Basic and Diluted Net Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 15:- BASIC AND DILUTED NET EARNINGS PER SHARE

	Year ended December 31,
	2017		2018		2019
Numerator (thousands):
Net income attributed to Sapiens' shareholders	$	352	$	13,785	$	26,247
Adjustment to redeemable non-controlling interest		350		-		-
Net income used for earnings per share	$	702	$	13,785	$	26,247
Denominator (thousands):
Denominator for basic earnings per share - weighted average number of common shares, net of treasury stock		49,170		49,827		50,031
Stock options		756		279		622
Denominator for diluted net earnings per share - adjusted weighted average number of shares		49,926		50,106		50,653

The weighted average number of shares related to outstanding anti-dilutive options excluded from the calculations of diluted net earnings per share was 1,282,305, 1,369,514 and 0 for the years 2017, 2018 and 2019, respectively.