Subsequent Events	6 Months Ended
Jul. 01, 2011
Subsequent Events	15. Subsequent Events *Redemption of $35.0 million of New Notes* On July 18, 2011, GSI US provided formal notice that it had elected to optionally redeem $35.0 million in aggregate principal amount (constituting 32% of the currently outstanding $108.1 million in aggregate principal amount) of its outstanding New Notes, including PIK notes, in accordance with the terms of the New Indenture, pursuant to which the New Notes were issued. In accordance with the New Indenture, the redemption price for the New Notes being redeemed will be 100% of the principal amount of such New Notes, plus accrued and unpaid interest thereon, if any, to, but not including, August 17, 2011, the redemption date. After consummation of this redemption, $73.1 million in aggregate principal amount of the New Notes, including PIK notes, will remain outstanding. The redemption will be financed from a portion of the available cash and cash equivalents of the Company and its subsidiaries. *Departure of Chief Restructuring Officer* On July 28, 2011, the Company and FTI agreed to terminate FTI’s engagement to provide certain temporary employees to the Company for post-petition crisis and turnaround management services as of August 5, 2011. As part of that agreement on July 28, 2011, the Company and FTI agreed that Michael Katzenstein’s services as the Company’s Chief Restructuring Officer were terminated as of May 31, 2011. *Appointment of Executive Officers* On August 8, 2011, the Company appointed Jamie Bader, President and Group Executive of the Company’s Precision Motion and Technologies segment, and David Clarke, Group Executive of the Company’s Laser Products segment, a vice-president and officer of the Company.

15. Subsequent Events

Redemption of $35.0 million of New Notes

On July 18, 2011, GSI US provided formal notice that it had elected to optionally redeem $35.0 million in aggregate principal amount (constituting 32% of the currently outstanding $108.1 million in aggregate principal amount) of its outstanding New Notes, including PIK notes, in accordance with the terms of the New Indenture, pursuant to which the New Notes were issued. In accordance with the New Indenture, the redemption price for the New Notes being redeemed will be 100% of the principal amount of such New Notes, plus accrued and unpaid interest thereon, if any, to, but not including, August 17, 2011, the redemption date. After consummation of this redemption, $73.1 million in aggregate principal amount of the New Notes, including PIK notes, will remain outstanding. The redemption will be financed from a portion of the available cash and cash equivalents of the Company and its subsidiaries.

Departure of Chief Restructuring Officer

On July 28, 2011, the Company and FTI agreed to terminate FTI’s engagement to provide certain temporary employees to the Company for post-petition crisis and turnaround management services as of August 5, 2011. As part of that agreement on July 28, 2011, the Company and FTI agreed that Michael Katzenstein’s services as the Company’s Chief Restructuring Officer were terminated as of May 31, 2011.

Appointment of Executive Officers

On August 8, 2011, the Company appointed Jamie Bader, President and Group Executive of the Company’s Precision Motion and Technologies segment, and David Clarke, Group Executive of the Company’s Laser Products segment, a vice-president and officer of the Company.