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Net Earnings Per Share (Details) - Schedule of computation of basic and diluted net earnings per share - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended
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Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Schedule of computation of basic and diluted net earnings per share [Abstract] |  |  |
Net income attributable to Magic shareholders | $ 25,186 | $ 20,266 | $ 19,883
Accretion of redeemable non-controlling interests | (1,317) | (7,471) | (1,726)
Net income attributable to Magic shareholders after accretion of redeemable non-controlling interests | $ 23,869 | $ 12,795 | $ 18,157
Weighted average Ordinary shares outstanding: |  |  |
Denominator for basic net earnings per share | 49,028,975 | 48,896,163 | 46,665,042
Effect of dilutive securities | 18,682 | 97,920 | 131,648
Denominator for diluted net earnings per share | 49,047,657 | 48,994,083 | 46,796,690
Basic and Diluted earnings per share | $ 0.49 | $ 0.26 | $ 0.39

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- Definition The amount of net income attributable to Magic shareholders after accretion of redeemable non-controlling interests. + References No definition available. + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1337-109256 + Details
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