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Note 5 - Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Derivative Instruments [Table Text Block]

Maturity date (Dollar amounts in thousands of U.S. dollars)		Notional amount of U.S. dollars				Weighted average exchange rate of U.S. dollars				Fair Value
April - June 2019		$	10,381			$	1.3154			$	142
July - September 2019			9,881				1.3136				127
October - December 2019			10,327				1.3174				84
		$	30,589			$	1.3155			$	353

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

Derivatives (Dollar amounts in thousands of U.S. dollars)		Balance Sheet Location		As of March 31, 2019 Fair Value Liability				As of December 31, 2018 Fair Value Liability
Foreign Currency forward contracts designated as cash flow hedges (net)		Derivative instruments		$	264			$	1,069
Foreign Currency forward contracts not designated as cash flow hedges (net)		Derivative instruments			89				207
Total foreign currency forward contracts (net)		Derivative instruments		$	353			$	1,276

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, 2018		$	(1,069	)		$	259			$	(810	)
Other comprehensive income (loss) before reclassifications			725				(176	)			549
Amount reclassified from AOCI			79				(18	)			61
Other comprehensive income (loss) for the three months ended March 31, 2019			804				(194	)			610
Ending AOCI Balance - March 31, 2019		$	(265	)		$	65			$	(200	)

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			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		$	(64	)		$	-			$	-
Foreign currency forward contracts for the three months ended March 31, 2019		$	610		Cost of revenues		$	(15	)		$	-			$	-
Foreign currency forward contracts for the three months ended March 31, 2018		$	-		Operating expenses		$	-			$	-			$	-
					Cost of revenues		$	-			$	-			$	-

X

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

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