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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 12,752 $ 20,488
Accounts receivable, net 136,363 123,657
Inventories 15,780 13,556
Prepaid expenses and other current assets 18,259 10,181
Total current assets 183,154 167,882
Property, plant and equipment, net 79,762 77,561
Intangible assets, net 44,468 49,015
Goodwill 185,519 199,635
Deferred income taxes 2,229 779
Other assets 41,558 40,032
Total assets 536,690 534,904
Current Liabilities    
Accounts payable 14,628 12,532
Accrued expenses and other current liabilities 81,853 77,844
Current portion of long-term debt 8,402 7,425
Current portion of finance lease obligations 5,253 4,201
Income taxes payable 1,025 1,726
Total current liabilities 111,161 103,728
Long-term debt, net of current portion 185,466 183,826
Obligations under finance leases, net of current portion 12,375 10,045
Deferred income taxes 8,542 6,283
Other long-term liabilities 33,362 32,273
Total liabilities 350,906 336,155
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, 30,353,100 and 29,895,487 shares issued and outstanding 302 298
Additional paid-in capital 246,075 243,031
Accumulated deficit (26,436) (11,489)
Accumulated other comprehensive loss (34,463) (33,390)
Total Mistras Group, Inc. stockholders’ equity 185,478 198,450
Non-controlling interests 306 299
Total equity 185,784 198,749
Total liabilities and equity $ 536,690 $ 534,904