Equity (Tables)
|
9 Months Ended |
Sep. 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 |
|
Nine Months Ended |
|
|
September 30, |
|
September
30, |
|
|
2016 |
|
2015 |
|
2016 |
|
2015 |
|
|
U.S. $ in
thousands |
| Cost of
sales |
|
$
|
680 |
|
$
|
739 |
|
$
|
2,131 |
|
$
|
4,369 |
| Research and
development, net |
|
$ |
1,103 |
|
|
985 |
|
$ |
3,819 |
|
|
4,359 |
| Selling,
general and administrative |
|
|
3,001 |
|
|
3,112 |
|
|
9,936 |
|
|
15,432 |
| Total
stock-based compensation expenses |
|
$ |
4,784 |
|
$ |
4,836 |
|
$ |
15,886 |
|
$ |
24,160 |
|
| Summary of Stock Options Activity |
A
summary of the Companys stock option activity for the nine months ended
September 30, 2016 was 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 |
(102,511 |
) |
|
|
7.97 |
| Forfeited |
(202,955 |
) |
|
|
40.79 |
| Options
outstanding as of September 30, 2016 |
2,703,616 |
|
|
$ |
37.35 |
| Options
exercisable as of September 30, 2016 |
1,325,588 |
|
|
$ |
38.30 |
|
| Summary of RSUs activity |
A summary of the Companys
RSUs activity for the nine months ended September 30, 2016 was as
follows:
|
|
|
|
Weighted Average |
|
Number of RSUs |
|
Grant Date Fair
Value |
| Unvested
RSUs outstanding as of January 1, 2016 |
559,124 |
|
|
$ |
81.35 |
| Forfeited |
(90,058 |
) |
|
|
79.19 |
| Vested |
(170,080 |
) |
|
|
94.19 |
| Unvested
RSUs outstanding as of September 30, 2016 |
298,986 |
|
|
|
74.70 |
|
| 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 nine months ended September 30, 2016 and 2015:
|
|
Nine months ended September
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 |
|
|
813 |
|
|
|
(324 |
) |
|
|
489 |
|
| Amounts
reclassified from accumulated |
|
|
|
|
|
|
|
|
|
|
|
|
| other comprehensive
income |
|
|
(385 |
) |
|
|
- |
|
|
|
(385 |
) |
| Other comprehensive income |
|
|
428 |
|
|
|
(324 |
) |
|
|
104 |
|
| Balance as
of September 30, 2016 |
|
$ |
321 |
|
|
$ |
(10,991 |
) |
|
$ |
(10,670 |
) |
|
|
Nine months ended September
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 |
|
|
(411 |
) |
|
|
(6,216 |
) |
|
|
(6,627 |
) |
| Amounts
reclassified from accumulated |
|
|
|
|
|
|
|
|
|
|
|
|
| other
comprehensive income |
|
|
1,575 |
|
|
|
- |
|
|
|
1,575 |
|
| Other comprehensive income
(loss) |
|
|
1,164 |
|
|
|
(6,216 |
) |
|
|
(5,052 |
) |
| Balance as
of September 30, 2015 |
|
$ |
(79 |
) |
|
$ |
(8,620 |
) |
|
$ |
(8,699 |
|