CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Revenues (Note 17): | |||
Software | $ 25,351us-gaap_SalesRevenueGoodsNet | $ 23,254us-gaap_SalesRevenueGoodsNet | $ 23,684us-gaap_SalesRevenueGoodsNet |
Maintenance and technical support | 22,780us-gaap_MaintenanceRevenue | 22,685us-gaap_MaintenanceRevenue | 22,384us-gaap_MaintenanceRevenue |
Consulting services | 116,173us-gaap_TechnologyServicesRevenue | 99,019us-gaap_TechnologyServicesRevenue | 80,312us-gaap_TechnologyServicesRevenue |
Total revenues | 164,304us-gaap_SalesRevenueNet | 144,958us-gaap_SalesRevenueNet | 126,380us-gaap_SalesRevenueNet |
Cost of revenues: | |||
Software | 7,646us-gaap_CostOfGoodsSold | 6,648us-gaap_CostOfGoodsSold | 7,439us-gaap_CostOfGoodsSold |
Maintenance and technical support | 2,921us-gaap_CostOfServicesMaintenanceCosts | 2,949us-gaap_CostOfServicesMaintenanceCosts | 3,238us-gaap_CostOfServicesMaintenanceCosts |
Consulting services | 89,160us-gaap_TechnologyServicesCosts | 76,296us-gaap_TechnologyServicesCosts | 62,716us-gaap_TechnologyServicesCosts |
Total cost of revenues | 99,727us-gaap_CostOfGoodsAndServicesSold | 85,893us-gaap_CostOfGoodsAndServicesSold | 73,393us-gaap_CostOfGoodsAndServicesSold |
Gross profit | 64,577us-gaap_GrossProfit | 59,065us-gaap_GrossProfit | 52,987us-gaap_GrossProfit |
Operating costs and expenses: | |||
Research and development, net (Note 14a) | 4,750us-gaap_ResearchAndDevelopmentExpense | 3,706us-gaap_ResearchAndDevelopmentExpense | 2,947us-gaap_ResearchAndDevelopmentExpense |
Selling and marketing | 24,580us-gaap_SellingAndMarketingExpense | 23,066us-gaap_SellingAndMarketingExpense | 22,990us-gaap_SellingAndMarketingExpense |
General and administrative | 14,521us-gaap_GeneralAndAdministrativeExpense | 13,166us-gaap_GeneralAndAdministrativeExpense | 10,642us-gaap_GeneralAndAdministrativeExpense |
Total operating costs and expenses | 43,851us-gaap_OperatingExpenses | 39,938us-gaap_OperatingExpenses | 36,579us-gaap_OperatingExpenses |
Operating income | 20,726us-gaap_OperatingIncomeLoss | 19,127us-gaap_OperatingIncomeLoss | 16,408us-gaap_OperatingIncomeLoss |
Financial income (expense), net (Note 14b) | (1,786)us-gaap_NonoperatingGainsLosses | (684)us-gaap_NonoperatingGainsLosses | 10us-gaap_NonoperatingGainsLosses |
Other income (expense), net | (67)us-gaap_OtherNonoperatingIncomeExpense | (12)us-gaap_OtherNonoperatingIncomeExpense | 136us-gaap_OtherNonoperatingIncomeExpense |
Income before taxes on income | 18,873us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 18,431us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 16,554us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
Taxes on income (Note 12) | 2,307us-gaap_IncomeTaxExpenseBenefit | 1,575us-gaap_IncomeTaxExpenseBenefit | 94us-gaap_IncomeTaxExpenseBenefit |
Net income | 16,566us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 16,856us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 16,460us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest |
Net income attributable to redeemable non-controlling interests | 425us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest | 546us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest | 184us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest |
Net income attributable to non-controlling interests | 621us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 430us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 93us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
Net income attributable to Magic Software Enterprises Shareholders | $ 15,520us-gaap_NetIncomeLoss | $ 15,880us-gaap_NetIncomeLoss | $ 16,183us-gaap_NetIncomeLoss |
Net earnings per share attributable to Magic Software Enterprises' shareholders (Note 16): | |||
Basic and diluted earnings per share (in dollars per share) | $ 0.36us-gaap_EarningsPerShareBasicAndDiluted | $ 0.43us-gaap_EarningsPerShareBasicAndDiluted | $ 0.44us-gaap_EarningsPerShareBasicAndDiluted |
X | ||||||||||
- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Maintenance costs incurred and directly related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Details
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue derived from maintenance services provided under contracts or arrangements with clients. For example, it may include the maintenance of software, plant and equipment, and facilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of gains or losses resulting from nonoperating activities (for example, interest and dividend revenue, property, plant and equipment impairment loss, and so forth). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition
Costs incurred in providing technology services. The services may include training, installation, engineering or consulting. Consulting services often include implementation support, software design or development, or the customization or modification of the licensed software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue from providing technology services. The services may include training, installation, engineering or consulting. Consulting services often include implementation support, software design or development, or the customization or modification of the licensed software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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