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Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2022
Text Block [Abstract]  
Other comprehensive income (loss)
16.
Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) for the years ended December 31, 2022, 2021 and 2020 were as follows:
 
    
Foreign
Currency
Translation
Adjustments
     
Derivative
Financial
Instruments
Designated as
Cash Flow Hedges
     
Total
  
(in thousands)
                     
Balance at December 31, 2019
   
$
(326
) 
   
$
(32
) 
   
$
(358
) 
(Loss) arising during the period
      (187 )       (113 )       (300 ) 
Reclassification to earnings for gains realized
      —          121        121  
Income tax (expense)
      —          (2 )       (2 ) 
    
 
 
     
 
 
     
 
 
  
Net other comprehensive income (loss) — year 2020
      (187 )       6        (181 ) 
    
 
 
     
 
 
     
 
 
  
Balance at December 31, 2020
   
$
(513
) 
   
$
(26
) 
   
$
(539
) 
    
 
 
     
 
 
     
 
 
  
Gain (Loss) arising during the period
      (94 )       1        (93 ) 
Reclassification to earnings for gains realized
      —          34        34  
Income tax (expense)
      —          (9 )       (9 ) 
    
 
 
     
 
 
     
 
 
  
Net other comprehensive income (loss) — year 2021
      (94 )       26        (68 ) 
    
 
 
     
 
 
     
 
 
  
Balance at December 31, 2021
   
$
(607
) 
   
$
—  
 
   
$
(607
) 
(Loss) arising during the period
      (948 )       —          (948 ) 
    
 
 
     
 
 
     
 
 
  
Net other comprehensive income (loss) — year 2022
      (948 )       —          (948 ) 
    
 
 
     
 
 
     
 
 
  
Balance at December 31, 2022
   
$
(1,555
) 
   
$
—  
 
   
$
(1,555
) 
    
 
 
     
 
 
     
 
 
  
 
Generally, the assets and liabilities of foreign operations are translated into U.S. dollars using the current exchange rate. For those operations, changes in exchange rates generally do not affect cash flows; therefore, resulting translation adjustments are made in shareholders’ equity rather than in net income.
See Note 13 for information regarding hedging activities.