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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 20,360 $ 17,646
Accounts receivable, net 144,104 132,847
Inventories 14,510 15,283
Prepaid expenses and other current assets 14,353 14,580
Total current assets 193,327 180,356
Property, plant and equipment, net 79,852 80,972
Intangible assets, net 41,504 43,994
Goodwill 185,872 187,354
Deferred income taxes 5,641 2,316
Other assets 45,485 39,784
Total assets 551,681 534,776
Current Liabilities    
Accounts payable 13,272 17,032
Accrued expenses and other current liabilities 85,623 84,331
Current portion of long-term debt 10,711 8,900
Current portion of finance lease obligations 4,594 5,159
Income taxes payable 964 1,101
Total current liabilities 115,164 116,523
Long-term debt, net of current portion 178,989 181,499
Obligations under finance leases, net of current portion 11,154 11,261
Deferred income taxes 3,781 2,552
Other long-term liabilities 37,050 32,438
Total liabilities 346,138 344,273
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, 31,006,864 and 30,597,633 shares issued and outstanding 385 305
Additional paid-in capital 250,016 247,165
Accumulated deficit (15,177) (28,942)
Accumulated other comprehensive loss (30,020) (28,336)
Total Mistras Group, Inc. stockholders’ equity 205,204 190,192
Non-controlling interests 339 311
Total equity 205,543 190,503
Total liabilities and equity $ 551,681 $ 534,776