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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Feb. 29, 2012
May 31, 2011
Current Assets    
Cash and cash equivalents $ 7,931 $ 10,879
Accounts receivable, net 95,257 78,031
Inventories, net 13,173 9,830
Deferred income taxes 1,324 1,278
Prepaid expenses and other current assets 9,354 6,761
Total current assets 127,039 106,779
Property, plant and equipment, net 58,570 49,168
Intangible assets, net 33,559 27,304
Goodwill 80,053 64,146
Other assets 1,511 1,240
Total assets 300,732 248,637
Current Liabilities    
Current portion of long-term debt 5,963 7,226
Current portion of capital lease obligations 6,644 5,853
Accounts payable 7,142 6,656
Accrued expenses and other current liabilities 40,332 28,028
Income taxes payable 466 2,825
Total current liabilities 60,547 50,588
Long-term debt, net of current portion 34,645 14,625
Obligations under capital leases, net of current portion 12,847 9,623
Deferred income taxes 2,425 2,863
Other long-term liabilities 5,197 3,452
Total liabilities 115,661 81,151
Commitments and contingencies      
Preferred stock, 10,000,000 shares authorized      
Equity    
Common stock, $0.01 par value, 200,000,000 shares authorized, 27,938,173 and 27,667,122 shares issued and outstanding as of February 29, 2012 and May 31, 2011, respectively 279 277
Additional paid-in capital 185,984 180,594
Retained earnings (accumulated deficit) 204 (14,017)
Accumulated other comprehensive (loss) income (1,675) 303
Total Mistras Group, Inc. stockholders' equity 184,792 167,157
Noncontrolling interest 279 329
Total equity 185,071 167,486
Total liabilities, preferred stock and equity $ 300,732 $ 248,637