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Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenue $ 178,462 $ 174,556 $ 519,155 $ 505,968
Cost of revenue 119,110 116,750 354,848 341,780
Depreciation 5,568 5,590 17,074 16,635
Gross profit 53,784 52,216 147,233 147,553
Selling, general and administrative expenses 41,590 39,221 124,303 118,579
Bad debt provision for troubled customers, net of recoveries 0 0 289 0
Legal settlement and insurance recoveries, net 0 0 (994) 1,030
Research and engineering 450 595 1,523 1,942
Depreciation and amortization 2,629 2,918 8,058 9,070
Acquisition-related expense, net 1 246 63 1,068
Income from operations 9,114 9,236 13,991 15,864
Interest expense 2,735 2,326 6,790 8,694
Income before provision for income taxes 6,379 6,910 7,201 7,170
Provision for income taxes 1,985 3,513 3,494 3,187
Net Income 4,394 3,397 3,707 3,983
Less: net income attributable to noncontrolling interests, net of taxes 21 17 54 28
Net Income attributable to Mistras Group, Inc. $ 4,373 $ 3,380 $ 3,653 $ 3,955
Earnings per common share        
Basic (in dollars per share) $ 0.15 $ 0.11 $ 0.12 $ 0.13
Diluted (in dollars per share) $ 0.14 $ 0.11 $ 0.12 $ 0.13
Weighted-average common shares outstanding:        
Basic (in shares) 29,965 29,619 29,879 29,550
Diluted (in shares) 30,245 30,127 30,209 30,093