Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 58

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 level 3 of the fair value hierarchy.(e)Deferred compensation plan assets consist of life insurance policies held under a Rabbi Trust. Assets held in the Rabbi Trust are valued based on the cash surrender value of the insurance contract, which is determined based on the fair value of the underlying assets included in the insurance portfolio and are therefore classified within level 3 of the fair value hierarchy. (f)The fair value of the deferred compensation plan liability is derived based on the fair value of the underlying assets in the insurance policies and is therefore classified within level 3 of the fair value hierarchy. The following table provides a roll-forward of the fair value of earn-out consideration categorized as level 3 in the fair value hierarchy for the three and six months ended June 30, 2024 and 2025:Three months ended June 30, Six months ended June 30,2024202520242025Opening balance$— $— $— $— Earn-out consideration payable in connection with acquisition— 77,500 — 77,500 Closing balance$— $77,500 $— $77,500 The following table provides a roll-forward of the fair value of deferred compensation plan assets categorized as level 3 in the fair value hierarchy for the three and six months ended June 30, 2024 and 2025: Three months ended June 30, Six months ended June 30,2024202520242025Opening balance$55,559 $61,812 $51,983 $61,549 Additions (net of redemption)432 941 800 2,345 Change in fair value of deferred compensation plan assets (Note a)1,001 5,603 4,209 4,462 Closing balance$56,992 $68,356 $56,992 $68,356 (a)Changes in the fair value of plan assets are reported in “other income (expense), net” in the consolidated statements of income. 

21

GENPACT LIMITED AND ITS SUBSIDIARIESNotes to the Consolidated Financial Statements(Unaudited)(In thousands, except per share data and share count)

5. Fair value measurements (Continued)The following table provides a roll-forward of the fair value of deferred compensation plan liabilities categorized as level 3 in the fair value hierarchy for the three and six months ended June 30, 2024 and 2025:Three months ended