Earnings (loss) per Share

3 Months Ended

Mar. 31, 2023

Basic earnings (loss) per share is computed by dividing net loss by the weighted-average number of shares outstanding during the period. Diluted earnings per share is computed by dividing net loss by the sum of (1) the weighted-average number of shares of common stock outstanding during the period, and (2) 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 shares during the period and (ii) the pro forma vesting of restricted stock units.

The following table sets forth the computations of basic and diluted loss per share:


	Three months ended March 31,
	2023		2022

Basic loss per share
Numerator:
Net loss attributable to Mistras Group, Inc.	$	(4,986)	$	(5,363)
Denominator:
Weighted average common shares outstanding	30,021		29,634
Basic loss per share	$	(0.17)	$	(0.18)

Diluted loss per share:
Numerator:
Net loss attributable to Mistras Group, Inc.	$	(4,986)	$	(5,363)
Denominator:
Weighted average common shares outstanding	30,021		29,634

Dilutive effect of restricted stock units outstanding (1)	—		—
	30,021		29,634
Diluted loss per share	$	(0.17)	$	(0.18)

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(1) For the three months ended March 31, 2023 and 2022, 1,513,000 and 1,212,000 shares, respectively, related to restricted stock were excluded from the calculation of diluted EPS due to the net loss for the period.