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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 88,127 $ 81,915
Short-term bank deposits 289 6,996
Marketable securities 1,238 6,600
Trade receivables (net of allowance of $ 3,967 and $ 3,810 at December 31, 2020 and 2019, respectively) 111,059 96,694
Other accounts receivable and prepaid expenses 10,513 12,845
Total current assets 211,226 205,050
LONG-TERM ASSETS:    
Severance pay fund 4,673 4,013
Deferred tax asset 6,397 2,188
Operating lease right-of-use assets 24,509 14,956
Other long-term receivables 5,507 5,879
PROPERTY AND EQUIPMENT, NET 5,988 3,649
INTANGIBLE ASSETS, NET 53,404 51,128
GOODWILL 135,682 117,743
Total long-term assets 236,160 199,556
Total assets 447,386 404,606
CURRENT LIABILITIES:    
Short term debt 11,529 7,079
Trade payables 14,250 10,990
Accrued expenses and other accounts payable 41,846 32,619
Current maturities of operating lease liabilities 3,413 3,833
Liabilities due to acquisition activities 4,998 3,638
Deferred revenues and customer advances 8,793 8,724
Total current liabilities 84,829 66,883
LONG TERM LIABILITIES:    
Long-term debt 13,352 15,540
Long-term operating lease liabilities 21,109 11,119
Long-term liabilities due to acquisition activities 10,926 8,613
Deferred tax liability 17,639 11,069
Accrued severance pay 5,545 4,770
Total long term liabilities 68,571 51,111
COMMITMENTS AND CONTINGENCIES, see Note 16
REDEEMABLE NON-CONTROLLING INTEREST 24,980 21,915
EQUITY:    
Ordinary shares of NIS 0.1 par value - Authorized: 50,000,000 shares at December 31, 2020 and 2019; Issued and Outstanding: 49,035,055 and 48,939,538 shares at December 31, 2020 and 2019, respectively 1,164 1,161
Additional paid-in capital 211,713 218,647
Accumulated other comprehensive income (loss) 7,835 (324)
Retained earnings 39,720 28,354
Total equity attributable to Magic Software Enterprises shareholders 260,432 247,838
Non-controlling interests 8,574 16,859
Total equity 269,006 264,697
Total liabilities, redeemable non-controlling interest and equity $ 447,386 $ 404,606