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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, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenue $ 192,192 $ 182,169 $ 569,595 $ 561,592
Cost of revenue 129,241 124,260 386,721 389,131
Depreciation 5,182 5,577 16,160 16,902
Gross profit 57,769 52,332 166,714 155,559
Selling, general and administrative expenses 42,328 41,931 126,014 122,232
Bad debt provision for troubled customers, net of recoveries 0 0 2,798 0
Pension withdrawal expense (benefit) (45) 5,886 489 5,886
Gain on sale of subsidiary 0 (2,384) 0 (2,384)
Research and engineering 650 745 2,261 2,414
Depreciation and amortization 4,089 2,920 12,380 8,834
Acquisition-related expense (benefit), net (32) 217 970 (1,143)
Income from operations 10,779 3,017 21,802 19,720
Interest expense 2,959 1,894 10,065 5,581
Income before provision for income taxes 7,820 1,123 11,737 14,139
Provision for income taxes 4,733 2,133 6,493 6,229
Net income (loss) 3,087 (1,010) 5,244 7,910
Less: Net income (loss) attributable to non-controlling interests, net of taxes (6) 1 13 13
Net income (loss) attributable to Mistras Group, Inc. $ 3,093 $ (1,011) $ 5,231 $ 7,897
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.11 $ (0.04) $ 0.18 $ 0.28
Diluted (in dollars per share) $ 0.11 $ (0.04) $ 0.18 $ 0.27
Weighted-average common shares outstanding:        
Basic (in shares) 28,800 28,429 28,678 28,360
Diluted (in shares) 29,156 28,429 29,022 29,447