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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 16,717 $ 20,488
Accounts receivable, net 120,425 123,657
Inventories 14,763 13,556
Prepaid expenses and other current assets 14,008 10,181
Total current assets 165,913 167,882
Property, plant and equipment, net 78,816 77,561
Intangible assets, net 47,360 49,015
Goodwill 199,956 199,635
Deferred income taxes 326 779
Other assets 38,448 40,032
Total assets 530,819 534,904
Current Liabilities    
Accounts payable 13,640 12,532
Accrued expenses and other current liabilities 77,127 77,844
Current portion of long-term debt 7,372 7,425
Current portion of finance lease obligations 4,752 4,201
Income taxes payable 333 1,726
Total current liabilities 103,224 103,728
Long-term debt, net of current portion 181,972 183,826
Obligations under finance leases, net of current portion 11,170 10,045
Deferred income taxes 7,874 6,283
Other long-term liabilities 30,431 32,273
Total liabilities 334,671 336,155
Commitments and contingencies (Note 14)
Equity    
Preferred stock, 10,000,000 shares authorized 0 0
Common stock, $0.01 par value, 200,000,000 shares authorized, 30,230,446 and 29,895,487 shares issued and outstanding 302 298
Additional paid-in capital 244,131 243,031
Accumulated deficit (16,475) (11,489)
Accumulated other comprehensive loss (32,117) (33,390)
Total Mistras Group, Inc. stockholders’ equity 195,841 198,450
Non-controlling interests 307 299
Total equity 196,148 198,749
Total liabilities and equity $ 530,819 $ 534,904