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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 29, 2012
Jul. 01, 2011
Jun. 29, 2012
Jul. 01, 2011
Sales $ 70,379 $ 82,609 $ 135,565 $ 160,112
Cost of goods sold 39,712 45,609 77,217 89,370
Gross profit 30,667 37,000 58,348 70,742
Operating expenses:        
Research and development and engineering 5,615 5,879 11,388 11,759
Selling, general and administrative 16,841 18,638 33,049 35,410
Amortization of purchased intangible assets 663 987 1,325 1,979
Restructuring, restatement related costs and other 2,451 (61) 4,668 122
Post-emergence professional fees   94   233
Total operating expenses 25,570 25,537 50,430 49,503
Income from operations 5,097 11,463 7,918 21,239
Interest expense, net (678) (3,397) (1,487) (7,049)
Foreign exchange transaction gains (losses), net 620 (125) (272) (810)
Other income (expense), net 45 354 232 1,384
Income from continuing operations before income taxes 5,084 8,295 6,391 14,764
Income tax provision 617 1,363 847 3,019
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
Consolidated net income 4,881 10,075 6,280 16,337
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
Earnings per common share from continuing operations:        
Basic $ 0.13 $ 0.21 $ 0.16 $ 0.35
Diluted $ 0.13 $ 0.21 $ 0.16 $ 0.35
Earnings per common share from discontinued operations:        
Basic $ 0.01 $ 0.09 $ 0.02 $ 0.14
Diluted $ 0.01 $ 0.09 $ 0.02 $ 0.14
Earnings per common share attributable to GSI Group Inc.:        
Basic $ 0.14 $ 0.30 $ 0.19 $ 0.49
Diluted $ 0.14 $ 0.30 $ 0.18 $ 0.48
Weighted average common shares outstanding-basic 33,782 33,478 33,731 33,464
Weighted average common shares outstanding-diluted 33,953 33,595 33,915 33,564