10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q/A

(Amendment No. 1)

(Mark One)

    x     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2012

OR

    ¨     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from         to         

Commission File Number: 000-01649

NEWPORT CORPORATION

(Exact name of registrant as specified in its charter)

Nevada	94-0849175
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

1791 Deere Avenue, Irvine, California 92606

(Address of principal executive offices) (Zip Code)

(949) 863-3144

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

As of July 27, 2012, 38,252,472 shares of the registrant’s sole class of common stock were outstanding.

Explanatory Note

This Amendment No. 1 to the Quarterly Report on Form 10-Q of Newport Corporation for the period ended June 30, 2012, which was originally filed with the Securities and Exchange Commission on August 9, 2012 (the “Form 10-Q”), is being filed solely to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 to the Form 10-Q provides the consolidated financial statements and related notes contained in the Form 10-Q in eXtensible Business Reporting Language (XBRL) format.

No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, has not been updated to reflect events occurring subsequent to the original filing date, and does not modify or update in any way disclosures made in the Form 10-Q.

Pursuant to Rule 406T of Regulation S-T, the XBRL information will not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 and will not be deemed filed or part of a registration statement or prospectus for purposes of Sections 11 and 12 of the Securities Act of 1933, or otherwise subject to liability under those Sections.

ITEM 6. EXHIBITS

Exhibit Number	Description of Exhibit
10.1	Second Amended and Restated Employee Stock Purchase Plan (incorporated by reference to Appendix B of the Registrant’s Definitive Proxy Statement filed with the Securities and Exchange Commission on April 4, 2012).
31.1(1)	Certification pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934 (the “Exchange Act”).
31.2(1)	Certification pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act.
32.1(1)	Certification pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and 18 U.S.C. Section 1350.
32.2(1)	Certification pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and 18 U.S.C. Section 1350.
101.INS(2)*	XBRL Instance Document.
101.SCH(2)*	XBRL Taxonomy Extension Schema Document.
101.CAL(2)*	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF(2)*	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB(2)*	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE(2)*	XBRL Taxonomy Extension Presentation Linkbase Document.

⁽¹⁾  Previously filed with the Registrant’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2012.

⁽²⁾  Filed with this Form 10-Q/A.

* Pursuant to Rule 406T of Regulation S-T, the XBRL information will not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 and will not be deemed filed or part of a registration statement or prospectus for purposes of Sections 11 and 12 of the Securities Act of 1933, or otherwise subject to liability under those Sections.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: August 30, 2012	NEWPORT CORPORATION
	By:	/s/ Charles F. Cargile
		Charles F. Cargile,
		Senior Vice President and Chief Financial Officer (Principal Financial Officer and Duly Authorized Officer)

EXHIBIT INDEX

Exhibit Number	Description of Exhibit
10.1	Second Amended and Restated Employee Stock Purchase Plan (incorporated by reference to Appendix B of the Registrant’s Definitive Proxy Statement filed with the Securities and Exchange Commission on April 4, 2012).
31.1(1)	Certification pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934 (the “Exchange Act”).
31.2(1)	Certification pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act.
32.1(1)	Certification pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and 18 U.S.C. Section 1350.
32.2(1)	Certification pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and 18 U.S.C. Section 1350.
101.INS(2)*	XBRL Instance Document.
101.SCH(2)*	XBRL Taxonomy Extension Schema Document.
101.CAL(2)*	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF(2)*	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB(2)*	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE(2)*	XBRL Taxonomy Extension Presentation Linkbase Document.

⁽¹⁾  Previously filed with the Registrant’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2012.

⁽²⁾  Filed with this Form 10-Q/A.

* Pursuant to Rule 406T of Regulation S-T, the XBRL information will not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 and will not be deemed filed or part of a registration statement or prospectus for purposes of Sections 11 and 12 of the Securities Act of 1933, or otherwise subject to liability under those Sections.

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Acquisition (Details) (Acquisition of ILX Lightwave Corporation [Member], USD $) In Thousands, unless otherwise specified	Jan. 13, 2012
Assets acquired and liabilities assumed:
Cash	$ 44
Other assets	2,672
Goodwill	3,762
Liabilities	(2,485)
Assets acquired and liabilities assumed net, total	8,983
Developed technology [Member]
Assets acquired and liabilities assumed:
Intangible assets	2,800
Customer relationships [Member]
Assets acquired and liabilities assumed:
Intangible assets	1,100
Other intangible assets [Member]
Assets acquired and liabilities assumed:
Intangible assets	$ 1,090

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Debt and Lines of Credit (Details 1) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Schedule of long-term debt
Total long-term debt	$ 158,943	$ 178,043
Japanese private placement bonds due June 2014, interest at 0.62% [Member]
Schedule of long-term debt
Total long-term debt	2,506	2,576
Japanese amortizing loans due through November 2016, interest rates from 1.25% to 1.45% [Member]
Schedule of long-term debt
Total long-term debt	928	954
Austrian amortizing loans due through December 2020, interest rates from 2.23% to 3.25% [Member]
Schedule of long-term debt
Total long-term debt		270
Austrian lines of credit, interest at 2.90% [Member]
Schedule of long-term debt
Total long-term debt		3,888
Israeli amortizing loans due through October 2015, interest rates from 2.97% to 4.50% [Member]
Schedule of long-term debt
Total long-term debt	2,884	3,855
Term loan due October 2016, interest at 3.00% [Member]
Schedule of long-term debt
Total long-term debt	$ 152,625	$ 166,500

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Intangible Assets (Details 1) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012
Estimated aggregate amortization expense
2012 (remaining)	$ 9,090
2013	15,843
2014	15,492
2015	13,972
2016	11,623
Thereafter	46,953
Total estimated future amortization expense	$ 112,973

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Debt and Lines of Credit (Details 2) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012
Schedule of maturities of debt obligation
2012 (remaining)	$ 16,696
2013	29,744
2014	32,204
2015	28,552
2016	83,372
Thereafter
Total debt obligations	$ 190,568

