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Note 5 - Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended
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Jun. 30, 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) |
July - September 2021 |  |  | 10,782 |  |  |  | 1.4361 |  |  |  | 1,703 |
|  | $ | 10,782 |  |  |  | 1.4361 |  |  | $ | 1,703 |
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 June 30, 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 |  | $ | 1,456 |  |  | $ | 3,254 |
Interest rate swap contract designated as a cash flow hedge (net) |  | Derivative instruments |  |  | (26 | ) |  | $ | (213 | )
Foreign Currency forward contracts not designated as cash flow hedges (net) |  | Derivative instruments |  |  | 247 |  |  |  | 606 |
Total foreign currency and interest swap forward contracts (net) |  | Derivative instruments |  | $ | 1,677 |  |  | $ | 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 - March 31, 2021 |  | $ | 2,432 |  |  | $ | (562 | ) |  | $ | 1,870 |
Other comprehensive income (loss) before reclassifications |  |  | 322 |  |  |  | (74 | ) |  |  | 248 |
Amount reclassified from AOCI |  |  | (1,330 | ) |  |  | 309 |  |  |  | (1,021 | )
Other comprehensive income (loss) for the three months ended June 30, 2021 |  |  | (1,008 | ) |  |  | 235 |  |  |  | (773 | )
Ending AOCI Balance - June 30, 2021 |  | $ | 1,424 |  |  | $ | (327 | ) |  | $ | 1,097 |
|  | 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 |  |  | 802 |  |  |  | (186 | ) |  |  | 616 |
Amount reclassified from AOCI |  |  | (2,416 | ) |  |  | 561 |  |  |  | (1,855 | )
Other comprehensive income (loss) for the six months ended June 30, 2021 |  |  | (1,614 | ) |  |  | 375 |  |  |  | (1,239 | )
Ending AOCI Balance - June 30, 2021 |  | $ | 1,424 |  |  | $ | (327 | ) |  | $ | 1,097 |
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 |  | $ | 1,088 |
Foreign currency forward contracts for the three months ended June 30, 2021 |  | $ | 275 |  | Cost of revenues |  | $ | 268 |
Interest rate swap contract for the three months ended June 30, 2021 |  | $ | (27 | ) | Interest expense, net |  | $ | (26 | )
|  |  |  |  | Operating expenses |  | $ | (201 | )
Foreign currency forward contracts for the three months ended June 30, 2020 |  | $ | 1,314 |  | Cost of revenues |  | $ | (58 | )
Interest rate swap contract for the three months ended June 30, 2020 |  | $ | - |  | Interest expense, net |  | $ | - |
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 |  | $ | 2,037 |
Foreign currency forward contracts for the six months ended June 30, 2021 |  | $ | 509 |  | Cost of revenues |  | $ | 424 |
Interest rate swap contract for the six months ended June 30, 2021 |  | $ | 107 |  | Interest expense, net |  | $ | (45 | )
|  |  |  |  | Operating expenses |  | $ | (246 | )
Foreign currency forward contracts for the six months ended June 30, 2020 |  | $ | 123 |  | Cost of revenues |  | $ | (71 | )
Interest rate swap contract for the six months ended June 30, 2020 |  | $ | - |  | Interest expense, net |  | $ | - |
Derivatives Not Designated as Hedging Instruments [Table Text Block] |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
Forward currency contracts not designated as hedges: |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Gain (loss) on settlement |  | $ | 129 |  |  | $ | (55 | ) |  | $ | 549 |  |  | $ | (148 | )
Gain (loss) on change in fair value |  | $ | (192 | ) |  | $ | 436 |  |  | $ | (359 | ) |  | $ | 88 |

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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=125515794&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=125515794&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=125515794&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=125515794&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=125515794&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=125515794&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=125515794&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=125515794&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=125515794&loc=SL5579240-113959 + Details
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