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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 81,915 $ 87,126
Short-term bank deposits 6,996 16,881
Marketable securities 6,600 9,913
Trade receivables (net of allowance for doubtful accounts of $ 3,810 and $ 2,992 at December 31, 2019 and 2018, respectively) 96,694 90,274
Other accounts receivable and prepaid expenses 12,845 7,029
Total current assets 205,050 211,223
LONG-TERM ASSETS:    
Severance pay fund 4,013 3,284
Deferred tax asset 2,188 1,858
Operating lease right-of-use assets 14,956
Other long-term receivables 5,879 6,363
PROPERTY AND EQUIPMENT, NET 3,649 3,072
INTANGIBLE ASSETS, NET 51,128 41,479
GOODWILL 117,743 95,006
Total long-term assets 199,556 151,062
Total assets 404,606 362,285
CURRENT LIABILITIES:    
Short term debt 7,079 8,661
Trade payables 10,990 14,036
Accrued expenses and other accounts payable 32,619 24,458
Current maturities of operating lease liabilities 3,833
Liabilities due to acquisition activities 3,638 910
Deferred revenues and customer advances 8,724 4,857
Total current liabilities 66,883 52,922
LONG TERM LIABILITIES:    
Long-term debt 15,540 19,388
Long-term operating lease liabilities 11,119
Long-term liabilities due to acquisition activities 8,613 94
Deferred tax liability 11,069 10,343
Accrued severance pay 4,770 3,934
Total long term liabilities 51,111 33,759
COMMITMENTS AND CONTINGENCIES, see Note 16
REDEEMABLE NON-CONTROLLING INTEREST 21,915 27,235
EQUITY:    
Ordinary shares of NIS 0.1 par value - Authorized: 50,000,000 shares at December 31, 2019 and 2018; Issued and Outstanding: 48,939,538 and 48,861,038 shares at December 31, 2019 and 2018, respectively 1,161 1,159
Additional paid-in capital 218,647 218,400
Accumulated other comprehensive income (loss) (324) (6,125)
Retained earnings 28,354 30,522
Total equity attributable to Magic Software Enterprises shareholders 247,838 243,956
Non-controlling interests 16,859 4,413
Total equity 264,697 248,369
Total liabilities, redeemable non-controlling interest and equity $ 404,606 $ 362,285