v3.25.4
Note 6 - Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 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

 
             

January - March 2026

 $14,248   1.3609  $(61)

April - June 2026

  12,933   1.3609   (13)
  $27,181   1.3609  $(75)
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 December 31, 2025 Fair Value Asset (Liability)

  

As of December 31, 2024 Fair Value Asset (Liability)

 

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

Derivative instruments

 $(75) $(1,270)

Total foreign currency forward contracts (net)

Derivative instruments

 $(75) $(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

  (117)  28   (89)

Amount reclassified from AOCI

  1,313   (317)  996 

Other comprehensive income (loss) for the year ended December 31, 2025

  1,196   (289)  907 
             

Ending AOCI Balance - December 31, 2025

 $(79) $22  $(57)
  

Gains and losses on cash flow hedges

  

Tax impact

  

Total AOCI

 

Opening AOCI balance - December 31, 2023

 $2,275  $(547) $1,728 

Other comprehensive income (loss) before reclassifications

  (3,536)  855   (2,681)

Amount reclassified from AOCI

  (14)  3   (11)

Amortization of discontinued cash flow hedge

  -   -   - 

Other comprehensive income (loss) for the year ended December 31, 2024

  (3,550)  858   (2,692)
             

Ending AOCI Balance - December 31, 2024

 $(1,275) $311  $(964)
  

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

  2,413   (583)  1,830 

Amount reclassified from AOCI

  (52)  14   (38)

Amortization of discontinued cash flow hedge

  (1,118)  270   (848)

Other comprehensive income (loss) for the year ended December 31, 2023

  1,243   (299)  944 
             

Ending AOCI Balance - December 31, 2023

 $2,275  $(547) $1,728 
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

 $268 

Foreign currency forward contracts for the year ended December 31, 2025

 $(89)

Cost of revenues

 $1,046 
          
     

Operating expenses

 $(20)

Foreign currency forward contracts for the year ended December 31, 2024

 $(2,681)

Cost of revenues

 $6 
          
     

Operating expenses

 $46 

Foreign currency forward contracts for the year ended December 31, 2023

 $1,830 

Cost of revenues

 $6 
          

Interest rate swap contract for the year ended December 31, 2023

 $- 

Interest expense, net

 $-