Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 115,303	$ 136,953
Short-term investments	160,833	153,881
Restricted cash	6,351	4,062
Accounts receivable, net	327,613	308,108
Other current assets	93,612	76,669
Total current assets	703,712	679,673
Property and equipment, net	103,478	100,373
Operating lease right-of-use assets	72,822	64,856
Deferred tax assets, net	100,993	82,927
Goodwill	405,581	405,639
Other intangible assets, net	44,003	50,164
Long-term investments	19,239	8,816
Other assets	53,939	49,524
Total assets	1,503,767	1,441,972
Current liabilities:
Accounts payable	2,996	5,055
Current portion of long-term borrowings	75,000	65,000
Deferred revenue	15,406	12,318
Accrued employee costs	80,443	117,137
Accrued expenses and other current liabilities	97,613	114,113
Current portion of operating lease liabilities	15,404	12,780
Total current liabilities	286,862	326,403
Long-term borrowings, less current portion	260,000	135,000
Operating lease liabilities, less current portion	64,412	58,175
Deferred tax liabilities, net	2,271	1,495
Other non-current liabilities	37,616	31,462
Total liabilities	651,161	552,535
Commitments and contingencies
ExlService Holdings, Inc. Stockholders’ equity:
Preferred stock, $0.001 par value; 15,000,000 shares authorized, none issued	0	0
Common stock, $0.001 par value; 400,000,000 shares authorized, 204,783,113 shares issued and 162,176,382 shares outstanding as of June 30, 2024 and 203,410,038 shares issued and 165,277,880 shares outstanding as of December 31, 2023	204	203
Additional paid-in capital	520,922	508,028
Retained earnings	1,178,251	1,083,663
Accumulated other comprehensive loss	(136,108)	(127,040)
Total including shares held in treasury	1,563,269	1,464,854
Less: 42,606,731 shares as of June 30, 2024 and 38,132,158 shares as of December 31, 2023, held in treasury, at cost	(710,663)	(575,417)
Total stockholders’ equity	852,606	889,437
Total liabilities and stockholders’ equity	$ 1,503,767	$ 1,441,972