XML 115 R34.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings (Loss) per Share (Tables)
 12 Months Ended
Dec. 31, 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 (loss) per share (in thousands, except per share amounts):

 

 

Year Ended December 31,

 

 

2014

 

 

2013

 

 

2012

 

Numerators:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

$

(16,909

)

 

$

9,977

 

 

$

28,297

 

Consolidated loss from discontinued operations

 

(7,333

)

 

 

(2,646

)

 

 

(8,719

)

Less: income attributable to noncontrolling interest

 

(10

)

 

 

(22

)

 

 

(40

)

Loss from discontinued operations attributable to GSI Group Inc.

 

(7,343

)

 

 

(2,668

)

 

 

(8,759

)

Net income (loss) attributable to GSI Group Inc.

$

(24,252

)

 

$

7,309

 

 

$

19,538

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominators:

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding— basic

 

34,352

 

 

 

34,073

 

 

 

33,775

 

Dilutive potential common shares (1)

 

—

 

 

 

323

 

 

 

161

 

Weighted average common shares outstanding— diluted

 

34,352

 

 

 

34,396

 

 

 

33,936

 

Antidilutive common shares excluded from above

 

439

 

 

 

246

 

 

 

244

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$

(0.49

)

 

$

0.29

 

 

$

0.84

 

From discontinued operations

$

(0.21

)

 

$

(0.08

)

 

$

(0.26

)

Basic earnings per share attributable to GSI Group Inc.

$

(0.70

)

 

$

0.21

 

 

$

0.58

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$

(0.49

)

 

$

0.29

 

 

$

0.84

 

From discontinued operations

$

(0.21

)

 

$

(0.08

)

 

$

(0.26

)

Diluted earnings per share attributable to GSI Group Inc.

$

(0.70

)

 

$

0.21

 

 

$

0.58

 

·

Due to the Company’s net loss position for the year ended December 31, 2014, all potentially dilutive shares are excluded as their effect would have been anti-dilutive.