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Unaudited Condensed Consolidated Statements of Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue $ 182,694 $ 179,354 $ 556,909 $ 523,399
Cost of revenue 122,392 118,812 377,570 355,304
Depreciation 5,725 6,160 17,556 17,914
Gross profit 54,577 54,382 161,783 150,181
Selling, general and administrative expenses 38,872 39,537 121,018 123,844
Reorganization and other costs 2,143 2,702 4,218 6,017
Goodwill impairment charges 0 13,799 0 13,799
Legal settlement and insurance recoveries, net (868) 0 (808) 150
Research and engineering 241 438 816 1,428
Depreciation and amortization 2,331 2,588 7,170 7,556
Acquisition-related expense, net 0 0 1 5
Income (loss) from operations 11,858 (4,682) 29,368 (2,618)
Other income (1,479) 0 (1,479) 0
Interest expense 4,303 4,167 13,145 12,093
Income (loss) before provision (benefit) for income taxes 9,034 (8,849) 17,702 (14,711)
Provision for income taxes 2,618 1,489 3,909 229
Net Income (Loss) 6,416 (10,338) 13,793 (14,940)
Less: net income (loss) attributable to noncontrolling interests, net of taxes 15 (40) 28 7
Net Income (Loss) attributable to Mistras Group, Inc. $ 6,401 $ (10,298) $ 13,765 $ (14,947)
Earnings (loss) per common share        
Basic (in dollars per share) $ 0.21 $ (0.34) $ 0.45 $ (0.49)
Diluted (in dollars per share) $ 0.20 $ (0.34) $ 0.44 $ (0.49)
Weighted-average common shares outstanding:        
Basic (in shares) 31,002 30,402 30,895 30,277
Diluted (in shares) 31,660 30,402 31,513 30,277