Net Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
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

Amount of accretion of redeemable non-controlling interests.

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The amount of net income attributable to Magic shareholders after accretion of redeemable non-controlling interests.

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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.

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The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

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Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

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