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Net Earnings Per Share

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

NET EARNINGS PER SHARE

NOTE 8:- NET EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted net earnings per share:

			Six months ended June 30,
			2018				2017
			Unaudited
	Net income attributable to Magic shareholders		$	10,298			$	7,847
	Accretion of redeemable non-controlling interests			(235	)			-
	Net income attributable to Magic shareholders after accretion of redeemable non-controlling interests			10,063				7,847
	Shares used to compute basic earnings per share			44,489,047				44,409,945
	Effect of dilutive securities			143,897				165,657
	Shares used to compute diluted earnings per share			44,632,944				44,575,602
	Basic earnings per share		$	0.23			$	0.18
	Diluted earnings per share		$	0.23			$	0.18

The total weighted average number of Ordinary shares related to the outstanding options excluded from the calculations of diluted earnings per share, since their effect was anti-dilutive, was 0 and 4,186 for the six months ended June 30, 2018 and 2017, respectively.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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