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Earnings per Share | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per Share Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the sum of (i) the weighted average number of shares of common stock outstanding during the period and (ii) the dilutive effect of assumed conversion of equity awards using the treasury stock method. With respect to the number of weighted average shares outstanding (denominator), diluted shares reflects: (i) the exercise of options to acquire common stock to the extent that the options’ exercise prices are less than the average market price of common stock during the period and (ii) the pro forma vesting of restricted stock units. The following table sets forth the computations of basic and diluted earnings (loss) per share (in thousands except share data):
| For the year ended December 31,
| 2022 |  | 2021 |  | 2020
Basic earnings (loss) per share: |  |  |  |  |
Numerator: |  |  |  |  |
Net income (loss) attributable to Mistras Group, Inc. | $ | 6,499 |  |  | $ | 3,860 |  |  | $ | (99,461) |
Denominator |  |  |  |  |
Weighted average common shares outstanding | 29,901 |  |  | 29,572 |  |  | 29,147 |
Basic earnings (loss) per share | $ | 0.22 |  |  | $ | 0.13 |  |  | $ | (3.41) |
Diluted earnings (loss) per share: |  |  |  |  |
Numerator: |  |  |  |  |
Net income (loss) attributable to Mistras Group, Inc. | $ | 6,499 |  |  | $ | 3,860 |  |  | $ | (99,461) |
Denominator |  |  |  |  |
Weighted average common shares outstanding | 29,901 |  |  | 29,572 |  |  | 29,147 |
Dilutive effect of stock options outstanding | — |  |  | 558 |  |  | — |
Dilutive effect of restricted stock units outstanding | 328 |  |  | — |  |  | — |
| 30,229 |  |  | 30,130 |  |  | 29,147 |
Diluted earnings (loss) per share | $ | 0.21 |  |  | $ | 0.13 |  |  | $ | (3.41) |
The following potential common stock were excluded from the computation of diluted earnings per share, as the effect would have been anti-dilutive:
| For the year ended December 31,
| 2022 |  | 2021 |  | 2020
Potential common stock attributable to restricted stock units (RSUs) and performance stock units (PSUs) outstanding (1) | 1,005 |  |  | 109 |  |  | 790 |
Potential common stock attributable to stock options outstanding | 1 |  |  | 5 |  |  | 5 |
Total | 1,006 |  |  | 114 |  |  | 795 |
(1) For the year ended December 31, 2020, 254 shares related to RSUs/PSUs, were excluded from the calculation of diluted EPS due to the net loss for the period.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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