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

Fair Value Measurements

v3.19.3
Fair Value Measurements
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Fair Value Measurements

Note 8. Fair Value Measurements

Financial instruments measured at fair value

The following table summarizes the Company’s financial assets and liabilities that are carried at fair value on a recurring basis, in its consolidated balance sheets:

September 30, 2019       December 31, 2018
      (U.S. $ in thousands)
Assets:
Foreign exchange forward contracts not designated as hedging instruments $       857 $      374
Foreign exchange forward contracts designated as hedging instruments 556 -
 
Liabilities:
Foreign exchange forward contracts not designated as hedging instruments (184 ) (196 )
Foreign exchange forward contracts designated as hedging instruments - (628 )
$ 1,229 $ (450 )

The Company’s foreign exchange forward contracts are classified as Level 2, as they are not actively traded and are valued using pricing models that use observable market inputs, including interest rate curves and both forward and spot prices for currencies (Level 2 inputs).

Other financial instruments consist mainly of cash and cash equivalents, current and non-current receivables, net investment in sales-type leases, bank loan, accounts payable and other current liabilities. The fair value of these financial instruments approximates their carrying values.