Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Changes in Allowance for Doubtful Accounts
Changes in the allowance for doubtful accounts are as follows:
 
Nine Months Ended September 30,
 
2017

2016
Allowance for doubtful accounts, beginning of period
$
7,836

 
$
3,729

Charges to costs and expenses
68

 
4,057

Account write-offs and other
(4,088
)
 
195

Allowance for doubtful accounts, end of period
$
3,816

 
$
7,981

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:
Asset Classification
 
Estimated Useful Life
Furniture and office equipment
 
Five years
Computer equipment and software costs
 
Three to five years
Leasehold improvements
 
Lesser of term of lease or five years
Automobiles
 
Five years
Land
 
Unlimited
Included in energy assets are capital lease assets and accumulated depreciation of capital lease assets. Capital lease assets consist of the following:
 
As of September 30,
 
As of December 31,
 
2017
 
2016
Capital lease assets
$
30,430

 
$
15,640

Less - accumulated depreciation and amortization
(1,630
)
 
(744
)
Capital lease assets, net
$
28,800

 
$
14,896

Schedule of Sale Leaseback Transactions
See below for a summary of solar PV project sales by fiscal quarter under our sale-leaseback agreements:

Quarter Ended
 
# Solar PV Projects Sold
 
Sale Price
 
Deferred Gain Recorded
 
Deferred Loss Recorded
 
Capital Lease Asset/Liability Recorded
 
Initial Lease Term
 
Periodic Minimum Lease Payment
 
Periodic Maximum Lease Payment
September 30, 2016
 
1
 
6,037

 
333

 

 
3,158

 
25
 
2

 
397

September 30, 2017
 
3
 
9,157

 
642

 

 
4,114

 
20
 
13

 
231

A summary of amounts related to sale leasebacks in the Company’s consolidated balance sheets is as follows:
 
September 30,
 
December 31,
 
2017
 
2016
Capital lease assets, net
$
28,800

 
$
14,896

Deferred loss, short-term, net
109

 
53

Deferred loss, long-term, net
1,943

 
956

Capital lease liabilities, short-term
3,451

 
2,185

Capital lease liabilities, long-term
24,857

 
12,462

Deferred gain, short-term, net
195

 
89

Deferred gain, long-term, net
$
3,195

 
$
1,632

Schedule of Earnings Per Share, Basic and Diluted
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.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Net income attributable to common shareholders
$
8,493

 
$
5,715

 
$
13,680

 
$
8,763

Basic weighted-average shares outstanding
45,524,041

 
46,360,575

 
45,500,476

 
46,606,494

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
246,527

 
69,588

 
163,308

 
62,542

Diluted weighted-average shares outstanding
45,770,568

 
46,430,163

 
45,663,784

 
46,669,036