Report of foreign issuer [Rules 13a-16 and 15d-16]

Derivatives and Hedging Activities (Tables)

v3.25.1
Derivatives and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of balance sheet classification and fair values of derivative instruments
The following table summarizes the consolidated balance sheets classification and fair values of the Company’s derivative instruments:
Fair Value Notional Amount
Balance sheet location March 31, 2025 December 31, 2024 March 31, 2025 December 31, 2024
U.S. $ in thousands
Assets derivatives - Foreign exchange contracts, not designated as hedging instruments
Other current assets $ 110  $ 71  $ 75,880  $ 29,244 
Assets derivatives - Foreign exchange contracts, designated as cash flow hedge
Other current assets 1,294  4,005  96,204  89,414 
Liability derivatives - Foreign exchange contracts, not designated as hedging instruments
Accrued expenses and other current liabilities (63) (21) 24,282  82,818 
Liability derivatives - Foreign exchange contracts, designated as cash flow hedge
Accrued expenses and other current liabilities (70) (3) 5,322  5,687 
$ 1,271  $ 4,052  $ 201,688  $ 207,163