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Note 9 - Derivatives and Hedging Activities
 12 Months Ended
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.