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Earnings per Share (Tables)
 9 Months Ended
Sep. 26, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) 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 26,

 

 

September 27,

 

 

September 26,

 

 

September 27,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Numerators:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

$

5,119

 

 

$

2,244

 

 

$

11,381

 

 

$

5,278

 

Consolidated loss from discontinued operations

 

(594

)

 

 

(466

)

 

 

(5,138

)

 

 

(2,235

)

Less: income (loss) attributable to noncontrolling interest

 

—

 

 

 

12

 

 

 

(10

)

 

 

(42

)

Loss from discontinued operations attributable to GSI Group Inc.

 

(594

)

 

 

(454

)

 

 

(5,148

)

 

 

(2,277

)

Net income attributable to GSI Group Inc.

$

4,525

 

 

$

1,790

 

 

$

6,233

 

 

$

3,001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominators:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding— basic

 

34,389

 

 

 

34,102

 

 

 

34,333

 

 

 

34,058

 

Dilutive potential common shares

 

404

 

 

 

315

 

 

 

392

 

 

 

267

 

Weighted average common shares outstanding— diluted

 

34,793

 

 

 

34,417

 

 

 

34,725

 

 

 

34,325

 

Antidilutive common shares excluded from above

 

—

 

 

 

37

 

 

 

29

 

 

 

327

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$

0.15

 

 

$

0.07

 

 

$

0.33

 

 

$

0.15

 

From discontinued operations

$

(0.02

)

 

$

(0.02

)

 

$

(0.15

)

 

$

(0.07

)

Basic earnings per share attributable to GSI Group Inc.

$

0.13

 

 

$

0.05

 

 

$

0.18

 

 

$

0.08

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$

0.15

 

 

$

0.07

 

 

$

0.33

 

 

$

0.15

 

From discontinued operations

$

(0.02

)

 

$

(0.02

)

 

$

(0.15

)

 

$

(0.07

)

Diluted earnings per share attributable to GSI Group Inc.

$

0.13

 

 

$

0.05

 

 

$

0.18

 

 

$

0.08