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Derivatives and Hedge Accounting (Tables)
 9 Months Ended
Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Foreign Currency Exchange Contracts The following tables set forth the fair value of the foreign currency exchange contracts and their location on the unaudited consolidated financial statements:
Derivatives designated as hedging instruments:As of
Foreign currency exchange contractsSeptember 30, 2021December 31, 2020
Other current assets$7,247 $9,740 
Other assets$5,390 $6,933 
Accrued expenses and other current liabilities$1,552 $176 
Other non-current liabilities$2,504 $29 
Derivatives not designated as hedging instruments:As of
Foreign currency exchange contractsSeptember 30, 2021December 31, 2020
Other current assets$124 $15 
Accrued expenses and other current liabilities$267 $259 
Summary of Effect of Foreign Currency Exchange Contracts on Consolidated Statements of Income
The following tables set forth the effect of foreign currency exchange contracts on the unaudited consolidated statements of income and accumulated other comprehensive loss for the three and nine months ended September 30, 2021 and 2020:
Three months ended September 30,Nine months ended September 30,
Forward Exchange Contracts:2021202020212020
Unrealized gain/(loss) recognized in AOCL
Derivatives in cash flow hedging relationships$261 $12,165 $(42)$5,040 
Gain/(loss) recognized in consolidated statements of income
Derivatives not designated as hedging instruments$(464)$3,372 $(1,054)$2,429 
Location and amount of gain/(loss) recognized in unaudited consolidated statements of income for cash flow hedging relationships and derivatives not designated as hedging instruments
Three months ended September 30,
20212020
As per unaudited consolidated
statements of
income		Gain/(loss)
on foreign currency exchange contracts		As per unaudited consolidated
statements of
income		Gain/(loss) on foreign currency exchange contracts
Cash flow hedging relationships
Location in unaudited consolidated statements of income where gain/(loss) was reclassed from AOCL
Cost of revenues$177,743 $1,801 $152,087 $(233)
General and administrative expenses$36,167 223 $26,810 (132)
Selling and marketing expenses$21,672 11 $15,290 (4)
Depreciation and amortization expense$12,305 115 $12,425 (66)
Total before tax2,150 (435)
Income tax (expense)/benefit relating to above(370)47 
Net of tax$1,780 $(388)
Derivatives not designated as hedging instruments
Location in unaudited consolidated statements of income where gain/(loss) was recognized
Foreign exchange gain/(loss), net$1,171 $(464)$716 $3,372 
$1,171 $(464)$716 $3,372 
Location and amount of gain/(loss) recognized in unaudited consolidated statements of income for cash flow hedging relationships and derivatives not designated as hedging instruments
Nine months ended September 30,
20212020
As per unaudited consolidated
statements of
income		Gain/(loss) on foreign currency exchange contractsAs per unaudited consolidated
statements of
income		Gain/(loss)
on foreign currency exchange contracts
Cash flow hedging relationships
Location in unaudited consolidated statements of income where gain/(loss) was reclassed from AOCL
Cost of revenues$507,265 $6,643 $473,144 $(272)
General and administrative expenses$103,369 769 $84,501 (246)
Selling and marketing expenses$59,631 39 $42,797 (9)
Depreciation and amortization expense$36,716 394 $37,280 (106)
Total before tax7,845 (633)
Income tax benefit/(expense) relating to above(1,186)69 
Net of tax$6,659 $(564)
Derivatives not designated as hedging instruments
Location in unaudited consolidated statements of income where gain/(loss) was recognized
Foreign exchange gain/(loss), net$2,958 $(1,054)$3,452 $2,429 
$2,958 $(1,054)$3,452 $2,429 
Summary of Effect of Net Investment Hedges on Accumulated Other Comprehensive Loss
Effect of net investment hedges on accumulated other comprehensive loss:
Three months ended September 30,Nine months ended September 30,
Amount of loss recognized in AOCLAmount of loss recognized in AOCL
Net investment hedging relationships2021202020212020
Foreign exchange contracts$— $— $1,134 $—