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Unaudited Condensed Consolidated Statements of Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 189,773 $ 176,030 $ 374,215 $ 344,046
Cost of revenue 127,760 120,442 255,179 236,493
Depreciation 5,897 5,866 11,831 11,754
Gross profit 56,116 49,722 107,205 95,799
Selling, general and administrative expenses 40,957 41,484 82,144 84,305
Reorganization and other costs 518 1,240 2,075 3,316
Goodwill impairment charges     0  
Legal settlement and insurance recoveries, net 60 150 60 150
Research and engineering 231 511 575 991
Depreciation and amortization 2,391 2,443 4,839 4,969
Acquisition-related expense, net 0 1 1 3
Income from operations 11,959 3,893 17,511 2,065
Interest expense 4,413 3,858 8,842 7,927
Income (loss) before provision (benefit) for income taxes 7,546 35 8,669 (5,862)
Provision (benefit) for income taxes 1,173 (341) 1,292 (1,260)
Net Income (Loss) 6,373 376 7,377 (4,602)
Less: net income attributable to noncontrolling interests, net of taxes 4 39 13 47
Net Income (Loss) attributable to Mistras Group, Inc. $ 6,369 $ 337 $ 7,364 $ (4,649)
Earnings (loss) per common share        
Basic (in dollars per share) $ 0.21 $ 0.01 $ 0.24 $ (0.15)
Diluted (in dollars per share) $ 0.20 $ 0.01 $ 0.23 $ (0.15)
Weighted-average common shares outstanding:        
Basic (in shares) 30,979 30,368 30,842 30,214
Diluted (in shares) 31,293 30,660 31,358 30,214