XML 58 R27.htm IDEA: XBRL DOCUMENT v3.19.3
Note 5 - Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 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
  
                         
October - December 2019
    
10,327
      
1.3174
      
(41
 )
    $
10,327
     $
1.3174
     $
(41
 )
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 September 30,
2019
Fair Value
Asset
   
As of December 31,
2018
Fair Value
Liability
  
Foreign Currency forward contracts designated as cash flow hedges (net)
Derivative instruments
   $
(39
 )   $
(1,069
 )
Foreign Currency forward contracts not designated as cash flow hedges (net)
Derivative instruments
    
(2
 )    
(207
 )
Total foreign currency forward contracts (net)
Derivative instruments
   $
(41
 )   $
(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 - June 30, 2019
   $
159
     $
(39
 )   $
120
  
Other comprehensive income (loss) before reclassifications
    
(231
 )    
56
      
(175
 )
Amount reclassified from AOCI
    
35
      
(9
 )    
26
  
Other comprehensive income (loss) for the three months ended September 30, 2019
    
(196
 )    
47
      
(149
 )
                         
Ending AOCI Balance - September 30, 2019
   $
(37
 )   $
8
     $
(29
 )
   
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
    
812
      
(198
 )    
614
  
Amount reclassified from AOCI
    
220
      
(53
 )    
167
  
Other comprehensive income (loss) for the nine months ended September 30, 2019
    
1,032
      
(251
 )    
781
  
                         
Ending AOCI Balance - September 30, 2019
   $
(37
 )   $
8
     $
(29
 )
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
   $
(28
 )   $
-
     $
-
  
Foreign currency forward contracts for the three months ended September 30, 2019
   $
(149
 )
Cost of revenues
   $
(7
 )   $
-
     $
-
  
                                   
     
 
  
Operating expenses
   $
(71
 )   $
-
     $
-
  
Foreign currency forward contracts for the three months ended September 30, 2018
   $
207
  
Cost of revenues
   $
(12
 )   $
-
     $
-
  
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
   $
(182
 )   $
-
     $
-
  
Foreign currency forward contracts for the nine months ended September 30, 2019
   $
781
  
Cost of revenues
   $
(38
 )   $
-
     $
-
  
                                   
     
 
  
Operating expenses
   $
(87
 )   $
-
     $
-
  
Foreign currency forward contracts for the nine months ended September 30, 2018
   $
(36
 )
Cost of revenues
   $
(13
 )   $
-
     $
-
  
Derivatives Not Designated as Hedging Instruments [Table Text Block]
   
September 30, 2019
  
September 30, 2018
  
Forward currency contracts not designated as hedges:
  
Three months ended
  
Nine months ended
  
Three months ended
  
Nine months ended
  
                     
Gain (loss) on settlement
  
less than ($0.1)
   $
(0.1)
  
less than ($0.1)
  
less than ($0.1)
  
                     
Gain (loss) on change in fair value
  
less than $0.1
   $
0.2
  
less than $0.1
  
less than ($0.1)