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Earnings per Share (Tables)
9 Months Ended
Sep. 27, 2013
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     Nine Months Ended  
     September 27,
2013
    September 28,
2012
    September 27,
2013
    September 28,
2012
 

Numerators:

        

Consolidated net income

   $ 2,172      $ 2,055      $ 4,483      $ 7,599   

Less: (income) loss attributable to noncontrolling interest

     12        (19     (42     (45
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations

     2,184        2,036        4,441        7,554   

Loss from discontinued operations

     (394     (4,570     (1,440     (3,834
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to GSI Group Inc.

   $ 1,790      $ (2,534   $ 3,001      $ 3,720   
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominators:

        

Weighted average common shares outstanding—basic

     34,102        33,803        34,058        33,755   

Dilutive potential common shares (1)

     315        109        267        159   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding—diluted

     34,417        33,912        34,325        33,914   
  

 

 

   

 

 

   

 

 

   

 

 

 

Antidilutive common shares excluded from above

     37        424        327        141   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic Earnings (Loss) per Common Share:

        

From continuing operations

   $ 0.06      $ 0.06      $ 0.13      $ 0.22   

From discontinued operations

   $ (0.01   $ (0.13   $ (0.04   $ (0.11

Basic earnings (loss) per share attributable to GSI Group Inc.

   $ 0.05      $ (0.07   $ 0.09      $ 0.11   

Diluted Earnings (Loss) per Common Share:

        

From continuing operations

   $ 0.06      $ 0.06      $ 0.13      $ 0.22   

From discontinued operations

   $ (0.01   $ (0.13   $ (0.04   $ (0.11

Diluted earnings (loss) per share attributable to GSI Group Inc.

   $ 0.05      $ (0.07   $ 0.09      $ 0.11   

 

(1)  Due to the Company’s net loss attributable to GSI Group Inc. for the three months ended September 28, 2012, all potentially dilutive shares were excluded as their effect would have been anti-dilutive.