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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current Assets    
Cash and cash equivalents $ 54,835 $ 56,781
Accounts receivable, net of allowance of $557 and $696, respectively 50,167 55,110
Income taxes receivable 22,707 21,920
Inventories 65,810 66,721
Deferred tax assets 5,335 4,226
Deferred cost of goods sold 1,998 7,789
Prepaid expenses and other current assets 5,969 5,580
Total current assets 206,821 218,127
Property, plant and equipment, net of accumulated depreciation 43,411 45,402
Deferred tax assets 814 1,445
Other assets 7,082 4,476
Intangible assets, net 45,797 53,139
Goodwill 44,578 44,578
Total assets 348,503 367,167
Current Liabilities    
Short-term debt 10,000  
Accounts payable 14,679 19,766
Income taxes payable 1,835 1,785
Accrued compensation and benefits 9,572 7,988
Deferred revenue 5,913 15,006
Deferred tax liabilities 140  
Other accrued expenses 16,069 14,717
Total current liabilities 58,208 59,262
Long-term debt 58,000 107,575
Deferred revenue 152 402
Deferred tax liabilities 8,722 8,373
Income taxes payable 8,057 6,644
Accrued pension liabilities 4,265 3,044
Other liabilities 1,739 3,189
Total long-term liabilities 80,935 129,227
Total liabilities 139,143 188,489
Commitments and contingencies (Note 12)      
Stockholders' Equity    
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 33,478 and 33,342, respectively 423,856 423,856
Additional paid-in capital 17,931 14,655
Accumulated deficit (227,760) (256,733)
Accumulated other comprehensive loss (5,024) (3,429)
Total GSI Group Inc. stockholders' equity 209,003 178,349
Noncontrolling interest 357 329
Total stockholders' equity 209,360 178,678
Total liabilities and stockholders' equity $ 348,503 $ 367,167