NOTE 16:- | NET EARNINGS PER SHARE | The following table sets forth the computation of basic and diluted net earnings per share: | Year ended December 31, | | | 2011 | | 2012 | | 2013 | | | | | | | | | | | | Numerator for basic and diluted earnings per share - net income available to Magic shareholders | $ | 15,044 | | $ | 16,183 | | $ | 15,880 | | | | | | | | | | | | Weighted average ordinary shares outstanding: | | | | | | | | | | | | | | | | | | | | Denominator for basic net earnings per share | | 36,267,739 | | | 36,502,264 | | | 36,835,163 | | Effect of dilutive securities | | 777,968 | | | 605,406 | | | 458,753 | | | | | | | | | | | | Denominator for diluted net earnings per share | | 37,045,707 | | | 37,107,670 | | | 37,293,916 | | | | | | | | | | | | Basic and diluted earnings per share | $ | 0.41 | | $ | 0.44 | | $ | 0.43 | | |