Tucows (TCX) 10-Q 7 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 04, 2020
Document Information [Line Items]
Entity Registrant Name	TUCOWS INC /PA/
Entity Central Index Key	0000909494
Trading Symbol	tcx
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		10,567,675
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common Stock

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 12,446	$ 20,393
Accounts receivable, net of allowance for doubtful accounts of $195 as of March 31, 2020 and $131 as of December 31, 2019	12,480	14,564
Inventory	2,553	3,457
Prepaid expenses and deposits	13,464	13,478
Derivative instrument asset, current portion (note 5)	172	731
Prepaid domain name registry and ancillary services fees, current portion (note 11)	93,893	91,252
Income taxes recoverable	1,460	1,800
Total current assets	136,468	145,675
Prepaid domain name registry and ancillary services fees, long-term portion (note 11)	18,127	17,915
Derivative instrument asset, long-term portion (note 5)	370
Property and equipment	94,289	82,121
Right of use operating lease asset	11,463	11,335
Contract costs	1,371	1,400
Intangible assets (note 6)	59,915	57,654
Total goodwill	115,837	109,818
Total assets	437,840	425,918
Current liabilities:
Accounts payable	8,996	6,671
Accrued liabilities	7,838	9,373
Customer deposits	14,132	14,074
Derivative instrument liability (note 5)	1,718
Operating lease liability, current portion (note 12)	1,488	1,413
Deferred revenue, current portion (note 10)	126,152	123,101
Accreditation fees payable, current portion	1,045	952
Income taxes payable	1,302	1,324
Total current liabilities	162,671	156,908
Deferred revenue, long-term portion (note 10)	26,493	26,202
Accreditation fees payable, long-term portion	208	216
Operating lease liability, long-term portion (note 12)	9,293	9,424
Loan payable, long-term portion (note 7)	113,545	113,503
Other long-term liability (note 4 (b))	3,152
Deferred tax liability	27,122	25,471
Stockholders' equity (note 14)
Preferred stock - no par value, 1,250,000 shares authorized; none issued and outstanding	0	0
Common stock - no par value, 250,000,000 shares authorized; 10,562,744 shares issued and outstanding as of March 31, 2020 and 10,585,159 shares issued and outstanding as of December 31, 2019	18,751	16,633
Additional paid-in capital		880
Retained earnings	77,323	76,208
Accumulated other comprehensive income (loss) (note 5)	(718)	473
Total stockholders' equity	95,356	94,194
Total liabilities and stockholders' equity	437,840	425,918
Contingencies (note 17)

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts receivable, allowance for doubtful accounts	$ 195	$ 131
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	1,250,000	1,250,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	10,562,744	10,585,159
Common stock, shares outstanding (in shares)	10,562,744	10,585,159

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net revenues (note 10)	$ 83,985	$ 78,953	[1]
Cost of revenues (note 10)
Cost of revenues	53,188	51,932
Network expenses	2,416	2,395
Depreciation of property and equipment	2,877	1,801
Amortization of intangible assets	354	174
Total cost of revenues	58,835	56,302
Gross profit	25,150	22,651
Expenses:
Sales and marketing	8,985	8,741
Technical operations and development	2,751	2,523
General and administrative	4,741	4,448
Depreciation of property and equipment	113	124
Amortization of intangible assets (note 6)	2,947	1,866
Loss (gain) on currency forward contracts (note 5)	441	(79)
Total expenses	19,978	17,623
Income from operations	5,172	5,028
Other income (expenses):
Interest expense, net	(1,150)	(972)
Other income, net	(87)
Total other income (expenses)	(1,237)	(972)
Income before provision for income taxes	3,935	4,056
Provision for income taxes (note 8)	1,101	1,257
Net income for the period	2,834	2,799	[2]
Other comprehensive income, net of tax
Unrealized income (loss) on hedging activities (note 5)	(1,234)	549
Net amount reclassified to earnings (note 5)	43	61
Other comprehensive income (loss) net of tax (expense) recovery of $366 and ($194) for the periods ended March 31, 2020 and March 31, 2019, respectively (note 5)	(1,191)	610
Comprehensive income, net of tax for the period	$ 1,643	$ 3,409
Basic earnings per common share (note 9) (in dollars per share)	$ 0.27	$ 0.26
Shares used in computing basic earnings per common share (note 9) (in shares)	10,612,230	10,634,842
Diluted earnings per common share (note 9) (in dollars per share)	$ 0.26	$ 0.26
Shares used in computing diluted earnings per common share (note 9) (in shares)	10,713,678	10,835,897
[1]	As a result of the bulk transfers of 2.89 million domain names to Namecheap throughout 2018, recognized revenue for the year ended December 31, 2018 includes $16.9 million, related to previously deferred revenue, a portion of which would have otherwise been recognized after December 31, 2018.
[2]	The Company has initially applied ASC 2014-09 (Topic 606) on January 1, 2018 and ASC 2016-02 (Topic 842) on January 1, 2019. Both accounting standards were adopted using the modified retrospective method, under this method the comparative periods were not restated.

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Other comprehensive income (loss), tax	$ 366	$ (194)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities:
Net income for the period	$ 2,834	$ 2,799	[1]
Items not involving cash:
Depreciation of property and equipment	2,990	1,925	[1]
Loss on write off of property and equipment		22	[1]
Amortization of debt discount and issuance costs	67	78	[1]
Amortization of intangible assets	3,301	2,040	[1]
Net amortization contract costs	29	19	[1]
Accretion of contingent consideration	87
Deferred income taxes (recovery)	(190)	462	[1]
Excess tax benefits on share-based compensation expense	(180)	(356)	[1]
Net Right of use operating assets/Operating lease liability	(179)	(30)	[1]
Loss on disposal of domain names	13	4	[1]
Loss (gain) on change in the fair value of forward contracts	348	(118)	[1]
Stock-based compensation	801	525	[1]
Change in non-cash operating working capital:
Accounts receivable	2,151	(1,188)	[1]
Inventory	904	408	[1]
Prepaid expenses and deposits	25	(390)	[1]
Prepaid domain name registry and ancillary services fees	(2,853)	(1,716)	[1]
Income taxes recoverable	500	(1,236)	[1]
Accounts payable	1,771	786	[1]
Accrued liabilities	(1,831)	1,321	[1]
Customer deposits	58	287	[1]
Deferred revenue	3,342	3,269	[1]
Accreditation fees payable	85	80	[1]
Net cash provided by operating activities	14,073	8,991	[1]
Financing activities:
Proceeds received on exercise of stock options	17	71	[1]
Payment of tax obligations resulting from net exercise of stock options	(182)	(340)	[1]
Repurchase of common stock	(3,117)		[1]
Proceeds received on loan payable		32,940	[1]
Repayment of loan payable		(4,600)	[1]
Payment of loan payable costs	(25)	(205)	[1]
Net cash (used in) provided by financing activities	(3,307)	27,866	[1]
Investing activities:
Additions to property and equipment	(9,943)	(10,435)	[1]
Net cash used in investing activities	(18,713)	(38,459)	[1]
Increase (decrease) in cash and cash equivalents	(7,947)	(1,602)	[1]
Cash and cash equivalents, beginning of period	20,393	12,637	[1]
Cash and cash equivalents, end of period	12,446	11,035	[1]
Supplemental cash flow information:
Interest paid	1,154	976	[1]
Income taxes paid, net	956	2,118	[1]
Supplementary disclosure of non-cash investing and financing activities:
Property and equipment acquired during the period not yet paid for	1,102	392	[1]
Fair value of shares issued for acquisition of Cedar Holdings Group	2,000
Fair value of contingent consideration for acquisition of Cedar Holdings Group	3,065
Cedar Holdings Group, Incorporated [Member]
Investing activities:
Acquisition of business, net of cash	(8,770)
Ascio Technologies, Inc. [Member]
Investing activities:
Acquisition of business, net of cash		$ (28,024)	[1]
[1]	The Company has initially applied ASC 2014-09 (Topic 606) on January 1, 2018 and ASC 2016-02 (Topic 842) on January 1, 2019. Both accounting standards were adopted using the modified retrospective method, under this method the comparative periods were not restated.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cedar Holdings Group, Incorporated [Member]
Cash acquired from acquisition of business	$ 66
Ascio Technologies, Inc. [Member]
Cash acquired from acquisition of business		$ 1

Note 1 - Organization of the Co

Note 1 - Organization of the Company	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Tucows Inc. (referred to throughout this report as the “Company”, “Tucows”, “we”, “us” or through similar expressions) provides simple useful services that help people unlock the power of the Internet. The Company provides US consumers and small businesses with mobile phone services nationally and high-speed fixed Internet access in selected towns. The Company is also a global distributor of Internet services, including domain name registration, digital certificates, and email. It provides these services primarily through a global Internet-based distribution network of Internet Service Providers, web hosting companies and other providers of Internet services to end-users.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Basis of Accounting [Text Block]	2. The accompanying unaudited interim consolidated balance sheets, and the related consolidated statements of operations and comprehensive income and cash flows reflect all adjustments, consisting of normal recurring adjustments, that are, in the opinion of management, necessary for a fair presentation of the financial position of Tucows and its subsidiaries as at March 31, 2020 March 31, 2020 2019 10 not may The accompanying unaudited interim consolidated financial statements have been prepared by Tucows in accordance with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in the Company's annual audited consolidated financial statements and accompanying notes have been condensed or omitted. Other than the exception noted below, these interim consolidated financial statements and accompanying notes follow the same accounting policies and methods of application used in the annual financial statements and should be read in conjunction with the Company's audited consolidated financial statements and notes thereto for the year ended December 31, 2019 2019 10 March 4, 2020 2019 no three March 31, 2020 2019 3

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	3. Recent Accounting Pronouncements Adopted In August 2018, No. 2018 15, Intangibles—Goodwill and Other—Internal-Use Software 350 40 2018 15” 2018 15 not 2018 15 2018 15 December 15, 2019, 2018 15 first 2020 not Recent Accounting Pronouncements Not In March 2020, No. 2020 04, Reference Rate Reform 848 2020 04” 2020 04 1. Modifications of contracts within the scope of Topics 310, 470, 2. Modifications of contracts within the scope of Topic 842, no not 3. Modifications of contracts do not 815 15, The amendments in ASU 2020 04 March 12, 2020 December 31, 2022. 2019 may 2020 04.

