operating leases and incentives

 

 

118,004

 

 

 

84,006

 

 

 

54,740

 

Solar energy systems

 

 

50,191

 

 

 

23,687

 

 

 

 

Products

 

 

136,411

 

 

 

90,864

 

 

 

 

Solar energy systems and product sales

 

 

186,602

 

 

 

114,551

 

 

 

 

Total revenue

 

$

304,606

 

 

$

198,557

 

 

$

54,740

 

 

Schedule of Accounts Receivable

Accounts receivable, net consists of the following (in thousands):

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

Customer receivables

 

$

46,169

 

 

$

24,477

 

Customer deposits

 

 

10,150

 

 

 

11,135

 

Other receivables

 

 

4,376

 

 

 

5,936

 

Rebates receivable

 

 

1,221

 

 

 

2,344

 

Allowance for doubtful accounts

 

 

(1,641

)

 

 

(703

)

Total

 

$

60,275

 

 

$

43,189

 

 

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

 

5-7 years

Automobiles

 

4-5 years

 

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

Backlog

 

1 year

Developed technology

 

5 years

Trade names

 

4 months to 5 years

 

Schedule of Deferred Revenue

Deferred revenue consists of the following (in thousands):

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

Customer payments

 

$

370,754

 

 

$

311,193

 

Rebates and incentives

 

 

102,827

 

 

 

101,318

 

ITCs

 

 

126,853

 

 

 

85,767

 

SRECs

 

 

18,358

 

 

 

13,846

 

Total

 

$

618,792

 

 

$

512,124