Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [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, 2020 (shares and aggregate intrinsic value in thousands):
Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value
Outstanding at December 31, 2019 10,784    $ 7.38    6.52 $ 71,745   
Granted 1,086    9.96   
Exercised (1,009)   5.88   
Cancelled (162)   9.00   
Outstanding at March 31, 2020 10,699    $ 7.75    6.80 $ 33,024   
Options vested and exercisable at March 31, 2020 6,922    $ 6.52    5.80 $ 26,557   
Summary of activity for all restricted stock units (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, 2020 (shares in thousands):
Number of Awards Weighted Average Grant Date Fair Value
Unvested balance at December 31, 2019 3,943    $ 11.42   
Granted 1,747    10.30   
Issued (663)   10.88   
Cancelled / forfeited (184)   10.17   
Unvested balance at March 31, 2020 4,843    $ 11.14   
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,
2020 2019
Cost of customer agreements and incentives $ 1,946    $ 632   
Cost of solar energy systems and product sales
673    167   
Sales and marketing 3,478    1,128   
Research and development 1,075    336   
General and administration 11,773    3,520   
Total $ 18,945    $ 5,783