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Supplemental Balance Sheet Information (Details Textual) (USD $) In Thousands, unless otherwise specified			6 Months Ended
	Jun. 30, 2012	Dec. 31, 2011	Jun. 30, 2012 PPT Division product materials and workmanship [Member]	Jun. 30, 2012 Filters and gratings products [Member]	Jun. 30, 2012 Original equipment manufacturer [Member] Maximum [Member]	Jun. 30, 2012 Original equipment manufacturer [Member] Minimum [Member]	Jun. 30, 2012 Lasers Division [Member] Maximum [Member]	Jun. 30, 2012 Lasers Division [Member] Minimum [Member]	Jun. 30, 2012 Ophir Division [Member]	Jun. 30, 2012 Laser beam profilers and dental CAD/CAM scanners [Member]
Product warranty (Textual) [Abstract]
Warranty term			one-year	90-day	19 months	15 months	Two Years	90 days	one-year	two-year
Short-term warranty obligations	$ 3,889	$ 4,342

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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Business Segment Information [Abstract]

Calculation of segment income

(In thousands)	Photonics and Precision Technologies		Lasers		Ophir		Total
Three months ended June 30, 2012:
Sales to external customers	$	82,858	$	44,734	$	26,063	$	153,655
Segment income	$	18,987	$	2,878	$	1,905	$	23,770
Three months ended July 2, 2011:
Sales to external customers	$	85,415	$	44,717	$	—	$	130,132
Segment income	$	20,746	$	4,045	$	—	$	24,791
Six months ended June 30, 2012:
Sales to external customers	$	161,912	$	93,961	$	54,949	$	310,822
Segment income	$	34,982	$	9,534	$	4,170	$	48,686
Six months ended July 2, 2011:
Sales to external customers	$	167,579	$	90,964	$	—	$	258,543
Segment income	$	40,411	$	8,849	$	—	$	49,260

Reconciliation of segment income to consolidated income before income taxes

	Three Months Ended						Six Months Ended
(In thousands)	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Segment income	$	23,770		$	24,791		$	48,686		$	49,260
Gain on sale of investment		5,298			—			5,298			—
Foreign currency translation gain from dissolution of subsidiary		—			—			—			7,198
Unallocated operating expenses		(12,425	)		(8,054	)		(27,131	)		(15,557	)
Interest and other expense, net		(2,828	)		(1,624	)		(5,015	)		(4,029	)
	$	13,815		$	15,113		$	21,838		$	36,872

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Net Income Per Share (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Net Income Per Share [Abstract]
Net income attributable to Newport Corporation	$ 9,154	$ 13,922	$ 15,746	$ 34,681
Shares:
Weighted average shares outstanding - basic	38,220	37,477	37,975	37,241
Dilutive potential common shares, using treasury stock method	678	1,311	940	1,571
Weighted average shares outstanding - diluted	38,898	38,788	38,915	38,812
Net income per share attributable to Newport Corporation:
Basic	$ 0.24	$ 0.37	$ 0.41	$ 0.93
Diluted	$ 0.24	$ 0.36	$ 0.40	$ 0.89

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Acquisition (Tables)

6 Months Ended

Jun. 30, 2012

Acquisition [Abstract]

Summary of the purchase price, assets acquired and liabilities assumed

(In thousands)
Assets acquired and liabilities assumed:
Cash	$	44
Other assets		2,672
Goodwill		3,762
Developed technology		2,800
Customer relationships		1,100
Other intangible assets		1,090
Liabilities		(2,485	)
	$	8,983

Summary of supplemental pro forma financial information

	Three Months Ended				Six Months Ended
(In thousands)	June  30, 2012		July 2, 2011		June  30, 2012		July 2, 2011
Actual:
Net sales	$	1,778	$	—	$	3,562	$	—
Net income attributable to Newport Corporation	$	176	$	—	$	157	$	—
Supplemental pro forma information:
Net sales	$	153,655	$	132,037	$	310,862	$	261,982
Net income attributable to Newport Corporation	$	9,202	$	14,031	$	16,178	$	34,359

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Interest and Other Expense, Net (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Interest and other expense, net
Interest expense	$ (2,041)	$ (2,102)	$ (4,242)	$ (4,202)
Interest and dividend income	42	125	103	291
Derivative gain (loss)	(488)		183
Bank and portfolio asset management fees	(170)	(193)	(334)	(419)
Other income (expense), net	(171)	546	(725)	301
Total	$ (2,828)	$ (1,624)	$ (5,015)	$ (4,029)

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Supplemental Balance Sheet Information (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Inventories
Raw materials and purchased parts	$ 65,117	$ 65,054
Work in process	18,619	19,257
Finished goods	24,982	28,657
Inventories	$ 108,718	$ 112,968