Note 4 - Acquisitions

Note 4 - Acquisitions	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Business Combination Disclosure [Text Block]	4. (a) Ascio On March 18, 2019, 3 2019 (b) Cedar In the fourth 2019, January 1, 2020, $14.1 $0.2 $13.9 $9.0 32,374 $2.0 two $4.0 24th 36th $3.1 11.3%. may The amortization period for the customer relationships and network rights are 7 15 The following table shows the preliminary allocation of the purchase price for Cedar to the acquired identifiable assets and liabilities assumed ( thousands of U.S. dollars Cash Consideration, including working capital adjustment $ 8,836 Share-based payment 2,000 Fair value of contingent consideration 3,065 Total estimated purchase price 13,901 Cash and Cash Equivalents 66 Accounts Receivables, net 67 Other current assets 22 Property and equipment 4,661 Right of use operating lease 18 Intangible assets, consisting of customer relationships and network rights 5,575 Total identifiable assets 10,409 Accounts payable and accrued liabilities (307 ) Deferred tax liability (2,207 ) Operating lease liability (13 ) Total liabilities assumed (2,527 ) Total net assets (liabilities) assumed 7,882 Total goodwill $ 6,019 The goodwill related to this acquisition is primarily attributable to synergies expected to arise from the acquisition and is not In connection with this acquisition, the Company incurred total acquisition related costs of $0.1 nil three March 31, 2020 The following table presents selected unaudited pro forma information for the Company assuming the acquisition of Cedar had occurred as of January 1, 2019. not Unaudited For the Three Months Ended March 31, 2019 Net revenues $ 80,181 Net income 2,700 Basic earnings per common share 0.25 Diluted earnings per common share $ 0.25 The amount of revenue recognized since the acquisition date included in the consolidated statements of operations and comprehensive income statement for the three March 31, 2020 $1.2 The net income recognized since the acquisition date included in the consolidated statements of operations and comprehensive income for the three March 31, 2020 $0.3

Note 5 - Derivative Instruments

Note 5 - Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	5. Foreign currency forward contracts Since October 2012, not one eighteen The Company has designated certain of these transactions as cash flow hedges of forecasted transactions under ASU 2017 12, Derivatives and Hedging 815 815” 815, March 31, 2020 December 31, 2019 no As of March 31, 2020 $61.8 $51.0 815 As of December 31, 2019 s $30.5 $26.1 815 As of March 31, 2020 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 April - June 2020 9,653 1.3296 (526 ) July - September 2020 10,656 1.3227 (627 ) October - December 2020 9,658 1.3227 (565 ) January - March 2021 11,124 1.4283 172 April - June 2021 9,878 1.4283 150 July - September 2021 10,782 1.4362 220 $ 61,751 1.3795 $ (1,176 ) Fair value of derivative instruments and effect of derivative instruments on financial performance The effect of these derivative instruments on our consolidated financial statements were as follows (amounts presented do not Fair value of derivative instruments in the consolidated balance sheets Derivatives (Dollar amounts in thousands of U.S. dollars) Balance Sheet Location As of March 31, 2020 Fair Value Liability As of December 31, 2019 Fair Value Asset Foreign Currency forward contracts designated as cash flow hedges (net) Derivative instruments $ (932 ) $ 626 Foreign Currency forward contracts not designated as cash flow hedges (net) Derivative instruments (244 ) 105 Total foreign currency forward contracts (net) Derivative instruments $ (1,176 ) $ 731 Movement in accumulated other comprehensive income (AOCI) balance for the three March 31, 2020 (Dollar amounts in thousands of U.S. dollars) Gains and losses on cash flow hedges Tax impact Total AOCI Opening AOCI balance - December 31, 2019 $ 625 $ (152 ) $ 473 Other comprehensive income (loss) before reclassifications (1,615 ) 381 (1,234 ) Amount reclassified from AOCI 58 (15 ) 43 Other comprehensive income (loss) for the three months ended March 31, 2020 (1,557 ) 366 (1,191 ) Ending AOCI Balance - March 31, 2020 $ (932 ) $ 214 $ (718 ) Effects of derivative instruments on income and other comprehensive income (OCI) for the three March 31, 2020 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 $ (45 ) Foreign currency forward contracts for the three months ended March 31, 2020 $ (1,191 ) Cost of revenues $ (13 ) Operating expenses $ (64 ) Foreign currency forward contracts for the three months ended March 31, 2019 $ 610 Cost of revenues $ (15 ) In addition to the above, for those foreign currency forward contracts not March 31, 2020 March 31, 2019 Forward currency contracts not designated as hedges: Three months ended Three months ended Gain (loss) on settlement $ (93 ) $ (39 ) Gain (loss) on change in fair value $ (348 ) $ 118

Note 6 - Goodwill and Other Int

Note 6 - Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	6. Goodwill Goodwill represents the excess of the purchase price over the fair value of tangible and identifiable intangible assets acquired and liabilities assumed in our acquisitions. The Company's Goodwill balance is $115.8 March 31, 2020 $109.8 December 31, 2019 93% $107.7 7% $8.1 Goodwill is not No three March 31, 2020 2019 Other Intangible Assets: Intangible assets consist of acquired brand, technology, customer relationships, surname domain names, direct navigation domain names and network rights. The Company considers its intangible assets consisting of surname domain names and direct navigation domain names as indefinite life intangible assets. The Company has the exclusive right to these domain names as long as the annual renewal fees are paid to the applicable registry. Renewals occur routinely and at a nominal cost. The indefinite life intangible assets are not March 31, 2020 March 31, 2019, June 2006 not Intangible assets, comprising brand, technology, customer relationships and network rights are being amortized on a straight-line basis over periods of two fifteen Acquired intangible assets consist of the following (Dollar amounts in thousands of U.S. dollars): Surname domain names Direct navigation domain names Brand Customer relationships Technology Network rights Total Amortization period indefinite life indefinite life 7 years 3 - 7 years 2 - 7 years 15 years Balances, December 31, 2019 $ 11,166 $ 1,144 $ 9,091 $ 34,268 $ 1,516 $ 469 $ 57,654 Cedar Networks acquisition (Note 4 (b)) - - - 4,630 - 945 5,575 Additions to/(disposals from) domain portfolio, net (4 ) (9 ) - - - - (13 ) Amortization expense - - (518 ) (2,429 ) (327 ) (27 ) (3,301 ) Balances, March 31, 2020 $ 11,162 $ 1,135 $ 8,573 $ 36,469 $ 1,189 $ 1,387 $ 59,915 The following table shows the estimated amortization expense for each of the next 5 no Year ending December 31, Remainder of 2020 $ 8,054 2021 12,152 2022 11,208 2023 9,180 2024 2,644 Thereafter 4,380 Total $ 47,618

Note 7 - Loan Payable

Note 7 - Loan Payable	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	7. Amended 2019 On June 14, 2019, $240 $180 $60 2019 2017 November 27, 2019, No. 1 2019 The Amended 2019 January 20, 2017 “2017 In connection with the Amended 2019 $0.4 $0.1 The obligations of the Company under the Amended 2019 first four June 13, 2023. Credit Facility Terms The Amended 2019 no The Amended 2019 2019 2019 3.50:1; 2019 not 3.00:1. 110% 2.00:1. three March 31, 2020 three March 31, 2019, 2017 Borrowings under the Amended 2019 If Total Funded Debt to EBITDA is: Availment type or fee Less than 1.00 Greater than or equal to 1.00 and less than 2.00 Greater than or equal to 2.00 and less than 2.50 Greater than or equal to 2.50 Canadian dollar borrowings based on Bankers’ Acceptance or U.S. dollar borrowings based on LIBOR (Margin) 1.50 % 1.85 % 2.35 % 2.85 % Canadian or U.S. dollar borrowings based on Prime Rate or U.S. dollar borrowings based on Base Rate (Margin) 0.25 % 0.60 % 1.10 % 1.60 % Standby fees 0.30 % 0.37 % 0.47 % 0.57 % The following table summarizes the Company’s borrowings under the credit facilities (Dollar amounts in thousands of U.S. dollars): March 31, 2020 December 31, 2019 Revolver $ 114,400 $ 114,400 Less: unamortized debt discount and issuance costs (855 ) (897 ) Total loan payable 113,545 113,503 Less: loan payable, current portion - - Loan payable, long-term portion $ 113,545 $ 113,503 The following table summarizes our scheduled principal repayments as of March 31, 2020 Remainder of 2020 $ - 2021 - 2022 - 2023 114,400 $ 114,400 Other Credit Facilities Prior to the Company entering into the Amended 2019 2017 2017

Note 8 - Income Taxes

Note 8 - Income Taxes	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8. For the three March 31, 2020 $1.1 $3.9 December 31, 2020 ( 2020” $0.2 No. 2016 09— Compensation—Stock Compensation 718 2016 09” three March 31, 2019 $1.3 $4.1 2019 $0.4 2016 09. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not not In connection with the eNom acquisition in 2017, first 2019, February 2019, "9100 November 2019, 9100 30 December 2019 not 9100 no March 31, 2020 The Company recognizes accrued interest and penalties related to income taxes in income tax expense. The Company did not March 31, 2020 December 31, 2019

Note 9 - Basic and Diluted Earn

Note 9 - Basic and Diluted Earnings Per Common Share	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	9. The following table reconciles the numerators and denominators of the basic and diluted earnings per common share computation (Dollar amounts in thousands of US dollars, except for share data): Three Months Ended March 31, 2020 2019 Numerator for basic and diluted earnings per common share: Net income for the period $ 2,834 $ 2,799 Denominator for basic and diluted earnings per common share: Basic weighted average number of common shares outstanding 10,612,230 10,634,842 Effect of outstanding stock options 101,448 201,055 Diluted weighted average number of shares outstanding 10,713,678 10,835,897 Basic earnings per common share $ 0.27 $ 0.26 Diluted earnings per common share $ 0.26 $ 0.26 For the three March 31, 2020 e 138,506 not three March 31, 2019 121,300 not

