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Note 5 - Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2022

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
July - September 2022		$	16,029				1.2903			$	41
October - December 2022			14,897				1.2906				45
		$	30,926				1.2904			$	86

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, 2022 Fair Value Asset				As of December 31, 2021 Fair Value Asset
Foreign Currency forward contracts designated as cash flow hedges (net)		Derivative instruments		$	86			$	62
Interest rate swap contract designated as a cash flow hedge (net)		Derivative instruments			1,890				390
Total foreign currency and interest swap forward contracts (net)		Derivative instruments		$	1,976			$	452

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, 2022		$	1,813			$	(436	)		$	1,377
Other comprehensive income (loss) before reclassifications			259				(64	)			195
Amount reclassified from AOCI			(98	)			24				(74	)
Other comprehensive income (loss) for the three months ended June 30, 2022			161				(40	)			121
Ending AOCI Balance - June 30, 2022		$	1,974			$	(476	)		$	1,498

		Gains and losses on cash flow hedges				Tax impact				Total AOCI
Opening AOCI balance - December 31, 2021		$	450			$	(107	)		$	343
Other comprehensive income (loss) before reclassifications			1,534				(371	)			1,163
Amount reclassified from AOCI			(10	)			2				(8	)
Other comprehensive income (loss) for the six months ended June 30, 2022			1,524				(369	)			1,155
Ending AOCI Balance - June 30, 2022		$	1,974			$	(476	)		$	1,498

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		$	10
Foreign currency forward contracts for the three months ended June 30, 2022		$	(187	)	Cost of revenues		$	2
Interest rate swap contract for the three months ended June 30, 2022		$	382		Interest expense, net		$	86
					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	)

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		$	(49	)
Foreign currency forward contracts for the six months ended June 30, 2022		$	(275	)	Cost of revenues		$	(10	)
Interest rate swap contract for the six months ended June 30, 2022		$	1,438		Interest expense, net		$	69
					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	)

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:		2022				2021				2022				2021
Gain (loss) on settlement		$	-			$	129			$	-			$	549
Gain (loss) on change in fair value			-				(192)				-				(359)
		$	-			$	(63)			$	-			$	190

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