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Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Assets:
Restricted Cash	$ 2,938	$ 12,367
Marketable securities	4,776	4,787
Fair Value Measurements, Recurring basis [Member]
Assets:
Restricted Cash	2,938	12,367
Marketable securities	4,776	4,787
Derivative Assets	552
Pension assets not owned by plan	6,523	6,572
Total Assets	14,789	23,843
Liabilities:
Total Liabilities	1,023	828
Equity securities [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Marketable securities	532	542
Certificates of deposit [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Marketable securities	4,244	4,245
Option contracts [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Derivative Assets	546	117
Liabilities:
Derivative liabilities	853	440
Forward contracts [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Derivative Assets	6
Liabilities:
Derivative liabilities	170	388
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Restricted Cash	2,938	12,367
Marketable securities	532	542
Derivative Assets
Pension assets not owned by plan
Total Assets	3,470	12,909
Liabilities:
Total Liabilities
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity securities [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Marketable securities	532	542
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Certificates of deposit [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Marketable securities
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Option contracts [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Derivative Assets
Liabilities:
Derivative liabilities
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Forward contracts [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Derivative Assets
Liabilities:
Derivative liabilities
Significant Other Observable Inputs (Level 2) [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Restricted Cash
Marketable securities	4,244	4,245
Derivative Assets	552
Pension assets not owned by plan	6,523	6,572
Total Assets	11,319	10,934
Liabilities:
Total Liabilities	1,023	828
Significant Other Observable Inputs (Level 2) [Member] | Equity securities [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Marketable securities
Significant Other Observable Inputs (Level 2) [Member] | Certificates of deposit [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Marketable securities	4,244	4,245
Significant Other Observable Inputs (Level 2) [Member] | Option contracts [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Derivative Assets	546	117
Liabilities:
Derivative liabilities	853	440
Significant Other Observable Inputs (Level 2) [Member] | Forward contracts [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Derivative Assets	6
Liabilities:
Derivative liabilities	170	388
Significant Unobservable Inputs (Level 3) [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Restricted Cash
Marketable securities
Derivative Assets
Pension assets not owned by plan
Total Assets
Liabilities:
Total Liabilities
Significant Unobservable Inputs (Level 3) [Member] | Equity securities [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Marketable securities
Significant Unobservable Inputs (Level 3) [Member] | Certificates of deposit [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Marketable securities
Significant Unobservable Inputs (Level 3) [Member] | Option contracts [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Derivative Assets
Liabilities:
Derivative liabilities
Significant Unobservable Inputs (Level 3) [Member] | Forward contracts [Member] | Fair Value Measurements, Recurring basis [Member]
Assets:
Derivative Assets
Liabilities:
Derivative liabilities

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Stock-Based Compensation (Details Textual) (USD $) In Millions, except Per Share data, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
Stock-Based Compensation (Textual) [Abstract]
Stock options exercisable and outstanding	1.1
Stock options exercisable and outstanding, weighted average price	$ 13.37
Stock options exercisable and outstanding, intrinsic value	$ 0.3
Stock options exercisable and outstanding, remaining contractual period	1 year 7 months 6 days
Restricted stock units [Member]
Stock-Based Compensation (Textual) [Abstract]
Restricted stock unit granted	0.5
Weighted average grant date fair values, restricted stock units	$ 17.11
Stock appreciation rights [Member]
Stock-Based Compensation (Textual) [Abstract]
Stock apreciation rights granted	0.4
Weighted average grant date fair values, stock appreciation rights	$ 7.92
Stock appreciation rights outstanding	1.6
Stock appreciation rights, weighted average base value	$ 11.04
Stock appreciation rights, intrinsic value	5.2
Stock appreciation rights, remaining contractual period	5 years
Stock appreciation rights exercisable	0.9
Stock appreciation rights exercisable, weighted-average exercise price	$ 7.02
Stock appreciation rights exercisable, intrinsic value	5.2
Stock appreciation rights exercisable, remaining contractual period	4 years 1 month 6 days
Stock-based benefit plans [Member]
Stock-Based Compensation (Textual) [Abstract]
Compensation cost related to unvested stock-based awards granted	17.0
Estimated forfeitures	$ 6.0
Weighted-average remaining period	1 year 7 months 6 days

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Defined Benefit Pension Plans (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Net periodic benefit cost for the plans in aggregate
Service cost	$ 937	$ 172	$ 1,527	$ 340
Interest cost on benefit obligations	183	210	368	413
Expected return on plan assets	(57)	(59)	(114)	(118)
Amortization of net loss	38	10	76	19
Total	$ 1,101	$ 333	$ 1,857	$ 654

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Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Intangible assets
Intangible assets, net	$ 145,075	$ 150,572
Intangible assets subject to amortization
Intangible assets	122,235	128,332
Developed technology [Member]
Intangible assets subject to amortization
Intangible assets	51,672	51,159
Customer relationships [Member]
Intangible assets subject to amortization
Intangible assets	57,117	61,609
In-process research and development [Member]
Intangible assets subject to amortization
Intangible assets	9,986	10,057
Other intangible assets [Member]
Intangible assets subject to amortization
Intangible assets	3,460	5,507
Trademarks and trade names [Member]
Intangible assets not subject to amortization
Intangible assets	$ 22,840	$ 22,240

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Acquisition

6 Months Ended

Jun. 30, 2012

Acquisition [Abstract]

ACQUISITION

NOTE 4 ACQUISITION

On January 13, 2012, the Company acquired all of the outstanding capital stock of ILX Lightwave Corporation (ILX) by means of a merger of a wholly owned subsidiary of the Company with and into ILX. The total purchase price for the acquisition was $9.0 million. An initial purchase price of $9.3 million was paid in cash at closing, of which $1.2 million was deposited at closing into escrow until July 12, 2013, to secure certain indemnification and other obligations of the ILX securityholders. The purchase price was subsequently reduced by $0.3 million, based on a calculation of ILX’s net assets at closing. The Company incurred $0.1 million in transaction costs, which have been expensed as incurred and are included in selling, general and administrative expenses in the accompanying consolidated statements of income and comprehensive income. This acquisition expands the Company’s optical power meter and fiber optic source product offerings, and adds laser diode instrumentation and laser diode and light emitting diode (LED) burn-in, test and characterization systems to its product portfolio. ILX is now a part of the Company’s Photonics and Precision Technologies (PPT) Division.

The consideration paid by the Company for the acquisition of ILX is allocated to the assets acquired, net of the liabilities assumed, based upon their estimated fair values as of the date of the acquisition. The excess of the purchase price over the estimated fair value of the assets acquired, net of the estimated fair value of the liabilities assumed, is recorded as goodwill. Below is a summary of the purchase price, assets acquired and liabilities assumed:

(In thousands)
Assets acquired and liabilities assumed:
Cash	$	44
Other assets		2,672
Goodwill		3,762
Developed technology		2,800
Customer relationships		1,100
Other intangible assets		1,090
Liabilities		(2,485	)
	$	8,983

The $3.8 million in goodwill has been allocated to the Company’s PPT Division and will not be deductible for tax purposes, as this was a merger.

