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NET EARNINGS PER SHARE
 12 Months Ended
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