Earnings (loss) per Share

3 Months Ended

Mar. 31, 2024

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares outstanding during the period. Diluted earnings per share is computed by dividing net income (loss) by the sum of (1) the weighted-average number of shares of common stock outstanding during the period, and (2) the dilutive effect of assumed conversion of equity awards using the treasury stock method. With respect to the number of weighted-average shares outstanding (denominator), diluted shares reflects: (i) the exercise of options to acquire common stock to the extent that the options’ exercise prices are less than the average market price of common shares during the period and (ii) the pro forma vesting of restricted stock units.

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


	Three months ended March 31,
	2024		2023

Basic earnings (loss) per share
Numerator:
Net income (loss) attributable to Mistras Group, Inc.	$	995	$	(4,986)
Denominator:
Weighted average common shares outstanding	30,680		30,021
Basic earnings (loss) per share	$	0.03	$	(0.17)

Diluted earnings (loss) per share:
Numerator:
Net income (loss) attributable to Mistras Group, Inc.	$	995	$	(4,986)
Denominator:
Weighted average common shares outstanding	30,680		30,021
Dilutive effect of stock options outstanding	250		—
Dilutive effect of restricted stock units outstanding (1)	426		—
	31,356		30,021
Diluted earnings (loss) per share	$	0.03	$	(0.17)

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(1) For the three months ended March 31, 2023, 1,513,000 shares, related to restricted stock were excluded from the calculation of diluted EPS due to the net loss for the period.