Property and Equipment, net (Tables)

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment, net consists of the following:

	Estimated useful lives	As of
	(Years)	June 30, 2020		December 31, 2019
Owned Assets:
Network equipment and computers	3-5	$	96,759	$	98,309
Software	3-5	90,746		79,746
Leasehold improvements	3-8	44,328		44,982
Office furniture and equipment	3-8	20,675		22,046
Motor vehicles	2-5	578		601
Buildings	30	1,053		1,114
Land	—	689		729
Capital work in progress	—	10,784		10,309
		265,612		257,836
Less: Accumulated depreciation and amortization		(174,333)		(179,331)
		$	91,279	$	78,505
Right-of-use assets under finance leases:
Leasehold improvements		$	644	$	738
Office furniture and equipment		210		308
Motor vehicles		710		711
		1,564		1,757
Less: Accumulated depreciation and amortization		(995)		(1,120)
		$	569	$	637
Property and equipment, net		$	91,848	$	79,142

The depreciation and amortization expense, excluding amortization of acquisition-related intangibles, recognized in the unaudited consolidated statements of income was as follows:

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Depreciation and amortization expense	$	8,975	$	7,198	$	17,271	$	15,337

The effect of foreign exchange (loss)/gain upon settlement of cash flow hedges recorded under depreciation and amortization, was as follows:

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Effect of foreign exchange (loss)/gain	$	(71)	$	56	$	(49)	$	113

Internally developed software costs, included under Software, was as follows:

	As of
	June 30, 2020		December 31, 2019
Cost	$	14,891	$	15,784
Less : Accumulated amortization	(4,477)		(4,989)
Internally developed software, net	$	10,414	$	10,795

The amortization expense on internally developed software recognized in the unaudited consolidated statements of income was as follows:

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Amortization expense	$	1,846	$	559	$	2,677	$	1,206