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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 17,177 $ 17,646
Accounts receivable, net 149,958 132,847
Inventories 14,944 15,283
Prepaid expenses and other current assets 11,384 14,580
Total current assets 193,463 180,356
Property, plant and equipment, net 78,785 80,972
Intangible assets, net 41,712 43,994
Goodwill 184,988 187,354
Deferred income taxes 3,657 2,316
Other assets 45,542 39,784
Total assets 548,147 534,776
Current Liabilities    
Accounts payable 13,759 17,032
Accrued expenses and other current liabilities 85,727 84,331
Current portion of long-term debt 10,021 8,900
Current portion of finance lease obligations 4,645 5,159
Income taxes payable 394 1,101
Total current liabilities 114,546 116,523
Long-term debt, net of current portion 189,692 181,499
Obligations under finance leases, net of current portion 10,864 11,261
Deferred income taxes 2,571 2,552
Other long-term liabilities 37,000 32,438
Total liabilities 354,673 344,273
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, 30,977,420 and 30,597,633 shares issued and outstanding 385 305
Additional paid-in capital 248,524 247,165
Accumulated deficit (21,578) (28,942)
Accumulated other comprehensive loss (34,181) (28,336)
Total Mistras Group, Inc. stockholders’ equity 193,150 190,192
Non-controlling interests 324 311
Total equity 193,474 190,503
Total liabilities and equity $ 548,147 $ 534,776