Note 10 - Revenue

Note 10 - Revenue	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	10. Significant accounting policy The Company’s revenues are derived from (a) the provisioning of mobile and fiber Internet services; and from (b) domain name registration contracts, other domain related value-added services, domain sale contracts, and other advertising revenue. Amounts received in advance of meeting the revenue recognition criteria described below are recorded as deferred revenue. All products are generally sold without the right of return or refund. Revenue is measured based on consideration specified in a contract with a customer and excludes any sales incentives and amounts collected on behalf of third Nature of goods and services The following is a description of principal activities – separated by reportable segments – from which the Company generates its revenue. For more detailed information about reportable segments, see Note 13 (a) Network Access Services The Company generates Network Access Services revenues primarily through the provisioning of mobile services (“Ting Mobile”). Other sources of revenue include the provisioning of fixed high-speed Internet access (“Ting Internet”) as well as billing solutions to Internet Service Providers (“ISPs”). Ting Mobile wireless usage contracts grant customers access to standard talk, text and data mobile services. Ting Mobile contracts are billed based on the actual amount of monthly services utilized by each customer during their billing cycle and charged to customers on a postpaid basis. Voice minutes, text messages and megabytes of data are each billed separately based on a tiered pricing program. The Company recognizes revenue for Ting Mobile usage based on the actual amount of monthly services utilized by each customer. Ting Internet contracts provide customers Internet access at their home or business through the installation and use of our fiber optic network. Ting Internet contracts are generally prepaid and grant customers with unlimited bandwidth based on a fixed price per month basis. Because consideration is collected before the service period, revenue is initially deferred and recognized as the Company performs its obligation to provide Internet access. Though the Company does not Both Ting Mobile and Ting Internet access services are primarily contracted through the Ting website, for one no not Our Roam Mobility brands also offers standard talk, text and data mobile services. Roam customers prepay for their usage through the Roam Mobility website. When prepayments are received the amount is deferred, and subsequently recognized as the Company satisfies its obligation to provide mobile services. In addition, revenues associated with the sale of SIM cards are recognized when title and risk of loss is transferred to the subscriber and shipment has occurred. Incentive marketing credits given to customers are recorded as a reduction of revenue. In those cases, where payment is not not (b) Domain Services Domain registration contracts, which can be purchased for terms of one ten Domain related value-added services like digital certifications, WHOIS privacy, website hosting and hosted email provide our resellers and retail registrant customers with tools and additional functionality to be used in conjunction with domain registrations. All domain related value-added services are considered distinct performance obligations which transfer the promised service to the customer over the contracted term. Fees charged to customers for domain related value-added services are collected at the inception of the contract, and revenue is recognized on a straight-line basis over the contracted term, consistent with the satisfaction of the performance obligations. The Company is an ICANN accredited registrar. Thus, the Company is the primary obligor with our reseller and retail registrant customers and is responsible for the fulfillment of our registrar services to those parties. As a result, the Company reports revenue in the amount of the fees we receive directly from our reseller and retail registrant customers. Our reseller customers maintain the primary obligor relationship with their retail customers, establish pricing and retain credit risk to those customers. Accordingly, the Company does not The Company also sells the rights to the Company’s portfolio domains or names acquired through the Company’s domain expiry stream. Revenue generated from sale of domain name contracts, containing a distinct performance obligation to transfer the domain name rights under the Company’s control, is generally recognized once the rights have been transferred and payment has been received in full. Advertising revenue is derived through domain parking monetization, whereby the Company contracts with third no Disaggregation of Revenue The following is a summary of the Company’s revenue earned from each significant revenue stream (Dollar amounts in thousands of U.S. dollars): Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Network Access Services: Mobile Services $ 20,148 $ 20,809 Other Services 4,308 2,443 Total Network Access Services 24,456 23,252 Domain Services: Wholesale Domain Services 45,964 42,591 Value Added Services 4,707 4,184 Total Wholesale 50,671 46,775 Retail 8,449 8,642 Portfolio 409 284 Total Domain Services 59,529 55,701 $ 83,985 $ 78,953 During the three March 31, 2020 three March 31, 2019 no 10% no 10% The following is a summary of the Company’s cost of revenue from each significant revenue stream (Dollar amounts in thousands of U.S. dollars): Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Network Access Services: Mobile Services $ 9,857 $ 10,743 Other Services 1,716 1,069 Total Network Access Services 11,573 11,812 Domain Services: Wholesale Domain Services 36,469 34,839 Value Added Services 785 794 Total Wholesale 37,254 35,633 Retail 4,234 4,359 Portfolio 127 128 Total Domain Services 41,615 40,120 Network Expenses: Network, other costs 2,416 2,395 Network, depreciation and amortization costs 3,231 1,975 Total Network Expenses 5,647 4,370 $ 58,835 $ 56,302 16 Contract Balances The following table provides information about contract liabilities (deferred revenue) from contracts with customers. The Company accounts for contract assets and liabilities on a contract-by-contract basis, with each contract presented as either a net contract asset or a net contract liability accordingly. Given that Company’s long-term contracts with customers are billed in advance of service, the Company’s contract liabilities relate to amounts recorded as deferred revenues. The Company does not not Deferred revenue primarily relates to the portion of the transaction price received in advance related to the unexpired term of domain name registrations and other domain related value-added services, on both a wholesale and retail basis, net of external commissions. Significant changes in deferred revenue were as follows (Dollar amounts in thousands of U.S. dollars): March 31, 2020 Balance, beginning of period $ 149,303 Deferred revenue 62,871 Recognized revenue (59,529 ) Balance, end of period $ 152,645 Remaining Performance Obligations: For mobile and internet access services, where the performance obligation is part of contracts that have an original expected duration of one one not Although domain registration contracts are deferred over the lives of the individual contracts, which can range from one ten 80 twelve Deferred revenue related to Roam Mobility and [Exact] hosting contracts are also deferred over the lives of the individual contracts, which are expected to be fully recognized within the next twelve

Note 11 - Costs to Obtain and F

Note 11 - Costs to Obtain and Fulfill a Contract	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Capitalized Contract Costs [Text Block]	11. Deferred costs of fulfillment Deferred costs to fulfill contracts generally consist of domain registration costs which have been paid to a domain registry, and are capitalized as Prepaid domain name registry and ancillary services fees. These costs are deferred and amortized over the life of the domain which generally ranges from one ten three March 31, 2020 $44.4 $41.6 no three March 31, 2020 three March 31, 2020 March 31, 2020 Balance, beginning of period $ 109,167 Deferral of costs 44,436 Recognized costs (41,583 ) Balance, end of period $ 112,020

Note 12 - Leases

Note 12 - Leases	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	12. We lease datacenters, corporate offices and fiber-optic cables under operating leases. The Company does not Our leases have remaining lease terms of 1 20 may 5 may 1 The components of lease expense were as follows (Dollar amounts in thousands of U.S. dollars): For the three months ended For the three months ended March 31, 2020 March 31, 2019 Operating Lease Cost (leases with a total term greater than 12 months) $ 547 $ 1,071 Short-term Lease Cost (leases with a total term of 12 months or less) 244 124 Variable Lease Cost 128 171 Total Lease Cost $ 919 $ 1,366 Lease Cost is presented in general and administrative expenses and network expenses within our consolidated statements of operations and comprehensive income. Information related to leases was as follows (Dollar amounts in thousands of U.S. dollars): For the three months ended For the three months ended Supplemental cashflow information: March 31, 2020 March 31, 2019 Operating Lease - Operating Cash Flows (Fixed Payments) $ 559 $ 1,051 Operating Lease - Operating Cash Flows (Liability Reduction) $ 438 $ 948 New ROU Assets - Operating Leases $ 875 $ 4,427 Supplemental balance sheet information related to leases: March 31, 2020 March 31, 2019 Weighted Average Discount Rate 4.03 % 5.24 % Weighted Average Remaining Lease Term 8.60 yrs 8.55 yrs Maturity of lease liability as of March 31, 2020 March 31, 2020 Remaining of 2020 $ 1,384 2021 1,741 2022 1,662 2023 1,624 2024 1,353 Thereafter 4,954 Total future lease payments 12,718 Less imputed interest 1,937 Total $ 10,781 Operating lease payments include payments under the non-cancellable term and approximately $0.6 As of March 31, 2020 we have entered into lease agreements for total payments of $0.1 not not In March 2020, April 2020 four September December 2020. $0.3 $0.6 The Company has elected to use the single exchange rate approach when accounting for lease modifications. Under the single exchange rate approach, the entire right of use asset is revalued at the date of modification in the Company’s functional currency provided the re-measurement is not

Note 13 - Segment Reporting

Note 13 - Segment Reporting	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	13. (a) We are organized and managed based on two 1. 2. The Chief Executive Officer (the “CEO”) is the chief operating decision maker and regularly reviews the operations and performance by segment. The CEO reviews gross profit as (i) a key measure of performance for each segment and (ii) to make decisions about the allocation of resources. Sales and marketing expenses, technical operations and development expenses, general and administrative expenses, depreciation of property and equipment, amortization of intangibles assets, impairment of indefinite life intangible assets, gain on currency forward contracts and other expense net are organized along functional lines and are not not 2 3 10 Information by reportable segments (with the exception of disaggregated revenue, which is discussed in Note 10 Network Access Services Domain Services Consolidated Totals Three Months Ended March 31, 2020 Net Revenues $ 24,456 $ 59,529 $ 83,985 Cost of revenues Cost of revenues 11,573 41,615 53,188 Network expenses 538 1,878 2,416 Depreciation of property and equipment 2,414 463 2,877 Amortization of intangible assets 27 327 354 Total cost of revenues 14,552 44,283 58,835 Gross Profit 9,904 15,246 25,150 Expenses: Sales and marketing 8,985 Technical operations and development 2,751 General and administrative 4,741 Depreciation of property and equipment 113 Amortization of intangible assets 2,947 Loss (gain) on currency forward contracts 441 Income from operations 5,172 Other income (expenses), net (1,237 ) Income before provision for income taxes $ 3,935 Network Access Services Domain Services Consolidated Totals Three Months Ended March 31, 2019 Net Revenues $ 23,252 $ 55,701 $ 78,953 Cost of revenues Cost of revenues 11,812 40,120 51,932 Network expenses 521 1,874 2,395 Depreciation of property and equipment 1,454 347 1,801 Amortization of intangible assets 11 163 174 Total cost of revenues 13,798 42,504 56,302 Gross Profit 9,454 13,197 22,651 Expenses: Sales and marketing 8,741 Technical operations and development 2,523 General and administrative 4,448 Depreciation of property and equipment 124 Amortization of intangible assets 1,866 Loss (gain) on currency forward contracts (79 ) Income from operations 5,028 Other income (expenses), net (972 ) Income before provision for income taxes $ 4,056 (b) The following is a summary of the Company’s property and equipment by geographic region (Dollar amounts in thousands of US dollars): March 31, 2020 December 31, 2019 Canada $ 2,157 $ 2,319 United States 91,724 79,758 Europe 408 44 $ 94,289 $ 82,121 (c) The following is a summary of the Company’s amortizable intangible assets by geographic region (Dollar amounts in thousands of US dollars): March 31, 2020 December 31, 2019 Canada $ 4,873 $ 5,207 United States 42,745 40,137 $ 47,618 $ 45,344 (d) The following is a summary of the Company’s deferred tax asset, net of valuation allowance, by geographic region (Dollar amounts in thousands of US dollars): March 31, 2020 December 31, 2019 Canada $ - $ - $ - $ - (e) Valuation and qualifying accounts (Dollar amounts in thousands of US dollars): Allowance for doubtful accounts Balance at beginning of period Charged to costs and expenses Write-offs during period Balance at end of period Three Months Ended March 31, 2020 $ 131 $ 64 $ - $ 195 Twelve months ended December 31, 2019 $ 132 $ (1 ) $ - $ 131

