Fair Value Measurements (Tables)

3 Months Ended

Mar. 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:

	March 31, 2017
	(U.S. $ in thousands)
	Level 2			Level 3			Total
Assets:
Foreign exchange forward contracts not
designated as hedging instruments	$	913		$	-		$	913
Foreign exchange forward contracts
designated as hedging instruments		498			-			498
Liabilities:
Foreign exchange forward contracts not
designated as hedging instruments		(54	)		-			(54	)
Obligations in connection with acquisitions		-			(3,315	)		(3,315	)
	$	1,357		$	(3,315	)	$	(1,958	)
	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 provides a reconciliation of the changes for those financial liabilities where fair value measurements are estimated utilizing Level 3 inputs, which consist of obligations in connection with acquisitions:

	Three months ended March 31, 2017		Year ended December 31, 2016
	(U.S. $ in thousands)
Fair value at the beginning of the period	$	2,619	$	6,991
Settlements		-		(3,500	)
Change in fair value recognized in earnings		696		(872	)
Fair value at the end of the period	$	3,315	$	2,619