Note 15 - Subsequent Event

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Subsequent Events [Text Block]

15. SUBSEQUENT EVENT

In the second quarter of 2021, the Board of Directors approved the Company to enter into a hedging program related to its exposure to foreign exchange fluctuations between the Chinese Renminbi (CNY) and the U.S. Dollar (USD).  On October 26, 2021, the Company entered into multiple forward contracts to hedge a portion of its CNY exposure related to intercompany product purchases.  Under these foreign exchange forward contracts, the Company is committed to purchasing CNY 119,812,500 for $18.6 million.  These contracts mature at various dates through November 30, 2022.