Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 84,842	$ 95,881
Short-term investments	168,204	184,489
Restricted cash	4,098	5,608
Accounts receivable, net	180,680	164,752
Prepaid expenses	11,616	11,326
Advance income tax, net	7,906	9,639
Other current assets	31,729	28,240
Total current assets	489,075	499,935
Property and equipment, net	78,083	73,510
Operating lease right-of-use assets	93,162
Restricted cash	2,507	2,642
Deferred tax assets, net	4,200	6,602
Intangible assets, net	84,402	95,495
Goodwill	350,220	349,984
Other assets	33,194	31,015
Investment in equity affiliate	2,624	2,753
Total assets	1,137,467	1,061,936
Current liabilities:
Accounts payable	3,269	5,653
Current portion of long-term borrowings	20,885	21,423
Deferred revenue	11,790	7,722
Accrued employee costs	42,967	54,893
Accrued expenses and other current liabilities	65,007	64,169
Current portion of operating lease liabilities	23,439
Income taxes payable	604	1,012
Current portion of finance lease obligations	279	223
Total current liabilities	168,240	155,095
Long term borrowings	231,409	263,241
Finance lease obligations, less current portion	474	315
Deferred tax liabilities, net	6,366	8,445
Operating lease liabilities, less current portion	80,531
Other non-current liabilities	9,094	16,521
Total liabilities	496,114	443,617
Commitments and contingencies (Refer 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, 38,295,083 shares issued and 34,206,324 shares outstanding as of June 30, 2019 and 37,850,544 shares issued and 34,222,476 shares outstanding as of December 31, 2018	38	38
Additional paid-in capital	378,633	364,179
Retained earnings	511,503	484,244
Accumulated other comprehensive loss	(74,358)	(83,467)
Total including shares held in treasury	815,816	764,994
Less: 4,088,759 shares as of June 30, 2019 and 3,628,068 shares as of December 31, 2018, held in treasury, at cost	(174,463)	(146,925)
Stockholders’ equity	641,353	618,069
Non-controlling interest	0	250
Total equity	641,353	618,319
Total liabilities and equity	$ 1,137,467	$ 1,061,936