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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 16,855 $ 17,646
Accounts receivable, net 140,404 132,847
Inventories 15,079 15,283
Prepaid expenses and other current assets 14,632 14,580
Total current assets 186,970 180,356
Property, plant and equipment, net 79,702 80,972
Intangible assets, net 42,660 43,994
Goodwill 185,726 187,354
Deferred income taxes 2,647 2,316
Other assets 44,422 39,784
Total assets 542,127 534,776
Current Liabilities    
Accounts payable 15,629 17,032
Accrued expenses and other current liabilities 84,475 84,331
Current portion of long-term debt 9,464 8,900
Current portion of finance lease obligations 4,907 5,159
Income taxes payable 406 1,101
Total current liabilities 114,881 116,523
Long-term debt, net of current portion 188,962 181,499
Obligations under finance leases, net of current portion 11,151 11,261
Deferred income taxes 2,685 2,552
Other long-term liabilities 36,983 32,438
Total liabilities 354,662 344,273
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, 30,910,552 and 30,597,633 shares issued and outstanding 328 305
Additional paid-in capital 247,329 247,165
Accumulated deficit (27,947) (28,942)
Accumulated other comprehensive loss (32,565) (28,336)
Total Mistras Group, Inc. stockholders’ equity 187,145 190,192
Non-controlling interests 320 311
Total equity 187,465 190,503
Total liabilities and equity $ 542,127 $ 534,776