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

Nature of Operations and Summary of Significant Accounting Policies (Tables)

v3.7.0.1
Nature of Operations and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of estimated useful lives

Depreciation is computed primarily over the following periods:

Useful Life
in Years
Machinery and equipment 5 - 10
Buildings 25 - 40
Buildings improvements 5 - 10
Computer equipment and software 3 - 5
Office equipment, furniture and fixtures 5 - 14
Schedule of useful lives of intangible assets

Intangible assets and their useful lives are as follows:

Weighted Average
Useful Life
Developed technology 6
Patents 8
Trademarks and trade names 9
Customer relationships 7
Capitalized software development costs 5
In-process research and development Indefinite
Schedule of changes in deferred revenues relating to warranty commitments

The Company classifies the portion of deferred revenue not expected to be earned in the subsequent 12 months as long-term. The changes in deferred revenues relating to warranty commitments were as follows:

December 31, December 31,
2016       2015
(U.S. $ in thousands)
Balance at beginning of year 14,100   15,939
Revenue deferred in the period 22,309   19,413
Revenue recognized in the period (18,854 ) (21,252 )
Balance at end of year $           17,555 $           14,100