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Consolidated Statements of Changes in Equity - USD ($) $ in Thousands | Share Capital | Additional paid-in capital | Retained earnings | Accumulated other Comprehensive Income (loss) | Non-controlling interests | Total
--- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2020 | $ 1,164 | $ 188,415 | $ 62,673 | $ 7,437 | $ 8,718 | $ 268,407
Balance (in Shares) at Dec. 31, 2020 | 49,035,055 |  |  |  |  |
Net income |  |  | 29,767 |  | 5,572 | 35,339
Other comprehensive income (loss) |  |  |  | 1,827 | 923 | 2,750
Total comprehensive income |  |  | 29,767 | 1,827 | 6,495 | 38,089
Exercise of options | $ 1 | 40 |  |  |  | 41
Exercise of options (in Shares) | 38,000 |  |  |  |  |
Dividend to Magic’s shareholders |  |  | (21,780) |  |  | (21,780)
Dividend to non-controlling interests in subsidiaries |  |  |  |  | (4,233) | (4,233)
Cost of share-based payment |  | 956 |  |  |  | 956
Acquisition of subsidiaries |  |  |  |  | 719 | 719
Settlement of put options over non-controlling interest |  | (5,364) |  |  | (1,279) | (6,643)
Balance at Dec. 31, 2021 | $ 1,165 | 184,047 | 70,660 | 9,264 | 10,420 | 275,556
Balance (in Shares) at Dec. 31, 2021 | 49,073,055 |  |  |  |  |
Net income |  |  | 40,470 |  | 5,809 | 46,279
Other comprehensive income (loss) |  |  |  | (15,823) | (3,276) | (19,099)
Total comprehensive income |  |  | 40,470 | (15,823) | 2,533 | 27,180
Exercise of options | $ 1 |  |  |  |  | 1
Exercise of options (in Shares) | 20,000 |  |  |  |  |
Dividend to Magic’s shareholders |  |  | (24,841) |  |  | (24,841)
Dividend to non-controlling interests in subsidiaries |  |  |  |  | (4,170) | (4,170)
Cost of share-based payment |  | (56) |  |  | 2,135 | 2,079
Acquisition of subsidiaries |  | (721) |  |  | (133) | (854)
Settlement of put options over non-controlling interest |  | (1,239) |  |  | 2,599 | 1,360
Balance at Dec. 31, 2022 | $ 1,166 | 182,031 | 86,289 | (6,559) | 13,384 | 276,311
Balance (in Shares) at Dec. 31, 2022 | 49,093,055 |  |  |  |  |
Net income |  |  | 37,031 |  | 5,471 | 42,502
Other comprehensive income (loss) |  |  |  | (3,755) | (674) | (4,429)
Total comprehensive income |  |  | 37,031 | (3,755) | 4,797 | 38,073
Exercise of options |  | 22 |  |  |  | 22
Exercise of options (in Shares) | 6,250 |  |  |  |  |
Dividend to Magic’s shareholders |  |  | (30,798) |  |  | (30,798)
Dividend to non-controlling interests in subsidiaries |  |  |  |  | (4,055) | (4,055)
Cost of share-based payment |  | (225) |  |  | 4,023 | 3,798
Non-controlling interests arising from initially consolidated companies |  |  |  |  | 3,644 | 3,644
Acquisition of non-controlling interests |  | (67) |  |  | (3,199) | (3,266)
Settlement of put options over non-controlling interest |  | 846 |  |  | 6,369 | 7,215
Balance at Dec. 31, 2023 | $ 1,166 | $ 182,607 | $ 92,522 | $ (10,314) | $ 24,963 | $ 290,944
Balance (in Shares) at Dec. 31, 2023 | 49,099,305 |  |  |  |  |

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