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Earnings (loss) per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings (loss) per Share | Earnings (loss) per Share 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 June 30, |  | Six months ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Basic earnings (loss) per share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income (loss) attributable to Mistras Group, Inc. | $ | 6,369 |  |  | $ | 337 |  |  | $ | 7,364 |  |  | $ | (4,649) |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding | 30,979 |  |  | 30,368 |  |  | 30,842 |  |  | 30,214 |
Basic earnings (loss) per share | $ | 0.21 |  |  | $ | 0.01 |  |  | $ | 0.24 |  |  | $ | (0.15) |
Diluted earnings (loss) per share: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income (loss) attributable to Mistras Group, Inc. | $ | 6,369 |  |  | $ | 337 |  |  | $ | 7,364 |  |  | $ | (4,649) |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding | 30,979 |  |  | 30,368 |  |  | 30,842 |  |  | 30,214 |
Dilutive effect of stock options outstanding | 97 |  |  | — |  |  | 93 |  |  | — |
Dilutive effect of restricted stock units outstanding (1) | 217 |  |  | 292 |  |  | 423 |  |  | — |
| 31,293 |  |  | 30,660 |  |  | 31,358 |  |  | 30,214 |
Diluted earnings (loss) per share | $ | 0.20 |  |  | $ | 0.01 |  |  | $ | 0.23 |  |  | $ | (0.15) |
_______________ (1) For the six months ended June 30, 2023, 1,106,595 shares related to restricted stock, respectively, were excluded from the calculation of diluted EPS due to the net loss for the period.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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