XML 23 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6
Selected Consolidated Financial Data (Tables)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information

The following tables reflect the Company’s unaudited condensed consolidated statements of operations (in thousands except per share data):

 

     Three Months Ended  
     December 31,
2012
    September 28,
2012
    June 29,
2012
    March 30,
2012
 

Sales

   $ 66,413      $ 69,520      $ 70,379      $ 65,186   

Cost of goods sold

     39,138        40,667        39,712        37,505   
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

     27,275        28,853        30,667        27,681   

Operating expenses

     23,978        25,061        25,570        24,860   
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from operations

     3,297        3,792        5,097        2,821   

Interest income (expense) and other income (expense), net

     (772     (1,174     (13     (1,514
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations before income taxes

     2,525        2,618        5,084        1,307   

Income tax provision (benefit)

     (12,350     563        617        230   
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations

     14,875        2,055        4,467        1,077   

Income (loss) from discontinued operations, net of tax.

     (1,317     (4,570     414        322   

Gain on disposal of discontinued operations, net of tax

     2,255        —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated net income (loss)

     15,813        (2,515     4,881        1,399   

Net (income) loss attributable to noncontrolling interest

     5        (19     (8     (18
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to GSI Group Inc

   $ 15,818      $ (2,534   $ 4,873      $ 1,381   
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings from continuing operations per common share:

        

Basic

   $ 0.44      $ 0.06      $ 0.13      $ 0.03   

Diluted

   $ 0.44      $ 0.06      $ 0.13      $ 0.03   

Earnings (loss) from discontinued operations per common share:

        

Basic

   $ 0.03      $ (0.13   $ 0.01      $ 0.01   

Diluted

   $ 0.03      $ (0.13   $ 0.01      $ 0.01   

Net income (loss) per common share:

        

Basic

   $ 0.47      $ (0.07   $ 0.14      $ 0.04   

Diluted

   $ 0.47      $ (0.07   $ 0.14      $ 0.04   

 

     Three Months Ended  
     December 31,
2011
    September 30,
2011
    July1,
2011
    April 1,
2011
 

Sales

   $ 65,480      $ 78,704      $ 82,609      $ 77,503   

Cost of goods sold

     37,707        44,119        45,609        43,761   
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

     27,773        34,585        37,000        33,742   

Operating expenses

     23,988        23,761        25,537        23,966   
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from operations

     3,785        10,824        11,463        9,776   

Interest income (expense) and other income (expense), net

     (2,507     (2,646     (3,168     (3,307
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations before income taxes

     1,278        8,178        8,295        6,469   

Income tax provision (benefit)

     (1,326     851        1,363        1,656   
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations

     2,604        7,327        6,932        4,813   

Income from discontinued operations, net of tax

     1,244        1,489        3,143        1,449   
  

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated net income

     3,848        8,816        10,075        6,262   

Net (income) loss attributable to noncontrolling interest

     7        29        (9     (55
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to GSI Group Inc

   $ 3,855      $ 8,845      $ 10,066      $ 6,207   
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings from continuing operations per common share:

        

Basic

   $ 0.08      $ 0.22      $ 0.21      $ 0.14   

Diluted

   $ 0.08      $ 0.22      $ 0.21      $ 0.14   

Earnings from discontinued operations per common share:

        

Basic

   $ 0.04      $ 0.04      $ 0.09      $ 0.05   

Diluted

   $ 0.03      $ 0.04      $ 0.09      $ 0.05   

Net income per common share:

        

Basic

   $ 0.12      $ 0.26      $ 0.30      $ 0.19   

Diluted

   $ 0.11      $ 0.26      $ 0.30      $ 0.19