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Note 4 - Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
       

As of

September 30,

2014

   

As of

December 31,

2013

 

Derivatives

 

Balance Sheet
Location

 

Fair Value

Asset

(Liability)

   

Fair Value

Asset

(Liability)

 
                     

Foreign currency forward contracts designated as cash flow hedges

 

Derivative instruments

  $ (623,559

)

  $ (118,505

)

                     

Foreign currency forward contracts not designated as cash flow hedges

 

Derivative instruments

  $ (138,494

)

  $ (372,593

)

                     

Total foreign currency forward contracts

 

Derivative instruments

  $ (762,053

)

  $ (491,098

)

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
   

Gains and losses on cash flow hedges

   

Tax impact

   

Total AOCI

 

Opening AOCI balance – June 30, 2014

  $ (45,889 )   $ 15,718     $ (30,171 )
                         

Other comprehensive income (loss)before reclassifications

    (665,428 )     227,909       (437,519 )

Amount reclassified from accumulated other comprehensive income

    87,758       (30,057 )     57,701  

Other comprehensive income (loss) for the three months ended September 30, 2014

    (577,670 )     197,852       (379,818 )
                         

Ending AOCI balance – September 30, 2014

  $ (623,559 )   $ 213,570     $ (409,989 )
   

Gains and losses on cash flow hedges

   

Tax impact

   

Total AOCI

 

Opening AOCI balance – December 31, 2013

  $ (372,596 )   $ 127,615     $ (244,981 )
                         

Other comprehensive income (loss)before reclassifications

    (916,960 )     314,059       (602,901 )

Amount reclassified from accumulated other comprehensive income

    665,997       (228,104 )     437,893  

Other comprehensive income (loss) for the nine months ended September 30, 2014

    (250,963 )     85,955       (165,008 )
                         

Ending AOCI balance – September 30, 2014

  $ (623,559 )   $ 213,570     $ (409,989 )
Derivative Instruments, Gain (Loss) [Table Text Block]

Derivatives in Cash Flow

Hedging Relationship

 

Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)

 

Location of Gain or (Loss) Reclassified from Accumulated OCI into Income

(Effective Portion)

 

Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)

 
                   

Foreign currency forward contracts for the three months ended September 30, 2014

  $ (437,519 )

Operating expenses

  $ (40,112

)

         

Cost of revenues

  $ (17,589

)

Foreign currency forward contracts for the three months ended September 30, 2013

  $ 402,026  

Operating expenses

  $ (77,036

)

         

Cost of revenues

  $ (15,272 )

Derivatives in Cash Flow

Hedging Relationship

 

Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)

 

Location of Gain or (Loss) Reclassified from Accumulated OCI into Income

(Effective Portion)

 

Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)

 
                   

Foreign currency forward contracts for the nine months ended September 30, 2014

  $ (602,901 )

Operating expenses

  $ (321,136

)

         

Cost of revenues

  $ (116,757

)

Foreign currency forward contracts for the nine months ended September 30, 2013

  $ (71,629 )

Operating expenses

  $ (97,929 )
         

Cost of revenues

  $ (21,309 )