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

Equity (Tables)

v3.7.0.1
Equity (Tables)
 3 Months Ended
Mar. 31, 2017
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,
2017       2016
U.S $ in thousands
Cost of sales $      643 $      723
Research and development, net 849 1,359
Selling, general and administrative 2,412 3,541
Total stock-based compensation expenses $ 3,904 $ 5,623
Summary of Stock Options Activity

A summary of the Company’s stock option activity for the three months ended March 31, 2017 is as follows:

            Weighted Average
Number of Options Exercise Price
Options outstanding as of January 1, 2017                    2,615,461 $      37.21
Exercised (35,769 ) 14.75
Forfeited (220,977 ) 40.37
Options outstanding as of March 31, 2017 2,358,715 $ 37.25
Options exercisable as of March 31, 2017 1,533,280 $ 38.62
Summary of RSUs activity

A summary of the Company’s RSUs activity for the three months ended March 31, 2017 is as follows:

            Weighted Average
Number of RSUs Grant Date Fair Value
Unvested RSUs outstanding as of January 1, 2017                     267,756 $      81.35
Forfeited (33,120 ) 70.44
Vested (49,523 ) 82.12
Unvested RSUs outstanding as of March 31, 2017 185,113 83.10
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, 2017 and 2016:

      Three months ended March 31, 2017
Net unrealized gain Foreign currency
(loss) on cash flow translation
hedges       adjustments       Total
U.S. $ in thousands
Balance as of January 1, 2017 $                           (24 ) $                   (13,455 ) $      (13,479 )
Other comprehensive income before
       reclassifications 793 713 1,506
Amounts reclassified from accumulated
       other comprehensive income (270 ) - (270 )
Other comprehensive income 523 713 1,236
Balance as of March 31, 2017 $ 499 $ (12,742 ) $ (12,243 )

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 loss 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 )