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

Fair Value Measurement (Tables)

v3.8.0.1
Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Carried at Fair Value on a Recurring Basis

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

December 31, 2017
(U.S. $ in thousands)
      Level 2       Level 3       Total
Assets:
Foreign exchange forward contracts not designated as hedging instruments $      90 $      - $      90
Foreign exchange forward contracts designated as hedging instruments 263 - 263
 
Liabilities:
Foreign exchange forward contracts not designated as hedging instruments (921 ) - (921 )
  $ (568 ) $ - $ (568 )
 
December 31, 2016
(U.S. $ in thousands)
Level 2 Level 3 Total
Assets:
Foreign exchange forward contracts not designated as hedging instruments $ 1,440 $ - $ 1,440
Foreign exchange forward contracts designated as hedging instruments 37 - 37
 
Liabilities:
Foreign exchange forward contracts not designated as hedging instruments (48 ) - (48 )
Foreign exchange forward contracts designated as hedging instruments (61 ) - (61 )
Obligations in connection with acquisitions - (2,619 ) (2,619 )
$ 1,368 $ (2,619 ) $ (1,251 )
Schedule of Reconciliation of Fair Value Measurements of Assets and Liabilities Utilizing Level 3 Inputs

The following table is a reconciliation of the change for those financial liabilities where fair value measurements are estimated utilizing Level 3 inputs, which consist of obligations in connection with acquisitions:

      2017       2016
(U.S. $ in thousands)
Fair value as of January 1, $     2,619 $     6,991
Settlements (3,997 ) (3,500 )
Change in fair value recognized in earnings 1,378 (872 )
Fair value as of December 31, $ - $ 2,619