v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 72,515us-gaap_CashAndCashEquivalentsAtCarryingValue $ 35,134us-gaap_CashAndCashEquivalentsAtCarryingValue
Available-for-sale marketable securities (Note 4) 11,915us-gaap_AvailableForSaleSecuritiesCurrent 854us-gaap_AvailableForSaleSecuritiesCurrent
Trade receivables (net of allowance for doubtful accounts of $ 3,313 and $ 2,380 at December 31, 2013 and 2014, respectively) 40,358us-gaap_AccountsReceivableNetCurrent 31,976us-gaap_AccountsReceivableNetCurrent
Other accounts receivable and prepaid expenses (Note 6) 3,973us-gaap_PrepaidExpenseAndOtherAssetsCurrent 5,209us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 128,761us-gaap_AssetsCurrent 73,173us-gaap_AssetsCurrent
LONG-TERM RECEIVABLES:    
Severance pay fund 1,426mgic_SeverancePayFund 403mgic_SeverancePayFund
Long term deferred tax asset (Note 12) 1,583us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent 1,674us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent
Other long-term receivables 2,376us-gaap_OtherReceivables 2,118us-gaap_OtherReceivables
Total long-term receivables 5,385us-gaap_LongTermAccountsNotesAndLoansReceivableNetNoncurrent 4,195us-gaap_LongTermAccountsNotesAndLoansReceivableNetNoncurrent
PROPERTY AND EQUIPMENT, NET (Note 7) 2,005us-gaap_PropertyPlantAndEquipmentNet 1,773us-gaap_PropertyPlantAndEquipmentNet
INTANGIBLE ASSETS, NET (Note 8) 32,543us-gaap_IntangibleAssetsNetExcludingGoodwill 32,549us-gaap_IntangibleAssetsNetExcludingGoodwill
GOODWILL (Note 9) 55,490us-gaap_Goodwill 55,313us-gaap_Goodwill
Total assets 224,184us-gaap_Assets 167,003us-gaap_Assets
LIABILITIES AND EQUITY    
Short term debt (Note 11) 2,853us-gaap_ShortTermBorrowings 1,055us-gaap_ShortTermBorrowings
Trade payables 3,861us-gaap_AccountsPayableTradeCurrent 4,149us-gaap_AccountsPayableTradeCurrent
Accrued expenses and other accounts payable (Note 10) 15,013us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 16,937us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Deferred tax liability (Note 12) 760us-gaap_DeferredTaxLiabilitiesCurrent 2,567us-gaap_DeferredTaxLiabilitiesCurrent
Deferred revenues 3,431us-gaap_DeferredRevenueCurrent 3,294us-gaap_DeferredRevenueCurrent
Total current liabilities 25,918us-gaap_LiabilitiesCurrent 28,002us-gaap_LiabilitiesCurrent
ACCRUED SEVERANCE PAY 2,562us-gaap_SupplementalUnemploymentBenefitsSeveranceBenefits 1,275us-gaap_SupplementalUnemploymentBenefitsSeveranceBenefits
LONG TERM LIABILITIES:    
Long term debt (Note 11) 490us-gaap_LongTermDebt 2,274us-gaap_LongTermDebt
Liabilities due to acquisition activities and other (Note 3) 474us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability 1,396us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability
Long term deferred tax liability (Note 12) 4,086us-gaap_DeferredTaxLiabilitiesNoncurrent 2,204us-gaap_DeferredTaxLiabilitiesNoncurrent
Total noncurrent liabilities 5,050us-gaap_LiabilitiesNoncurrent 5,874us-gaap_LiabilitiesNoncurrent
COMMITMENTS AND CONTINGENCIES (Note 15)      
REDEEMABLE NON-CONTROLLING INTEREST 2,930us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount 2,721us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount
EQUITY (Note 13):    
Ordinary shares of NIS 0.1 par value - Authorized: 50,000,000 shares at December 31, 2013 and 2014; Issued and Outstanding: 37,155,355 and 44,174,217 shares at December 31, 2013 and 2014, respectively 1,029us-gaap_CommonStockValue 826us-gaap_CommonStockValue
Additional paid-in capital 182,114us-gaap_AdditionalPaidInCapitalCommonStock 127,060us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated other comprehensive loss (5,347)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (172)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Accumulated (deficit) earnings 7,269us-gaap_RetainedEarningsAccumulatedDeficit 430us-gaap_RetainedEarningsAccumulatedDeficit
Total Magic Software Enterprises equity 185,065us-gaap_StockholdersEquity 128,144us-gaap_StockholdersEquity
Non-controlling interests 2,659us-gaap_MinorityInterest 987us-gaap_MinorityInterest
Total equity 187,724us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 129,131us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities, redeemable non-controlling interest and equity $ 224,184us-gaap_LiabilitiesAndStockholdersEquity $ 167,003us-gaap_LiabilitiesAndStockholdersEquity