The actual net sales and net income of ILX from January 13, 2012, the closing date of the acquisition, that were included in the Company’s consolidated statements of income and comprehensive income for the three and six months ended June 30, 2012 and July 2, 2011 are set forth in the table below. Also set forth in the table below are the pro forma net sales and net income of the Company during such periods, including the results of ILX as though the acquisition had occurred at the beginning of 2011. This supplemental pro forma financial information is presented for information purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisition had occurred as of the beginning of each reporting period.

	Three Months Ended				Six Months Ended
(In thousands)	June  30, 2012		July 2, 2011		June  30, 2012		July 2, 2011
Actual:
Net sales	$	1,778	$	—	$	3,562	$	—
Net income attributable to Newport Corporation	$	176	$	—	$	157	$	—
Supplemental pro forma information:
Net sales	$	153,655	$	132,037	$	310,862	$	261,982
Net income attributable to Newport Corporation	$	9,202	$	14,031	$	16,178	$	34,359

For the purposes of determining pro forma net income, adjustments were made to actual net income of the Company for all periods presented in the table above. The pro forma net income assumes amortization of acquired intangible assets began at the beginning of 2011 rather than on January 13, 2012. The result is a net decrease in amortization expense of $0.1 million and $0.2 million for the three and six months ended June 30, 2012, respectively, and an increase in amortization expense of $0.2 million and $0.6 million for the three and six months ended July 2, 2011, respectively. In addition, $0.1 million in charges to cost of sales related to inventory that was marked up to fair value for purchase accounting was added back to pro forma net income for the six months ended June 30, 2012 and subtracted from pro forma net income for the six months ended July 2, 2011. Transaction costs totaling $0.4 million, which were incurred prior to the closing of the acquisition, are also excluded from pro forma net income.

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Business Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Calculation of segment income
Sales to external customers	$ 153,655	$ 130,132	$ 310,822	$ 258,543
Segment, Continuing Operations [Member]
Calculation of segment income
Segment income	23,770	24,791	48,686	49,260
Photonics and Precision Technologies [Member]
Calculation of segment income
Sales to external customers	82,858	85,415	161,912	167,579
Segment income	18,987	20,746	34,982	40,411
Lasers [Member]
Calculation of segment income
Sales to external customers	44,734	44,717	93,961	90,964
Segment income	2,878	4,045	9,534	8,849
Ophir [Member]
Calculation of segment income
Sales to external customers	26,063		54,949
Segment income	$ 1,905		$ 4,170

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Supplemental Balance Sheet Information (Details 1) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011
Accrued Warranty Obligations
Balance at beginning of year	$ 4,466	$ 4,105
Additions charged to cost of sales	1,290	1,862
Additions from acquisitions	21
Warranty claims	(1,749)	(1,936)
Balance at end of period	$ 4,028	$ 4,031

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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Stock-Based Compensation [Abstract]

Schedule of stock-based compensation expenses

	Three Months Ended				Six Months Ended
(In thousands)	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Cost of sales	$	184	$	99	$	301	$	221
Selling, general and administrative expenses		1,469		929		3,308		2,597
Research and development expense		225		123		483		352
	$	1,878	$	1,151	$	4,092	$	3,170

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Interest and Other Expense, Net (Tables)

6 Months Ended

Jun. 30, 2012

Interest and Other Expense, Net [Abstract]

Interest and other expense, net

	Three Months Ended						Six Months Ended
(In thousands)	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Interest expense	$	(2,041	)	$	(2,102	)	$	(4,242	)	$	(4,202	)
Interest and dividend income		42			125			103			291
Derivative gain (loss)		(488	)		—			183			—
Bank and portfolio asset management fees		(170	)		(193	)		(334	)		(419	)
Other income (expense), net		(171	)		546			(725	)		301
	$	(2,828	)	$	(1,624	)	$	(5,015	)	$	(4,029	)

