Equity (Tables)
|
3 Months Ended |
Mar. 31, 2016 |
|---|
| Equity [Abstract] |
|
| Schedule of Share-based Compensation Expense |
Stock-based compensation
expenses for equity classified stock options and RSUs were allocated as follows:
|
|
Three Months Ended March
31, |
|
|
2016 |
|
2015 |
|
|
U.S $ in
thousands |
| Cost of
sales |
|
$ |
723 |
|
$ |
1,833 |
| Research and
development, net |
|
|
1,359 |
|
|
1,868 |
| Selling,
general and administrative |
|
|
3,541 |
|
|
6,059 |
| Total
stock-based compensation expenses |
|
$ |
5,623 |
|
$ |
9,760 |
|
| Summary of Stock Options Activity |
A summary of the Companys
stock option activity for the three months ended March 31, 2016 is as follows:
|
|
|
|
|
Weighted Average |
|
|
Number of
Options |
|
Exercise
Price |
| Options
outstanding as of January 1, 2016 |
|
2,449,742 |
|
|
$ |
39.73 |
| Granted |
|
481,489 |
|
|
|
23.24 |
| Exercised |
|
(13,820 |
) |
|
|
8.86 |
| Forfeited |
|
(68,120 |
) |
|
|
41.49 |
| Options
outstanding as of March 31, 2016 |
|
2,849,291 |
|
|
$ |
37.05 |
| Options
exercisable as of March 31, 2016 |
|
1,082,060 |
|
|
$ |
34.32 |
|
| Summary of RSUs activity |
A summary of the Companys
RSUs activity for the three months ended March 31, 2016 is as follows:
|
|
|
|
|
Weighted Average |
|
|
Number of RSUs |
|
Grant Date Fair
Value |
| Unvested
RSUs outstanding as of January 1, 2016 |
|
559,124 |
|
|
$ |
81.35 |
| Forfeited |
|
(41,483 |
) |
|
|
81.33 |
| Vested |
|
(11,358 |
) |
|
|
98.88 |
| Unvested
RSUs outstanding as of March 31, 2016 |
|
506,283 |
|
|
$ |
80.96 |
|
| Schedule of Accumulated other comprehensive income (loss) |
The following table
presents the changes in the components of accumulated other comprehensive income
(loss), net of taxes for the three months ended March 31, 2016 and
2015:
|
|
Three months ended March 31,
2016 |
|
|
Net unrealized gain |
|
Foreign currency |
|
|
|
|
|
|
(loss) on cash flow |
|
translation |
|
|
|
|
|
|
hedges |
|
adjustments |
|
Total |
|
|
U.S. $ in thousands |
| Balance as
of January 1, 2016 |
|
$ |
(107 |
) |
|
$ |
(10,667 |
) |
|
$ |
(10,774 |
) |
| Other
comprehensive income before |
|
|
|
|
|
|
|
|
|
|
|
|
| reclassifications |
|
|
863 |
|
|
|
3,341 |
|
|
|
4,204 |
|
| Amounts
reclassified from accumulated |
|
|
|
|
|
|
|
|
|
|
|
|
| other
comprehensive income |
|
|
68 |
|
|
|
- |
|
|
|
68 |
|
| Other
comprehensive income |
|
|
931 |
|
|
|
3,341 |
|
|
|
4,272 |
|
| Balance as
of March 31, 2016 |
|
$ |
824 |
|
|
$ |
(7,326 |
) |
|
$ |
(6,502 |
) |
|
|
Three months ended March 31,
2015 |
|
|
Net unrealized gain |
|
Foreign currency |
|
|
|
|
|
|
(loss) on cash flow |
|
translation |
|
|
|
|
|
|
hedges |
|
adjustments |
|
Total |
|
|
U.S. $ in thousands |
| Balance as
of January 1, 2015 |
|
$ |
(1,243 |
) |
|
$ |
(2,404 |
) |
|
$ |
(3,647 |
) |
| Other
comprehensive loss before |
|
|
|
|
|
|
|
|
|
|
|
|
| reclassifications |
|
|
(728 |
) |
|
|
(6,408 |
) |
|
|
(7,136 |
) |
| Amounts
reclassified from accumulated |
|
|
|
|
|
|
|
|
|
|
|
|
| other
comprehensive income |
|
|
1,108 |
|
|
|
- |
|
|
|
1,108 |
|
| Other
comprehensive income (loss) |
|
|
380 |
|
|
|
(6,408 |
) |
|
|
(6,028 |
) |
| Balance as
of March 31, 2015 |
|
$ |
(863 |
) |
|
$ |
(8,812 |
) |
|
$ |
(9,675 |
) |
|