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Note 5 - Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended
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Sep. 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) |
October - December 2021 |  |  | 12,959 |  |  |  | 1.2455 |  |  |  | (209 | )
January - March 2022 |  |  | 7,930 |  |  |  | 1.2452 |  |  |  | (129 | )
|  | $ | 20,889 |  |  |  | 1.2454 |  |  | $ | (338 | )
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, 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 |  | $ | (338 | ) |  | $ | 3,254 |
Interest rate swap contract designated as a cash flow hedge (net) |  | Derivative instruments |  |  | (37 | ) |  | $ | (213 | )
Foreign Currency forward contracts not designated as cash flow hedges (net) |  | Derivative instruments |  |  | - |  |  |  | 606 |
Total foreign currency and interest swap forward contracts (net) |  | Derivative instruments |  | $ | (375 | ) |  | $ | 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 - June 30, 2021 |  | $ | 1,424 |  |  | $ | (327 | ) |  | $ | 1,097 |
Other comprehensive income (loss) before reclassifications |  |  | (654 | ) |  |  | 153 |  |  |  | (501 | )
Amount reclassified from AOCI |  |  | (1,150 | ) |  |  | 266 |  |  |  | (884 | )
Other comprehensive income (loss) for the three months ended September 30, 2021 |  |  | (1,804 | ) |  |  | 419 |  |  |  | (1,385 | )
Ending AOCI Balance - September 30, 2021 |  | $ | (380 | ) |  | $ | 92 |  |  | $ | (288 | )
|  | 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 |  |  | 148 |  |  |  | (33 | ) |  |  | 115 |
Amount reclassified from AOCI |  |  | (3,566 | ) |  |  | 827 |  |  |  | (2,739 | )
Other comprehensive income (loss) for the nine months ended September 30, 2021 |  |  | (3,418 | ) |  |  | 794 |  |  |  | (2,624 | )
Ending AOCI Balance - September 30, 2021 |  | $ | (380 | ) |  | $ | 92 |  |  | $ | (288 | )
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 |  | $ | 967 |
Foreign currency forward contracts for the three months ended September 30, 2021 |  | $ | (466 | ) | Cost of revenues |  | $ | 219 |
Interest rate swap contract for the three months ended September 30, 2021 |  | $ | (35 | ) | Interest expense, net |  | $ | (36 | )
|  |  |  |  | Operating expenses |  | $ | (43 | )
Foreign currency forward contracts for the three months ended September 30, 2020 |  | $ | 762 |  | Cost of revenues |  | $ | (12 | )
Interest rate swap contract for the three months ended September 30, 2020 |  | $ | 13 |  | Interest expense, net |  | $ | (4 | )
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 |  | $ | 3,004 |
Foreign currency forward contracts for the nine months ended September 30, 2021 |  | $ | 42 |  | Cost of revenues |  | $ | 643 |
Interest rate swap contract for the nine months ended September 30, 2021 |  | $ | 73 |  | Interest expense, net |  | $ | (81 | )
|  |  |  |  | Operating expenses |  | $ | (290 | )
Foreign currency forward contracts for the nine months ended September 30, 2020 |  | $ | 1,039 |  | Cost of revenues |  | $ | (82 | )
Interest rate swap contract for the nine months ended September 30, 2020 |  | $ | (141 | ) | Interest expense, net |  | $ | (4 | )
Derivatives Not Designated as Hedging Instruments [Table Text Block] |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
Forward currency contracts not designated as hedges: |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Gain (loss) on settlement |  | $ | 336 |  |  | $ | (18 | ) |  | $ | 883 |  |  | $ | (162 | )
Gain (loss) on change in fair value |  | $ | (249 | ) |  | $ | 177 |  |  | $ | (606 | ) |  | $ | 261 |

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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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