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Debt and Lines of Credit (Details Textual) In Millions, unless otherwise specified			6 Months Ended				6 Months Ended					6 Months Ended			6 Months Ended					6 Months Ended				6 Months Ended					6 Months Ended					6 Months Ended
	Dec. 31, 2011 USD ($)	Feb. 28, 2007 USD ($)	Jun. 30, 2012 Convertible Notes [Member]	Jun. 30, 2012 Revolving Credit Facility [Member] USD ($)	Jun. 30, 2012 Revolving Credit Facility [Member] Base Rate [Member]	Jun. 30, 2012 Revolving Credit Facility [Member] Eurodollar [Member]	Jun. 30, 2012 Revolving Credit Facility [Member] Minimum [Member] Base Rate [Member]	Jun. 30, 2012 Revolving Credit Facility [Member] Minimum [Member] Eurodollar [Member]	Jun. 30, 2012 Secured Debt [Member] USD ($)	Jun. 30, 2012 Secured Debt [Member] Base Rate [Member]	Jun. 30, 2012 Secured Debt [Member] Eurodollar [Member]	Jun. 30, 2012 Secured Debt [Member] Maximum [Member] Base Rate [Member]	Jun. 30, 2012 Secured Debt [Member] Maximum [Member] Eurodollar [Member]	Dec. 31, 2011 High Q Laser GmbH [Member] USD ($)	Jun. 30, 2012 Japanese private placement bonds due June 2014, interest at 0.62% [Member] Bond [Member] USD ($)	Jun. 30, 2012 Japanese private placement bonds due June 2014, interest at 0.62% [Member] Bond [Member] JPY (¥)	Jun. 30, 2012 Japanese amortizing loans due through November 2016, interest rates from 1.25% to 1.45% [Member]	Jun. 30, 2012 Japanese amortizing loans due through November 2016, interest rates from 1.25% to 1.45% [Member] Maximum [Member]	Jun. 30, 2012 Japanese amortizing loans due through November 2016, interest rates from 1.25% to 1.45% [Member] Minimum [Member]	Jun. 30, 2012 Japanese amortizing loans due through November 2016, interest rates from 1.25% to 1.45% [Member] Ophir Optronics Ltd. (Ophir) [Member]	Jun. 30, 2012 Austrian amortizing loans due through December 2020, interest rates from 2.23% to 3.25% [Member] Maximum [Member]	Jun. 30, 2012 Austrian amortizing loans due through December 2020, interest rates from 2.23% to 3.25% [Member] Minimum [Member]	Jun. 30, 2012 Austrian lines of credit, interest at 2.90% [Member]	Jun. 30, 2012 Israeli amortizing loans due through October 2015, interest rates from 2.97% to 4.50% [Member]	Jun. 30, 2012 Israeli amortizing loans due through October 2015, interest rates from 2.97% to 4.50% [Member] Maximum [Member]	Jun. 30, 2012 Israeli amortizing loans due through October 2015, interest rates from 2.97% to 4.50% [Member] Minimum [Member]	Jun. 30, 2012 Isreal Promissory Note [Member] USD ($)	Jun. 30, 2012 Japan Promissory Note [Member] USD ($)	Jun. 30, 2012 Japanese lines of credit [Member] USD ($)	Jun. 30, 2012 Japanese lines of credit [Member] JPY (¥)	Jun. 30, 2012 Japanese lines of credit [Member] Maximum [Member]	Jun. 30, 2012 Japanese lines of credit [Member] Minimum [Member]	Jun. 30, 2012 Term loan due October 2016, interest at 3.00% [Member]	Jun. 30, 2012 Trade Notes Receivable [Member] USD ($)	Jun. 30, 2012 Trade Notes Receivable [Member] JPY (¥)
Line of credit facility (Textual) [Abstract]
Convertible subordinated debt, value	$ 12.4	$ 175.0
Convertible subordinated debt, interest rate			2.50%
Number of credit facilities																													Four	Four
Line of credit facility, interest rate																															2.475%	1.18%		1.475%	1.475%
Line of credit, amount available for borrowing				63.6																									7.8					6.3
Number of agreements allow Company to sell of trade note receivables																																		Two	Two
Number of promissory notes																											6	7
Aggregate principal balance of promissory notes														4.2													4.9	1.5
Maximum interest rate on loan																	1.45%							4.50%
Senior secured credit facility, term loan				65					185
Maximum borrowing capacity of all credit facility																													13.4	1,100.0				6.9	550.0
Period of term loan				Five years					Five years
Initial margin over base interest rate					1.75%	2.75%				1.75%	2.75%
Range of margin over base interest rate							1.25%	2.25%				2.00%	3.00%
Amount outstanding on the term loan									175.8
Line of credit, outstanding amount																													5.6					0.6
Outstanding letter of credit				1.4
Long-term debt, net															$ 2.50	¥ 200.00
Minimum interest rate on loan																				1.25%				2.97%
Convertible subordinated debt, Maturity Date			Feb. 15, 2012
Short term loan interest			2.50%
Short term loan due date			February 2012
Effective interest rate on the term loan									3.00%						0.62%	0.62%		1.45%	1.25%		3.25%	2.23%	2.90%		4.50%	2.97%							3.00%
Private placement bond due date															Jun. 30, 2014	Jun. 30, 2014
Maturity date																	November 2016							October 2015					November 30, 2012	November 30, 2012

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Supplemental Balance Sheet Information (Details 2) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Accrued Expenses and Other Current Liabilities
Deferred revenue	$ 11,034	$ 12,383
Accrued and deferred tax liabilities	6,397	4,379
Deferred lease liability	5,148	5,201
Short-term accrued warranty obligations	3,889	4,342
Other	11,159	13,495
Total	$ 37,627	$ 39,800

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Debt and Lines of Credit (Tables)

6 Months Ended

Jun. 30, 2012

Debt and Lines of Credit [Abstract]

Schedule of short-term debt

(In thousands)	June 30, 2012		December 31, 2011
Short-term lines of credit	$	6,243	$	6,801
Convertible notes due February 2012, interest at 2.5%		—		12,356
Current portion of long-term debt		25,382		25,992
Total short-term borrowings	$	31,625	$	45,149

Schedule of long-term debt

(In thousands)	June 30, 2012		December 31, 2011
Japanese private placement bonds due June 2014, interest at 0.62%	$	2,506	$	2,576
Japanese amortizing loans due through November 2016, interest rates from 1.25% to 1.45%		928		954
Austrian amortizing loans due through December 2020, interest rates from 2.23% to 3.25%		—		270
Austrian lines of credit, interest at 2.90%		—		3,888
Israeli loans, due through October 2015, interest rates from 2.97% to 4.50%		2,884		3,855
Term loan due October 2016, interest at 3.00%		152,625		166,500
Total long-term debt	$	158,943	$	178,043

Schedule of maturities of debt obligation

(In thousands)
2012 (remaining)	$	16,696
2013		29,744
2014		32,204
2015		28,552
2016		83,372
Thereafter		—
	$	190,568

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Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2012

Net Income Per Share [Abstract]

Schedule of basic and diluted net income per share

	Three Months Ended				Six Months Ended
(In thousands, except per share data)	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Net income attributable to Newport Corporation	$	9,154	$	13,922	$	15,746	$	34,681
Shares:
Weighted average shares outstanding – basic		38,220		37,477		37,975		37,241
Dilutive potential common shares, using treasury stock method		678		1,311		940		1,571
Weighted average shares outstanding – diluted		38,898		38,788		38,915		38,812
Net income per share attributable to Newport Corporation:
Basic	$	0.24	$	0.37	$	0.41	$	0.93
Diluted	$	0.24	$	0.36	$	0.40	$	0.89

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Fair Value Measurements

6 Months Ended

Jun. 30, 2012

Fair Value Measurements [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 3 FAIR VALUE MEASUREMENTS

Accounting Standards Codification (ASC) 820-10, Fair Value Measurements and Disclosures, requires that for any assets and liabilities stated at fair value on a recurring basis in the Company’s financial statements, the fair value of such assets and liabilities be measured based on the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Level 1 asset and liability values are derived from quoted prices in active markets for identical assets and liabilities and Level 2 asset and liability values are derived from quoted prices in inactive markets or based on other observable inputs. The Company’s assets and liabilities measured at fair value on a recurring basis are categorized in the table below based upon their level within the fair value hierarchy as of June 30, 2012.

