| Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | | 2024 | | 2023 | | 2024 | | 2023 | | Numerators: | | | | | | | | | Net income | $ | 45,825 | | | $ | 49,068 | | | $ | 94,588 | | | $ | 100,399 | | Denominators (1): | | | | | | | | | Basic weighted average common shares outstanding | 162,794,138 | | | 166,776,770 | | | 163,938,263 | | | 166,986,130 | | | Dilutive effect of stock-based awards | 1,167,616 | | | 1,665,475 | | | 1,406,041 | | | 2,061,645 | | | | | | | | | | | Diluted weighted average common shares outstanding | 163,961,754 | | | 168,442,245 | | | 165,344,304 | | | 169,047,775 | | Earnings per share attributable to ExlService Holdings, Inc. stockholders (1): | | | | | | | | | Basic | $ | 0.28 | | | $ | 0.29 | | | $ | 0.58 | | | $ | 0.60 | | | Diluted | $ | 0.28 | | | $ | 0.29 | | | $ | 0.57 | | | $ | 0.59 | | | Weighted average potentially dilutive shares considered anti-dilutive and not included in computing diluted earnings per share | 3,314,536 | | | 1,249,155 | | | 3,247,920 | | | 897,750 | |
(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 unaudited consolidated financial statements for further details.
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