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Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of Computations of Basic and Diluted Earnings Per Share

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)

Schedule of Potential Common Shares Excluded From the Computation of Diluted Earnings Per Share

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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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-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

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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