Note 14 - Stockholders' Equity

Note 14 - Stockholders' Equity	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	14. The following table summarizes stockholders' equity transactions for the three March 31, 2020 Accumulated Additional other Total Common stock paid in Retained comprehensive stockholders' Number Amount capital earnings income (loss) equity Balances, December 31, 2019 10,585,159 16,633 880 76,208 473 94,194 Exercise of stock options 25,013 236 (219 ) - - 17 Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration (13,034 ) - (182 ) - - (182 ) Acquisition of Cedar Holdings Group 32,374 2,000 - - - 2,000 Repurchase and retirement of shares (66,738 ) (118 ) (1,280 ) (1,719 ) - (3,117 ) Stock-based compensation - - 801 - - 801 Net income - - - 2,834 - 2,834 Other comprehensive income (loss) - - - - (1,191 ) (1,191 ) Balances, March 31, 2020 10,562,774 $ 18,751 $ - $ 77,323 $ (718 ) $ 95,356 2020 On February 12, 2020, $40 $40 February 13, 2020 February 12, 2021. three March 31, 2020 66,738 $3.1 2019 On February 13, 2019, $40 $40 February 14, 2019 February 13, 2020. three March 31, 2019 not 2018 On February 14, 2018, $40 February 14, 2018 February 13, 2019. three March 31, 2019, not

Note 15 - Share-based Payments

Note 15 - Share-based Payments	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	15. Stock options The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model. Because option-pricing models require the use of subjective assumptions, changes in these assumptions can materially affect the fair value of the options. The assumptions presented in the table below represent the weighted average of the applicable assumption used to value stock options at their grant date. The Company calculates expected volatility based on historical volatility of the Company's common shares. The expected term, which represents the period of time that options granted are expected to be outstanding, is estimated based on historical exercise experience. The Company evaluated historical exercise behavior when determining the expected term assumptions. The risk-free rate assumed in valuing the options is based on the U.S. Treasury yield curve in effect at the time of grant for the expected term of the option. The Company determines the expected dividend yield percentage by dividing the expected annual dividend by the market price of Tucows Inc. common shares at the date of grant. Details of stock option transactions for the three March 31, 2020 March 31, 2019 Three Months Ended Mar 31, 2020 Three Months Ended March 31, 2019 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 754,497 $ 49.94 702,337 $ 43.80 Granted 5,500 47.35 - - Exercised (25,013 ) 20.59 (29,043 ) 24.63 Forfeited (3,489 ) 61.73 (6,751 ) 59.40 Expired (1,458 ) 60.91 (1,387 ) 60.82 Outstanding, end of period 730,037 50.85 665,156 44.46 Options exercisable, end of period 349,845 $ 41.65 304,007 $ 29.52 As of March 31, 2020 Options outstanding Options exercisable Exercise price Number outstanding Weighted average exercise price per share Weighted average remaining contractual life (years) Aggregate intrinsic value Number exercisable Weighted average exercise price per share Weighted average remaining contractual life (years) Aggregate intrinsic value $ 8.56 - $ 8.56 15,722 $ 8.56 0.1 $ 624 15,722 $ 8.56 0.1 $ 624 $10.16 - $19.95 62,990 16.23 1.5 2,018 62,990 16.23 1.5 2,018 $21.10 - $27.53 51,250 24.11 1.7 1,237 51,250 24.11 1.7 1,237 $35.25 - $37.35 14,375 35.89 3.2 178 13,125 35.95 3.1 162 $44.90 - $47.00 10,000 46.95 5.4 13 3,750 47.00 4.0 5 $51.82 - $58.65 337,353 55.53 4.2 - 176,527 55.69 4.0 - $61.33 - $64.10 238,347 62.99 5.7 - 26,481 64.10 5.2 - 730,037 $ 50.85 4.2 $ 4,070 349,845 $ 41.65 3.1 $ 4,046 Total unrecognized compensation cost relating to unvested stock options at March 31, 2020 mate ly $5.8 il of 2.2 The Company recorded stock-based compensation of $0.8 three March 31, 2020 $0.5 three March 31, 2019 The Company has not

Note 16 - Fair Value Measuremen

Note 16 - Fair Value Measurement	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Fair Value Disclosures [Text Block]	16. For financial assets and liabilities recorded in our financial statements at fair value we utilize a valuation hierarchy for disclosure of the inputs to valuation used to measure fair value. This hierarchy prioritizes the inputs into three 1 2 3 The following table provides a summary of the fair values of the Company’s derivative instruments measured at fair value on a recurring basis as at March 31, 2020 March 31, 2020 Fair Value Measurement Using Assets (Liabilities) Level 1 Level 2 Level 3 at Fair value Derivative instrument asset $ - $ 542 $ - $ 542 Derivative instrument liability $ - $ (1,718) $ - $ (1,718) Total assets (liability) $ - $ (1,176) $ - $ (1,176) The following table provides a summary of the fair values of the Company’s derivative instruments measured at fair value on a recurring basis as at December 31, 2019 December 31, 2019 Fair Value Measurement Using Assets (Liabilities) Level 1 Level 2 Level 3 at Fair value Derivative instrument liability $ - $ 731 $ - $ 731 Total liabilities $ - $ 731 $ - $ 731

Note 17 - Contingencies

Note 17 - Contingencies	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	17. From time to time, the Company has legal claims and lawsuits in connection with its ordinary business operations. The Company vigorously defends such claims. While the final outcome with respect to any actions or claims outstanding or pending as of March 31, 2020 not

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Adopted In August 2018, No. 2018 15, Intangibles—Goodwill and Other—Internal-Use Software 350 40 2018 15” 2018 15 not 2018 15 2018 15 December 15, 2019, 2018 15 first 2020 not Recent Accounting Pronouncements Not In March 2020, No. 2020 04, Reference Rate Reform 848 2020 04” 2020 04 1. Modifications of contracts within the scope of Topics 310, 470, 2. Modifications of contracts within the scope of Topic 842, no not 3. Modifications of contracts do not 815 15, The amendments in ASU 2020 04 March 12, 2020 December 31, 2022. 2019 may 2020 04.

Note 4 - Acquisitions (Tables)

Note 4 - Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Cash Consideration, including working capital adjustment $ 8,836 Share-based payment 2,000 Fair value of contingent consideration 3,065 Total estimated purchase price 13,901 Cash and Cash Equivalents 66 Accounts Receivables, net 67 Other current assets 22 Property and equipment 4,661 Right of use operating lease 18 Intangible assets, consisting of customer relationships and network rights 5,575 Total identifiable assets 10,409 Accounts payable and accrued liabilities (307 ) Deferred tax liability (2,207 ) Operating lease liability (13 ) Total liabilities assumed (2,527 ) Total net assets (liabilities) assumed 7,882 Total goodwill $ 6,019
Business Acquisition, Pro Forma Information [Table Text Block]	Unaudited For the Three Months Ended March 31, 2019 Net revenues $ 80,181 Net income 2,700 Basic earnings per common share 0.25 Diluted earnings per common share $ 0.25

Note 5 - Derivative Instrumen_2

Note 5 - Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2020
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 April - June 2020 9,653 1.3296 (526 ) July - September 2020 10,656 1.3227 (627 ) October - December 2020 9,658 1.3227 (565 ) January - March 2021 11,124 1.4283 172 April - June 2021 9,878 1.4283 150 July - September 2021 10,782 1.4362 220 $ 61,751 1.3795 $ (1,176 )
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, 2020 Fair Value Liability As of December 31, 2019 Fair Value Asset Foreign Currency forward contracts designated as cash flow hedges (net) Derivative instruments $ (932 ) $ 626 Foreign Currency forward contracts not designated as cash flow hedges (net) Derivative instruments (244 ) 105 Total foreign currency forward contracts (net) Derivative instruments $ (1,176 ) $ 731
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, 2019 $ 625 $ (152 ) $ 473 Other comprehensive income (loss) before reclassifications (1,615 ) 381 (1,234 ) Amount reclassified from AOCI 58 (15 ) 43 Other comprehensive income (loss) for the three months ended March 31, 2020 (1,557 ) 366 (1,191 ) Ending AOCI Balance - March 31, 2020 $ (932 ) $ 214 $ (718 )
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 $ (45 ) Foreign currency forward contracts for the three months ended March 31, 2020 $ (1,191 ) Cost of revenues $ (13 ) Operating expenses $ (64 ) Foreign currency forward contracts for the three months ended March 31, 2019 $ 610 Cost of revenues $ (15 )
Derivatives Not Designated as Hedging Instruments [Table Text Block]	March 31, 2020 March 31, 2019 Forward currency contracts not designated as hedges: Three months ended Three months ended Gain (loss) on settlement $ (93 ) $ (39 ) Gain (loss) on change in fair value $ (348 ) $ 118

Note 6 - Goodwill and Other I_2

Note 6 - Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	Surname domain names Direct navigation domain names Brand Customer relationships Technology Network rights Total Amortization period indefinite life indefinite life 7 years 3 - 7 years 2 - 7 years 15 years Balances, December 31, 2019 $ 11,166 $ 1,144 $ 9,091 $ 34,268 $ 1,516 $ 469 $ 57,654 Cedar Networks acquisition (Note 4 (b)) - - - 4,630 - 945 5,575 Additions to/(disposals from) domain portfolio, net (4 ) (9 ) - - - - (13 ) Amortization expense - - (518 ) (2,429 ) (327 ) (27 ) (3,301 ) Balances, March 31, 2020 $ 11,162 $ 1,135 $ 8,573 $ 36,469 $ 1,189 $ 1,387 $ 59,915
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Year ending December 31, Remainder of 2020 $ 8,054 2021 12,152 2022 11,208 2023 9,180 2024 2,644 Thereafter 4,380 Total $ 47,618

Note 7 - Loan Payable (Tables)

Note 7 - Loan Payable (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Standby Fees Based on Total Funded Debt to EBITDA Ratio [Table Text Block]	If Total Funded Debt to EBITDA is: Availment type or fee Less than 1.00 Greater than or equal to 1.00 and less than 2.00 Greater than or equal to 2.00 and less than 2.50 Greater than or equal to 2.50 Canadian dollar borrowings based on Bankers’ Acceptance or U.S. dollar borrowings based on LIBOR (Margin) 1.50 % 1.85 % 2.35 % 2.85 % Canadian or U.S. dollar borrowings based on Prime Rate or U.S. dollar borrowings based on Base Rate (Margin) 0.25 % 0.60 % 1.10 % 1.60 % Standby fees 0.30 % 0.37 % 0.47 % 0.57 %
Schedule of Debt [Table Text Block]	March 31, 2020 December 31, 2019 Revolver $ 114,400 $ 114,400 Less: unamortized debt discount and issuance costs (855 ) (897 ) Total loan payable 113,545 113,503 Less: loan payable, current portion - - Loan payable, long-term portion $ 113,545 $ 113,503
Schedule of Maturities of Long-term Debt [Table Text Block]	Remainder of 2020 $ - 2021 - 2022 - 2023 114,400 $ 114,400

Note 9 - Basic and Diluted Ea_2

Note 9 - Basic and Diluted Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2020 2019 Numerator for basic and diluted earnings per common share: Net income for the period $ 2,834 $ 2,799 Denominator for basic and diluted earnings per common share: Basic weighted average number of common shares outstanding 10,612,230 10,634,842 Effect of outstanding stock options 101,448 201,055 Diluted weighted average number of shares outstanding 10,713,678 10,835,897 Basic earnings per common share $ 0.27 $ 0.26 Diluted earnings per common share $ 0.26 $ 0.26

