Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Assets and Liabilities Carried at Fair Value on a Recurring Basis

	March 31, 2015
	Level 2			Level 3			Total
	U.S. $ in thousands
Assets:
Foreign exchange forward contracts not
designated as hedging instruments	$	4,007		$	-		$	4,007

Liabilities:
Foreign exchange forward contracts not
designated as hedging instruments		(2,811	)		-			(2,811	)
Foreign exchange forward contracts
designated as hedging instruments		(863	)		-			(863	)
Obligations in connection with acquisitions		-			(22,400	)		(22,400	)
	$	333		$	(22,400	)	$	(22,067	)

	December 31, 2014
	Level 2			Level 3			Total
	U.S. $ in thousands
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	)

Schedule of Reconciliation of Fair Value Measurements of Assets and Liabilities Utilizing Level 3 Inputs

		Three months ended			Year ended
		March 31, 2015			December 31, 2014
		U.S. $ in thousands
Fair value at the beginning of the period	$	35,656		$	29,025
Cash settlements		-			(10,795	)
Additions		-			43,576
Change in fair value recognized in earnings		(13,256	)		(26,150	)
Fair value at the end of the period	$	22,400		$	35,656

- 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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