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Note 4 - Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 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
October - December 2024		$	13,795			$	1.3686			$	196
January - March 2025			18,218				1.3697				306
April - June 2025			11,181				1.3692				206
		$	43,194				1.3692			$	708

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, 2024 Fair Value Asset				As of December 31, 2023 Fair Value Asset
Foreign Currency forward contracts designated as cash flow hedges		Derivative instruments		$	708			$	2,277
Total foreign currency forward contracts		Derivative instruments		$	708			$	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 - June 30, 2024		$	166			$	(37	)		$	129
Other comprehensive income (loss) before reclassifications			551				(136	)			415
Amount reclassified from AOCI			(9	)			2				(7	)
Other comprehensive income (loss) for the three months ended September 30, 2024			542				(134	)			408
Ending AOCI Balance - September 30, 2024		$	708			$	(171	)		$	537

		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			(1,336	)			321				(1,015	)
Amount reclassified from AOCI			(231	)			55				(176	)
Other comprehensive income (loss) for the nine months ended September 30, 2024			(1,567	)			376				(1,191	)
Ending AOCI Balance - September 30, 2024		$	708			$	(171	)		$	537

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		$	7
Foreign currency forward contracts for the three months ended September 30, 2024		$	415		Cost of revenues		$	2
					Operating expenses		$	198
Foreign currency forward contracts for the three months ended September 30, 2023		$	(483	)	Cost of revenues		$	40

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		$	190
Foreign currency forward contracts for the nine months ended September 30, 2024		$	(1,015	)	Cost of revenues		$	41
					Operating expenses		$	(38	)
Foreign currency forward contracts for the nine months ended September 30, 2023		$	163		Cost of revenues		$	(17	)

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