XML 19 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues (Note 19):      
Software $ 21,644 $ 19,626 $ 21,598
Maintenance and technical support 30,386 25,885 22,908
Consulting services 206,110 156,135 131,524
Total revenues 258,140 201,646 176,030
Cost of revenues:      
Software 9,564 8,674 7,836
Maintenance and technical support 3,888 2,952 2,466
Consulting services 161,709 121,756 102,919
Total cost of revenues 175,161 133,382 113,221
Gross profit 82,979 68,264 62,809
Operating costs and expenses:      
Research and development, net (Note 16a) 6,942 5,839 4,888
Selling and marketing 27,244 23,776 23,062
General and administrative 22,837 17,562 13,425
Total operating costs and expenses 57,023 47,177 41,375
Operating income 25,956 21,087 21,434
Financial expense, net (Note 16b) 1,711 430 685
Other income, net 8
Income before taxes on income 24,245 20,657 20,757
Taxes on income (Note 13) 6,331 3,949 3,681
Net income 17,914 16,708 17,076
Net income attributable to redeemable non-controlling interests 1,536 4,520 639
Net income attributable to non-controlling interests 936 281 239
Net income attributable to Magic Software Enterprises Shareholders $ 15,442 $ 11,907 $ 16,198
Net earnings per share attributable to Magic Software Enterprises' shareholders (Note 18):      
Basic earnings per share $ 0.35 $ 0.27 $ 0.37
Diluted earnings per share $ 0.35 $ 0.27 $ 0.36