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Earnings per Common Share (Tables)
 9 Months Ended
Oct. 02, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share (in thousands, except per share amounts):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

October 2,

 

 

September 26,

 

 

October 2,

 

 

September 26,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Numerators:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

$

6,568

 

 

$

5,119

 

 

$

29,525

 

 

$

11,381

 

Loss from discontinued operations

 

—

 

 

 

(594

)

 

 

(13

)

 

 

(5,138

)

Less: Income attributable to noncontrolling interest

 

—

 

 

 

—

 

 

 

—

 

 

 

(10

)

Loss from discontinued operations attributable to GSI Group Inc.

 

—

 

 

 

(594

)

 

 

(13

)

 

 

(5,148

)

Net income attributable to GSI Group Inc.

$

6,568

 

 

$

4,525

 

 

$

29,512

 

 

$

6,233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominators:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding— basic

 

34,599

 

 

 

34,389

 

 

 

34,578

 

 

 

34,333

 

Dilutive potential common shares

 

456

 

 

 

404

 

 

 

449

 

 

 

392

 

Weighted average common shares outstanding— diluted

 

35,055

 

 

 

34,793

 

 

 

35,027

 

 

 

34,725

 

Antidilutive common shares excluded from above

 

—

 

 

 

—

 

 

 

—

 

 

 

29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$

0.19

 

 

$

0.15

 

 

$

0.85

 

 

$

0.33

 

From discontinued operations

$

—

 

 

$

(0.02

)

 

$

(0.00

)

 

$

(0.15

)

Basic earnings per share attributable to GSI Group Inc.

$

0.19

 

 

$

0.13

 

 

$

0.85

 

 

$

0.18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$

0.19

 

 

$

0.15

 

 

$

0.84

 

 

$

0.33

 

From discontinued operations

$

—

 

 

$

(0.02

)

 

$

(0.00

)

 

$

(0.15

)

Diluted earnings per share attributable to GSI Group Inc.

$

0.19

 

 

$

0.13

 

 

$

0.84

 

 

$

0.18