Selected Quarterly Financial Information (unaudited) |
20. Selected Quarterly Financial Information (unaudited)
The following is a summary of the quarterly results of operations for the years ended May 31, 2013 and 2012:
Fiscal quarter ended |
|
May 31,
2013 |
|
February 28,
2013 |
|
November 30,
2012 |
|
August 31,
2012 |
|
May 31,
2012 |
|
February 29,
2012 |
|
November 30,
2011 |
|
August 31,
2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
$ |
144,505 |
|
$ |
133,661 |
|
$ |
137,729 |
|
$ |
113,387 |
|
$ |
127,090 |
|
$ |
104,118 |
|
$ |
114,220 |
|
$ |
91,447 |
|
Cost of revenues |
|
101,254 |
|
94,736 |
|
91,529 |
|
75,526 |
|
85,252 |
|
70,574 |
|
75,263 |
|
60,527 |
|
Depreciation |
|
4,708 |
|
4,719 |
|
4,295 |
|
4,144 |
|
4,367 |
|
3,960 |
|
3,742 |
|
3,500 |
|
Gross profit |
|
38,543 |
|
34,206 |
|
41,905 |
|
33,717 |
|
37,471 |
|
29,584 |
|
35,215 |
|
27,420 |
|
Selling, general and administrative expenses |
|
27,729 |
|
27,209 |
|
23,362 |
|
23,492 |
|
23,533 |
|
20,806 |
|
19,378 |
|
19,381 |
|
Research and engineering |
|
646 |
|
754 |
|
530 |
|
517 |
|
290 |
|
578 |
|
602 |
|
589 |
|
Depreciation and amortization |
|
2,246 |
|
2,473 |
|
2,167 |
|
1,895 |
|
1,668 |
|
1,805 |
|
1,503 |
|
1,479 |
|
Acquisition-related expense, net |
|
(1,135 |
) |
(1,212 |
) |
99 |
|
107 |
|
971 |
|
973 |
|
36 |
|
— |
|
Goodwill impairment |
|
9,938 |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
Income (loss) from operations |
|
(881 |
) |
4,982 |
|
15,747 |
|
7,706 |
|
11,009 |
|
5,422 |
|
13,696 |
|
5,971 |
|
Net income (loss) attributable to Mistras Group, Inc. |
|
$ |
(4,549 |
) |
$ |
2,751 |
|
$ |
9,163 |
|
$ |
4,281 |
|
$ |
7,132 |
|
$ |
3,037 |
|
$ |
7,956 |
|
$ |
3,228 |
|
Earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
(0.16 |
) |
0.10 |
|
0.33 |
|
0.15 |
|
0.25 |
|
0.11 |
|
0.29 |
|
0.12 |
|
Diluted |
|
(0.16 |
) |
0.11 |
|
0.32 |
|
0.15 |
|
0.25 |
|
0.11 |
|
0.28 |
|
0.11 |
| |