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NET EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

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

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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