Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 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 1,483    11.20   
Exercised (1,396)   6.18   
Cancelled (380)   9.16   
Outstanding at June 30, 2020 10,491    $ 8.01    6.67 $ 122,842   
Options vested and exercisable at June 30, 2020 6,933    $ 6.57    5.63 $ 91,150   
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 six months ended June 30, 2020 (shares in thousands):
Number of Awards Weighted Average Grant Date Fair Value
Unvested balance at December 31, 2019 3,943    $ 11.42   
Granted 3,138    11.99   
Issued (2,128)   11.98   
Cancelled / forfeited (403)   10.70   
Unvested balance at June 30, 2020 4,550    $ 11.61   
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,
2020 2019 2020 2019
Cost of customer agreements and incentives $ 930    $ 624    $ 2,876    $ 1,255   
Cost of solar energy systems and product sales
270    190    943    358   
Sales and marketing 1,821    1,303    5,299    2,431   
Research and development 466    408    1,541    744   
General and administration 6,895    4,258    18,668    7,778   
Total $ 10,382    $ 6,783    $ 29,327    $ 12,566