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Note 5 - Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended
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Mar. 31, 2016
Notes Tables |
Schedule of Derivative Instruments [Table Text Block] |
Maturity date |  | Notional amount of U.S. dollars |  |  | Weighted average exchange rate of U.S. dollars |  |  | Fair value |
April | - | June 2016 |  | $ | 6,002,500 |  |  |  | 1.2556 |  |  | $ | (192,223 | )
July | - | September 2016 |  |  | 6,002,500 |  |  |  | 1.2554 |  |  |  | (192,596 | )
October | - | December 2016 |  |  | 4,952,500 |  |  |  | 1.2885 |  |  |  | (32,002 | )
|  | $ | 16,957,500 |  |  |  | 1.2651 |  |  | $ | (416,821 | )
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] |
|  |  |  | As of March 31, 2016 |  |  | As of December 31, 2015 |
Derivatives |  | Balance Sheet Location |  | Fair Value Asset (Liability) |  |  | Fair Value Asset (Liability) |
Foreign currency forward contracts designated as cash flow hedges |  | Derivative instruments |  | $ | (354,459 | ) |  | $ | (1,721,683 | )
Foreign currency forward contracts not designated as cash flow hedges |  | Derivative instruments |  | $ | (62,362 | ) |  | $ | (305,403 | )
Total foreign currency forward contracts |  | Derivative instruments |  | $ | (416,821 | ) |  | $ | (2,027,086 | )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
|  | Gains and losses on cash flow hedges |  |  | Tax impact |  |  | Total AOCI |
Opening AOCI balance – December 31, 2015 |  | $ | (1,721,683 | ) |  | $ | 612,231 |  |  | $ | (1,109,452 | )
Other comprehensive income (loss) before reclassifications |  |  | 840,777 |  |  |  | (292,814 | ) |  |  | 547,963 |
Amount reclassified from accumulated other comprehensive income |  |  | 526,447 |  |  |  | (190,890 | ) |  |  | 335,557 |
Other comprehensive income (loss) for the three months ended March 31, 2016 |  |  | 1,367,224 |  |  |  | (483,704 | ) |  |  | 883,520 |
Ending AOCI balance – March 31, 2016 |  | $ | (354,459 | ) |  | $ | 128,527 |  |  | $ | (225,932 | )
Derivative Instruments, Gain (Loss) [Table Text Block] |
Derivatives in Cash Flow Hedging Relationship |  | Amount of Gain or (Loss) Recognized in OCI , net of tax, 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) |
|  |  |  |  | Operating expenses |  | $ | (372,390 | ) | Operating expenses |  | $ | (47,240 | )
Foreign currency forward contracts for the three months ended March 31, 2016 |  | $ | 883,520 |  | Cost of revenues |  |  | (106,817 | ) | Cost of revenues |  |  | — |
|  |  |  |  | Operating expenses |  | $ | (468,016 | ) | Operating expenses |  | $ | (23,928 | )
Foreign currency forward contracts for the three months ended March 31, 2015 |  | $ | (544,792 | ) | Cost of revenues |  |  | (177,660 | ) | Cost of revenues |  |  | — |

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- 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=66004124&loc=SL7669686-108580 + Details
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- 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=64837297&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=64837297&loc=SL5618551-113959 + Details
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- 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=64837297&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41641-113959 Reference 2: 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=64837297&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959 Reference 7: 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=64837297&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41620-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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