Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 119,165	$ 95,881
Short-term investments	202,238	184,489
Restricted cash	5,453	5,608
Accounts receivable, net	171,864	164,752
Prepaid expenses	13,246	11,326
Advance income tax, net	4,698	9,639
Other current assets	24,594	28,240
Total current assets	541,258	499,935
Property and equipment, net	79,142	73,510
Operating lease right-of-use assets	86,396
Restricted cash	2,426	2,642
Deferred tax assets, net	11,855	6,602
Intangible assets, net	73,982	95,495
Goodwill	349,529	349,984
Other assets	36,016	31,015
Investment in equity affiliate	2,484	2,753
Total assets	1,183,088	1,061,936
Current liabilities:
Accounts payable	6,564	5,653
Current portion of long-term borrowings	40,867	21,423
Deferred revenue	13,436	7,722
Accrued employee costs	71,626	54,893
Accrued expenses and other current liabilities	71,023	64,169
Current portion of operating lease liabilities	24,148
Income taxes payable, net	1,432	1,012
Current portion of finance lease liabilities	253	223
Total current liabilities	229,349	155,095
Long-term borrowings, less current portion	194,131	263,241
Operating lease liabilities, less current portion	74,709	0
Income taxes payable	1,790	0
Deferred tax liabilities, net	966	8,445
Finance lease liabilities, less current portion	430
Finance lease liabilities, less current portion		315
Other non-current liabilities	11,712	16,521
Total liabilities	513,087	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, 38,480,654 shares issued and 34,185,241 shares outstanding as of December 31, 2019 and 37,850,544 shares issued and 34,222,476 shares outstanding as of December 31, 2018	39	38
Additional paid-in capital	391,240	364,179
Retained earnings	551,903	484,244
Accumulated other comprehensive loss	(84,892)	(83,467)
Total including shares held in treasury	858,290	764,994
Less: 4,295,413 shares as of December 31, 2019 and 3,628,068 shares as of December 31, 2018, held in treasury, at cost	(188,289)	(146,925)
Stockholders' equity	670,001	618,069
Non-controlling interest	0	250
Total equity	670,001	618,319
Total liabilities and stockholders’ equity	$ 1,183,088	$ 1,061,936