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

Fair Value Measurement

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Fair Value Measurement
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value Measurement

Note 4. Fair Value Measurement

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

December 31, 2019

December 31, 2018

(U.S. $ in thousands)

Assets:

Foreign exchange forward contracts not

designated as hedging instruments

$

63

$

374

Foreign exchange forward contracts

designated as hedging instruments

315

 

Liabilities:

Foreign exchange forward contracts not

designated as hedging instruments

(388

)

(196

)

Foreign exchange forward contracts

designated as hedging instruments

(326

)

(628

)

$

(336

)

$

(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, short term deposits, 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.