Year ended December 31,

2020

2019

2018

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