Note 4 - Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2023

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 2023	$	16,248		1.3417	$	(123	)
July - September 2023		18,041		1.3608		141
October - December 2023		14,430		1.3721		249
	$	48,719		1.3578	$	267

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, 2023 Fair Value Asset		As of December 31, 2022 Fair Value Asset
Foreign Currency forward contracts designated as cash flow hedges (net)	Derivative instruments	$	267	$	(84	)
Interest rate swap contract discontinued as a cash flow hedge (net)	Derivative instruments		853		1,598
Total foreign currency and interest swap forward contracts (net)	Derivative instruments	$	1,120	$	1,514

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, 2022	$	1,032		$	(248	)	$	784
Other comprehensive income (loss) before reclassifications		90			(22	)		68
Amount reclassified from AOCI		261			(64	)		197
Amortization of discontinued cash flow hedge		(571	)		138			(433	)
Other comprehensive income (loss) for the three months ended March 31, 2023		(220	)		52			(168	)
Ending AOCI Balance - March 31, 2023	$	812		$	(196	)	$	616

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	$	(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	$	-
				Operating expenses	$	(58	)
Foreign currency forward contracts for the three months ended March 31, 2022	$	1,056		Cost of revenues	$	(12	)
Interest rate swap contract for the three months ended March 31, 2022	$	(88	)	Interest expense, net	$	(17	)

Derivatives Not Designated as Hedging Instruments [Table Text Block]

	Three Months Ended March 31,
Interest rate swap contracts not designated as hedges:	2023		2022
Gain (loss) on matured swaps	$	776	$	-
Gain (loss) on change in fair value on unsettled swaps	745		-
	$	1,521	$	-