Earnings per Share (Tables)

6 Months Ended

Jun. 29, 2012

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three Months Ended						Six Months Ended
	June 29, 2012			July 1, 2011			June 29, 2012			July 1, 2011
Numerators:
Income from continuing operations	$	4,467		$	6,932		$	5,544		$	11,745
Income from discontinued operations, net of tax		414			3,143			736			4,592
Less: Net income attributable to noncontrolling interest		(8	)		(9	)		(26	)		(64	)
Net income attributable to GSI Group Inc.	$	4,873		$	10,066		$	6,254		$	16,273
Denominators:
Weighted average common shares outstanding—basic		33,782			33,478			33,731			33,464
Dilutive potential common shares		171			117			184			100
Weighted average common shares outstanding—diluted		33,953			33,595			33,915			33,564
Antidilutive common shares excluded from above		—			117			—			85
Basic Earnings per Common Share:
From continuing operations	$	0.13		$	0.21		$	0.16		$	0.35
From discontinued operations	$	0.01		$	0.09		$	0.02		$	0.14
Basic earnings per share attributable to GSI Group Inc.	$	0.14		$	0.30		$	0.19		$	0.49
Diluted Earnings per Common Share:
From continuing operations	$	0.13		$	0.21		$	0.16		$	0.35
From discontinued operations	$	0.01		$	0.09		$	0.02		$	0.14
Diluted earnings per share attributable to GSI Group Inc.	$	0.14		$	0.30		$	0.18		$	0.48