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Unaudited Condensed Consolidated Statements of Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue $ 176,030 $ 179,031 $ 344,046 $ 340,693
Cost of revenue 120,442 119,980 236,493 235,738
Depreciation 5,866 5,493 11,754 11,505
Gross profit 49,722 53,558 95,799 93,450
Selling, general and administrative expenses 41,484 40,856 84,305 82,777
Bad debt provision for troubled customers, net of recoveries 0 289 0 289
Reorganization and other costs 1,240 (180) 3,316 (65)
Legal settlement and insurance recoveries, net 150 (153) 150 (994)
Research and engineering 511 522 991 1,073
Depreciation and amortization 2,443 2,635 4,969 5,430
Acquisition-related expense, net 1 13 3 63
Income from operations 3,893 9,576 2,065 4,877
Interest expense 3,858 2,117 7,927 4,055
Income before provision (benefit) for income taxes 35 7,459 (5,862) 822
Provision (benefit) for income taxes (341) 2,793 (1,260) 1,509
Net Income (Loss) 376 4,666 (4,602) (687)
Less: net income attributable to noncontrolling interests, net of taxes 39 23 47 33
Net Income (Loss) attributable to Mistras Group, Inc. $ 337 $ 4,643 $ (4,649) $ (720)
Earnings (loss) per common share        
Basic (in dollars per share) $ 0.01 $ 0.15 $ (0.15) $ (0.02)
Diluted (in dollars per share) $ 0.01 $ 0.15 $ (0.15) $ (0.02)
Weighted-average common shares outstanding:        
Basic (in shares) 30,368 29,957 30,214 29,840
Diluted (in shares) 30,660 30,233 30,214 29,840