Equity (Tables)
|
6 Months Ended |
Jun. 30, 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 |
|
Six Months
Ended |
|
|
June 30, |
|
June 30, |
|
|
2016 |
|
2015 |
|
2016 |
|
2015 |
|
|
U.S $ in
thousands |
| Cost
of sales |
|
$ |
729 |
|
$ |
1,797 |
|
$ |
1,451 |
|
$ |
3,630 |
| Research and development,
net |
|
|
1,357 |
|
|
1,506 |
|
|
2,716 |
|
|
3,374 |
| Selling, general and administrative |
|
|
3,393 |
|
|
6,261 |
|
|
6,935 |
|
|
12,320 |
| Total stock-based compensation
expenses |
|
$ |
5,479 |
|
$ |
9,564 |
|
$ |
11,102 |
|
$ |
19,324 |
|
| Summary of Stock Options Activity |
A summary of the Companys
stock option activity for the six months ended June 30, 2016 is as follows:
|
|
|
|
|
Weighted Average |
|
|
Number of
Options |
|
Exercise
Price |
| Options outstanding as of January 1,
2016 |
|
2,449,742 |
|
|
$ |
39.73 |
| Granted |
|
559,340 |
|
|
|
23.03 |
| Exercised |
|
(93,591 |
) |
|
|
7.60 |
| Forfeited |
|
(116,502 |
) |
|
|
45.57 |
| Options outstanding as of June 30,
2016 |
|
2,798,989 |
|
|
$ |
37.19 |
| Options exercisable as of June 30,
2016 |
|
1,230,844 |
|
|
$ |
37.46 |
|
| Summary of RSUs activity |
A summary of the Companys
RSUs activity for the six months ended June 30, 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 |
|
(70,942 |
) |
|
|
78.77 |
| Vested |
|
(43,557 |
) |
|
|
94.73 |
| Unvested
RSUs outstanding as of June 30, 2016 |
|
444,625 |
|
|
$ |
80.45 |
|
| 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 six months ended June 30, 2016 and 2015:
|
|
Six months ended June 30,
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 |
|
|
542 |
|
|
|
380 |
|
|
|
922 |
|
| Amounts
reclassified from accumulated |
|
|
|
|
|
|
|
|
|
|
|
|
| other
comprehensive income |
|
|
(151 |
) |
|
|
- |
|
|
|
(151 |
) |
| Other
comprehensive income |
|
|
391 |
|
|
|
380 |
|
|
|
771 |
|
| Balance as
of June 30, 2016 |
|
$ |
284 |
|
|
$ |
(10,287 |
) |
|
$ |
(10,003 |
) |
| |
|
|
Six months ended June 30,
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 |
|
|
327 |
|
|
|
(5,420 |
) |
|
|
(5,093 |
) |
| Amounts
reclassified from accumulated |
|
|
|
|
|
|
|
|
|
|
|
|
| other
comprehensive income |
|
|
1,311 |
|
|
|
- |
|
|
|
1,311 |
|
| Other
comprehensive income (loss) |
|
|
1,638 |
|
|
|
(5,420 |
) |
|
|
(3,782 |
) |
| Balance as of June 30, 2015 |
|
$ |
395 |
|
|
$ |
(7,824 |
) |
|
$ |
(7,429 |
) |
|