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Note 10 - Derivatives and Hedging Activities

12 Months Ended

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

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X

- References

No definition available.

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