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Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Computations of Basic and Diluted Earnings Per Share

The following table sets forth the computations of basic and diluted earnings (loss) per share (in thousands except share data):

			For the year ended December 31,
			2023						2022						2021
Basic earnings (loss) per share:
Numerator:
Net income (loss) attributable to Mistras Group, Inc.			$	(17,453)					$	6,499					$	3,860
Denominator
Weighted average common shares outstanding			30,330						29,901						29,572
Basic earnings (loss) per share			$	(0.58)					$	0.22					$	0.13
Diluted earnings (loss) per share:
Numerator:
Net income (loss) attributable to Mistras Group, Inc.			$	(17,453)					$	6,499					$	3,860
Denominator
Weighted average common shares outstanding			30,330						29,901						29,572
Dilutive effect of stock options outstanding			—						—						558
Dilutive effect of restricted stock units outstanding			—						328						—
			30,330						30,229						30,130
Diluted earnings (loss) per share			$	(0.58)					$	0.21					$	0.13

Schedule of Potential Common Shares Excluded From the Computation of Diluted Earnings Per Share

The following potential shares of common stock were excluded from the computation of diluted earnings per share, as the effect would have been anti-dilutive:

			For the year ended December 31,
			2023						2022						2021
Potential shares of common stock attributable to restricted stock units (RSUs) and performance stock units (PSUs) outstanding (1)			547						1,005						109
Potential shares of common stock attributable to stock options outstanding			—						1						5
Total			547						1,006						114

 (1) For the year ended December 31, 2023, 1,014,527 shares of common stock related to restricted stock and 250,000 stock options, were excluded from the calculation of diluted EPS due to the net loss for the period.

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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