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v3.23.1

Note 4 - Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended
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Mar. 31, 2023
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 |
April - June 2023 |  | $ | 16,248 |  |  |  | 1.3417 |  |  | $ | (123 | )
July - September 2023 |  |  | 18,041 |  |  |  | 1.3608 |  |  |  | 141 |
October - December 2023 |  |  | 14,430 |  |  |  | 1.3721 |  |  |  | 249 |
|  | $ | 48,719 |  |  |  | 1.3578 |  |  | $ | 267 |
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 March 31, 2023 Fair Value Asset |  |  | As of December 31, 2022 Fair Value Asset |
Foreign Currency forward contracts designated as cash flow hedges (net) |  | Derivative instruments |  | $ | 267 |  |  | $ | (84 | )
Interest rate swap contract discontinued as a cash flow hedge (net) |  | Derivative instruments |  |  | 853 |  |  |  | 1,598 |
Total foreign currency and interest swap forward contracts (net) |  | Derivative instruments |  | $ | 1,120 |  |  | $ | 1,514 |
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, 2022 |  | $ | 1,032 |  |  | $ | (248 | ) |  | $ | 784 |
Other comprehensive income (loss) before reclassifications |  |  | 90 |  |  |  | (22 | ) |  |  | 68 |
Amount reclassified from AOCI |  |  | 261 |  |  |  | (64 | ) |  |  | 197 |
Amortization of discontinued cash flow hedge |  |  | (571 | ) |  |  | 138 |  |  |  | (433 | )
Other comprehensive income (loss) for the three months ended March 31, 2023 |  |  | (220 | ) |  |  | 52 |  |  |  | (168 | )
Ending AOCI Balance - March 31, 2023 |  | $ | 812 |  |  | $ | (196 | ) |  | $ | 616 |
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 |  | $ | (211 | )
Foreign currency forward contracts for the three months ended March 31, 2023 |  | $ | 68 |  | Cost of revenues |  | $ | (50 | )
Interest rate swap contract for the three months ended March 31, 2023 |  | $ | - |  | Interest expense, net |  | $ | - |
|  |  |  |  | Operating expenses |  | $ | (58 | )
Foreign currency forward contracts for the three months ended March 31, 2022 |  | $ | 1,056 |  | Cost of revenues |  | $ | (12 | )
Interest rate swap contract for the three months ended March 31, 2022 |  | $ | (88 | ) | Interest expense, net |  | $ | (17 | )
Derivatives Not Designated as Hedging Instruments [Table Text Block] |
|  | Three Months Ended March 31, |
Interest rate swap contracts not designated as hedges: |  | 2023 |  |  | 2022 |
Gain (loss) on matured swaps |  | $ | 776 |  |  | $ | - |
Gain (loss) on change in fair value on unsettled swaps |  | 745 |  |  | - |
|  | $ | 1,521 |  |  | $ | - |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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