Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.3.1.900
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 6. Property, Plant and Equipment

 

Property, plant and equipment, net consisted of the following:

 

December 31,    December 31,   
2015    2014   
           
(U.S. $ in thousands)  
Machinery and equipment $ 114,049 $ 95,558
Buildings and improvements 104,818 53,171
Computer equipment and software 48,249 40,556
Office equipment, furniture and fixtures 16,400 14,559
Land 19,674 11,102
303,190 214,946
Accumulated depreciation (111,348 ) (84,228 )
191,842 130,718
Construction work-in-progress 10,092 26,318
$ 201,934 $ 157,036

 

Depreciation expenses were $33.4 million, $26.2 million and $14.6 million in the years ended December 31, 2015, 2014 and 2013, respectively.

 

During the year ended December 31, 2015, the Company recorded impairment charges of $10.5 million, related to certain of its facilities in the United States of which $6.2 million were classified as cost of sales and the remaining amount was classified as selling, general and administrative expenses. The impairment charges was determined based on management decisions regarding the expected use of those facilities as part of the Company's restructuring actions, which triggered a reassessment of those facilities' fair value.