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NET EARNINGS PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2015
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:
|  | Year ended December 31, |
|  | 2013 |  | 2014 |  | 2015 |
Numerator for basic and diluted earnings per share - net income available to Magic shareholders |  | $ | 15,880 |  | $ | 15,520 |  | $ | 16,198 |
Weighted average ordinary shares outstanding: |  |  |  |  |  |  |  |  |  |
Denominator for basic net earnings per share |  |  | 36,835,163 |  |  | 43,287,523 |  |  | 44,247,556 |
Effect of dilutive securities |  |  | 458,753 |  |  | 17,291 |  |  | 204,510 |
Denominator for diluted net earnings per share |  |  | 37,293,916 |  |  | 43,304,814 |  |  | 44,452,066 |
Basic earnings per share |  | $ | 0.43 |  | $ | 0.36 |  | $ | 0.37 |
Diluted earnings per share |  | $ | 0.43 |  | $ | 0.36 |  | $ | 0.36 |

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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 + Details
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