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Selected Statements of Income Data
 12 Months Ended
Dec. 31, 2022
Selected Statements of Income Data [Abstract]  
SELECTED STATEMENTS OF INCOME DATA
NOTE 21:-SELECTED STATEMENTS OF INCOME DATA

 

  a. Research and development costs, net:

 

   Year ended
December 31,		 
   2021   2022 
Total costs  $12,188   $13,149 
Less - capitalized software costs   (3,193)   (3,059)
Research and development, net  $8,995   $10,090 

 

b.Selling and marketing expenses:

 

   Year ended
December 31,		 
   2021   2022 
Salary and related expenses  $26,100   $33,474 
Advertising expenses   2,522    2,676 
Cost of share-based payment   956    (56)
Others   8,569    10,763 
Total selling and marketing expenses  $38,147   $46,857 

 

c.General and administrative expenses:

 

   Year ended
December 31,		 
   2021   2022 
Salary and related expenses  $24,072   $21,492 
Subcontractors   3,842    5,335 
Cost of share-based payment   
-
    2,135 
Others   3,308    8,590 
Total general and administrative expenses  $31,222   $37,552 

 

  d. The following table provides detailed breakdown of the Company’s financial income and expenses:

 

  

Year ended
December 31,

 
   2021   2022 
Financial expenses:        
Financial expenses related to liabilities in respect of business combinations  $2,817   $744 
Interest expenses on loans and borrowings   615    1,743 
Interest expenses attributed to leases   719    691 
Bank charges, negative foreign exchange differences and other financial expenses   2,468    2,559 
    6,619    5,737 
Financial income:          
Interest income from deposits, positive foreign exchange differences and other financial income   113    1,392 
    113    1,392 
           
Financial expenses, net  $6,506   $4,345 

 

e.Earnings per share:

 

The following table presents the computation of basic and diluted net earnings per share for the Company:

 

  

Year ended
December 31,

 
   2021   2022 
Numerator:        
Net income attributable to Magic shareholders  $29,767   $40,470 
Denominator:          
Basic earnings per share - weighted average shares outstanding   49,055,082    49,089,044 
Effect of dilutive securities   44,972    42,267 
Diluted earnings per share – adjusted weighted average shares outstanding   49,100,054    49,131,311 
Basic and diluted net earnings per share   0.61    0.82