Note 3 - Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Accumulated Other Comprehensive Income Disclosure [Text Block]

NOTE 3. Accumulated Other Comprehensive Income (Loss)

The components and changes in accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2022 and 2021 were as follows:

	Available-for-sale debt securities			Cash flow hedges			Total
	(in thousands)
Balances at December 31, 2021	$	(185	)	$	1,192		$	1,007
Change in unrealized gains (losses) during the period		(2,070	)		648			(1,422	)
Net gains reclassified into income during the period		-			(60	)		(60	)
Income tax provision		(58	)		(137	)		(195	)
Net change during the period		(2,128	)		451			(1,677	)
Balances at March 31, 2022		(2,313	)		1,643			(670	)
Change in unrealized gains (losses) during the period		(933	)		1,548			615
Net gains reclassified into income during the period		-			(244	)		(244	)
Income tax provision		-			(326	)		(326	)
Net change during the period		(933	)		978			45
Balances at June 30, 2022		(3,246	)		2,621			(625	)
Change in unrealized gains (losses) during the period		(492	)		1,877			1,385
Net gains reclassified into income during the period		-			(355	)		(355	)
Income tax provision		-			(362	)		(362	)
Net change during the period		(492	)		1,160			668
Balances at September 30, 2022	$	(3,738	)	$	3,781		$	43
Balances at December 31, 2020	$	1,224		$	(1,708	)	$	(484	)
Change in unrealized gains (losses) during the period		(501	)		1,092			591
Net losses reclassified into income during the period		8			192			200
Income tax benefit (provision)		104			(291	)		(187	)
Net change during the period		(389	)		993			604
Balances at March 31, 2021		835			(715	)		120
Change in unrealized losses during the period		(273	)		(394	)		(667	)
Net losses reclassified into income during the period		8			152			160
Income tax benefit		63			59			122
Net change during the period		(202	)		(183	)		(385	)
Balances at June 30, 2021		633			(898	)		(265	)
Change in unrealized losses during the period		(257	)		1,367			1,110
Net losses reclassified into income during the period		5			318			323
Income tax benefit (provision)		60			(400	)		(340	)
Net change during the period		(192	)		1,285			1,093
Balances at September 30, 2021	$	441		$	387		$	828

The effects on income before income taxes of amounts reclassified from AOCI to the condensed consolidated statements of operations were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2022			2021			2022			2021
	(in thousands)						(in thousands)
Reclassification of AOCI - Available-for-sale debt securities
Other income (expense), net	$	—		$	(5	)	$	—		$	(21	)
Reclassification of AOCI - Cash flow hedges
Revenues	$	660		$	(570	)	$	883		$	(1,243	)
Cost of revenues		(67	)		51			(50	)		117
Research and development expenses		(195	)		170			(143	)		391
Sales and marketing expenses		(12	)		9			(9	)		22
General and administrative expenses		(31	)		22			(22	)		51
Total	$	355		$	(318	)	$	659		$	(662	)