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Selected Statements of Income Data (Details) - Schedule of computation of basic and diluted net earnings per share - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Computation Of Basic And Diluted Net Earnings Per Share Abstract
Net income attributable to Magic shareholders (in Dollars)	$ 40,470	$ 29,767
Basic earnings per share - weighted average shares outstanding	49,089,044	49,055,082
Effect of dilutive securities	42,267	44,972
Diluted earnings per share – adjusted weighted average shares outstanding	49,131,311	49,100,054
Basic and diluted net earnings per share (in Dollars per share)	$ 0.82	$ 0.61

X

- Definition

The weighted average number of ordinary shares outstanding plus the weighted average number of ordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]

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- Definition

The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).

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The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor.

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Number of shares effect of dilutive securities.

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Net income attributable to magic shareholders.

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