Note 10 - Revenue (Tables)

Note 10 - Revenue (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Network Access Services: Mobile Services $ 20,148 $ 20,809 Other Services 4,308 2,443 Total Network Access Services 24,456 23,252 Domain Services: Wholesale Domain Services 45,964 42,591 Value Added Services 4,707 4,184 Total Wholesale 50,671 46,775 Retail 8,449 8,642 Portfolio 409 284 Total Domain Services 59,529 55,701 $ 83,985 $ 78,953
Schedule of Cost of Revenues by Revenue Stream [Table Text Block]	Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Network Access Services: Mobile Services $ 9,857 $ 10,743 Other Services 1,716 1,069 Total Network Access Services 11,573 11,812 Domain Services: Wholesale Domain Services 36,469 34,839 Value Added Services 785 794 Total Wholesale 37,254 35,633 Retail 4,234 4,359 Portfolio 127 128 Total Domain Services 41,615 40,120 Network Expenses: Network, other costs 2,416 2,395 Network, depreciation and amortization costs 3,231 1,975 Total Network Expenses 5,647 4,370 $ 58,835 $ 56,302
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	March 31, 2020 Balance, beginning of period $ 149,303 Deferred revenue 62,871 Recognized revenue (59,529 ) Balance, end of period $ 152,645

Note 11 - Costs to Obtain and_2

Note 11 - Costs to Obtain and Fulfill a Contract (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Capitalized Contract Cost [Table Text Block]	March 31, 2020 Balance, beginning of period $ 109,167 Deferral of costs 44,436 Recognized costs (41,583 ) Balance, end of period $ 112,020

Note 12 - Leases (Tables)

Note 12 - Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Lease, Cost [Table Text Block]	For the three months ended For the three months ended March 31, 2020 March 31, 2019 Operating Lease Cost (leases with a total term greater than 12 months) $ 547 $ 1,071 Short-term Lease Cost (leases with a total term of 12 months or less) 244 124 Variable Lease Cost 128 171 Total Lease Cost $ 919 $ 1,366 For the three months ended For the three months ended Supplemental cashflow information: March 31, 2020 March 31, 2019 Operating Lease - Operating Cash Flows (Fixed Payments) $ 559 $ 1,051 Operating Lease - Operating Cash Flows (Liability Reduction) $ 438 $ 948 New ROU Assets - Operating Leases $ 875 $ 4,427 Supplemental balance sheet information related to leases: March 31, 2020 March 31, 2019 Weighted Average Discount Rate 4.03 % 5.24 % Weighted Average Remaining Lease Term 8.60 yrs 8.55 yrs
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	March 31, 2020 Remaining of 2020 $ 1,384 2021 1,741 2022 1,662 2023 1,624 2024 1,353 Thereafter 4,954 Total future lease payments 12,718 Less imputed interest 1,937 Total $ 10,781

Note 13 - Segment Reporting (Ta

Note 13 - Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Condensed Income Statement [Table Text Block]	Network Access Services Domain Services Consolidated Totals Three Months Ended March 31, 2020 Net Revenues $ 24,456 $ 59,529 $ 83,985 Cost of revenues Cost of revenues 11,573 41,615 53,188 Network expenses 538 1,878 2,416 Depreciation of property and equipment 2,414 463 2,877 Amortization of intangible assets 27 327 354 Total cost of revenues 14,552 44,283 58,835 Gross Profit 9,904 15,246 25,150 Expenses: Sales and marketing 8,985 Technical operations and development 2,751 General and administrative 4,741 Depreciation of property and equipment 113 Amortization of intangible assets 2,947 Loss (gain) on currency forward contracts 441 Income from operations 5,172 Other income (expenses), net (1,237 ) Income before provision for income taxes $ 3,935 Network Access Services Domain Services Consolidated Totals Three Months Ended March 31, 2019 Net Revenues $ 23,252 $ 55,701 $ 78,953 Cost of revenues Cost of revenues 11,812 40,120 51,932 Network expenses 521 1,874 2,395 Depreciation of property and equipment 1,454 347 1,801 Amortization of intangible assets 11 163 174 Total cost of revenues 13,798 42,504 56,302 Gross Profit 9,454 13,197 22,651 Expenses: Sales and marketing 8,741 Technical operations and development 2,523 General and administrative 4,448 Depreciation of property and equipment 124 Amortization of intangible assets 1,866 Loss (gain) on currency forward contracts (79 ) Income from operations 5,028 Other income (expenses), net (972 ) Income before provision for income taxes $ 4,056
Schedule of Property Plant and Equipment by Geographic Region [Table Text Block]	March 31, 2020 December 31, 2019 Canada $ 2,157 $ 2,319 United States 91,724 79,758 Europe 408 44 $ 94,289 $ 82,121
Schedule of Acquired Intangible Assets by Major Class [Table Text Block]	March 31, 2020 December 31, 2019 Canada $ 4,873 $ 5,207 United States 42,745 40,137 $ 47,618 $ 45,344
Schedule of Deferred Tax Asset Net By Geographic Region [Table Text Block]	March 31, 2020 December 31, 2019 Canada $ - $ - $ - $ -
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Allowance for doubtful accounts Balance at beginning of period Charged to costs and expenses Write-offs during period Balance at end of period Three Months Ended March 31, 2020 $ 131 $ 64 $ - $ 195 Twelve months ended December 31, 2019 $ 132 $ (1 ) $ - $ 131

Note 14 - Stockholders' Equity

Note 14 - Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Accumulated Additional other Total Common stock paid in Retained comprehensive stockholders' Number Amount capital earnings income (loss) equity Balances, December 31, 2019 10,585,159 16,633 880 76,208 473 94,194 Exercise of stock options 25,013 236 (219 ) - - 17 Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration (13,034 ) - (182 ) - - (182 ) Acquisition of Cedar Holdings Group 32,374 2,000 - - - 2,000 Repurchase and retirement of shares (66,738 ) (118 ) (1,280 ) (1,719 ) - (3,117 ) Stock-based compensation - - 801 - - 801 Net income - - - 2,834 - 2,834 Other comprehensive income (loss) - - - - (1,191 ) (1,191 ) Balances, March 31, 2020 10,562,774 $ 18,751 $ - $ 77,323 $ (718 ) $ 95,356

Note 15 - Share-based Payments

Note 15 - Share-based Payments (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Three Months Ended Mar 31, 2020 Three Months Ended March 31, 2019 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 754,497 $ 49.94 702,337 $ 43.80 Granted 5,500 47.35 - - Exercised (25,013 ) 20.59 (29,043 ) 24.63 Forfeited (3,489 ) 61.73 (6,751 ) 59.40 Expired (1,458 ) 60.91 (1,387 ) 60.82 Outstanding, end of period 730,037 50.85 665,156 44.46 Options exercisable, end of period 349,845 $ 41.65 304,007 $ 29.52
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]	Options outstanding Options exercisable Exercise price Number outstanding Weighted average exercise price per share Weighted average remaining contractual life (years) Aggregate intrinsic value Number exercisable Weighted average exercise price per share Weighted average remaining contractual life (years) Aggregate intrinsic value $ 8.56 - $ 8.56 15,722 $ 8.56 0.1 $ 624 15,722 $ 8.56 0.1 $ 624 $10.16 - $19.95 62,990 16.23 1.5 2,018 62,990 16.23 1.5 2,018 $21.10 - $27.53 51,250 24.11 1.7 1,237 51,250 24.11 1.7 1,237 $35.25 - $37.35 14,375 35.89 3.2 178 13,125 35.95 3.1 162 $44.90 - $47.00 10,000 46.95 5.4 13 3,750 47.00 4.0 5 $51.82 - $58.65 337,353 55.53 4.2 - 176,527 55.69 4.0 - $61.33 - $64.10 238,347 62.99 5.7 - 26,481 64.10 5.2 - 730,037 $ 50.85 4.2 $ 4,070 349,845 $ 41.65 3.1 $ 4,046

Note 16 - Fair Value Measurem_2

Note 16 - Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	March 31, 2020 Fair Value Measurement Using Assets (Liabilities) Level 1 Level 2 Level 3 at Fair value Derivative instrument asset $ - $ 542 $ - $ 542 Derivative instrument liability $ - $ (1,718) $ - $ (1,718) Total assets (liability) $ - $ (1,176) $ - $ (1,176) December 31, 2019 Fair Value Measurement Using Assets (Liabilities) Level 1 Level 2 Level 3 at Fair value Derivative instrument liability $ - $ 731 $ - $ 731 Total liabilities $ - $ 731 $ - $ 731

Note 4 - Acquisitions (Details

Note 4 - Acquisitions (Details Textual) - Cedar Holdings Group, Incorporated [Member] $ in Thousands	Jan. 01, 2020USD ($)shares	Mar. 31, 2020USD ($)
Business Combination, Consideration Transferred, Total	$ 14,100
Business Combination, Consideration Transferred, Estimated Price Adjustments	200
Business Combination, Consideration Transferred, Net of Price Adjustments	13,901
Payments to Acquire Businesses, Gross	$ 9,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares	32,374
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 2,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	4,000
Business Combination, Contingent Consideration, Liability, Total	$ 3,100
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual		$ 1,200
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual		300
General and Administrative Expense [Member]
Business Combination, Acquisition Related Costs		$ 100
Customer Relationships [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	7 years
Network Rights [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	15 years
Measurement Input, Discount Rate [Member]
Business Combination, Contingent Consideration, Liability, Measurement Input	11.3

Note 4 - Acquisitions - Prelimi

Note 4 - Acquisitions - Preliminary Purchase Consideration (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Mar. 31, 2020	Dec. 31, 2019
Total goodwill		$ 115,837	$ 109,818
Cedar Holdings Group, Incorporated [Member]
Cash Consideration, including working capital adjustment	$ 8,836
Share-based payment	2,000
Fair value of contingent consideration	3,065
Total estimated purchase price	13,901
Cash and Cash Equivalents	66
Accounts Receivables, net	67
Other current assets	22
Property and equipment	4,661
Right of use operating lease	18
Intangible assets, consisting of customer relationships and network rights	5,575
Total identifiable assets	10,409
Accounts payable and accrued liabilities	(307)
Deferred tax liability	(2,207)
Operating lease liability	(13)
Total liabilities assumed	(2,527)
Total net assets (liabilities) assumed	7,882
Total goodwill	$ 6,019

Note 4 - Acquisitions - Pro For

Note 4 - Acquisitions - Pro Forma Information (Details) - Cedar Holdings Group, Incorporated [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)$ / shares
Net revenues | $	$ 80,181
Net income | $	$ 2,700
Basic earnings per common share (in dollars per share) | $ / shares	$ 0.25
Diluted earnings per common share (in dollars per share) | $ / shares	$ 0.25

