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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of Impact of Company's Adoption of the ASU

The impact of the Company’s adoption of the ASUs on the prior period consolidated balance sheet was as follows (in thousands):

 

 

 

December 31, 2015

 

 

 

As Previously Reported

 

 

Adoption of ASU

 

 

As Reclassified

 

Prepaid expenses and other

   current assets

 

$

6,696

 

 

$

(779

)

 

$

5,917

 

Other assets

 

 

32,277

 

 

 

(2,775

)

 

 

29,502

 

Long-term non-recourse debt,

   current portion

 

 

5,408

 

 

 

(686

)

 

 

4,722

 

Recourse debt

 

 

194,975

 

 

 

2,025

 

 

 

197,000

 

Long-term non-recourse debt,

   net of current portion

 

 

337,935

 

 

 

(4,893

)

 

 

333,042

 

 

Schedule of Revenue from External Customers

Revenues from external customers (including, but not limited to homeowners) for each group of similar products and services are as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Operating leases

 

$

125,197

 

 

$

86,332

 

 

$

63,962

 

Incentives

 

 

43,220

 

 

 

31,672

 

 

 

20,044

 

Operating leases and incentives

 

 

168,417

 

 

 

118,004

 

 

 

84,006

 

Solar energy systems

 

 

127,727

 

 

 

50,191

 

 

 

23,687

 

Products

 

 

157,754

 

 

 

136,411

 

 

 

90,864

 

Solar energy systems and product sales

 

 

285,481

 

 

 

186,602

 

 

 

114,551

 

Total revenue

 

$

453,898

 

 

$

304,606

 

 

$

198,557

 

 

Schedule of Accounts Receivable

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

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Customer receivables

 

$

50,811

 

 

$

46,169

 

Customer deposits

 

 

5,793

 

 

 

10,150

 

Other receivables

 

 

856

 

 

 

4,376

 

Rebates receivable

 

 

3,964

 

 

 

1,221

 

Allowance for doubtful accounts

 

 

(1,166

)

 

 

(1,641

)

Total

 

$

60,258

 

 

$

60,275

 

 

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

 

Lesser of 5 years or lease term

Automobiles

 

Lease term

 

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

Developed technology

 

5 years

Trade names

 

5-8 years

 

Schedule of Deferred Revenue

Deferred revenue consists of the following (in thousands):

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Customer payments

 

$

400,233

 

 

$

370,754

 

Rebates and incentives

 

 

110,576

 

 

 

102,827

 

ITCs

 

 

121,004

 

 

 

126,853

 

SRECs

 

 

22,437

 

 

 

18,358

 

Total

 

$

654,250

 

 

$

618,792