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Earnings per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
 
Basic earnings per share is computed by dividing net income by the weighted-average number of shares outstanding during the period. Diluted earnings per share is computed by dividing net income 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 reflect: (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 per share:
 
 Three months ended September 30,Nine months ended September 30,
 2025202420252024
Basic earnings per share
Numerator:
Net income attributable to Mistras Group, Inc.$13,108 $6,401 $12,939 $13,765 
Denominator:
Weighted average common shares outstanding31,543 31,002 31,361 30,895 
Basic earnings per share$0.42 $0.21 $0.41 $0.45 
Diluted earnings per share:
Numerator:
Net income attributable to Mistras Group, Inc.$13,108 $6,401 $12,939 $13,765 
Denominator:
Weighted average common shares outstanding31,543 31,002 31,361 30,895 
Dilutive effect of stock options outstanding (1)
99 120 102 103 
Dilutive effect of restricted stock units outstanding (1)
238 538 457 515 
31,880 31,660 31,920 31,513 
Diluted earnings per share$0.41 $0.20 $0.41 $0.44 
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(1) For the three months ended September 30, 2025, 388,000 shares, related to stock options and 165,000 shares, related to RSUs were anti-dilutive and therefore were excluded from the calculation of diluted earnings per share. For the nine months ended September 30, 2025, 379,000 shares, related to stock options and 227,000 shares, related to RSUs were anti-dilutive and therefore were excluded from the calculation of diluted earnings per share.