(In thousands)			Fair Value Measurements at Reporting Date Using
Description	June 30, 2012		Quoted Prices in Active  Markets for Identical Assets (Level 1)		Significant Other Observable  Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Restricted Cash	$	2,938	$	2,938	$	—	$	—
Marketable securities:
Equity securities		532		532		—		—
Certificates of deposit		4,244		—		4,244		—
		4,776		532		4,244		—
Derivative assets:
Forward contracts		6		—		6		—
Option contracts		546		—		546		—
		552		—		552		—
Pension assets not owned by plan		6,523		—		6,523		—
	$	14,789	$	3,470	$	11,319	$	—
Liabilities:
Derivative liabilities:
Forward contracts	$	170	$	—	$	170	$	—
Option contracts		853		—		853		—
	$	1,023	$	—	$	1,023	$	—

The Company’s assets and liabilities measured at fair value on a recurring basis are categorized in the table below based upon their level within the fair value hierarchy as of December 31, 2011.

(In thousands)			Fair Value Measurements at Reporting Date Using
Description	December 31, 2011		Quoted Prices in Active  Markets for Identical Assets (Level 1)		Significant Other Observable  Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Restricted Cash	$	12,367	$	12,367	$	—	$	—
Marketable securities:
Equity securities		542		542		—		—
Certificates of deposit		4,245		—		4,245		—
		4,787		542		4,245		—
Derivative assets:
Option contracts		117		—		117		—
Pension assets not owned by plan		6,572		—		6,572		—
	$	23,843	$	12,909	$	10,934	$	—
Liabilities:
Derivative liabilities:
Forward contracts		388		—		388		—
Option contracts		440		—		440		—
	$	828	$	—	$	828	$	—

The Company’s other financial instruments include short-term borrowings and long-term debt. The fair value of these financial instruments was estimated based on current rates for similar issues or on the current rates offered to the Company for debt of similar remaining maturities. The estimated fair values of these financial instruments were as follows:

	June 30, 2012				December 31, 2011
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term borrowings	$	31,625	$	31,239	$	45,149	$	44,063
Long-term debt	$	158,943	$	156,560	$	178,043	$	166,600

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Defined Benefit Pension Plans (Tables)

6 Months Ended

Jun. 30, 2012

Defined Benefit Pension Plans [Abstract]

Aggregate net periodic benefit costs for the plans

	Three Months Ended						Six Months Ended
(In thousands)	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Service cost	$	937		$	172		$	1,527		$	340
Interest cost on benefit obligations		183			210			368			413
Expected return on plan assets		(57	)		(59	)		(114	)		(118	)
Amortization of net loss		38			10			76			19
	$	1,101		$	333		$	1,857		$	654

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Acquisition (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Actual:
Net sales	$ 1,778		$ 3,562
Net income attributable to Newport Corporation	176		157
Supplemental pro forma information:
Net sales	153,655	132,037	310,862	261,982
Net income attributable to Newport Corporation	$ 9,202	$ 14,031	$ 16,178	$ 34,359

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Debt and Lines of Credit (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Schedule of short-term debt
Short-term lines of credit	$ 6,243	$ 6,801
Convertible note due February 2012, interest at 2.5%		12,356
Current portion of long-term debt	25,382	25,992
Total short-term borrowings	$ 31,625	$ 45,149

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Consolidated Statements of Income and Comprehensive Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Consolidated Statements of Income and Comprehensive Income [Abstract]
Net sales	$ 153,655	$ 130,132	$ 310,822	$ 258,543
Cost of sales	86,772	70,460	175,870	140,995
Gross profit	66,883	59,672	134,952	117,548
Selling, general and administrative expenses	41,887	32,739	85,947	63,212
Research and development expense	13,651	10,196	27,450	20,633
Operating income	11,345	16,737	21,555	33,703
Foreign currency translation gain from dissolution of subsidiary				7,198
Gain on sale of investment	5,298		5,298
Interest and other expense, net	(2,828)	(1,624)	(5,015)	(4,029)
Income before income taxes	13,815	15,113	21,838	36,872
Income tax provision	4,754	1,191	6,189	2,191
Net income	9,061	13,922	15,649	34,681
Net loss attributable to non-controlling interests	(93)		(97)
Net income attributable to Newport Corporation	9,154	13,922	15,746	34,681
Net income	9,061	13,922	15,649	34,681
Other comprehensive income:
Foreign currency translation gains (losses)	(3,485)	902	(1,898)	(3,135)
Unrecognized net pension gains	102	559	86	425
Unrealized gains on marketable securities	(140)	(900)	(107)	(762)
Comprehensive income	5,538	14,483	13,730	31,209
Comprehensive loss attributable to non-controlling interests	(69)		(115)
Comprehensive income attributable to Newport Corporation	5,607	14,483	13,845	31,209
Comprehensive income	$ 5,538	$ 14,483	$ 13,730	$ 31,209
Net income per share attributable to Newport Corporation:
Basic	$ 0.24	$ 0.37	$ 0.41	$ 0.93
Diluted	$ 0.24	$ 0.36	$ 0.40	$ 0.89
Shares used in per share calculations:
Basic	38,220	37,477	37,975	37,241
Diluted	38,898	38,788	38,915	38,812