Note 5 - Derivative Instrumen_3

Note 5 - Derivative Instruments and Hedging Activities (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Derivative, Notional Amount	$ 61,751
Forward Contracts [Member]
Derivative, Notional Amount	61,800	$ 30,500
Forward Contracts [Member] | Designated as Hedging Instrument [Member]
Derivative, Notional Amount	$ 51,000	$ 26,100
Forward Contracts [Member] | Minimum [Member]
Derivative, Term of Contract (Month)	30 days
Forward Contracts [Member] | Maximum [Member]
Derivative, Term of Contract (Month)	1 year 180 days

Note 5 - Derivative Instrumen_4

Note 5 - Derivative Instruments and Hedging Activities - Foreign Currency Forward Contracts (Details) $ in Thousands	Mar. 31, 2020USD ($)
Notional amount of U.S. dollars	$ 61,751
Weighted average exchange rate of U.S. dollars	1.3795
Foreign currency forward contracts, liability	$ (1,176)
Foreign Exchange Forward 1 [Member]
Notional amount of U.S. dollars	$ 9,653
Weighted average exchange rate of U.S. dollars	1.3296
Foreign currency forward contracts, liability	$ (526)
Foreign Exchange Forward 2 [Member]
Notional amount of U.S. dollars	$ 10,656
Weighted average exchange rate of U.S. dollars	1.3227
Foreign currency forward contracts, liability	$ (627)
Foreign Exchange Forward 3 [Member]
Notional amount of U.S. dollars	$ 9,658
Weighted average exchange rate of U.S. dollars	1.3227
Foreign currency forward contracts, liability	$ (565)
Foreign Exchange Forward 4 [Member]
Notional amount of U.S. dollars	$ 11,124
Weighted average exchange rate of U.S. dollars	1.4283
Foreign currency forward contracts, asset	$ 172
Foreign Exchange Forward 5 [Member]
Notional amount of U.S. dollars	$ 9,878
Weighted average exchange rate of U.S. dollars	1.4283
Foreign currency forward contracts, asset	$ 150
Foreign Exchange Forward 6 [Member]
Notional amount of U.S. dollars	$ 10,782
Weighted average exchange rate of U.S. dollars	1.4362
Foreign currency forward contracts, asset	$ 220

Note 5 - Derivative Instrumen_5

Note 5 - Derivative Instruments and Hedging Activities - Fair Value of Derivative Instruments in the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Foreign currency forward contracts, liability	$ (1,176)
Derivative Instruments [Member]
Foreign currency forward contracts, liability	(1,176)
Foreign currency forward contracts, asset		$ 731
Derivative Instruments [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Foreign currency forward contracts, liability	(932)
Foreign currency forward contracts, asset		626
Derivative Instruments [Member] | Not Designated as Hedging Instrument [Member]
Foreign currency forward contracts, liability	$ (244)
Foreign currency forward contracts, asset		$ 105

Note 5 - Derivative Instrumen_6

Note 5 - Derivative Instruments and Hedging Activities - Movement in AOCI Balance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
AOCI balance, Gains and losses on cash flow hedges	$ 625
AOCI balance, Tax impact	(152)
AOCI balance	473
Other comprehensive income (loss) before reclassifications, Gains and losses on cash flow hedges	(1,615)
Other comprehensive income (loss) before reclassifications, Tax impact	381
Other comprehensive income (loss) before reclassifications	(1,234)	$ 549
Amount reclassified from AOCI, Gains and losses on cash flow hedges	58
Amount reclassified from AOCI, Tax impact	(15)
Amount reclassified from AOCI	43	$ 61
Other comprehensive income (loss), Gains and losses on cash flow hedges	(1,557)
Other comprehensive income (loss), Tax impact	366
Other comprehensive income (loss)	(1,191)
AOCI balance, Gains and losses on cash flow hedges	(932)
AOCI balance, Tax impact	214
AOCI balance	$ (718)

Note 5 - Derivative Instrumen_7

Note 5 - Derivative Instruments and Hedging Activities - Effects of Derivative Instruments on Income and Other Comprehensive Income (OCI) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Expense [Member]
Amount of Gain or (Loss) Recognized in OCI, Net of Tax, on Derivative (Effective Portion)
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	(45)	(64)
Cost of Sales [Member]
Amount of Gain or (Loss) Recognized in OCI, Net of Tax, on Derivative (Effective Portion)	(1,191)	610
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	$ (13)	$ (15)

Note 5 - Derivative Instrumen_8

Note 5 - Derivative Instruments and Hedging Activities - Fair Value Adjustments of Forward Currency Forward Contracts Not Designated as Hedges (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Gain (loss) on settlement	$ (441)	$ 79
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member]
Gain (loss) on settlement		(39)
Gain (loss) on change in fair value		$ 118
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | Maximum [Member]
Gain (loss) on settlement	(93)
Gain (loss) on change in fair value	$ (348)

Note 6 - Goodwill and Other I_3

Note 6 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Goodwill, Ending Balance	$ 115,837		$ 109,818
Goodwill, Impairment Loss	$ 0	$ 0
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	2 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	15 years
Domain Services Operating Segment [Member]
Goodwill, Ending Balance	$ 107,700
Goodwill Percentage Related to Operating Segments	93.00%
Network Access Services [Member]
Goodwill, Ending Balance	$ 8,100
Goodwill Percentage Related to Operating Segments	7.00%

Note 6 - Goodwill and Other I_4

Note 6 - Goodwill and Other Intangible Assets - Acquired Intangible Assets by Major Class (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	[1]
Balances	$ 57,654
Cedar Networks acquisition (Note 4 (b))	5,575
Additions to/(disposals from) domain portfolio, net	(13)	$ (4)
Amortization expense	(3,301)	$ (2,040)
Balances	59,915
Brand [Member]
Balances	9,091
Cedar Networks acquisition (Note 4 (b))
Additions to/(disposals from) domain portfolio, net
Amortization expense	(518)
Balances	8,573
Customer Relationships [Member]
Balances	34,268
Cedar Networks acquisition (Note 4 (b))	4,630
Additions to/(disposals from) domain portfolio, net
Amortization expense	(2,429)
Balances	36,469
Technology-Based Intangible Assets [Member]
Balances	1,516
Cedar Networks acquisition (Note 4 (b))
Additions to/(disposals from) domain portfolio, net
Amortization expense	(327)
Balances	1,189
Network Rights [Member]
Balances	469
Cedar Networks acquisition (Note 4 (b))	945
Additions to/(disposals from) domain portfolio, net
Amortization expense	(27)
Balances	1,387
Surname Domain Names [Member]
Balances	11,166
Cedar Networks acquisition (Note 4 (b))
Additions to/(disposals from) domain portfolio, net	(4)
Amortization expense
Balances	11,162
Direct Navigation Domain Names [Member]
Balances	1,144
Cedar Networks acquisition (Note 4 (b))
Additions to/(disposals from) domain portfolio, net	(9)
Amortization expense
Balances	$ 1,135
[1]	The Company has initially applied ASC 2014-09 (Topic 606) on January 1, 2018 and ASC 2016-02 (Topic 842) on January 1, 2019. Both accounting standards were adopted using the modified retrospective method, under this method the comparative periods were not restated.

Note 6 - Goodwill and Other I_5

Note 6 - Goodwill and Other Intangible Assets - Estimated Future Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Remainder of 2020	$ 8,054
2021	12,152
2022	11,208
2023	9,180
2024	2,644
Thereafter	4,380
Total	$ 47,618	$ 45,344

Note 7 - Loan Payable (Details

Note 7 - Loan Payable (Details Textual) $ in Thousands	Jun. 14, 2019USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	[1]
Payments of Financing Costs, Total		$ 25	$ 205
Royal Bank, Bank of Montreal, Bank of Nova Scotia, HSBC and CIBC [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 240,000
Debt Issuance Costs, Gross	$ 400
Debt Instrument, Term (Year)	4 years
Maximum Total Funded Debt to EBITDA Ratio		3.5
Minimum Fixed Charge Coverage Ratio		3
Percentage of Forecasted Capital Expenditures, Threshold for Annual Capital Expenditures		110.00%
Total Funded Debt to EBITDA Ratio		2
Royal Bank, Bank of Montreal, Bank of Nova Scotia, HSBC and CIBC [Member] | General and Administrative Expense [Member]
Payments of Financing Costs, Total	$ 100
Royal Bank, Bank of Montreal, Bank of Nova Scotia, HSBC and CIBC [Member] | Guaranteed Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	180,000
Royal Bank, Bank of Montreal, Bank of Nova Scotia, HSBC and CIBC [Member] | Accordion Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 60,000
[1]	The Company has initially applied ASC 2014-09 (Topic 606) on January 1, 2018 and ASC 2016-02 (Topic 842) on January 1, 2019. Both accounting standards were adopted using the modified retrospective method, under this method the comparative periods were not restated.

Note 7 - Loan Payable - Schedul

Note 7 - Loan Payable - Schedule of Standby Fees Based on Total Funded Debt to EBITDA Ratio (Details)	3 Months Ended
	Mar. 31, 2020
Debt to EBITDA is Less Than 1 [Member]
Standby fees	0.30%
Debt to EBITDA is Greater Than or Equal to 1 and Less Than 2 [Member]
Standby fees	0.37%
Debt to EBITDA is Greater Than or Equal to 2 and Less Than 2.50 [Member]
Standby fees	0.47%
Debt to EBITDA is Greater Than or Equal to 2.50 [Member]
Standby fees	0.57%
Bank of Montreal and Royal Bank of Canada [Member] | London Interbank Offered Rate (LIBOR) [Member] | Debt to EBITDA is Less Than 1 [Member]
Basis Spread on Variable Rate	1.50%
Bank of Montreal and Royal Bank of Canada [Member] | London Interbank Offered Rate (LIBOR) [Member] | Debt to EBITDA is Greater Than or Equal to 1 and Less Than 2 [Member]
Basis Spread on Variable Rate	1.85%
Bank of Montreal and Royal Bank of Canada [Member] | London Interbank Offered Rate (LIBOR) [Member] | Debt to EBITDA is Greater Than or Equal to 2 and Less Than 2.50 [Member]
Basis Spread on Variable Rate	2.35%
Bank of Montreal and Royal Bank of Canada [Member] | London Interbank Offered Rate (LIBOR) [Member] | Debt to EBITDA is Greater Than or Equal to 2.50 [Member]
Basis Spread on Variable Rate	2.85%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Less Than 1 [Member]
Basis Spread on Variable Rate	0.25%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Greater Than or Equal to 1 and Less Than 2 [Member]
Basis Spread on Variable Rate	0.60%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Greater Than or Equal to 2 and Less Than 2.50 [Member]
Basis Spread on Variable Rate	1.10%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Greater Than or Equal to 2.50 [Member]
Basis Spread on Variable Rate	1.60%

