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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
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 three months ended March 31, 2017 (shares in thousands):

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

Aggregate

 

 

 

Number

 

 

Average

 

 

Remaining

 

 

Intrinsic

 

 

 

of Options

 

 

Exercise Price

 

 

Contractual Life

 

 

Value

 

Outstanding at January 1, 2017

 

 

12,897

 

 

$

5.94

 

 

 

7.49

 

 

 

 

 

Granted

 

 

4,269

 

 

 

5.00

 

 

 

 

 

 

 

 

 

Exercised

 

 

(41

)

 

 

1.96

 

 

 

 

 

 

 

 

 

Cancelled / forfeited

 

 

(118

)

 

 

8.87

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2017

 

 

17,007

 

 

$

5.70

 

 

 

7.94

 

 

$

11,677

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options vested and exercisable at

   March 31, 2017

 

 

7,581

 

 

$

5.24

 

 

 

6.42

 

 

$

9,392

 

 

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 three months ended March 31, 2017 (shares in thousands):

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

Number

 

 

Grant Date

 

 

 

of Awards

 

 

Fair Value

 

Unvested balance at January 1, 2017

 

 

4,106

 

 

$

6.87

 

Granted

 

 

2,534

 

 

 

5.00

 

Issued

 

 

(281

)

 

 

5.63

 

Cancelled / forfeited

 

 

(275

)

 

 

5.58

 

Unvested balance at March 31, 2017

 

 

6,084

 

 

$

6.20

 

 

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 March 31,

 

 

 

2017

 

 

2016

 

Cost of operating leases and incentives

 

$

751

 

 

$

207

 

Cost of solar energy systems and product sales

 

 

114

 

 

 

81

 

Sales and marketing

 

 

1,917

 

 

 

1,618

 

Research and development

 

 

149

 

 

 

97

 

General and administration

 

 

2,943

 

 

 

1,806

 

Total

 

$

5,874

 

 

$

3,809