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Note 5 - Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended
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Mar. 31, 2021
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 Asset / (Liability) |
April - June 2021 |  |  | 9,878 |  |  |  | 1.4283 |  |  |  | 1,352 |
July - September 2021 |  |  | 10,781 |  |  |  | 1.4362 |  |  |  | 1,541 |
|  | $ | 20,659 |  |  |  | 1.4324 |  |  | $ | 2,893 |
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, 2021 Fair Value Asset (Liability) |  |  | As of December 31, 2020 Fair Value Asset (Liability) |
Foreign Currency forward contracts designated as cash flow hedges (net) |  | Derivative instruments |  | $ | 2,454 |  |  | $ | 3,254 |
Interest rate swap contract designated as a cash flow hedge (net) |  | Derivative instruments |  |  | (18 | ) |  | $ | (213 | )
Foreign Currency forward contracts not designated as cash flow hedges (net) |  | Derivative instruments |  |  | 439 |  |  |  | 606 |
Total foreign currency and interest swap forward contracts (net) |  | Derivative instruments |  | $ | 2,875 |  |  | $ | 3,647 |
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, 2020 |  | $ | 3,038 |  |  | $ | (702 | ) |  | $ | 2,336 |
Other comprehensive income (loss) before reclassifications |  |  | 480 |  |  |  | (112 | ) |  |  | 368 |
Amount reclassified from AOCI |  |  | (1,086 | ) |  |  | 252 |  |  |  | (834 | )
Other comprehensive income (loss) for the three months ended March 31, 2021 |  |  | (606 | ) |  |  | 140 |  |  |  | (466 | )
Ending AOCI Balance - March 31, 2021 |  | $ | 2,432 |  |  | $ | (562 | ) |  | $ | 1,870 |
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 |  | Amount of Gain or (Loss) Reclassified from AOCI into Income |
|  |  |  |  | Operating expenses |  | $ | 949 |
Foreign currency forward contracts for the three months ended March 31, 2021 |  | $ | (615 | ) | Cost of revenues |  | $ | 156 |
Interest rate swap contract for the three months ended March 31, 2021 |  | $ | 149 |  | Interest expense, net |  | $ | (19 | )
|  |  |  |  | Operating expenses |  | $ | (45 | )
Foreign currency forward contracts for the three months ended March 31, 2020 |  | $ | (1,191 | ) | Cost of revenues |  | $ | (13 | )
Interest rate swap contract for the three months ended March 31, 2020 |  | $ | - |  | Interest expense, net |  | $ | - |
Derivatives Not Designated as Hedging Instruments [Table Text Block] |
|  | Three Months Ended March 31, |
Forward currency contracts not designated as hedges: |  | 2021 |  |  | 2020 |
Gain (loss) on settlement |  | $ | 420 |  |  | $ | (93 | )
Gain (loss) on change in fair value |  | $ | (167 | ) |  | $ | (348 | )

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579240-113959 + Details
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