CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents		$ 136,953	$ 118,669
Short-term investments		153,881	179,027
Restricted cash		4,062	4,897
Accounts receivable, net		308,108	259,222
Other current assets		76,669	50,979
Total current assets		679,673	612,794
Property and equipment, net		100,373	82,828
Operating lease right-of-use assets		64,856	55,347
Restricted cash		4,386	2,055
Deferred tax assets, net		82,927	55,791
Goodwill		405,639	405,637
Other intangible assets, net		50,164	64,819
Long-term investments		4,430	34,779
Other assets		49,524	32,069
Total assets		1,441,972	1,346,119
Current liabilities:
Accounts payable		5,055	7,789
Current portion of long-term borrowings		65,000	30,000
Deferred revenue		12,318	18,782
Accrued employee costs		117,137	108,100
Accrued expenses and other current liabilities		112,900	95,352
Current portion of operating lease liabilities		12,780	14,978
Income taxes payable, net		1,213	2,945
Total current liabilities		326,403	277,946
Long-term borrowings, less current portion		135,000	220,000
Operating lease liabilities, less current portion		58,175	48,155
Deferred tax liabilities, net		1,495	547
Other non-current liabilities		31,462	41,292
Total liabilities		552,535	587,940
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, 203,410,038 shares issued and 165,277,880 shares outstanding as of December 31, 2023 and 199,939,880 shares issued and 166,172,220 shares outstanding as of December 31, 2022	[1]	203	200
Additional paid-in capital	[1]	508,028	444,948
Retained earnings		1,083,663	899,105
Accumulated other comprehensive loss		(127,040)	(144,143)
Total including shares held in treasury		1,464,854	1,200,110
Less: 38,132,158 shares as of December 31, 2023 and 33,767,660 shares as of December 31, 2022, held in treasury, at cost	[1]	(575,417)	(441,931)
Total stockholders’ equity		889,437	758,179
Total liabilities and stockholders’ equity		$ 1,441,972	$ 1,346,119

[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.