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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Revenues $ 461,035 $ 382,903 $ 325,674
Cost of revenues 273,191 226,929 196,153
Gross profit 187,844 155,974 129,521
Operating expenses:      
Research and development 54,013 41,358 37,378
Selling, marketing, general and administrative 76,343 69,613 54,274
Total operating expenses 130,356 110,971 91,652
Operating income 57,488 45,003 37,869
Financial expense, net 202 3,805 2,768
Income before taxes on income 57,286 41,198 35,101
Taxes on income 9,964 7,041 8,610
Net income 47,322 34,157 26,491
Attributed to non-controlling interests 151 382 244
Net income attributable to Sapiens’ shareholders $ 47,171 $ 33,775 $ 26,247
Net earnings per share attributable to Sapiens’ shareholders      
Basic (in Dollars per share) $ 0.86 $ 0.67 $ 0.53
Diluted (in Dollars per share) $ 0.85 $ 0.65 $ 0.52