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Note 4 - Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2024

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 2024			13,840				1.3678				151
July - September 2024			16,974				1.3697				228
October - December 2024			13,795				1.3686				192
		$	44,609				1.3688			$	571

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, 2024 Fair Value Asset				As of December 31, 2023 Fair Value Asset
Foreign Currency forward contracts designated as cash flow hedges (net)		Derivative instruments		$	571			$	2,277
Total foreign currency forward contracts (net)		Derivative instruments		$	571			$	2,277

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, 2023		$	2,275			$	(547	)		$	1,728
Other comprehensive income (loss) before reclassifications			(1,485	)			359				(1,126	)
Amount reclassified from AOCI			(223	)			54				(169	)
Other comprehensive income (loss) for the three months ended March 31, 2024			(1,708	)			413				(1,295	)
Ending AOCI Balance - March 31, 2024		$	567			$	(134	)		$	433

Derivative Instruments, Gain (Loss) [Table Text Block]

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		$	184
Foreign currency forward contracts for the three months ended March 31, 2024		$	(1,126	)	Cost of revenues		$	39
					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		$	-

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