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Note 9 - Derivatives and Hedging Activities | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | NOTE 9: DERIVATIVES AND HEDGING ACTIVITIES The fair value of the Company’s outstanding derivative instruments is as follows:
|  | As at December 31, |
|  | 2017 |  |  | 2018 |
Derivative liabilities : |  |  |  |  |  |  |  |
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange option contracts |  | $ | — |  |  | $ | 14 |
Foreign exchange forward contracts |  |  | — |  |  |  | 63 |
Total |  | $ | — |  |  | $ | 77 |
The Company recorded the fair value of derivative liabilities in “ accrued expenses and other payables” on the Company’s consolidated balance sheets. The increase in unrealized gains (losses) recognized in “accumulated other comprehensive income (loss)” on derivatives, before tax effect, is as follows:
|  | Year ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange option contracts |  | $ | 67 |  |  | $ | 90 |  |  | $ | (146 | )
Foreign exchange forward contracts |  |  | 91 |  |  |  | 93 |  |  |  | (285 | )
|  | $ | 158 |  |  | $ | 183 |  |  | $ | (431 | )
The net (gains) losses reclassified from “accumulated other comprehensive income (loss)” into income, are as follows:
|  | Year ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange option contracts |  | $ | (67 | ) |  | $ | (90 | ) |  | $ | 132 |
Foreign exchange forward contracts |  |  | (94 | ) |  |  | (99 | ) |  |  | 222 |
|  | $ | (161 | ) |  | $ | (189 | ) |  | $ | 354 |
The Company recorded in cost of revenues and operating expenses, a net gain of $161 and $189, and a net loss of $354 during the years ended December 31, 2016, 2017 and 2018, respectively, related to its Hedging Contracts.

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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