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