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Note 4 - Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 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
October - December 2023		$	14,430				1.3721			$	186
		$	14,430				1.3721			$	186

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, 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		$	186			$	(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		$	186			$	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 - June 30, 2023		$	1,059			$	(255	)		$	804
Other comprehensive income (loss) before reclassifications			(637	)			154				(483	)
Amount reclassified from AOCI			(238	)			57				(181	)
Other comprehensive income (loss) for the three months ended September 30, 2023			(875	)			211				(664	)
Ending AOCI Balance - September 30, 2023		$	184			$	(44	)		$	140

		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			215				(52	)			163
Amount reclassified from AOCI			55				(13	)			42
Amortization of discontinued cash flow hedge			(1,118	)			269				(849	)
Other comprehensive income (loss) for the nine months ended September 30, 2023			(848	)			204				(644	)
Ending AOCI Balance - September 30, 2023		$	184			$	(44	)		$	140

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		$	198
Foreign currency forward contracts for the three months ended September 30, 2023		$	(483	)	Cost of revenues		$	40
					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

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		$	(38	)
Foreign currency forward contracts for the nine months ended September 30, 2023		$	163		Cost of revenues		$	(17	)
					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

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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