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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Software $ 28,084 $ 25,454 $ 21,644
Maintenance and technical support 30,996 30,951 30,386
Consulting services 266,550 227,970 206,110
Total revenues 325,630 284,375 258,140
Cost of revenues:      
Software 10,220 9,960 9,564
Maintenance and technical support 4,167 4,120 3,888
Consulting services 209,114 181,477 161,709
Total cost of revenues 223,501 195,557 175,161
Gross profit 102,129 88,818 82,979
Operating costs and expenses:      
Research and development, net 8,239 5,696 6,942
Selling and marketing 30,454 27,197 27,244
General and administrative 29,784 24,227 22,837
Total operating costs and expenses 68,477 57,120 57,023
Operating income 33,652 31,698 25,956
Financial income (expenses), net (1,180) 149 (1,711)
Income before taxes on income 32,472 31,847 24,245
Taxes on income 6,874 7,071 6,331
Net income 25,598 24,776 17,914
Net income attributable to redeemable non-controlling interests 3,111 3,383 1,536
Net income attributable to non-controlling interests 2,221 1,510 936
Net income attributable to Magic Software Enterprises shareholders $ 20,266 $ 19,883 $ 15,442
Net earnings per share attributable to Magic Software Enterprises' shareholders:      
Basic and Diluted earnings per share $ 0.26 $ 0.39 $ 0.35