Note 7 - Loan Payable - Sched_2

Note 7 - Loan Payable - Schedule of Loans Payable (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loans payable	$ 113,545	$ 113,503
Less: unamortized debt discount and issuance costs	(855)	(897)
Less: loan payable, current portion
Loan payable, long-term portion	113,545	113,503
Revolver Facility [Member]
Loans payable	$ 114,400	$ 114,400

Note 7 - Loan Payable - Princip

Note 7 - Loan Payable - Principal Repayments (Details) $ in Millions	Mar. 31, 2020USD ($)
Remainder of 2020
2021
2022
2023	114.4
Long-term Debt	$ 114.4

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Income Tax Expense (Benefit), Total	$ 1,101	$ 1,257
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total	3,900	4,100
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	0		$ 0
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit), Total	$ 200	$ 400

Note 9 - Basic and Diluted Ea_3

Note 9 - Basic and Diluted Earnings Per Common Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	138,506	121,300

Note 9 - Basic and Diluted Ea_4

Note 9 - Basic and Diluted Earnings Per Common Share - Earnings Per Common Share - Summary of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net income for the period	$ 2,834	$ 2,799	[1]
Basic weighted average number of common shares outstanding (in shares)	10,612,230	10,634,842
Effect of outstanding stock options (in shares)	101,448	201,055
Diluted weighted average number of shares outstanding (in shares)	10,713,678	10,835,897
Basic earnings per common share (in dollars per share)	$ 0.27	$ 0.26
Diluted earnings per common share (in dollars per share)	$ 0.26	$ 0.26
[1]	The Company has initially applied ASC 2014-09 (Topic 606) on January 1, 2018 and ASC 2016-02 (Topic 842) on January 1, 2019. Both accounting standards were adopted using the modified retrospective method, under this method the comparative periods were not restated.

Note 10 - Revenue 1 (Details Te

Note 10 - Revenue 1 (Details Textual)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Number of Customers	0	0
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Number of Customers	0	0
Minimum [Member]
Domain Services, Purchased Term (Year)	1 year
Finite-Lived Intangible Asset, Useful Life (Year)	2 years
Minimum [Member] | Active Domain Name Contracts [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	1 year
Maximum [Member]
Domain Services, Purchased Term (Year)	10 years
Finite-Lived Intangible Asset, Useful Life (Year)	15 years
Maximum [Member] | Active Domain Name Contracts [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years

Note 10 - Revenue 2 (Details Te

Note 10 - Revenue 2 (Details Textual) - Domain Registration Contracts [Member] - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01	Mar. 31, 2020
Revenue, Remaining Performance Obligation, Percentage	80.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month)	1 year

Note 10 - Revenue - Disaggregat

Note 10 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	[1]
Net Revenues	$ 83,985	$ 78,953
Network Access Services [Member]
Net Revenues	24,456	23,252
Domain Name Services [Member]
Net Revenues	59,529	55,701
Domain Name Services [Member] | Wholesale [Member]
Net Revenues	50,671	46,775
Domain Name Services [Member] | Retail Services [Member]
Net Revenues	8,449	8,642
Domain Name Services [Member] | Portfolio [Member]
Net Revenues	409	284
Mobile Services [Member] | Network Access Services [Member]
Net Revenues	20,148	20,809
Other Services [Member] | Network Access Services [Member]
Net Revenues	4,308	2,443
Domain Services [Member] | Domain Name Services [Member] | Wholesale [Member]
Net Revenues	45,964	42,591
Value Added Services [Member] | Domain Name Services [Member] | Wholesale [Member]
Net Revenues	$ 4,707	$ 4,184
[1]	As a result of the bulk transfers of 2.89 million domain names to Namecheap throughout 2018, recognized revenue for the year ended December 31, 2018 includes $16.9 million, related to previously deferred revenue, a portion of which would have otherwise been recognized after December 31, 2018.

Note 10 - Revenue - Cost of Rev

Note 10 - Revenue - Cost of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Network, other costs	$ 2,416	$ 2,395
Cost of revenue	58,835	56,302
Network Expenses [Member]
Network, other costs	2,416	2,395
Network, depreciation and amortization costs	3,231	1,975
Cost of revenue	5,647	4,370
Network Access Services [Member]
Cost of revenue	11,573	11,812
Network, other costs	538	521
Cost of revenue	14,552	13,798
Network Access Services [Member] | Mobile Services [Member]
Cost of revenue	9,857	10,743
Network Access Services [Member] | Other Services [Member]
Cost of revenue	1,716	1,069
Domain Name Services [Member]
Cost of revenue	41,615	40,120
Network, other costs	1,878	1,874
Cost of revenue	44,283	42,504
Domain Name Services [Member] | Wholesale [Member]
Cost of revenue	37,254	35,633
Domain Name Services [Member] | Retail Services [Member]
Cost of revenue	4,234	4,359
Domain Name Services [Member] | Portfolio [Member]
Cost of revenue	127	128
Domain Name Services [Member] | Domain Services [Member] | Wholesale [Member]
Cost of revenue	36,469	34,839
Domain Name Services [Member] | Value Added Services [Member] | Wholesale [Member]
Cost of revenue	$ 785	$ 794

Note 10 - Revenue - Contract Ba

Note 10 - Revenue - Contract Balances (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Balance, beginning of period	$ 149,303
Deferred revenue	62,871
Recognized revenue	(59,529)
Balance, end of period	$ 152,645

Note 11 - Costs to Obtain and_3

Note 11 - Costs to Obtain and Fulfill a Contract (Details Textual) - Deferred Costs of Acquisition [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Increase (Decrease) in Capitalized Costs	$ 44,400
Capitalized Contract Cost, Amortization	41,600
Capitalized Contract Cost, Impairment Loss	$ 0
Minimum [Member]
Capitalized Contract Cost, Amortization Period (Year)	1 year
Maximum [Member]
Capitalized Contract Cost, Amortization Period (Year)	10 years

Note 11 - Costs to Obtain and_4

Note 11 - Costs to Obtain and Fulfill a Contract - Capitalized Contract Costs Activity (Details) - Deferred Costs of Acquisition [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Balance	$ 109,167
Deferral of costs	44,436
Recognized costs	(41,583)
Balance	$ 112,020

Note 12 - Leases (Details Textu

Note 12 - Leases (Details Textual) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2020	Mar. 31, 2019
Lessee, Operating Lease, Renewal Term (Year)	5 years	5 years
Lessee, Operating Lease, Option to Terminate Term (Year)		1 year
Lessee, Operating Lease, Option to Extend, Amount		$ 600
Lessee, Operating Lease, Lease Not yet Commenced, Future Minimum Payments Due	$ 100	100
Increase (Decrease) in Operating Lease, Right-of-Use Asset		$ 875	$ 4,427
Corporate Office Lease [Member]
Increase (Decrease) in Operating Lease, Right-of-Use Asset	300
Increase (Decrease) in Operating Lease Liability	$ 600
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	20 years	20 years

Note 12 - Leases - Components o

Note 12 - Leases - Components of Lease Expense and Other Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Lease Cost (leases with a total term greater than 12 months)	$ 547	$ 1,071
Short-term Lease Cost (leases with a total term of 12 months or less)	244	124
Variable Lease Cost	128	171
Total Lease Cost	919	1,366
Operating Lease - Operating Cash Flows (Fixed Payments)	559	1,051
Operating Lease - Operating Cash Flows (Liability Reduction)	438	948
New ROU Assets - Operating Leases	$ 875	$ 4,427
Weighted Average Discount Rate	4.03%	5.24%
Weighted Average Remaining Lease Term (Year)	8 years 219 days	8 years 200 days

Note 12 - Leases - Future Minim

Note 12 - Leases - Future Minimum Lease Payments (Details) $ in Thousands	Mar. 31, 2020USD ($)
Remaining of 2020	$ 1,384
2021	1,741
2022	1,662
2023	1,624
2024	1,353
Thereafter	4,954
Total future lease payments	12,718
Less imputed interest	1,937
Total	$ 10,781

Note 13 - Segment Reporting (De

Note 13 - Segment Reporting (Details Textual)	3 Months Ended
	Mar. 31, 2020
Number of Operating Segments	2

Note 13 - Segment Reporting - I

Note 13 - Segment Reporting - Information by Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net Revenues	$ 83,985	$ 78,953	[1]
Cost of revenues	53,188	51,932
Network expenses	2,416	2,395
Depreciation of property and equipment	2,877	1,801
Amortization of intangible assets	354	174
Total cost of revenues	58,835	56,302
Gross Profit	25,150	22,651
Sales and marketing	8,985	8,741
Technical operations and development	2,751	2,523
General and administrative	4,741	4,448
Depreciation of property and equipment	113	124
Amortization of intangible assets	2,947	1,866
Loss (gain) on currency forward contracts	441	(79)
Income from operations	5,172	5,028
Other income (expenses), net	(1,237)	(972)
Income before provision for income taxes	3,935	4,056
Network Access Services [Member]
Net Revenues	24,456	23,252	[1]
Cost of revenues	11,573	11,812
Network expenses	538	521
Depreciation of property and equipment	2,414	1,454
Amortization of intangible assets	27	11
Total cost of revenues	14,552	13,798
Gross Profit	9,904	9,454
Domain Name Services [Member]
Net Revenues	59,529	55,701	[1]
Cost of revenues	41,615	40,120
Network expenses	1,878	1,874
Depreciation of property and equipment	463	347
Amortization of intangible assets	327	163
Total cost of revenues	44,283	42,504
Gross Profit	$ 15,246	$ 13,197
[1]	As a result of the bulk transfers of 2.89 million domain names to Namecheap throughout 2018, recognized revenue for the year ended December 31, 2018 includes $16.9 million, related to previously deferred revenue, a portion of which would have otherwise been recognized after December 31, 2018.

