XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.23.2

Note 4 - Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 |
July - September 2023 |  | $ | 18,041 |  |  |  | 1.3608 |  |  | $ | 513 |
October - December 2023 |  |  | 14,430 |  |  |  | 1.3721 |  |  |  | 547 |
|  | $ | 32,471 |  |  |  | 1.3658 |  |  | $ | 1,060 |
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, 2023 Fair Value Asset |  |  | As of December 31, 2022 Fair Value Asset (Liability) |
Foreign Currency forward contracts designated as cash flow hedges (net) |  | Derivative instruments |  | $ | 1,060 |  |  | $ | (84 | )
Interest rate swap contract discontinued as a cash flow hedge (net) |  | Derivative instruments |  |  | - |  |  |  | 1,598 |
Total foreign currency and interest swap forward contracts (net) |  | Derivative instruments |  | $ | 1,060 |  |  | $ | 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 - March 31, 2023 |  | $ | 812 |  |  | $ | (196 | ) |  | $ | 616 |
Other comprehensive income (loss) before reclassifications |  |  | 762 |  |  |  | (184 | ) |  |  | 578 |
Amount reclassified from AOCI |  |  | 32 |  |  |  | (7 | ) |  |  | 25 |
Amortization of discontinued cash flow hedge |  |  | (547 | ) |  |  | 132 |  |  |  | (415 | )
Other comprehensive income (loss) for the three months ended June 30, 2023 |  |  | 247 |  |  |  | (59 | ) |  |  | 188 |
Ending AOCI Balance - June 30, 2023 |  |  | 1,059 |  |  |  | (255 | ) |  |  | 804 |
|  | 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 |  |  | 852 |  |  |  | (206 | ) |  |  | 646 |
Amount reclassified from AOCI |  |  | 292 |  |  |  | (71 | ) |  |  | 221 |
Amortization of discontinued cash flow hedge |  |  | (1,117 | ) |  |  | 270 |  |  |  | (847 | )
Other comprehensive income (loss) for the six months ended June 30, 2023 |  |  | 27 |  |  |  | (7 | ) |  |  | 20 |
Ending AOCI Balance - June 30, 2023 |  | $ | 1,059 |  |  | $ | (255 | ) |  | $ | 804 |
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 |  | $ | (25 | )
Foreign currency forward contracts for the three months ended June 30, 2023 |  | $ | 578 |  | Cost of revenues |  | $ | (8 | )
Interest rate swap contract for the three months ended June 30, 2023 |  | $ | - |  | Interest expense, net |  | $ | - |
|  |  |  |  | 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 |
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 |  | $ | (235 | )
Foreign currency forward contracts for the six months ended June 30, 2023 |  | $ | 646 |  | Cost of revenues |  | $ | (57 | )
Interest rate swap contract for the six months ended June 30, 2023 |  | $ | - |  | Interest expense, net |  | $ | - |
|  |  |  |  | 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 |

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: 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 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration