Equity (Tables)
|
6 Months Ended |
Jun. 30, 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 |
|
Six Months Ended |
|
|
June
30, |
|
June
30, |
|
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
|
U.S $ in thousands |
| Cost
of sales |
|
$ |
799 |
|
$ |
729 |
|
$ |
1,442 |
|
$ |
1,451 |
| Research and development, net |
|
|
1,089 |
|
|
1,357 |
|
|
1,938 |
|
|
2,716 |
| Selling, general and administrative |
|
|
3,443 |
|
|
3,393 |
|
|
5,855 |
|
|
6,935 |
| Total stock-based compensation expenses |
|
$ |
5,331 |
|
$ |
5,479 |
|
$ |
9,235 |
|
$ |
11,102 |
|
| Summary of Stock Options Activity |
A summary of the Companys
stock option activity for the six months ended June 30, 2017 is as follows:
|
|
|
|
|
Weighted Average |
|
|
Number of
Options |
|
Exercise
Price |
| Options outstanding as of January 1, 2017 |
|
2,615,461 |
|
|
$ |
37.21 |
| Granted |
|
1,608,885 |
|
|
|
20.51 |
| Exercised |
|
(140,476 |
) |
|
|
15.77 |
| Forfeited |
|
(464,266 |
) |
|
|
40.97 |
| Options outstanding as of June 30, 2017 |
|
3,619,604 |
|
|
$ |
30.14 |
| Options exercisable as of June 30, 2017 |
|
1,477,347 |
|
|
$ |
38.88 |
|
| Summary of RSUs activity |
A summary of the Companys
RSUs activity for the six months ended June 30, 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 |
| Granted |
|
253,858 |
|
|
|
19.97 |
| Forfeited |
|
(73,638 |
) |
|
|
82.50 |
| Vested |
|
(67,980 |
) |
|
|
57.69 |
| Unvested RSUs outstanding as of June 30,
2017 |
|
379,996 |
|
|
$ |
44.36 |
|
| 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 six months ended June 30, 2017 and 2016:
|
|
Six months ended June
30, 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 |
|
|
1,069 |
|
|
|
3,150 |
|
|
|
4,219 |
|
| Amounts reclassified from accumulated other
comprehensive loss |
|
|
(883 |
) |
|
|
- |
|
|
|
(883 |
) |
| Other comprehensive income |
|
|
186 |
|
|
|
3,150 |
|
|
|
3,336 |
|
| Balance as of June 30, 2017 |
|
$ |
162 |
|
|
$ |
(10,305 |
) |
|
$ |
(10,143 |
) |
|
|
Six months ended June
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 loss before
reclassifications |
|
|
542 |
|
|
|
380 |
|
|
|
922 |
|
| Amounts reclassified from accumulated other
comprehensive income |
|
|
(151 |
) |
|
|
- |
|
|
|
(151) |
|
| Other comprehensive income |
|
|
391 |
|
|
|
380 |
|
|
|
771 |
|
| Balance as of June 30, 2016 |
|
$ |
284 |
|
|
$ |
(10,287 |
) |
|
$ |
(10,003 |
) |
|