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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 87,126 $ 76,076
Short-term bank deposits 16,881 732
Marketable securities (Note 4) 9,913 14,138
Trade receivables (net of allowance for doubtful accounts of $ 3,852 and $ 2,992 at December 31, 2017 and 2018, respectively) 90,274 82,051
Other accounts receivable and prepaid expenses (Note 6) 7,029 8,643
Total current assets 211,223 181,640
LONG-TERM RECEIVABLES:    
Severance pay fund 3,284 3,226
Deferred tax asset (Note 13) 1,858 2,990
Other long-term receivables 6,363 2,015
Total long-term receivables 11,505 8,231
PROPERTY AND EQUIPMENT, NET (Note 7) 3,072 3,468
INTANGIBLE ASSETS, NET (Note 8) 41,479 51,011
GOODWILL (Note 9) 95,006 98,189
Total assets 362,285 342,539
CURRENT LIABILITIES:    
Short term debt (Note 10) 8,661 9,771
Trade payables 14,036 12,185
Accrued expenses and other accounts payable (Note 11) 24,458 27,789
Liabilities due to acquisition activities 910 3,906
Deferred revenues and customer advances 4,857 5,586
Total current liabilities 52,922 59,237
LONG TERM LIABILITIES:    
Long term debt (Note 12) 19,388 27,814
Long term liabilities due to acquisition activities (Note 3) 94 581
Deferred tax liability (Note 13) 10,343 11,331
Accrued severance pay 3,934 4,174
Total noncurrent liabilities 33,759 43,900
COMMITMENTS AND CONTINGENCIES (Note 16)
REDEEMABLE NON-CONTROLLING INTEREST (Note 2) 27,235 25,839
EQUITY (Note 14):    
Ordinary shares of NIS 0.1 par value - Authorized: 50,000,000 shares at December 31, 2017 and 2018; Issued and Outstanding: 44,488,578 and 48,861,038 shares at December 31, 2017 and 2018, respectively 1,159 1,040
Additional paid-in capital 218,400 183,445
Accumulated other comprehensive income (loss) (6,125) 83
Retained earnings 30,522 25,713
Total equity attributable to Magic Software Enterprises shareholders 243,956 210,281
Non-controlling interests 4,413 3,282
Total equity 248,369 213,563
Total liabilities, redeemable non-controlling interest and equity $ 362,285 $ 342,539