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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and Cash Equivalents, at Carrying Value $ 76,076 $ 75,314
Short-term bank deposits 732 2
Marketable securities (Note 4) 14,138 12,506
Trade receivables (net of allowance for doubtful accounts of $ 2,160 and $ 3,852 at December 31, 2016 and 2017, respectively) 82,051 62,047
Other accounts receivable and prepaid expenses (Note 6) 8,643 8,487
Total current assets 181,640 158,356
LONG-TERM RECEIVABLES:    
Severance pay fund 3,226 2,568
Deferred tax asset (Note 13) 2,990 3,548
Other long-term receivables 2,015 1,680
Total long-term receivables 8,231 7,796
PROPERTY AND EQUIPMENT, NET (Note 7) 3,468 3,065
INTANGIBLE ASSETS, NET (Note 8) 51,011 56,180
GOODWILL (Note 9) 98,189 91,002
Total assets 342,539 316,399
CURRENT LIABILITIES:    
Short term debt (Note 10) 9,771 5,645
Trade payables 12,185 8,393
Accrued expenses and other accounts payable (Note 11) 27,789 20,290
Liabilities due to acquisition activities 3,906 6,478
Deferred revenues and customer advances 5,586 3,882
Total current liabilities 59,237 44,688
LONG TERM LIABILITIES:    
Long term debt (Note 12) 27,814 29,756
Long term liabilities due to acquisition activities (Note 3) 581 3,379
Deferred tax liability (Note 13) 11,331 12,494
Accrued severance pay 4,174 3,443
Total noncurrent liabilities 43,900 49,072
COMMITMENTS AND CONTINGENCIES (Note 17)
REDEEMABLE NON-CONTROLLING INTEREST (Note 2) 25,839 25,998
EQUITY (Note 14):    
Ordinary shares of NIS 0.1 par value - Authorized: 50,000,000 shares at December 31, 2016 and 2017; Issued and Outstanding: 44,355,770 and 44,488,578 shares at December 31, 2016 and 2017, respectively 1,040 1,036
Additional paid-in capital 183,445 182,785
Accumulated other comprehensive income (loss) 83 (7,428)
Retained earnings 25,713 19,825
Total equity attributable to Magic Software Enterprises shareholders 210,281 196,218
Non-controlling interests 3,282 423
Total equity 213,563 196,641
Total liabilities, redeemable non-controlling interest and equity $ 342,539 $ 316,399