XML 90 R32.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Equity [Abstract] |
Schedule of Stock Option Activity | A summary of the stock option activity for the year ended December 31, 2019 is as follows:
|  |  |  |  | Weighted Average
|  | Number of Options |  | Exercise Price
Options outstanding as of December 31, 2018 |  | 2,551,743 |  |  | $ | 30.82
Exercised |  | (249,956 | ) |  |  | 20.54
Forfeited |  | (340,255 | ) |  |  | 36.43
Options outstanding as of December 31, 2019 |  | 1,961,532 |  |  | $ | 31.16
Options exercisable as of December 31, 2019 |  | 1,585,035 |  |  | $ | 33.73
Schedule of Stock Options Outstanding | The following table summarizes information about stock options outstanding at December 31, 2019:
Range of Exercise Prices |  | Outstanding options at December 31, 2019 |  | Weighted- Average Remaining Contractual Life in Years |  | Weighted- Average Exercise Price |  | Exercisable options at December 31, 2019 |  | Weighted- Average Exercise Price
$ | 2.74 | - | $ | 19.59 |  |  | 33,828 |  |  | 8.12 |  | $ | 18.20 |  |  | 33,828 |  | $ | 18.20
$ | 19.66 | - | $ | 19.66 |  |  | 828,891 |  |  | 6.98 |  |  | 19.66 |  |  | 566,036 |  |  | 19.66
$ | 19.96 | - | $ | 23.41 |  |  | 523,812 |  |  | 7.23 |  |  | 22.05 |  |  | 415,233 |  |  | 22.25
$ | 24.66 | - | $ | 120.51 |  |  | 575,001 |  |  | 4.39 |  |  | 56.75 |  |  | 569,938 |  |  | 57.00
|  |  |  |  |  |  | 1,961,532 |  |  | 6.31 |  | $ | 31.16 |  |  | 1,585,035 |  | $ | 33.73
Aggregate intrinsic value (U.S. $ in thousands) | $ | 563 |  |  |  |  |  |  |  | $ | 405 |  |  |
Schedule of Stock Option Assumptions | The Company used the Black-Scholes option-pricing model to determine the fair value of options granted during 2018 and 2017. No options were granted during 2019. The following assumptions were applied in determining the options’ fair value on their grant date:
|  | 2018 |  | 2017
Risk-free interest rate |  | 2.9%-3.1% |  | 1.8%-2.2%
Expected option term (years) |  | 5.3-5.5 |  | 5.1-6.0
Expected share price volatility |  | 52.0%-52.2% |  | 52.6%-54.0%
Dividend yield |  |  | — |  |  | —
Weighted average grant date fair value |  | $ | 11.49 |  | $ | 11.10
Summary of RSUs and PSUs Activity | A summary of the Company’s RSUs and PSUs activity for the year ended December 31, 2019 is as follows:
|  | Number of RSUs and PSUs |  | Weighted Average Grant Date Fair Value
Unvested RSUs and PSUs outstanding as of December 31, 2018 |  | 1,422,887 |  |  | $ | 20.17
Granted |  | 1,613,282 |  |  |  | 26.50
Vested |  | (309,642 | ) |  |  | 20.50
Forfeited |  | (363,536 | ) |  |  | 22.32
Unvested RSUs and PSUs outstanding as of December 31, 2019 |  | 2,362,991 |  |  | $ | 24.10
Schedule of Stock-based Compensation Expense | Stock-based compensation expense for stock options and equity classified RSUs included in the Company’s Statements of Operations and Comprehensive Loss were allocated as follows:
|  | 2019 |  | 2018 |  | 2017
|  | (U.S. $ in thousands)
Cost of sales |  | $ | 1,848 |  | $ | 1,474 |  | $ | 2,580
Research and development, net |  |  | 5,167 |  |  | 3,215 |  |  | 3,503
Selling, general and administrative |  |  | 13,549 |  |  | 10,997 |  |  | 11,639
Total stock-based compensation expenses |  | $ | 20,564 |  | $ | 15,686 |  | $ | 17,722
Schedule of Accumulated Other Comprehensive Loss | The following tables present the changes in the components of accumulated other comprehensive loss, net of taxes for the years ended December 31, 2019, 2018 and 2017:
|  | Year ended December 31, 2019
|  | Net unrealized gain |  | Foreign currency |  |
|  | (loss) on cash flow |  | translation |  |
|  | hedges |  | adjustments |  | Total
|  | U.S. $ in thousands
Balance as of January 1, 2019 |  | $ | (627 | ) |  | $ | (7,126 | ) |  | $ | (7,753 | )
Other comprehensive loss before reclassifications |  |  | 1,548 |  |  |  | (580 | ) |  |  | 968 |
Amounts reclassified from accumulated other comprehensive loss |  |  | (931 | ) |  |  | — |  |  |  | (931 | )
Other comprehensive income (loss) |  |  | 617 |  |  |  | (580 | ) |  |  | 37 |
Balance as of December 31, 2019 |  | $ | (10 | ) |  | $ | (7,706 | ) |  | $ | (7,716 | )
|  | Year ended December 31, 2018
|  | Net unrealized gain |  | Foreign currency |  |
|  | (loss) on cash flow |  | translation |  |
|  | hedges |  | adjustments |  | Total
|  | U.S. $ in thousands
Balance as of January 1, 2018 |  | $ | 330 |  |  | $ | (7,353 | ) |  | $ | (7,023 | )
Other comprehensive loss before reclassifications |  |  | (1,814 | ) |  |  | (2,691 | ) |  |  | (4,505 | )
Amounts reclassified from accumulated other comprehensive loss |  |  | 857 |  |  |  | 2,918 |  |  |  | 3,775 |
Other comprehensive income (loss) |  |  | (957 | ) |  |  | 227 |  |  |  | (730 | )
Balance as of December 31, 2018 |  | $ | (627 | ) |  | $ | (7,126 | ) |  | $ | (7,753 | )
F-34 Table of Contents STRATASYS LTD. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|  | Year ended December 31, 2017
|  | Net unrealized gain |  | Foreign currency |  |
|  | (loss) on cash flow |  | translation |  |
|  | hedges |  | adjustments |  | Total
|  | U.S. $ in thousands
Balance as of January 1, 2017 |  | $ | (24 | ) |  | $ | (13,455 | ) |  | $ | (13,479 | )
Other comprehensive loss before reclassifications |  |  | 1,315 |  |  |  | 5,834 |  |  |  | 7,149 |
Amounts reclassified from accumulated other comprehensive loss |  |  | (961 | ) |  |  | 268 |  |  |  | (693 | )
Other comprehensive income (loss) |  |  | 354 |  |  |  | 6,102 |  |  |  | 6,456 |
Balance as of December 31, 2017 |  | $ | 330 |  |  | $ | (7,353 | ) |  | $ | (7,023 | )

X
- Definition Tabular disclosure for information about stock options outstanding. + References No definition available. + Details
Name: | ssys_SummaryInformationAboutStockOptionsOutstandingTableTextBlock
Namespace Prefix: | ssys_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration