Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.4.0.3
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2016
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, 2016 (shares in thousands):

 

 

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

Average

 

 

 

Options

 

 

Exercise Price

 

 

Remaining

 

 

 

Outstanding

 

 

Outstanding

 

 

Contractual Life

 

Outstanding at January 1, 2016

 

 

12,795

 

 

$

5.89

 

 

 

7.82

 

Granted

 

 

2,524

 

 

 

5.42

 

 

 

 

 

Exercised

 

 

(219

)

 

 

2.35

 

 

 

 

 

Cancelled / forfeited

 

 

(255

)

 

 

8.55

 

 

 

 

 

Outstanding at March 31, 2016

 

 

14,845

 

 

$

5.82

 

 

 

8.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options vested and exercisable at

   March 31, 2016

 

 

6,789

 

 

$

4.16

 

 

 

6.77

 

 

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, 2016 (shares in thousands):

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average Grant

 

 

 

 

 

 

 

Date Fair

 

 

 

Shares

 

 

Value

 

Unvested balance at January 1, 2016

 

 

1,506

 

 

$

10.44

 

Granted

 

 

1,359

 

 

 

5.38

 

Issued

 

 

(78

)

 

 

9.59

 

Cancelled / forfeited

 

 

(51

)

 

 

9.41

 

Unvested balance at March 31, 2016

 

 

2,736

 

 

$

7.95

 

 

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,

 

 

 

2016

 

 

2015

 

Cost of operating leases and incentives

 

$

207

 

 

$

49

 

Cost of solar energy systems and product sales

 

 

81

 

 

 

77

 

Sales and marketing

 

 

1,618

 

 

 

427

 

Research and development

 

 

97

 

 

 

62

 

General and administration

 

 

1,806

 

 

 

2,605

 

Total

 

$

3,809

 

 

$

3,220