Rendering

Component: (Network and Table)
Network
2315301 - Disclosure - Employee Benefit Plans (Tables)
(http://www.exlservice.com/role/EmployeeBenefitPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001297989 (http://www.sec.gov/CIK)
Compensation and Retirement Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Compensation and Retirement Disclosure [Abstract]
 
Summary of Change in Projected Benefit Obligation
The following table sets forth the activity and the funded status of the Gratuity Plans and the amounts recognized in the Company’s consolidated financial statements at the end of the relevant periods:
    
 
December 31,
 
2016
 
2015
Change in projected benefit obligation:
 
 
 
Projected benefit obligation at the beginning of the year
$
7,909

 
$
7,563

Service cost
1,601

 
1,638

Interest cost
599

 
550

Benefits paid
(837
)
 
(851
)
Actuarial (gain)/loss
677

 
(609
)
Acquisition
47

 
—

Effect of exchange rate changes
(285
)
 
(382
)
 
 
 
 
Projected benefit obligation at the end of the year
$
9,711

 
$
7,909

Unfunded amount–non-current
$
1,977

 
$
1,441

Unfunded amount–current
2,094

 
1,545

Total accrued liability
$
4,071

 
$
2,986

 
 
 
 
Accumulated benefit obligation
$
6,533

 
$
5,537

  
Net Gratuity Cost
Net gratuity cost includes the following components:
 
Year ended December 31,
 
2016
 
2015
 
2014
Service cost
$
1,601

 
$
1,638

 
$
1,523

Interest cost
599

 
550

 
559

Expected return on plan assets
(416
)
 
(385
)
 
(172
)
Actuarial loss
90

 
211

 
149

Net gratuity cost
$
1,874

 
$
2,014

 
$
2,059

  
Summary of Components Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss that have not been recognized as components of net gratuity cost in the statement of income as of December 31, 2016 and 2015 is as follows:
 
December 31,
 
2016
 
2015
Net actuarial loss
$
489

 
$
77

Net prior service cost
9

 
9

Accumulated other comprehensive loss, net of tax
$
498

 
$
86

  
Summary of Weighted Average Actuarial Assumptions
The weighted average actuarial assumptions used to determine benefit obligations and net periodic gratuity cost are:
 
December 31,
 
2016
 
2015
 
2014
Discount rate
6.8
%
 
7.8
%
 
8.0
%
Rate of increase in compensation levels
9.2
%
 
8.4
%
 
8.2
%
Expected long term rate of return on plan assets per annum
9.0
%
 
9.0
%
 
9.0
%
  
Summary of Expected Benefit Payments
Expected benefit payments during the year ending December 31,
 
2017
$
2,782

2018
$
2,407

2019
$
2,146

2020
$
1,960

2021
$
1,785

2022 to 2026
$
5,238

  
Change in Plan Assets
Change in Plan Assets
 
Plan assets at January 1, 2015
$
4,752

Actual return
355

Employer contribution
903

Benefits paid*
(851
)
Effect of exchange rate changes
(236
)
Plan assets December 31, 2015
$
4,923

Actual return
450

Employer contribution
1,242

Benefits paid*
(837
)
Effect of exchange rate changes
(138
)
Plan assets December 31, 2016
$
5,640


 
 
 
 
 
* All Benefits payments were made through the plan assets during the year ended December 31, 2016 and December 31, 2015.