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Note 5 - Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2018

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 2018			3,176,805				1.2919				7,737
July - September 2018			3,394,161				1.2893				7,165
October - December 2018			1,604,112				1.2873				3,421
January - March 2019			1,639,448				1.2852				3,192
April - June 2019			1,599,200				1.2831				2,788
July - September 2019			1,366,226				1.2809				1,800
		$	12,779,952				1.2875			$	26,103

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

				As of March 31, 2018				As of December 31, 201 7
Derivatives		Balance Sheet Location		Fair Value Asset (Liability)				Fair Value Asset (Liability)
Foreign currency forward contracts designated as cash flow hedges (net)		Derivative instruments		$	23,010			$	-
Foreign currency forward contracts not designated as cash flow hedges (net)		Derivative instruments		$	3,093			$	-
Total foreign currency forward contracts (net)		Derivative instruments		$	26,103			$	-

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, 2017		$	-			$		-		$	-
Other comprehensive income (loss) before reclassifications			23,010				(5,585	)			17,425
Amount reclassified from accumulated other comprehensive income			-				-				-
Other comprehensive income (loss) for the three months ended March 31, 2018			23,010				(5,585	)			17,425
Ending AOCI balance – March 31, 2018		$	23,010			$	(5,585	)		$	17,425

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 AOCI into Income (Effective Portion)		Amount of Gain or (Loss) Reclassified from AOCI 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		$	-		Operating expenses		$	—
Foreign currency forward contracts for the three months ended March 31, 2018		$	-		Cost of revenues		$	-		Cost of revenues			—
					Operating expenses		$	105,355		Operating expenses		$	—
Foreign currency forward contracts for the three months ended March 31, 2017		$	105,609		Cost of revenues		$	21,128		Cost of revenues			—

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

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