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Supplemental Balance Sheet Information (Details 3) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Accumulated Other Comprehensive Loss
Cumulative foreign currency translation losses	$ (7,684)	$ (5,804)
Unrecognized net pension losses	(919)	(1,005)
Unrealized gains on marketable securities	713	820
Total	$ (7,890)	$ (5,989)

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Basis Of Presentation

6 Months Ended

Jun. 30, 2012

Basis Of Presentation [Abstract]

BASIS OF PRESENTATION

NOTE 1 BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements include the accounts of Newport Corporation and its wholly owned subsidiaries (collectively referred to as the Company) and have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions of Form 10-Q and Rule 10-01 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal and recurring accruals) considered necessary for a fair presentation have been included. All intercompany transactions and balances have been eliminated in consolidation.

The accompanying unaudited consolidated financial statements do not include certain footnotes and financial presentations normally required under generally accepted accounting principles (GAAP) and, therefore, should be read in conjunction with the consolidated financial statements and related notes contained in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2011. The results for the interim periods are not necessarily indicative of the results the Company will have for the full year ending December 29, 2012. The December 31, 2011 balances reported herein are derived from the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2011.

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Income Taxes (Details Textual) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Jun. 30, 2012
Income Taxes (Additional Textual) [Abstract]
Amount released as valuation allowance related to deferred tax assets of investments and capital loss carryovers	$ 1.4
Gross unrecognized tax benefits		16.4
Net unrecognized tax benefits		13.3
Domestic and foreign subsidiaries [Member]
Income Taxes (Textual) [Abstract]
Valuation allowance against domestic and foreign subsidiaries' deferred tax assets		$ 1.5

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Marketable Securities (Details 1) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Contractual maturities of certificates of deposit
Available-for-sale Securities	$ 4,776	$ 4,787
Certificates of deposit [Member]
Contractual maturities of certificates of deposit
0 - 1 Year	4,244
1 - 2 Years
2 - 3 Years
3 - 5 Years
5 - 10 Years
More than 10 years
Available-for-sale Securities	$ 4,244	$ 4,245

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Legal Proceedings (Details) (USD $) In Millions, unless otherwise specified	1 Months Ended
	May 31, 2012
General damages sought by plaintiffs in legal proceeding [Member]
Legal Proceedings (Textual) [Abstract]
Aggregate damages sought by plaintiffs in legal proceeding	$ 25.0
Special damages sought by plaintiffs in legal proceeding [Member]
Legal Proceedings (Textual) [Abstract]
Aggregate damages sought by plaintiffs in legal proceeding	$ 6.5

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Fair Value Measurements Policies (Policies)

6 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

Fair Value Measurements and Disclosures

Accounting Standards Codification (ASC) 820-10, Fair Value Measurements and Disclosures, requires that for any assets and liabilities stated at fair value on a recurring basis in the Company’s financial statements, the fair value of such assets and liabilities be measured based on the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Level 1 asset and liability values are derived from quoted prices in active markets for identical assets and liabilities and Level 2 asset and liability values are derived from quoted prices in inactive markets or based on other observable inputs. The Company’s assets and liabilities measured at fair value on a recurring basis are categorized in the table below based upon their level within the fair value hierarchy as of June 30, 2012.

Income Taxes - Interim Reporting

Under ASC 740-270, Income Taxes – Interim Reporting, the Company is required to evaluate and make any necessary adjustments to its effective tax rate each quarter as new information is obtained that may affect the assumptions used to estimate its annual effective tax rate. The Company’s assumptions relate to factors such as the projected level and mix of pre-tax earnings in the various tax jurisdictions in which it operates, valuation allowances against deferred tax assets, the recognition or derecognition of tax benefits related to uncertain tax positions, expected utilization of tax credits and changes in or the interpretation of tax laws in jurisdictions in which the Company conducts business. In addition, jurisdictions for which the Company has projected losses for the year, or a year-to-date loss, where no tax benefit can be recognized, are excluded from the calculation of the estimated annual effective tax rate. Changes in the assumptions and the inclusion or exclusion of certain jurisdictions could result in a higher or lower effective tax rate during a particular quarter.

Deferred income taxes are recognized for the future tax consequences of temporary differences using enacted statutory tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Temporary differences include the difference between the financial statement carrying amounts and the tax bases of existing assets and liabilities and operating loss and tax credit carryforwards. The effect of a change in tax rates on deferred taxes is recognized in income in the period that includes the enactment date. In accordance with the provisions of ASC 740, a valuation allowance for deferred tax assets is recorded to the extent the Company cannot determine that the ultimate realization of the net deferred tax assets is more likely than not. Realization of deferred tax assets is principally dependent upon the achievement of future taxable income, the estimation of which requires significant management judgment. During the first quarter of 2012, the Company released $1.4 million of its valuation allowance related to certain deferred tax assets due to the expected recovery of certain investments and capital loss carryovers. As of June 30, 2012, the Company could not determine that it is more likely than not that deferred tax assets related to domestic unrealized losses, certain foreign net operating loss carryforwards and other miscellaneous foreign deferred tax assets would be realized. Therefore, the Company has maintained a valuation allowance of $1.5 million against its domestic and certain foreign subsidiaries’ deferred tax assets.

