Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.4.0.3
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 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 for each group of similar products and services are as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2016

 

 

2015

 

Operating leases

 

$

25,327

 

 

$

17,132

 

Incentives

 

 

9,213

 

 

 

5,176

 

Operating leases and incentives

 

 

34,540

 

 

 

22,308

 

Solar energy systems

 

 

30,192

 

 

 

5,806

 

Products

 

 

34,011

 

 

 

21,563

 

Solar energy systems and product sales

 

 

64,203

 

 

 

27,369

 

Total revenue

 

$

98,743

 

 

$

49,677