Note 13 - Segment Reporting - S

Note 13 - Segment Reporting - Summary of Property and Equipment by Geographic Region (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Property and equipment	$ 94,289	$ 82,121
CANADA
Property and equipment	2,157	2,319
UNITED STATES
Property and equipment	91,724	79,758
Europe [Member]
Property and equipment	$ 408	$ 44

Note 13 - Segment Reporting -_2

Note 13 - Segment Reporting - Summary of Amortizable Intangible Assets by Geographic Region (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Amortizable intangible assets	$ 47,618	$ 45,344
CANADA
Amortizable intangible assets	4,873	5,207
UNITED STATES
Amortizable intangible assets	$ 42,745	$ 40,137

Note 13 - Segment Reporting -_3

Note 13 - Segment Reporting - Summary of Deferred Tax Asset, Net of Valuation Allowance (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
CANADA
Deferred tax assets

Note 13 - Segment Reporting -_4

Note 13 - Segment Reporting - Summary of Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Balance at beginning of period	$ 131	$ 132
Charged to costs and expenses	64	(1)
Write-offs during period
Balance at end of period	$ 195	$ 131

Note 14 - Stockholders' Equit_2

Note 14 - Stockholders' Equity (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Feb. 12, 2020	Feb. 13, 2019	Feb. 14, 2018
Stock Repurchased and Retired During Period, Value	$ 3,117
Stock Buyback Program 2020 [Member]
Stock Repurchase Program, Authorized Amount			$ 40,000
Stock Repurchased and Retired During Period, Shares (in shares)	66,738
Stock Repurchased and Retired During Period, Value	$ 3,100
Stock Buyback Program 2019 [Member]
Stock Repurchase Program, Authorized Amount				$ 40,000
Stock Repurchased and Retired During Period, Shares (in shares)		0
Stock Buyback Program 2018 [Member]
Stock Repurchase Program, Authorized Amount					$ 40,000
Stock Repurchased and Retired During Period, Shares (in shares)		0

Note 14 - Stockholders' Equit_3

Note 14 - Stockholders' Equity - Stockholders' Equity Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Balances	$ 94,194
Exercise of stock options (in shares)	25,013	29,043
Exercise of stock options	$ 17
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration	(182)
Acquisition of Cedar Holdings Group	2,000
Repurchase and retirement of shares	(3,117)
Stock-based compensation	801
Net income	2,834	$ 2,799	[1]
Other comprehensive income (loss)	(1,191)	$ 610
Balances	$ 95,356
Common Stock [Member]
Balances (in shares)	10,585,159
Balances	$ 16,633
Exercise of stock options (in shares)	25,013
Exercise of stock options	$ 236
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration (in shares)	(13,034)
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration
Acquisition of Cedar Holdings Group (in shares)	32,374
Acquisition of Cedar Holdings Group	$ 2,000
Repurchase and retirement of shares (in shares)	(66,738)
Repurchase and retirement of shares	$ (118)
Stock-based compensation
Other comprehensive income (loss)
Balances (in shares)	10,562,774
Balances	$ 18,751
Additional Paid-in Capital [Member]
Balances	880
Exercise of stock options	(219)
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration	(182)
Acquisition of Cedar Holdings Group
Repurchase and retirement of shares	(1,280)
Stock-based compensation	801
Other comprehensive income (loss)
Balances
Retained Earnings [Member]
Balances	76,208
Exercise of stock options
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration
Acquisition of Cedar Holdings Group
Repurchase and retirement of shares	(1,719)
Stock-based compensation
Net income	2,834
Other comprehensive income (loss)
Balances	77,323
AOCI Attributable to Parent [Member]
Balances	473
Exercise of stock options
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration
Acquisition of Cedar Holdings Group
Repurchase and retirement of shares
Stock-based compensation
Other comprehensive income (loss)	(1,191)
Balances	$ (718)
[1]	The Company has initially applied ASC 2014-09 (Topic 606) on January 1, 2018 and ASC 2016-02 (Topic 842) on January 1, 2019. Both accounting standards were adopted using the modified retrospective method, under this method the comparative periods were not restated.

Note 15 - Share-based Payment_2

Note 15 - Share-based Payments (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 5,800
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 73 days
Share-based Payment Arrangement, Expense	$ 800	$ 500
Share-based Payment Arrangement, Amount Capitalized	$ 0	$ 0

Note 15 - Share-based Payment_3

Note 15 - Share-based Payments - Stock Option Transactions (Details) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Outstanding, Number of shares (in shares)	754,497	702,337
Outstanding, Weighted average exercise price per share (in dollars per share)	$ 49.94	$ 43.80
Granted, Number of shares (in shares)	5,500
Granted, Weighted average exercise price per share (in dollars per share)	$ 47.35
Exercised, Number of shares (in shares)	(25,013)	(29,043)
Exercised, Weighted average exercise price per share (in dollars per share)	$ 20.59	$ 24.63
Forfeited, Number of shares (in shares)	(3,489)	(6,751)
Forfeited, Weighted average exercise price per share (in dollars per share)	$ 61.73	$ 59.40
Expired, Number of shares (in shares)	(1,458)	(1,387)
Expired, Weighted average exercise price per share (in dollars per share)	$ 60.91	$ 60.82
Outstanding, Number of shares (in shares)	730,037	665,156
Outstanding, Weighted average exercise price per share (in dollars per share)	$ 50.85	$ 44.46
Options exercisable, Number of shares (in shares)	349,845	304,007
Options exercisable, Weighted average exercise price per share (in dollars per share)	$ 41.65	$ 29.52

Note 15 - Share-based Payment_4

Note 15 - Share-based Payments - Summary of Exercise Prices, Weighted Average Remaining Contractual Life and Intrinsic Values of Outstanding Options (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Options outstanding, Number outstanding (in shares) | shares	730,037
Options outstanding, Weighted average exercise price per share (in dollars per share)	$ 50.85
Options outstanding, Weighted average remaining contractual life (Year)	4 years 73 days
Options outstanding, Aggregate intrinsic value | $	$ 4,070
Options Exercisable, Number exercisable (in shares) | shares	349,845
Options Exercisable, Weighted average exercise price per share (in dollars per share)	$ 41.65
Options Exercisable, Weighted average remaining contractual life (Year)	3 years 36 days
Options Exercisable, Aggregate intrinsic value | $	$ 4,046
Exercise Price Range 01 [Member]
Exercise price - lower (in dollars per share)	$ 8.56
Exercise price - higher (in dollars per share)	$ 8.56
Options outstanding, Number outstanding (in shares) | shares	15,722
Options outstanding, Weighted average exercise price per share (in dollars per share)	$ 8.56
Options outstanding, Weighted average remaining contractual life (Year)	36 days
Options outstanding, Aggregate intrinsic value | $	$ 624
Options Exercisable, Number exercisable (in shares) | shares	15,722
Options Exercisable, Weighted average exercise price per share (in dollars per share)	$ 8.56
Options Exercisable, Weighted average remaining contractual life (Year)	36 days
Options Exercisable, Aggregate intrinsic value | $	$ 624
Exercise Price Range 02 [Member]
Exercise price - lower (in dollars per share)	$ 10.16
Exercise price - higher (in dollars per share)	$ 19.95
Options outstanding, Number outstanding (in shares) | shares	62,990
Options outstanding, Weighted average exercise price per share (in dollars per share)	$ 16.23
Options outstanding, Weighted average remaining contractual life (Year)	1 year 182 days
Options outstanding, Aggregate intrinsic value | $	$ 2,018
Options Exercisable, Number exercisable (in shares) | shares	62,990
Options Exercisable, Weighted average exercise price per share (in dollars per share)	$ 16.23
Options Exercisable, Weighted average remaining contractual life (Year)	1 year 182 days
Options Exercisable, Aggregate intrinsic value | $	$ 2,018
Exercise Price Range 03 [Member]
Exercise price - lower (in dollars per share)	$ 21.10
Exercise price - higher (in dollars per share)	$ 27.53
Options outstanding, Number outstanding (in shares) | shares	51,250
Options outstanding, Weighted average exercise price per share (in dollars per share)	$ 24.11
Options outstanding, Weighted average remaining contractual life (Year)	1 year 255 days
Options outstanding, Aggregate intrinsic value | $	$ 1,237
Options Exercisable, Number exercisable (in shares) | shares	51,250
Options Exercisable, Weighted average exercise price per share (in dollars per share)	$ 24.11
Options Exercisable, Weighted average remaining contractual life (Year)	1 year 255 days
Options Exercisable, Aggregate intrinsic value | $	$ 1,237
Exercise Price Range 04 [Member]
Exercise price - lower (in dollars per share)	$ 35.25
Exercise price - higher (in dollars per share)	$ 37.35
Options outstanding, Number outstanding (in shares) | shares	14,375
Options outstanding, Weighted average exercise price per share (in dollars per share)	$ 35.89
Options outstanding, Weighted average remaining contractual life (Year)	3 years 73 days
Options outstanding, Aggregate intrinsic value | $	$ 178
Options Exercisable, Number exercisable (in shares) | shares	13,125
Options Exercisable, Weighted average exercise price per share (in dollars per share)	$ 35.95
Options Exercisable, Weighted average remaining contractual life (Year)	3 years 36 days
Options Exercisable, Aggregate intrinsic value | $	$ 162
Exercise Price Range 05 [Member]
Exercise price - lower (in dollars per share)	$ 44.90
Exercise price - higher (in dollars per share)	$ 47
Options outstanding, Number outstanding (in shares) | shares	10,000
Options outstanding, Weighted average exercise price per share (in dollars per share)	$ 46.95
Options outstanding, Weighted average remaining contractual life (Year)	5 years 146 days
Options outstanding, Aggregate intrinsic value | $	$ 13
Options Exercisable, Number exercisable (in shares) | shares	3,750
Options Exercisable, Weighted average exercise price per share (in dollars per share)	$ 47
Options Exercisable, Weighted average remaining contractual life (Year)	4 years
Options Exercisable, Aggregate intrinsic value | $	$ 5
Exercise Price Range 06 [Member]
Exercise price - lower (in dollars per share)	$ 51.82
Exercise price - higher (in dollars per share)	$ 58.65
Options outstanding, Number outstanding (in shares) | shares	337,353
Options outstanding, Weighted average exercise price per share (in dollars per share)	$ 55.53
Options outstanding, Weighted average remaining contractual life (Year)	4 years 73 days
Options outstanding, Aggregate intrinsic value | $
Options Exercisable, Number exercisable (in shares) | shares	176,527
Options Exercisable, Weighted average exercise price per share (in dollars per share)	$ 55.69
Options Exercisable, Weighted average remaining contractual life (Year)	4 years
Options Exercisable, Aggregate intrinsic value | $
Exercise Price Range 07 [Member]
Exercise price - lower (in dollars per share)	$ 61.33
Exercise price - higher (in dollars per share)	$ 64.10
Options outstanding, Number outstanding (in shares) | shares	238,347
Options outstanding, Weighted average exercise price per share (in dollars per share)	$ 62.99
Options outstanding, Weighted average remaining contractual life (Year)	5 years 255 days
Options outstanding, Aggregate intrinsic value | $
Options Exercisable, Number exercisable (in shares) | shares	26,481
Options Exercisable, Weighted average exercise price per share (in dollars per share)	$ 64.10
Options Exercisable, Weighted average remaining contractual life (Year)	5 years 73 days
Options Exercisable, Aggregate intrinsic value | $

Note 16 - Fair Value Measurem_3

Note 16 - Fair Value Measurement - Summary of the Fair Values of the Company's Derivative Instrument Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Derivative instrument asset	$ 172	$ 731
Derivative instrument liability	(1,718)
Fair Value, Recurring [Member]
Derivative instrument asset	542	731
Derivative instrument liability	(1,718)
Total assets (liability)	(1,176)
Total assets		731
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Derivative instrument asset
Derivative instrument liability
Total assets (liability)
Total assets
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative instrument asset	542	731
Derivative instrument liability	(1,718)
Total assets (liability)	(1,176)
Total assets		731
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Derivative instrument asset
Derivative instrument liability
Total assets (liability)
Total assets