TAXES ON INCOME (Details 5) (USD $)
In Thousands, 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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Income Taxes [Line Items] | ||||||||
Income before taxes, as reported in the consolidated statements of income | $ 18,873us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | $ 18,431us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | $ 16,554us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | |||||
Statutory tax rate | 26.50%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate | 25.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate | 25.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate | |||||
Theoretical tax expenses on the above amount at the Israeli statutory tax rate | 5,001us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes | 4,609us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes | 4,139us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes | |||||
Tax adjustment in respect of different tax rates | 80us-gaap_IncomeTaxReconciliationOtherAdjustments | 484us-gaap_IncomeTaxReconciliationOtherAdjustments | 444us-gaap_IncomeTaxReconciliationOtherAdjustments | |||||
Deferred taxes on losses for which full valuation allowance was provided in the past | 236mgic_IncomeTaxReconciliationDeferredTaxOnLosses | (304)mgic_IncomeTaxReconciliationDeferredTaxOnLosses | 651mgic_IncomeTaxReconciliationDeferredTaxOnLosses | |||||
Changes in valuation allowance | 0us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance | 0us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance | (2,003)us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance | |||||
Tax benefits in respect of prior years, net | (516)us-gaap_IncomeTaxReconciliationPriorYearIncomeTaxes | 203us-gaap_IncomeTaxReconciliationPriorYearIncomeTaxes | (1,126)us-gaap_IncomeTaxReconciliationPriorYearIncomeTaxes | [1] | ||||
Nondeductible expenses | 82us-gaap_IncomeTaxReconciliationNondeductibleExpense | 95us-gaap_IncomeTaxReconciliationNondeductibleExpense | 20us-gaap_IncomeTaxReconciliationNondeductibleExpense | |||||
Uncertain tax position and other differences | (2,576)mgic_IncomeTaxReconciliationUncertainTaxPositionAndOtherDifferences | (3,512)mgic_IncomeTaxReconciliationUncertainTaxPositionAndOtherDifferences | (2,031)mgic_IncomeTaxReconciliationUncertainTaxPositionAndOtherDifferences | [2] | ||||
Income tax (tax benefit) | $ 2,307us-gaap_IncomeTaxExpenseBenefit | $ 1,575us-gaap_IncomeTaxExpenseBenefit | $ 94us-gaap_IncomeTaxExpenseBenefit | |||||
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- Details
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- Definition
The portion of the difference between total income tax expense or benefit as reported in the Income Statement for the current period and the expected income tax expense or benefit computed attributable to deferred taxes on losses for which full valuation allowance was provided in the past. No definition available.
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- Definition
The portion of the difference between total income tax expense or benefit as reported in the Income Statement for the current period and the expected income tax expense or benefit computed attributable to uncertain tax position and other differences. No definition available.
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- Definition
Percentage of domestic federal statutory tax rate applicable to pretax income (loss). 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
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
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to revisions of previously reported income tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to state and local income tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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