NET EARNINGS PER SHARE (Details) (USD $)
In Thousands, except Share data, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Numerator for basic and diluted earnings per share - net income available to Magic shareholders | $ 15,880 | $ 16,183 | $ 15,044 |
Weighted average ordinary shares outstanding: | |||
Denominator for basic net earnings per share | 36,835,163 | 36,502,264 | 36,267,739 |
Effect of dilutive securities | 458,753 | 605,406 | 777,968 |
Denominator for diluted net earnings per share | 37,293,916 | 37,107,670 | 37,045,707 |
Basic and diluted earnings per share (in dollars per share) | $ 0.43 | $ 0.44 | $ 0.41 |