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NET EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 8:-      NET EARNINGS PER SHARE
 
The following table sets forth the computation of basic and diluted net earnings per share:
 
 
 
Six months ended June 30,
 
 
 
2013
 
2012
 
 
 
Unaudited
 
 
 
 
 
 
 
 
 
Numerator for basic and diluted earnings per share - net income available to
    Magic shareholders
 
$
7,001
 
$
7,815
 
Weighted average ordinary shares outstanding:
 
 
 
 
 
 
 
Denominator for basic net earnings per share
 
 
36,691,325
 
 
36,457,707
 
Effect of dilutive securities
 
 
473,675
 
 
705,529
 
 
 
 
 
 
 
 
 
Denominator for diluted net earnings per share
 
 
37,165,000
 
 
37,163,236
 
 
 
 
 
 
 
 
 
Basic and diluted earnings per share
 
$
0.19
 
$
0.21