Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Dec. 31, 2018 |
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| Accounting Policies [Abstract] |
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| Changes in Allowance for Doubtful Accounts |
Changes in the allowance for doubtful accounts are as follows:
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Year Ended December 31, |
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2018 |
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2017 |
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2016 |
Allowance for doubtful accounts, beginning of period |
$ |
3,315 |
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|
$ |
7,836 |
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$ |
3,729 |
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Charges to costs and expenses |
610 |
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|
81 |
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|
4,332 |
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Account write-offs and other |
(1,160 |
) |
|
(4,602 |
) |
|
(225 |
) |
Allowance for doubtful accounts, end of period |
$ |
2,765 |
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$ |
3,315 |
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$ |
7,836 |
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| Estimated Useful Lives of Property and Equipment |
Depreciation and amortization of property and equipment are computed on a straight-line basis over the following estimated useful lives:
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Asset Classification |
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Estimated Useful Life |
Furniture and office equipment |
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Five years |
Computer equipment and software costs |
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Three to five years |
Leasehold improvements |
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Lesser of term of lease or five years |
Automobiles |
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Five years |
Land |
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Unlimited |
Property and equipment consists of the following:
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December 31, |
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2018 |
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2017 |
Furniture and office equipment |
$ |
6,118 |
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|
$ |
5,846 |
|
Computer equipment and software costs |
23,781 |
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|
21,457 |
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Leasehold improvements |
3,990 |
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|
3,255 |
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Automobiles |
1,373 |
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|
1,181 |
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Land |
1,454 |
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|
1,498 |
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Property and equipment, gross |
36,716 |
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|
33,237 |
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Less - accumulated depreciation |
(29,731 |
) |
|
(27,934 |
) |
Property and equipment, net |
$ |
6,985 |
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$ |
5,303 |
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| Schedule of Sale Leaseback Transactions |
A summary of amounts related to sale leasebacks in the Company’s consolidated balance sheets is as follows:
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December 31, |
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December 31, |
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2018 |
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2017 |
Capital lease assets, net |
$ |
38,263 |
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$ |
36,676 |
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Deferred loss, short-term, net |
115 |
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|
118 |
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Deferred loss, long-term, net |
1,917 |
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|
2,054 |
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Total deferred loss |
$ |
2,032 |
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$ |
2,172 |
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Capital lease liabilities, short-term |
4,956 |
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|
4,157 |
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Capital lease liabilities, long-term |
28,407 |
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|
30,712 |
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Total capital lease liabilites |
$ |
33,363 |
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$ |
34,869 |
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Deferred gain, short-term, net |
345 |
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|
338 |
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Deferred gain, long-term, net |
5,808 |
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|
5,835 |
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Total deferred gain |
$ |
6,153 |
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$ |
6,173 |
|
ee below for a summary of solar PV project sales by fiscal year:
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Year Ended |
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# Solar PV Projects Sold (actual #’s) |
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Sale Price |
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Deferred Gain Recorded |
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Deferred Loss Recorded |
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Capital Lease Asset/Liability Recorded |
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Initial Lease Term (years) |
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Minimum Lease Payment |
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Maximum Lease Payment |
Year-ended December 31, 2016 |
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6 |
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$ |
17,045 |
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$ |
906 |
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$ |
145 |
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$ |
8,830 |
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20-25 |
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$ |
2 |
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$ |
397 |
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Year-ended December 31, 2017 |
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13 |
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$ |
51,204 |
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$ |
4,625 |
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$ |
1,204 |
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$ |
22,934 |
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10-20 |
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$ |
4 |
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$ |
510 |
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Year-ended December 31, 2018 |
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2 |
|
$ |
5,145 |
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$ |
574 |
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$ |
— |
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$ |
2,625 |
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20 |
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$ |
3 |
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$ |
144 |
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| Basic and Diluted Earnings Per Share Calculation, Numerator and Denominator |
When the effects are not anti-dilutive, diluted earnings per share is calculated using the weighted-average outstanding common shares; the dilutive effect of convertible preferred stock, under the “if converted” method; and the treasury stock method with regard to warrants and stock options; all as determined under the treasury stock method.
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Year Ended December 31, |
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2018 |
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2017 |
|
2016 |
Net income attributable to common shareholders |
$ |
37,984 |
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$ |
37,491 |
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$ |
12,032 |
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Basic weighted-average shares outstanding |
45,729 |
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|
45,509 |
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|
46,409 |
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Effect of dilutive securities: |
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Stock options |
1,102 |
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|
239 |
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|
84 |
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Diluted weighted-average shares outstanding |
46,831 |
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|
45,748 |
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|
46,493 |
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