XML 32 R28.htm IDEA: XBRL DOCUMENT v3.2.0.727

Note 6 - Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

				As of June 30, 2015				As of December 31, 2014
Derivatives		Balance Sheet Location		Fair Value Asset (Liability)				Fair Value Asset (Liability)
Foreign currency forward contracts not designated as cash flow hedges		Derivative instruments		$	(230,472	)		$	(169,129	)
Foreign currency forward contracts designated as cash flow hedges		Derivative instruments		$	(1,293,175	)		$	(946,676	)
Total foreign currency forward contracts		Derivative instruments		$	(1,523,647	)		$	(1,115,805	)

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

		Gains and losses on cash flow hedges				Tax impact				Total AOCI
Opening AOCI balance – March 31, 2015		$	(1,811,346	)		$	644,113			$	(1,167,233	)
Other comprehensive income (loss)before reclassifications			(59,041	)			20,995				(38,046	)
Amount reclassified from accumulated other comprehensive income			577,212				(205,257	)			371,955
Other comprehensive income (loss) for the three months ended June 30, 2015			518,171				(184,262	)			333,909
Ending AOCI balance – June 30, 2015		$	(1,293,175	)		$	459,851			$	(833,324	)

		Gains and losses on cash flow hedges				Tax impact				Total AOCI
Opening AOCI balance – December 31, 2014		$	(946,676	)		$	324,235			$	(622,441	)
Other comprehensive income (loss)before reclassifications			(1,569,387	)			570,475				(998,912	)
Amount reclassified from accumulated other comprehensive income			1,222,888				(434,859	)			788,029
Other comprehensive income (loss) for the six months ended June 30, 2015			(346,499	)			135,616				(210,883	)
Ending AOCI balance – June 30, 2015		$	(1,293,175	)		$	459,851			$	(833,324	)

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)			Location of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing)		Amount of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing)
Foreign currency forward contracts for the three months ended June 30, 2015					Operating expenses		$	(269,645	)
		$	333,909		Cost of revenues			(102,310	)	Operating expenses		$	(8,741	)
Foreign currency forward contracts for the three months ended June 30, 2014					Operating expenses		$	(200,756	)
		$	430,277		Cost of revenues			(31,457	)	Operating expenses		$	—

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)			Location of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing)		Amount of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing)
Foreign currency forward contracts for the six months ended June 30, 2015					Operating expenses		$	(571,235	)
		$	(210,883	)	Cost of revenues			(216,794	)	Operating expenses		$	(31,323	)
Foreign currency forward contracts for the six months ended June 30, 2014					Operating expenses		$	(506,138	)
		$	214,810		Cost of revenues			(72,101	)	Operating expenses		$	—

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 220



-SubTopic 10



-Section 45



-Paragraph 14A



-URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669686-108580

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 815



-SubTopic 10



-Section 50



-Paragraph 4C



-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959



Reference 2: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 815



-SubTopic 10



-Section 50



-Paragraph 4A



-Subparagraph (b)



-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 815



-SubTopic 10



-Section 50



-Paragraph 4B



-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration