Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 95,881	$ 86,795
Short-term investments	184,489	178,479
Restricted cash	5,608	3,674
Accounts receivable, net	164,752	135,705
Prepaid expenses	11,326	9,781
Advance income tax, net	9,639	8,801
Other current assets	28,240	29,582
Total current assets	499,935	452,817
Property and equipment, net	73,510	66,757
Restricted cash	2,642	3,808
Deferred tax assets, net	6,602	9,280
Intangible assets, net	95,495	48,958
Goodwill	349,984	204,481
Other assets	31,015	36,369
Investment in equity affiliate	2,753	3,000
Total assets	1,061,936	825,470
Current liabilities:
Accounts payable	5,653	5,918
Current portion of long-term borrowings	21,423	10,318
Deferred revenue	7,722	10,716
Accrued employee costs	54,893	55,664
Accrued expenses and other current liabilities	64,169	61,366
Income taxes payable	1,012	0
Current portion of capital lease obligations	223	267
Total current liabilities	155,095	144,249
Long term borrowings	263,241	50,391
Capital lease obligations, less current portion	315	331
Income taxes payable	0	13,557
Deferred tax liabilities, net	8,445	695
Other non-current liabilities	16,521	16,202
Total liabilities	443,617	225,425
Commitments and contingencies (Refer to Note 26)
Preferred stock, $0.001 par value; 15,000,000 shares authorized, none issued	0	0
ExlService Holdings, Inc. Stockholders’ equity:
Common stock, $0.001 par value; 100,000,000 shares authorized, 37,850,544 shares issued and 34,222,476 shares outstanding as of December 31, 2018 and 36,790,751 shares issued and 33,888,733 shares outstanding as of December 31, 2017	38	37
Additional paid-in capital	364,179	322,246
Retained earnings	484,244	427,064
Accumulated other comprehensive loss	(83,467)	(45,710)
Total including shares held in treasury	764,994	703,637
Less: 3,628,068 shares as of December 31, 2018 and 2,902,018 shares as of December 31, 2017, held in treasury, at cost	(146,925)	(103,816)
Stockholders' equity	618,069	599,821
Non-controlling interest	250	224
Total equity	618,319	600,045
Total liabilities and equity	$ 1,061,936	$ 825,470