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Unaudited Condensed Consolidated Statements of Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenue $ 179,354 $ 178,462 $ 523,399 $ 519,155
Cost of revenue 118,812 119,110 355,304 354,848
Depreciation 6,160 5,568 17,914 17,074
Gross profit 54,382 53,784 150,181 147,233
Selling, general and administrative expenses 39,537 40,767 123,844 123,545
Bad debt provision for troubled customers, net of recoveries 0 0 0 289
Reorganization and other costs 2,702 130 6,017 65
Goodwill impairment charges 13,799 0 13,799 0
Loss on Debt Modification 0 693 0 693
Legal settlement and insurance recoveries, net 0 0 150 (994)
Research and engineering 438 450 1,428 1,523
Depreciation and amortization 2,588 2,629 7,556 8,058
Acquisition-related expense, net 0 1 5 63
Income (loss) from operations (4,682) 9,114 (2,618) 13,991
Interest expense 4,167 2,735 12,093 6,790
Income (loss) before provision (benefit) for income taxes (8,849) 6,379 (14,711) 7,201
Provision for income taxes 1,489 1,985 229 3,494
Net Income (Loss) (10,338) 4,394 (14,940) 3,707
Less: net income (loss) attributable to noncontrolling interests, net of taxes (40) 21 7 54
Net Income (Loss) attributable to Mistras Group, Inc. $ (10,298) $ 4,373 $ (14,947) $ 3,653
Earnings (loss) per common share        
Basic (in dollars per share) $ (0.34) $ 0.15 $ (0.49) $ 0.12
Diluted (in dollars per share) $ (0.34) $ 0.14 $ (0.49) $ 0.12
Weighted-average common shares outstanding:        
Basic (in shares) 30,402 29,965 30,277 29,879
Diluted (in shares) 30,402 30,245 30,277 30,209