Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| Income Taxes [Abstract] |
|
| Schedule of Components of Company's Deferred Tax Assets and Liabilities |
|
|
December 31,
|
|
|
December 31,
|
|
|
|
2015
|
|
|
2014
|
|
|
|
(U.S. $ in thousands)
|
|
| Deferred tax assets: |
|
|
|
|
|
|
|
|
| Tax losses carry forwards |
|
$ |
87,718 |
|
|
$ |
35,904 |
|
| Inventory related |
|
|
18,317 |
|
|
|
11,878 |
|
| Intangibles assets |
|
|
31,890 |
|
|
|
- |
|
| Provision for employee related obligations |
|
|
7,672 |
|
|
|
9,516 |
|
| Stock-based compensation expense |
|
|
6,214 |
|
|
|
5,673 |
|
| Deferred revenue |
|
|
3,344 |
|
|
|
2,272 |
|
| Depreciation |
|
|
1,994 |
|
|
|
3,907 |
|
| Allowance for doubtful accounts |
|
|
776 |
|
|
|
430 |
|
| Foreign currency losses |
|
|
- |
|
|
|
1,260 |
|
| Research and development credit carryforwards |
|
|
8,355 |
|
|
|
2,009 |
|
| Other items |
|
|
2,223 |
|
|
|
2,389 |
|
| Gross deferred tax assets |
|
|
168,503 |
|
|
|
75,238 |
|
| Valuation allowance |
|
|
(152,115 |
) |
|
|
- |
|
| Total deferred tax assets |
|
$ |
16,388 |
|
|
$ |
75,238 |
|
| |
|
|
|
|
|
|
|
|
| Deferred tax liabilities: |
|
|
|
|
|
|
|
|
| Intangibles assets |
|
$ |
(28,387 |
) |
|
$ |
(103,541 |
) |
Foreign currency losses
|
|
|
(450) |
|
|
|
- |
|
| Depreciation |
|
|
(1,852) |
|
|
|
(1,556 |
) |
| Total deferred tax liabilities |
|
$ |
(30,689 |
) |
|
$ |
(105,097 |
) |
| |
|
|
|
|
|
|
|
|
| Net deferred tax liabilities |
|
$ |
(14,301) |
|
|
$ |
(29,859 |
) |
|
| Schedule of Deferred Tax Assets and Liabilities Classified in Consolidated Balance Sheets |
|
December 31,
2015 |
|
December 31,
2014
|
|
|
(U.S. $ in thousands)
|
|
Current deferred tax assets
|
$ |
-
|
|
$ |
25,697 |
| Non-current deferred tax assets |
|
1,739 |
|
|
279 |
| Non-current deferred tax liabilities |
|
16,040 |
|
|
55,835 |
| Net deferred tax assets |
$ |
(14,301) |
|
$ |
(29,859) |
|
| Schedule of loss before Income Taxes |
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
|
|
(U.S. $ in thousands) |
|
| Domestic |
|
$ |
(635,721 |
) |
|
$ |
25,903 |
|
|
$ |
(13,391 |
) |
| Foreign |
|
|
(748,110 |
) |
|
|
(180,621 |
) |
|
|
(15,990 |
) |
|
|
$ |
(1,383,831 |
) |
|
$ |
(154,718 |
) |
|
$ |
(29,381 |
) |
|
| Schedule of Components of Income Taxes |
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
|
|
(U.S. $ in thousands) |
|
| Current |
|
|
|
|
|
|
| Domestic |
|
$ |
4,564 |
|
|
$ |
10,650 |
|
|
$ |
14,714 |
|
| Foreign |
|
|
8,304 |
|
|
|
7,989 |
|
|
|
1,914 |
|
|
|
|
12,868 |
|
|
|
18,639 |
|
|
|
16,628 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Deferred |
|
|
|
|
|
|
|
|
|
|
|
|
| Domestic |
|
|
(18,607 |
) |
|
|
(5,177 |
) |
|
|
(9,428 |
) |
| Foreign |
|
|
(4,581 |
) |
|
|
(48,710 |
) |
|
|
(9,674 |
) |
|
|
|
(23,188 |
) |
|
|
(53,887 |
) |
|
|
(19,102 |
) |
| Total income taxes |
|
$ |
(10,320 |
) |
|
$ |
(35,248 |
) |
|
$ |
(2,474) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Reconciliation of Income Tax Rate |
|
2015 |
|
|
2014 |
|
|
2013 |
|
| Statutory tax rate |
26.5 |
% |
|
26.5 |
% |
|
25.0 |
% |
| Approved and Privileged enterprise benefits |
(0.4) |
|
|
3.7 |
|
|
6.0 |
|
| Goodwill and intangibles impairment |
(15.3) |
|
|
(17.3) |
|
|
- |
|
| Revaluation of obligations in connection with acquisitions |
0.2 |
|
|
3.1 |
|
|
- |
|
| Stock compensation expense |
(0.4) |
|
|
(3.7 |
) |
|
(17.3) |
|
| Tax contingencies |
(0.3) |
|
|
1.6 |
|
|
(12.1) |
|
| Non-deductible acquisition expenses |
(0.1) |
|
|
(0.1 |
) |
|
(4.8) |
|
| Earning taxed under foreign law |
1.4 |
|
|
9.6 |
|
|
13.2 |
|
| Valuation Allowance |
(11.0) |
|
|
- |
|
|
- |
|
| Other |
0.1 |
|
|
(0.6 |
) |
|
(1.6) |
|
| Effective income tax rate |
0.7 |
% |
|
22.8 |
% |
|
8.4 |
% |
|
| Schedule of Unrecognized Tax Benefits |
| |
|
2015
|
|
2014 |
|
2013 |
|
|
|
(U.S. $ in thousands) |
|
| Balance at beginning of year |
|
$ |
8,552 |
|
|
$ |
10,346 |
|
|
$ |
4,041 |
|
| Additions for tax positions related to the current year
|
|
|
4,116 |
|
|
|
2,705 |
|
|
|
3,997
|
|
| Additions for tax positions related to previous years
|
|
|
1,987 |
|
|
|
734 |
|
|
|
2,562
|
|
| Reduction of reserve for statute expirations
|
|
|
(725 |
) |
|
|
(5,233 |
) |
|
|
(254 |
) |
| Balance at end of year |
|
$ |
13,930 |
|
|
$ |
8,552 |
|
|
$ |
10,346
|
|
|