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Interim Condensed Consolidated Statements of Profit or Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Revenues:          
Proprietary software products and related services $ 91,558 $ 90,358 $ 272,400 $ 250,704 $ 341,350
Software services 270,872 258,271 826,888 737,896 1,013,789
Total revenues 362,430 348,629 1,099,288 988,600 1,355,139
Cost of revenues:          
Proprietary software products and related services 51,903 52,716 154,644 149,075 201,302
Software services 230,337 218,718 700,212 623,513 857,014
Total cost of revenues 282,240 271,434 854,856 772,588 1,058,316
Gross profit 80,190 77,195 244,432 216,012 296,823
Research and development expenses, net 9,891 10,076 31,339 29,459 39,853
Selling, marketing, general and administrative expenses 43,739 45,209 135,954 133,529 184,424
Other income 308
Operating income 26,560 21,910 77,139 53,024 72,854
Financial expenses (4,409) (3,593) (9,106) (17,279) (21,773)
Financial income 304 (12) 1,740 239 606
Group's share of profits (losses) of companies accounted for at equity, net (3) 107 (66) 517 1,124
Income before taxes on income 22,452 18,412 69,707 36,501 52,811
Taxes on income 4,297 5,504 16,020 11,834 13,371
Net income 18,155 12,908 53,687 24,667 39,440
Attributable to:          
Equity holders of the Company 6,780 4,955 21,630 5,754 10,352
Redeemable non-controlling interests 1,591 928 4,702 2,104 3,671
Non-controlling interests 9,784 7,025 27,355 16,809 25,417
Net income $ 18,155 $ 12,908 $ 53,687 $ 24,667 $ 39,440
Net earnings per share attributable to Formula Systems Shareholders          
Basic earnings per share $ 0.46 $ 0.34 $ 1.47 $ 0.4 $ 0.72
Diluted earnings per share $ 0.45 $ 0.33 $ 1.44 $ 0.38 $ 0.68