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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
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 six months ended June 30, 2016 (shares in thousands):

 

 

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

Average

 

 

 

Options

 

 

Exercise Price

 

 

Remaining

 

 

 

Outstanding

 

 

Outstanding

 

 

Contractual Life

 

Outstanding at January 1, 2016

 

 

12,795

 

 

$

5.89

 

 

 

7.82

 

Granted

 

 

2,974

 

 

 

5.70

 

 

 

 

 

Exercised

 

 

(912

)

 

 

2.81

 

 

 

 

 

Cancelled / forfeited

 

 

(866

)

 

 

8.38

 

 

 

 

 

Outstanding at June 30, 2016

 

 

13,991

 

 

$

5.90

 

 

 

7.87

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options vested and exercisable at

   June 30, 2016

 

 

6,957

 

 

$

4.71

 

 

 

6.77

 

 

Summary of Activity for All Restricted Stock Unites ("RSUs")

The following table summarizes the activity for all restricted stock units (“RSUs”) under all of the Company’s equity incentive plans for the six months ended June 30, 2016 (shares in thousands):

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average Grant

 

 

 

 

 

 

 

Date Fair

 

 

 

Shares

 

 

Value

 

Unvested balance at January 1, 2016

 

 

1,506

 

 

$

10.44

 

Granted

 

 

2,156

 

 

 

6.07

 

Issued

 

 

(149

)

 

 

9.38

 

Cancelled / forfeited

 

 

(128

)

 

 

6.74

 

Unvested balance at June 30, 2016

 

 

3,385

 

 

$

7.70

 

 

Summary 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Cost of operating leases and incentives

 

$

632

 

 

$

248

 

 

$

839

 

 

$

297

 

Cost of solar energy systems and product sales

 

 

117

 

 

 

35

 

 

 

198

 

 

 

112

 

Sales and marketing

 

 

1,890

 

 

 

1,209

 

 

 

3,508

 

 

 

1,636

 

Research and development

 

 

149

 

 

 

64

 

 

 

246

 

 

 

126

 

General and administration

 

 

2,050

 

 

 

1,645

 

 

 

3,856

 

 

 

4,250

 

Total

 

$

4,838

 

 

$

3,201

 

 

$

8,647

 

 

$

6,421