XML 20 R11.htm IDEA: XBRL DOCUMENT v3.23.2
Earnings (loss) per Share
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Earnings (loss) per Share Earnings (loss) 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 (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 earnings (loss) per share:
 
 Three months ended June 30,Six months ended June 30,
 2023202220232022
Basic earnings (loss) per share  
Numerator:  
Net income (loss) attributable to Mistras Group, Inc.$337 $4,643 $(4,649)$(720)
Denominator:    
Weighted average common shares outstanding30,368 29,957 30,214 29,840 
Basic earnings (loss) per share$0.01 $0.15 $(0.15)$(0.02)
  
Diluted earnings (loss) per share:    
Numerator:  
Net income (loss) attributable to Mistras Group, Inc.$337 $4,643 $(4,649)$(720)
Denominator:  
Weighted average common shares outstanding30,368 29,957 30,214 29,840 
Dilutive effect of restricted stock units outstanding (1)
292 276 — — 
30,660 30,233 30,214 29,840 
Diluted earnings (loss) per share$0.01 $0.15 $(0.15)$(0.02)
_______________
(1) For the six months ended June 30, 2023 and 2022, 1,106,595 shares and 1,412,073 shares related to restricted stock were excluded from the calculation of diluted EPS due to the net loss for the period.