Year ended December 31,

2016

2017

2018

Net income attributable to Magic shareholders

$

14,169

$

15,442

$

19,883

Accretion of redeemable non-controlling interests

$

(2,262

)

$

-

$

(1,726

)

Net income attributable to Magic shareholders after accretion of redeemable non-controlling interests

$

11,907

$

15,442

$

18,157

Weighted average Ordinary shares outstanding:

Denominator for basic net earnings per share

44,347,083

44,435,671

46,665,042

Effect of dilutive securities

168,953

161,548

131,648

Denominator for diluted net earnings per share

44,516,036

44,597,219

46,796,690

Basic and Diluted earnings per share

$

0.27

$

0.35

$

0.39