Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Equity (Tables)

v3.20.1
Equity (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Schedule of Share-based Compensation Expense

Stock-based compensation expenses for equity-classified stock options, restricted share units (“RSUs”) and performance stock units ("PSUs") were allocated as follows:

Three Months Ended

March 31,

2020

2019

U.S. $ in thousands

Cost of sales

 

$

402

 

$

354

Research and development, net

$

1,556

759

Selling, general and administrative

$

2,949

3,116

Total stock-based compensation expenses

$

4,907

$

4,229

Summary of Stock Options Activity

A summary of the Company’s stock option activity for the three months ended March 31, 2020 is as follows:

Number of Options

Weighted Average

Exercise Price

Options outstanding as of January 1, 2020

 

1,961,532

$

31.16

Granted

300,000

16.41

Forfeited

(49,371

)

32.64

Options outstanding as of March 31, 2020

2,212,161

$

29.13

Options exercisable as of March 31, 2020

1,625,889

$

33.04

Summary of RSUs and PSUs activity

A summary of the Company’s RSUs and PSUs activity for the three months ended March 31, 2020 is as follows:

Number of RSUs and PSUs

Weighted Average Grant

Date Fair Value

Unvested as of January 1, 2020

 

 

2,362,991

 

 

$

24.10

Granted

1,176,436

18.17

Vested

(361,118

)

25.97

Forfeited

(127,520

)

21.68

Unvested as of March 31, 2020

3,050,789

$

21.69

Schedule of Accumulated other comprehensive income (loss)

The following tables present the changes in the components of accumulated other comprehensive income (loss), net of taxes, for the three months ended March 31, 2020 and 2019, respectively:

 

 

Three months ended March 31, 2020

 

 

 

Net unrealized gain (loss) on cash flow hedges

 

Foreign currency translation adjustments

 

Total

 

 

 

U.S. $ in thousands

 

Balance as of January 1, 2020

 

$

(10

)

 

$

(7,706

)

 

$

(7,716

)

Other comprehensive income (loss) before reclassifications

 

 

849

 

 

 

(1,954

)

 

 

(1,105

)

Amounts reclassified from accumulated other comprehensive loss

 

 

(27

)

 

 

-

 

 

 

(27

)

Other comprehensive income (loss)

 

 

822

 

 

 

(1,954

)

 

 

(1,132

)

Balance as of March 31, 2020

 

$

812

 

 

$

(9,660

)

 

$

(8,848

)

15


STRATASYS LTD.

NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)

Three months ended March 31, 2019

Net unrealized gain

(loss) on cash flow

hedges

Foreign currency

translation

adjustments

Total

U.S. $ in thousands

Balance as of January 1, 2019

$

(627

)

$

(7,126

)

$

(7,753

)

Other comprehensive income (loss) before reclassifications

1,011

(427

)

584

Amounts reclassified from accumulated other comprehensive loss

(16

)

-

(16

)

Other comprehensive income (loss)

995

(427

)

568

Balance as of March 31, 2019

$

368

$

(7,553

)

$

(7,185

)