XML 36 R22.htm IDEA: XBRL DOCUMENT v3.25.4
Note 10 - Derivatives and Hedging Activities
 12 Months Ended
Dec. 31, 2025
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:

 

   

As of December 31,

  
   

2024

   

2025

 

Derivative assets:

                

Derivatives designated as cash flow hedging instruments:

                

Foreign exchange forward contracts

   $ —     $ 21  

Total

   $ —     $ 21  

 

The Company recorded the fair value of derivative assets in “prepaid expenses and other current assets” 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,

  
   

2023

    

2024

    

2025

  

Derivatives designated as cash flow hedging instruments:

                        

Foreign exchange option contracts

   $ (265 )   $ 41     $ 283  

Foreign exchange forward contracts

     281       (115 )     966  
    $ 16     $ (74 )   $ 1,249  

 

The net (gains) losses reclassified from “accumulated other comprehensive income (loss)” into income, are as follows:

 

   

Year ended December 31,

  
   

2023

    

2024

    

2025

  

Derivatives designated as cash flow hedging instruments:

                        

Foreign exchange option contracts

   $ 288     $ (41 )   $ (283 )

Foreign exchange forward contracts

     790       (873 )     (945 )
    $ 1,078     $ (914 )   $ (1,228 )

 

The Company recorded in cost of revenues and operating expenses, a net loss of $1,078, a net gain of $914 and a net gain of 1,228 during the years ended December 31, 2023, 2024 and 2025, respectively, related to its Hedging Contracts.