Year ended December 31,

2019

2018

2017

Net income attributable to Magic shareholders

$

20,266

$

19,883

$

15,442

Accretion of redeemable non-controlling interests

$

(7,471

)

$

(1,726

)

$

-

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

$

12,795

$

18,157

$

15,442

Weighted average Ordinary shares outstanding:

Denominator for basic net earnings per share

48,896,163

46,665,042

44,435,671

Effect of dilutive securities

97,920

131,648

161,548

Denominator for diluted net earnings per share

48,994,083

46,796,690

44,597,219

Basic and Diluted earnings per share

$

0.26

$

0.39

$

0.35