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NET EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2011
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] |
NOTE 17:- | NET EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted net earnings per share:
|  | Year ended December 31, |
|  | 2009 |  |  | 2010 |  |  | 2011 |
Numerator for basic and diluted earnings per share - net income available to Magic shareholders |  | $ | 6,176 |  |  | $ | 9,375 |  |  | $ | 15,044 |
Weighted average Ordinary shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic net earnings per share |  |  | 31,899,198 |  |  |  | 32,139,686 |  |  |  | 36,267,739 |
Effect of dilutive securities |  |  | 208,089 |  |  |  | 591,360 |  |  |  | 777,968 |
Denominator for diluted net earnings per share |  |  | 32,107,287 |  |  |  | 32,731,046 |  |  |  | 37,045,707 |
Basic earnings per share |  | $ | 0.19 |  |  | $ | 0.29 |  |  | $ | 0.41 |
Diluted earnings per share |  | $ | 0.19 |  |  | $ | 0.29 |  |  | $ | 0.41 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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