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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues $ 325,674 $ 289,707 $ 269,194
Cost of revenues 196,153 180,138 175,678
Gross profit 129,521 109,569 93,516
Operating expenses:      
Research and development 37,378 34,414 31,955
Selling, marketing, general and administrative 54,274 52,133 60,559
Total operating expenses 91,652 86,547 92,514
Operating income 37,869 23,022 1,002
Financial expense, net 2,768 3,991 3,010
Income (loss) before taxes on income (tax benefit) 35,101 19,031 (2,008)
Taxes on income (tax benefit) 8,610 5,031 (2,564)
Net income 26,491 14,000 556
Attributed to non-controlling interests 244 215 (189)
Attributed to redeemable non-controlling interest     43
Adjustment to redeemable non-controlling interest     350
Net income attributable to Sapiens' shareholders $ 26,247 $ 13,785 $ 352
Net earnings per share attributable to Sapiens' shareholders      
Basic (in Dollars per share) $ 0.53 $ 0.28 $ 0.01
Diluted (in Dollars per share) $ 0.52 $ 0.28 $ 0.01