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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 62,188 $ 72,515
Short-term bank deposits 2,677 0
Available-for-sale marketable securities (Note 4) 11,819 11,915
Trade receivables (net of allowance for doubtful accounts of $ 2,380 and $ 1,885 at December 31, 2014 and 2015, respectively) 52,374 40,358
Other accounts receivable and prepaid expenses (Note 6) 6,244 3,419
Total current assets 135,302 128,207
LONG-TERM RECEIVABLES:    
Severance pay fund 1,454 1,426
Long term deferred tax asset (Note 12) 2,823 2,137
Other long-term receivables 1,088 2,376
Total long-term receivables 5,365 5,939
PROPERTY AND EQUIPMENT, NET (Note 7) 2,296 2,005
INTANGIBLE ASSETS, NET (Note 8) 33,575 32,543
Goodwill 63,308 55,490
Total assets 239,846 224,184
CURRENT LIABILITIES:    
Short term debt (Note 11) 13 2,853
Trade payables 6,331 3,861
Accrued expenses and other accounts payable (Note 10) 17,921 15,013
Deferred revenues 4,092 3,431
Total current liabilities 28,357 25,158
ACCRUED SEVERANCE PAY 2,616 2,562
LONG TERM LIABILITIES:    
Long term debt (Note 11) 3,257 490
Liabilities due to acquisition activities and other (Note 3) 1,039 474
Long term deferred tax liability (Note 12) 5,726 4,846
Total noncurrent liabilities $ 10,022 $ 5,810
COMMITMENTS AND CONTINGENCIES (Note 16)
REDEEMABLE NON-CONTROLLING INTEREST (Note 2) $ 5,745 $ 2,930
EQUITY (Note 13):    
Ordinary shares of NIS 0.1 par value - Authorized: 50,000,000 shares at December 31, 2014 and 2015; Issued and Outstanding: 44,174,217 and 44,335,220 shares at December 31, 2014 and 2015, respectively 1,035 1,029
Additional paid-in capital 180,989 182,114
Accumulated other comprehensive loss (6,695) (5,347)
Accumulated earnings 15,679 7,269
Total equity attributable to Magic Software Enterprises shareholders 191,008 185,065
Non-controlling interests 2,098 2,659
Total equity 193,106 187,724
Total liabilities, redeemable non-controlling interest and equity $ 239,846 $ 224,184