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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues (Note 19):      
Software $ 19,215 $ 21,598 $ 25,351
Maintenance and technical support 25,631 22,908 22,780
Consulting services 156,800 131,524 116,173
Total revenues 201,646 176,030 164,304
Cost of revenues:      
Software 8,674 7,836 7,646
Maintenance and technical support 2,952 2,466 2,921
Consulting services 121,756 102,919 89,160
Total cost of revenues 133,382 113,221 99,727
Gross profit 68,264 62,809 64,577
Operating costs and expenses:      
Research and development, net (Note 16a) 5,839 4,888 4,750
Selling and marketing 23,776 23,062 24,580
General and administrative 17,562 13,425 14,521
Total operating costs and expenses 47,177 41,375 43,851
Operating income 21,087 21,434 20,726
Financial expense, net (Note 16b) (430) (685) (1,786)
Other income (expense), net 0 8 (67)
Income before taxes on income 20,657 20,757 18,873
Taxes on income (Note 13) 3,949 3,681 2,307
Net income 16,708 17,076 16,566
Net income attributable to redeemable non-controlling interests 4,520 639 425
Net income attributable to non-controlling interests 281 239 621
Net income attributable to Magic Software Enterprises Shareholders $ 11,907 $ 16,198 $ 15,520
Net earnings per share attributable to Magic Software Enterprises' shareholders (Note 18):      
Basic earnings per share $ 0.27 $ 0.37 $ 0.36
Diluted earnings per share $ 0.27 $ 0.36 $ 0.36