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Earnings per Share (Tables)
 6 Months Ended
Jul. 03, 2015
Earnings Per Share [Abstract]  
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

 

 

Six Months Ended

 

 

July 3,

 

 

June 27,

 

 

July 3,

 

 

June 27,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Numerators:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

$

19,511

 

 

$

3,406

 

 

$

22,957

 

 

$

6,262

 

Loss from discontinued operations

 

(13

)

 

 

(2,678

)

 

 

(13

)

 

 

(4,544

)

Less: Income attributable to noncontrolling interest

 

—

 

 

 

(3

)

 

 

—

 

 

 

(10

)

Loss from discontinued operations attributable to GSI Group Inc.

 

(13

)

 

 

(2,681

)

 

 

(13

)

 

 

(4,554

)

Net income attributable to GSI Group Inc.

$

19,498

 

 

$

725

 

 

$

22,944

 

 

$

1,708

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominators:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding— basic

 

34,630

 

 

 

34,378

 

 

 

34,567

 

 

 

34,304

 

Dilutive potential common shares

 

399

 

 

 

329

 

 

 

447

 

 

 

386

 

Weighted average common shares outstanding— diluted

 

35,029

 

 

 

34,707

 

 

 

35,014

 

 

 

34,690

 

Antidilutive common shares excluded from above

 

—

 

 

 

—

 

 

 

—

 

 

 

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$

0.56

 

 

$

0.10

 

 

$

0.66

 

 

$

0.18

 

From discontinued operations

$

(0.00

)

 

$

(0.08

)

 

$

(0.00

)

 

$

(0.13

)

Basic earnings per share attributable to GSI Group Inc.

$

0.56

 

 

$

0.02

 

 

$

0.66

 

 

$

0.05

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$

0.56

 

 

$

0.10

 

 

$

0.66

 

 

$

0.18

 

From discontinued operations

$

(0.00

)

 

$

(0.08

)

 

$

(0.00

)

 

$

(0.13

)

Diluted earnings per share attributable to GSI Group Inc.

$

0.56

 

 

$

0.02

 

 

$

0.66

 

 

$

0.05