Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2014

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 the condensed consolidated balance sheets:

	December 31, 2014
	(U.S. $ in thousands)
	Level 2			Level 3			Total
Assets:
Foreign exchange forward contracts not
designated as hedging instruments	$	3,753		$	-		$	3,753
Liabilities:
Foreign exchange forward contracts not
designated as hedging instruments		(2,901	)		-			(2,901	)
Foreign exchange forward contracts
designated as hedging instruments		(1,243	)		-			(1,243	)
Obligations in connection with acquisitions		-			(35,656	)		(35,656	)
	$	(391	)	$	(35,656	)	$	(36,047	)

	December 31, 2013
	(U.S. $ in thousands)
		Level 2			Level 3			Total
Assets:
Long term investment	$	1,634		$	-		$	1,634
Foreign exchange forward contracts not
designated as hedging instruments		301			-			301
Foreign exchange forward contracts
designated as hedging instruments		153			-			153
Liabilities:
Foreign exchange forward contracts not
designated as hedging instruments		(1,543	)		-			(1,543	)
Obligations in connection with acquisitions		-			(29,025	)		(29,025	)
	$	545		$	(29,025	)	$	(28,480	)

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 (in thousands):

	2014			2013

	(U.S. $ in thousands)
Fair value as of January 1	$	29,025		$	-
Cash settlements		(10,795	)		-
Additions		43,576			28,271
Change in fair value recognized in earnings		(26,150	)		754
Fair value as of December 31	$	35,656		$	29,025

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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