v3.25.1
Note 4 - Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2025
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 Liability

 
             

April - June 2025

  11,181   1.3692   (479)
  $11,181   1.3692  $(479)
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, 2025 Fair Value Liability  As of December 31, 2024 Fair Value Liability 

Foreign Currency forward contracts designated as cash flow hedges (net)

 

Derivative instruments

 $(479) $(1,270)

Total foreign currency forward contracts (net)

 

Derivative instruments

 $(479) $(1,270)
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, 2024

 $(1,275) $311  $(964)

Other comprehensive income (loss) before reclassifications

  55   (13)  42 

Amount reclassified from AOCI

  741   (183)  558 

Other comprehensive income (loss) for the three months ended March 31, 2025

  796   (196)  600 
             

Ending AOCI Balance - March 31, 2025

 $(479) $115  $(364)
Derivative Instruments, Gain (Loss) [Table Text Block]

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

 $(593)

Foreign currency forward contracts for the three months ended March 31, 2025

 $42 

Cost of revenues

 $(143)
          
     

Operating expenses

 $184 

Foreign currency forward contracts for the three months ended March 31, 2024

 $(1,126)

Cost of revenues

 $39