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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 17,999 $ 20,488
Accounts receivable, net 118,773 123,657
Inventories 16,067 13,556
Prepaid expenses and other current assets 17,991 10,181
Total current assets 170,830 167,882
Property, plant and equipment, net 81,297 77,561
Intangible assets, net 46,145 49,015
Goodwill 201,586 199,635
Deferred income taxes 915 779
Other assets 40,173 40,032
Total assets 540,946 534,904
Current Liabilities    
Accounts payable 17,014 12,532
Accrued expenses and other current liabilities 78,972 77,844
Current portion of long-term debt 7,550 7,425
Current portion of finance lease obligations 5,188 4,201
Income taxes payable 980 1,726
Total current liabilities 109,704 103,728
Long-term debt, net of current portion 176,121 183,826
Obligations under finance leases, net of current portion 12,441 10,045
Deferred income taxes 10,103 6,283
Other long-term liabilities 32,044 32,273
Total liabilities 340,413 336,155
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, 30,301,985 and 29,895,487 shares issued and outstanding 302 298
Additional paid-in capital 245,058 243,031
Accumulated deficit (16,138) (11,489)
Accumulated other comprehensive loss (29,035) (33,390)
Total Mistras Group, Inc. stockholders’ equity 200,187 198,450
Non-controlling interests 346 299
Total equity 200,533 198,749
Total liabilities and equity $ 540,946 $ 534,904