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Condensed Interim Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 78,220 $ 76,076
Short-term bank deposits 1,099 732
Marketable securities (Note 4) 11,919 14,138
Trade receivables (net of allowance for doubtful accounts of $ 3,710 and $ 3,852 at June 30, 2018 and December 31, 2017, respectively) 81,165 82,051
Other accounts receivable and prepaid expenses 10,874 8,643
Total current assets 183,277 181,640
LONG-TERM RECEIVABLES:    
Severance pay fund 3,101 3,226
Deferred tax assets 3,017 2,990
Other long-term receivables 4,607 2,015
Total long-term receivables 10,725 8,231
PROPERTY AND EQUIPMENT, NET 3,191 3,468
INTANGIBLE ASSETS, NET 45,901 51,011
GOODWILL 95,897 98,189
Total assets 338,991 342,539
CURRENT LIABILITIES:    
Short-term debt 9,316 9,771
Trade payables 13,026 12,185
Accrued expenses and other accounts payable 26,244 27,789
Liabilities due to acquisition activities 1,080 3,906
Deferred revenues and customer advances 9,082 5,586
Total current liabilities 58,748 59,237
LONG TERM LIABILITIES:    
Long-term debt 25,491 27,814
Long-term liabilities due to acquisition activities 108 581
Deferred tax liabilities 10,937 11,331
Accrued severance pay 3,856 4,174
Total long-term liabilities 40,392 43,900
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NON-CONTROLLING INTEREST (Note 2) 25,615 25,839
EQUITY:    
Ordinary shares of NIS 0.1 par value - Authorized: 50,000,000 shares at June 30, 2018 and December 31, 2017; Issued and Outstanding: 44,489,203 and 44,488,578 shares at June 30, 2018 and December 31, 2017, respectively 1,040 1,040
Additional paid-in capital 183,455 183,445
Accumulated other comprehensive income (loss) (4,212) 83
Retained earnings 29,993 25,713
Total equity attributable to Magic Software Enterprises' shareholders 210,276 210,281
Non-controlling interests 3,960 3,282
Total equity 214,236 213,563
Total liabilities, redeemable non-controlling interest and equity $ 338,991 $ 342,539