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Note 7 - Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 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
January - March 2022			11,518				1.2561				(82	)
April - June 2022			6,453				1.2801				73
July - September 2022			3,779				1.2801				39
October - December 2022			3,476				1.2801				32
		$	25,226				1.2691			$	62

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 December 31, 2021 Fair Value Asset				As of December 31, 2020 Fair Value Asset
Foreign Currency forward contracts designated as cash flow hedges (net)	Derivative instruments		$	62			$	3,254
Interest rate swap contract designated as a cash flow hedge (net)	Derivative instruments			390				(213	)
Foreign Currency forward contracts not designated as cash flow hedges (net)	Derivative instruments			-				606
Total foreign currency forward contracts and interest rate swaps (net)	Derivative instruments		$	452			$	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			794				(222	)			572
Amount reclassified from AOCI			(3,382	)			817				(2,565	)
Other comprehensive income (loss) for the year ended December 31, 2021			(2,588	)			595				(1,993	)
Ending AOCI Balance - December 31, 2021		$	450			$	(107	)		$	343

		Gains and losses on cash flow hedges				Tax impact				Total AOCI
Opening AOCI balance - December 31, 2019		$	625			$	(152	)		$	473
Other comprehensive income (loss) before reclassifications			2,142				(489	)			1,653
Amount reclassified from AOCI			271				(61	)			210
Other comprehensive income (loss) for the year ended December 31, 2020			2,413				(550	)			1,863
Ending AOCI Balance - December 31, 2020		$	3,038			$	(702	)		$	2,336

		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			1,454				(353	)			1,101
Amount reclassified from AOCI			240				(58	)			182
Other comprehensive income (loss) for the year ended December 31, 2019			1,694				(411	)			1,283
Ending AOCI Balance - December 31, 2019		$	625			$	(152	)		$	473

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		$	2,652
Foreign currency forward contracts for the year ended December 31, 2021		$	(2,203	)	Cost of revenues		$	615
Interest rate swap contract for the year ended December 31, 2021		$	210		Interest expense, net		$	115
					Operating expenses		$	(188	)
Foreign currency forward contracts for the year ended December 31, 2020		$	2,026		Cost of revenues		$	(66	)
Interest rate swap contract for the year ended December 31, 2020		$	(163	)	Interest expense, net		$	(17	)
					Operating expenses		$	(197	)
Foreign currency forward contracts for the year ended December 31, 2019		$	1,283		Cost of revenues		$	(43	)
Interest rate swap contract for the year ended December 31, 2019		$	-		Interest expense, net		$	-

Derivatives Not Designated as Hedging Instruments [Table Text Block]

		Year Ended December 31,
Forward currency contracts not designated as hedges:		2021				2020				2019
Gain (loss) on settlement			883				(117	)			(115	)
Gain (loss) on change in fair value			(606	)			500				313

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