Note 4 - Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 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
July - September 2023	$	18,041		1.3608	$	513
October - December 2023		14,430		1.3721		547
	$	32,471		1.3658	$	1,060

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 June 30, 2023 Fair Value Asset		As of December 31, 2022 Fair Value Asset (Liability)
Foreign Currency forward contracts designated as cash flow hedges (net)	Derivative instruments	$	1,060	$	(84	)
Interest rate swap contract discontinued as a cash flow hedge (net)	Derivative instruments		-		1,598
Total foreign currency and interest swap forward contracts (net)	Derivative instruments	$	1,060	$	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 - March 31, 2023	$	812		$	(196	)	$	616
Other comprehensive income (loss) before reclassifications		762			(184	)		578
Amount reclassified from AOCI		32			(7	)		25
Amortization of discontinued cash flow hedge		(547	)		132			(415	)
Other comprehensive income (loss) for the three months ended June 30, 2023		247			(59	)		188
Ending AOCI Balance - June 30, 2023		1,059			(255	)		804

	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		852			(206	)		646
Amount reclassified from AOCI		292			(71	)		221
Amortization of discontinued cash flow hedge		(1,117	)		270			(847	)
Other comprehensive income (loss) for the six months ended June 30, 2023		27			(7	)		20
Ending AOCI Balance - June 30, 2023	$	1,059		$	(255	)	$	804

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	$	(25	)
Foreign currency forward contracts for the three months ended June 30, 2023	$	578		Cost of revenues	$	(8	)
Interest rate swap contract for the three months ended June 30, 2023	$	-		Interest expense, net	$	-
				Operating expenses	$	10
Foreign currency forward contracts for the three months ended June 30, 2022	$	(187	)	Cost of revenues	$	2
Interest rate swap contract for the three months ended June 30, 2022	$	382		Interest expense, net	$	86

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	$	(235	)
Foreign currency forward contracts for the six months ended June 30, 2023	$	646		Cost of revenues	$	(57	)
Interest rate swap contract for the six months ended June 30, 2023	$	-		Interest expense, net	$	-
				Operating expenses	$	(49	)
Foreign currency forward contracts for the six months ended June 30, 2022	$	(275	)	Cost of revenues	$	(10	)
Interest rate swap contract for the six months ended June 30, 2022	$	1,438		Interest expense, net	$	69