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Note 10 - Derivatives and Hedging Activities | 12 Months Ended
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Dec. 31, 2022
Notes to Financial Statements |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | NOTE 10: DERIVATIVES AND HEDGING ACTIVITIES The fair value of the Company’s outstanding derivative instruments is as follows:
|  | Year ended December 31, |
|  | 2021 |  |  | 2022 |
Derivative assets: |  |  |  |  |  |  |  |
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 63 |  |  | $ | 13 |
Total |  | $ | 63 |  |  | $ | 13 |
Derivative liabilities: |  |  |  |  |  |  |  |
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange option contracts |  | $ | — |  |  | $ | 23 |
Foreign exchange forward contracts |  | $ | — |  |  | $ | 96 |
Total |  | $ | — |  |  | $ | 119 |
The Company recorded the fair value of derivative assets in “prepaid expenses and other current assets” and the fair value of derivative liabilities in “accrued expenses and other payables” on the Company’s consolidated balance sheets. The changes in unrealized gains (losses) recognized in “accumulated other comprehensive income (loss)” on derivatives, before tax effect, is as follows:
|  | Year ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange option contracts |  | $ | (8 | ) |  | $ | — |  |  | $ | (361 | )
Foreign exchange forward contracts |  |  | 640 |  |  |  | 228 |  |  |  | (1,100 | )
|  | $ | 632 |  |  | $ | 228 |  |  | $ | (1,461 | )
The net (gains) losses reclassified from “accumulated other comprehensive income (loss)” into income, are as follows:
|  | Year ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange option contracts |  | $ | (6 | ) |  | $ | — |  |  | $ | 338 |
Foreign exchange forward contracts |  |  | (682 | ) |  |  | (165 | ) |  |  | 954 |
|  | $ | (688 | ) |  | $ | (165 | ) |  | $ | 1,292 |
CEVA, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued) (in thousands, except share data) The Company recorded in cost of revenues and operating expenses, a net gain of $688, a net gain of $165 and a net loss of $1,292 during the years ended December 31, 2020, 2021 and 2022, 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 https://asc.fasb.org/topic&trid=2229140 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 5 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126731327&loc=d3e90205-114008 + Details
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