Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment consists of the following:

		As of
	Estimated useful lives (Years)	December 31, 2023		December 31, 2022
Owned Assets:
Network equipment and computers	3-5	$	149,975	$	130,218
Software	2-5	94,279		88,487
Leasehold improvements	3-8	41,933		42,890
Office furniture and equipment	3-8	21,199		20,211
Motor vehicles	2-5	686		605
Buildings	30	956		961
Land	—	625		629
Capital work in progress	—	12,276		14,459
		321,929		298,460
Less: Accumulated depreciation and amortization		(222,333)		(216,132)
		$	99,596	$	82,328
ROU assets under finance leases:
Network equipment and computers		58		82
Leasehold improvements		604		1,013
Office furniture and equipment		427		662
Motor vehicles		1,020		742
		2,109		2,499
Less: Accumulated depreciation		(1,332)		(1,999)
		$	777	$	500
Property and equipment, net		$	100,373	$	82,828

The depreciation and amortization expense, excluding amortization of acquisition-related intangibles, recognized in the consolidated statements of income was as follows:

	Year ended December 31,
	2023		2022		2021
Depreciation and amortization expense	$	35,812	$	39,173	$	36,354

The effect of foreign exchange gain/(loss) upon settlement of cash flow hedges recorded under depreciation and amortization expense, was as follows:

	Year ended December 31,
	2023		2022		2021
Effect of foreign exchange gain/(loss)	$	(210)	$	(180)	$	524

Internally developed software costs, included under Software, was as follows:

	As of
	December 31, 2023		December 31, 2022
Cost	$	46,625	$	31,544
Less : Accumulated amortization	(25,413)		(16,134)
Internally developed software, net	$	21,212	$	15,410

The amortization expense on internally developed software recognized in the consolidated statements of income was as follows:

	Year ended December 31,
	2023		2022		2021
Amortization expense	$	9,282	$	5,958	$	4,253