Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per share:

	Year ended December 31,
	2023		2022		2021
Numerators:
Net income	$	184,558	$	142,968	$	114,758
Denominators (1):
Basic weighted average common shares outstanding	166,341,213		166,651,585		167,746,375
Dilutive effect of stock-based awards	1,820,158		2,517,705		2,043,465
Dilutive effect of conversion premium on the Notes (2)	—		—		1,432,550
Diluted weighted average common shares outstanding	168,161,371		169,169,290		171,222,390
Earnings per share attributable to ExlService Holdings, Inc. stockholders (1):
Basic	$	1.11	$	0.86	$	0.68
Diluted	$	1.10	$	0.85	$	0.67
Weighted average potentially dilutive shares considered anti-dilutive and not included in computing diluted earnings per share (1)	1,628,932		2,830		53,525

(1) Prior period information has been adjusted to reflect the 5-for-1 forward stock split of the Company’s common stock effected in August 2023. Refer to Note 19 – Capital Structure to the consolidated financial statements for further details.

(2) Represents dilution effect related to the conversion premium of the convertible senior notes in the calculation of diluted weighted average shares outstanding for the portion of the period until actual settlement during the third quarter of 2021. Refer to Note 18 – Borrowings to the consolidated financial statements for further details.