Subsequent Events |
12 Months Ended |
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Dec. 31, 2016 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
SUBSEQUENT EVENTS
In February 2017, the Company’s Board of Directors authorized an increase in the Company’s share repurchase authorization to $15 million, up from $10 million, of the Company's Class A common stock from time to time on the open market or in privately negotiated transactions.
The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. Any repurchased shares will be available for use in connection with its stock plans and for other corporate purposes. The repurchase program will be funded using the Company's working capital and borrowings under its revolving line of credit.
In January 2017, the Company acquired two additional solar PV project currently under construction as well as associated construction loans agreement with a bank for use in providing non-recourse financing for these acquired solar PV project currently under construction. The Company paid $2,409 to acquire the asset under construction, and assumed $5,635 of associated non-recourse financing.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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