v2.4.1.9
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
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