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Note 5 - Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended
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Sep. 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 |
October - December 2022 |  | $ | 14,897 |  |  |  | 1.2906 |  |  | $ | (971 | )
January - March 2023 |  |  | 15,132 |  |  |  | 1.3283 |  |  |  | (552 | )
April - June 2023 |  |  | 13,074 |  |  |  | 1.3385 |  |  |  | (364 | )
July - September 2023 |  |  | 11,332 |  |  |  | 1.3633 |  |  |  | (102 | )
October - December 2023 |  |  | 10,150 |  |  |  | 1.3744 |  |  |  | - |
|  | $ | 64,585 |  |  |  | 1.3351 |  |  | $ | (1,989 | )
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, 2022 Fair Value Asset |  |  | As of December 31, 2021 Fair Value Asset |
Foreign Currency forward contracts designated as cash flow hedges (net) |  | Derivative instruments |  | $ | (1,989 | ) |  | $ | 62 |
Interest rate swap contract discontinued as a cash flow hedge (net) |  | Derivative instruments |  |  | 2,015 |  |  | $ | 390 |
Total foreign currency and interest swap forward contracts (net) |  | Derivative instruments |  | $ | 26 |  |  | $ | 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 - June 30, 2022 |  | $ | 1,974 |  |  | $ | (476 | ) |  | $ | 1,498 |
Other comprehensive income (loss) before reclassifications |  |  | (2,209 | ) |  |  | 535 |  |  |  | (1,674 | )
Amount reclassified from AOCI |  |  | 123 |  |  |  | (30 | ) |  |  | 93 |
Amortization of discontinued cash flow hedge |  |  | (254 | ) |  |  | 61 |  |  |  | (193 | )
Other comprehensive income (loss) for the three months ended September 30, 2022 |  |  | (2,340 | ) |  |  | 566 |  |  |  | (1,774 | )
Ending AOCI Balance - September 30, 2022 |  | $ | (366 | ) |  | $ | 90 |  |  | $ | (276 | )
|  | 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 |  |  | (673 | ) |  |  | 163 |  |  |  | (510 | )
Amount reclassified from AOCI |  |  | 111 |  |  |  | (27 | ) |  |  | 84 |
Amortization of discontinued cash flow hedge |  |  | (254 | ) |  |  | 61 |  |  |  | (193 | )
Other comprehensive income (loss) for the nine months ended September 30, 2022 |  |  | (816 | ) |  |  | 197 |  |  |  | (619 | )
Ending AOCI Balance - September 30, 2022 |  | $ | (366 | ) |  | $ | 90 |  |  | $ | (276 | )
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 |  | $ | (97 | )
Foreign currency forward contracts for the three months ended September 30, 2022 |  | $ | (1,666 | ) | Cost of revenues |  | $ | (26 | )
Interest rate swap contract for the three months ended September 30, 2022 |  | $ | (8 | ) | Interest expense, net |  | $ | 254 |
|  |  |  |  | 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 | )
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 |  | $ | (145 | )
Foreign currency forward contracts for the nine months ended September 30, 2022 |  | $ | (1,941 | ) | Cost of revenues |  | $ | (35 | )
Interest rate swap contract for the nine months ended September 30, 2022 |  | $ | 1,431 |  | Interest expense, net |  | $ | 323 |
|  |  |  |  | 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 | )
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: |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Gain (loss) on settlement |  | $ | - |  |  | $ | 336 |  |  | $ | - |  |  | $ | 883 |
Gain (loss) on change in fair value |  | $ | - |  |  | $ | (249 | ) |  | $ | - |  |  | $ | (606 | )
|  | - |  |  | 87 |  |  | - |  |  | 277 |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Interest rate swap contracts not designated as hedges: |  | 2022 |  | 2021 |  | 2022 |  | 2021
Gain (loss) on matured swaps | $ | 254 | $ | - | $ | 254 | $ | -
Gain (loss) on change in fair value on unsettled swaps | $ | 136 | $ | - | $ | 136 | $ | -
|  | 390 |  | - |  | 390 |  | -

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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 https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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