VIE Arrangements (Tables)

3 Months Ended

Mar. 31, 2017

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):

	March 31, 2017		December 31, 2016
Assets
Current assets
Cash	$	114,974	$	120,728
Restricted cash		1,631		1,680
Accounts receivable, net		22,916		20,771
Prepaid expenses and other current assets		202		242
Total current assets		139,723		143,421
Solar energy systems, net		2,083,079		1,920,330
Other assets		1,478		1,481
Total assets	$	2,224,280	$	2,065,232

Liabilities
Current liabilities
Accounts payable	$	22,564	$	14,873
Distributions payable to noncontrolling interests and redeemable noncontrolling interests		11,157		10,654
Accrued expenses and other liabilities		1,600		782
Deferred revenue, current portion		28,593		25,827
Deferred grants, current portion		3,641		3,644
Long-term non-recourse debt, current portion		9,813		8,616
Total current liabilities		77,368		64,396
Deferred revenue, net of current portion		405,211		396,858
Deferred grants, net of current portion		104,447		105,390
Long-term non-recourse debt, net of current portion		51,925		50,367
Total liabilities	$	638,951	$	617,011

- 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