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Net Earnings Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

NET EARNINGS PER SHARE

NOTE 17:- NET EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted net earnings per share:

		Year ended December 31,
		2021				2020				2019
Net income attributable to Magic shareholders		$	29,322			$	25,186			$	20,266
Accretion of redeemable non-controlling interests		$	(4,026	)		$	(1,317	)		$	(7,471	)
Net income attributable to Magic shareholders after accretion of redeemable non-controlling interests		$	25,296			$	23,869			$	12,795
Weighted average Ordinary shares outstanding:
Denominator for basic net earnings per share			49,055,082				49,028,975				48,896,163
Effect of dilutive securities			44,972				18,682				97,920
Denominator for diluted net earnings per share			49,100,054				49,047,657				48,994,083
Basic and Diluted earnings per share		$	0.52			$	0.49			$	0.26

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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