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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenues, net $ 361,351 $ 290,325 $ 1,037,341 $ 826,804
Cost of revenues [1] 230,462 177,743 659,185 507,265
Gross profit [1] 130,889 112,582 378,156 319,539
Operating expenses:        
General and administrative expenses 42,519 36,167 122,898 103,369
Selling and marketing expenses 23,879 21,672 72,034 59,631
Depreciation and amortization expense 14,380 12,305 42,057 36,716
Total operating expenses 80,778 70,144 236,989 199,716
Income from operations 50,111 42,438 141,167 119,823
Foreign exchange gain, net 1,504 1,171 4,683 2,958
Interest expense (2,442) (1,810) (4,820) (6,804)
Other income, net 2,261 1,721 4,498 5,346
Loss on settlement of convertible notes 0 (12,845) 0 (12,845)
Income before income tax expense and earnings from equity affiliates 51,434 30,675 145,528 108,478
Income tax expense 12,447 4,196 34,774 22,019
Income before earnings from equity affiliates 38,987 26,479 110,754 86,459
Gain from equity-method investment 108 28 365 0
Net income attributable to ExlService Holdings, Inc. stockholders $ 39,095 $ 26,507 $ 111,119 $ 86,459
Earnings per share attributable to ExlService Holdings, Inc. stockholders:        
Basic (in dollars per share) $ 1.18 $ 0.79 $ 3.33 $ 2.57
Diluted (in dollars per share) $ 1.16 $ 0.77 $ 3.28 $ 2.52
Weighted-average number of shares used in computing earnings per share attributable to ExlService Holdings Inc. stockholders:        
Basic (in shares) 33,237,833 33,449,311 33,360,346 33,583,791
Diluted (in shares) 33,777,749 34,305,893 33,833,637 34,336,950
[1] Exclusive of depreciation and amortization expense.