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)
3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Changes in Allowance for Doubtful Accounts
Changes in the allowance for doubtful accounts are as follows:
 
Three Months Ended March 31,
 
2018

2017
Allowance for doubtful accounts, beginning of period
$
3,315

 
$
7,836

Charges to costs and expenses
64

 

Account write-offs and other
(86
)
 
(463
)
Allowance for doubtful accounts, end of period
$
3,293

 
$
7,373

Estimated Useful Lives of Property and Equipment
Included in energy assets are capital lease assets and accumulated depreciation of capital lease assets.
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
Schedule of Sale Leaseback Transactions
See below for a summary of solar PV project sales in prior year under our sale-leaseback agreements:

Quarter Ended
 
# Solar PV Projects Sold (actual #’s)_
 
Sale Price
 
Deferred Gain Recorded
 
Deferred Loss Recorded
 
Capital Lease Asset/Liability Recorded
 
Initial Lease Term (years)
 
Minimum Lease Payment
 
Maximum Lease Payment
March 31, 2017
 
2
 
8,783

 
273

 
913

 
4,751

 
10-20
 
4

 
407

A summary of amounts related to sale leasebacks in the Company’s consolidated balance sheets is as follows:
 
March 31,
 
December 31,
 
2018
 
2017
Capital lease assets, net
37,034

 
36,676

Deferred loss, short-term, net
115

 
118

Deferred loss, long-term, net
2,004

 
2,054

Total deferred loss
2,119

 
2,172

Capital lease liabilities, short-term
4,359

 
4,157

Capital lease liabilities, long-term
31,400

 
30,712

Total capital lease liabilities
35,759

 
34,869

Deferred gain, short-term, net
328

 
338

Deferred gain, long-term, net
5,728

 
5,835

Total deferred gain
6,056

 
6,173

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 March 31,
 
2018
 
2017
Net income attributable to common shareholders
$
6,988

 
$
(644
)
Basic weighted-average shares outstanding
45,373,000

 
45,514,000

Effect of dilutive securities:
 
 
 
Stock options
621,000

 

Diluted weighted-average shares outstanding
45,994,000

 
45,514,000