v2.4.0.6
BUSINESS COMBINATION, SIGNIFICANT TRANSACTION AND SALE OF BUSINESS (Tables)
12 Months Ended
Dec. 31, 2013
Business Acquisition, Pro Forma Information [Table Text Block]
This pro forma financial information is not necessarily indicative of the combined results that would have been attained had the acquisition taken place at the beginning of 2012, nor is it necessarily indicative of future results.
 
 
 
Year ended December 31,
 
 
 
2012
 
2013
 
 
 
Unaudited
 
 
 
 
 
 
 
 
 
Total revenues
 
$
158,132
 
$
170,661
 
Net income attributable to Magic Software Enterprises shareholders
 
$
17,206
 
$
17,098
 
Earnings per share
 
 
 
 
 
 
 
Basic
 
$
0.47
 
$
0.46
 
Diluted
 
$
0.46
 
$
0.46
 
Pilat Europe Limited Ltd and Pilat North America Inc [Member]
 
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities at the date of acquisition:
 
Net assets
 
$
406
 
Intangible assets
 
 
331
 
Goodwill
 
 
496
 
 
 
 
 
 
Total assets acquired
 
$
1,233
 
Valinor Ltd [Member]
 
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities at the date of acquisition:
 
Net assets
 
$
28
 
Intangible assets
 
 
464
 
Goodwill
 
 
1,126
 
 
 
 
 
 
Total assets acquired
 
$
1,618
 
Dario solutions IT Ltd [Member]
 
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities at the date of acquisition:
 
Net Assets
 
$
371
 
Intangible assets
 
 
707
 
Goodwill
 
 
2,645
 
 
 
 
 
 
Total assets acquired
 
$
3,723
 
Comm It Group [Member]
 
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
On May 2013 the company finalized the process of identifying the tangible and intangible assets for its acquisition. The following table summarize the fair value of the assets and liabilities acquired:
 
 
 
As reported
on December
31, 2012
 
Adjustment
 
Modified
 
 
 
 
 
 
 
 
 
 
 
 
Net assets
 
$
1,219
 
$
14
 
$
1,233
 
Non-controlling interest
 
 
(1,880)
 
 
130
 
 
(1,750)
 
Intangible assets
 
 
3,873
 
 
397
 
 
4,270
 
Goodwill
 
 
5,809
 
 
439
 
 
6,248
 
Deferred tax liability, net
 
 
-
 
 
(1,068)
 
 
(1,068)
 
 
 
 
 
 
 
 
 
 
 
 
Net assets acquired
 
$
9,021
 
$
(88)
 
$
8,933
 
Allstates Technical Services, LLC [Member]
 
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities at the date of acquisition:
 
Net Assets
 
$
3,063
 
Intangible assets
 
 
2,874
 
Goodwill
 
 
5,026
 
 
 
 
 
 
Total assets acquired
 
$
10,963
 
App Builder [Member]
 
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed:
 
Net liabilities
 
$
(3,248)
 
Intangible assets
 
 
7,251
 
Goodwill
 
 
8,702
 
 
 
 
 
 
Net assets acquired
 
$
12,705