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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
License $ 12,300 $ 13,204 $ 15,164
Services 173,336 144,246 120,213
Total Revenues 185,636 157,450 135,377
Cost of revenues:      
License 505 883 953
Services 110,687 98,212 84,018
Total cost of revenues 111,192 99,095 84,971
Gross profit 74,444 58,355 50,406
Operating expenses:      
Research and development 10,235 11,352 11,846
Selling, marketing, general and administrative 39,859 32,097 26,677
Total operating expenses 50,094 43,449 38,523
Operating income 24,350 14,906 11,883
Financial income, net 163 124 520
Income before taxes on income 24,513 15,030 12,403
Taxes on income (4,213) (454) (811)
Net income 20,300 14,576 11,592
Attributable to non-controlling interests 59 131 (12)
Attributed to redeemable non-controlling interest 1 (18) 0
Adjustment to redeemable non-controlling interest 224 0 0
Net income attributable to Sapiens' shareholders $ 20,016 $ 14,463 $ 11,604
Net earnings per share attributable to Sapiens' shareholders      
Basic (in dollars per share) $ 0.42 $ 0.31 $ 0.29
Diluted (in dollars per share) $ 0.41 $ 0.3 $ 0.27