The Company utilizes ASC 740-10-25, Income Taxes – Recognition, which requires income tax positions to meet a more-likely-than-not recognition threshold to be recognized in the financial statements. Under ASC 740-10-25, tax positions that previously failed to meet the more-likely-than-not threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. As a multi-national corporation, the Company is subject to taxation in many jurisdictions, and the calculation of its tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in various taxing jurisdictions. If the Company ultimately determines that the payment of these liabilities will be unnecessary, it reverses the liability and recognizes a tax benefit during the period in which it determines the liability no longer applies. Conversely, the Company records additional tax charges in a period in which it determines that a recorded tax liability is less than it expects the ultimate assessment to be. As a result of these adjustments, the Company’s effective tax rate in a given financial statement period could be materially affected. As of June 30, 2012, the Company had $16.4 million of gross unrecognized tax benefits and a total of $13.3 million of net unrecognized tax benefits, which, if recognized, would affect the effective tax rate. Interest and penalties related to unrecognized tax benefits were not significant as of June 30, 2012.

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Marketable Securities (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Gross realized gains and losses on sales of available for sale securities
Gross realized gains		$ 39		$ 66
Gross realized losses
Total		$ 39		$ 66

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Measurements [Abstract]

Summary of assets and liabilities measured at fair value on a recurring basis

(In thousands)			Fair Value Measurements at Reporting Date Using
Description	June 30, 2012		Quoted Prices in Active  Markets for Identical Assets (Level 1)		Significant Other Observable  Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Restricted Cash	$	2,938	$	2,938	$	—	$	—
Marketable securities:
Equity securities		532		532		—		—
Certificates of deposit		4,244		—		4,244		—
		4,776		532		4,244		—
Derivative assets:
Forward contracts		6		—		6		—
Option contracts		546		—		546		—
		552		—		552		—
Pension assets not owned by plan		6,523		—		6,523		—
	$	14,789	$	3,470	$	11,319	$	—
Liabilities:
Derivative liabilities:
Forward contracts	$	170	$	—	$	170	$	—
Option contracts		853		—		853		—
	$	1,023	$	—	$	1,023	$	—

(In thousands)			Fair Value Measurements at Reporting Date Using
Description	December 31, 2011		Quoted Prices in Active  Markets for Identical Assets (Level 1)		Significant Other Observable  Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Restricted Cash	$	12,367	$	12,367	$	—	$	—
Marketable securities:
Equity securities		542		542		—		—
Certificates of deposit		4,245		—		4,245		—
		4,787		542		4,245		—
Derivative assets:
Option contracts		117		—		117		—
Pension assets not owned by plan		6,572		—		6,572		—
	$	23,843	$	12,909	$	10,934	$	—
Liabilities:
Derivative liabilities:
Forward contracts		388		—		388		—
Option contracts		440		—		440		—
	$	828	$	—	$	828	$	—

Summary of carrying amount and estimated fair values of financial instruments

	June 30, 2012				December 31, 2011
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term borrowings	$	31,625	$	31,239	$	45,149	$	44,063
Long-term debt	$	158,943	$	156,560	$	178,043	$	166,600

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Marketable Securities

6 Months Ended

Jun. 30, 2012

Marketable Securities [Abstract]

MARKETABLE SECURITIES

NOTE 2 MARKETABLE SECURITIES

All marketable securities of the Company were classified as available for sale and were recorded at market value using the specific identification method, and unrealized gains and losses are reflected in accumulated other comprehensive loss in the accompanying consolidated balance sheets. The aggregate fair value of available for sale securities and aggregate amount of unrealized gains and losses for available for sale securities at June 30, 2012 were as follows:

(In thousands)	Aggregate Fair Value		Aggregate Amount of Unrealized
			Gains		Losses
Equity securities	$	532	$	88	$	—
Certificates of deposit		4,244		—		—
	$	4,776	$	88	$	—

The aggregate fair value of available for sale securities and aggregate amount of unrealized gains and losses for available for sale securities at December 31, 2011 were as follows:

(In thousands)	Aggregate Fair Value		Aggregate Amount of Unrealized
			Gains		Losses
Equity securities	$	542	$	93	$	—
Certificates of deposit		4,245		—		—
	$	4,787	$	93	$	—

The contractual maturities of certificates of deposit were as follows:

(In thousands)	June 30, 2012
0 – 1 Year	$	4,244
1 – 2 Years		—
2 – 3 Years		—
3 – 5 Years		—
5 – 10 Years		—
More than 10 years		—
	$	4,244

The gross realized gains and losses on sales of available for sale securities were as follows:

	Three Months Ended				Six Months Ended
(In thousands)	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Gross realized gains	$	—	$	39	$	—	$	66
Gross realized losses		—		—		—		—
	$	—	$	39	$	—	$	66

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Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 49,718	$ 55,701
Restricted cash	2,938	12,367
Marketable securities	4,776	4,787
Accounts receivable, net of allowance for doubtful accounts of $1,523 and $2,532 as of June 30, 2012 and December 31, 2011, respectively	100,742	97,690
Notes receivable	3,366	2,091
Inventories	108,718	112,968
Deferred income taxes	29,746	30,339
Prepaid expenses and other current assets	14,623	15,374
Total current assets	314,627	331,317
Property and equipment, net	86,267	89,873
Goodwill	146,793	143,259
Deferred income taxes	8,938	9,289
Intangible assets, net	145,075	150,572
Other assets	40,149	39,759
Total assets	741,849	764,069
Current liabilities:
Short-term borrowings, net	31,625	45,149
Accounts payable	31,067	30,856
Accrued payroll and related expenses	30,468	36,914
Accrued expenses and other current liabilities	37,627	39,800
Total current liabilities	130,787	152,719
Long-term debt, net	158,943	178,043
Accrued pension liabilities	24,887	24,444
Deferred income taxes and other liabilities	37,823	36,586
Commitments and contingencies
Stockholders' equity:
Common stock, par value $0.1167 per share, 200,000,000 shares authorized; 38,251,805 and 37,634,403 shares issued and outstanding as of June 30, 2012 and December 31, 2011, respectively	4,464	4,392
Capital in excess of par value	434,976	431,606
Accumulated other comprehensive loss	(7,890)	(5,989)
Accumulated deficit	(44,005)	(59,751)
Total stockholders' equity of Newport Corporation	387,545	370,258
Non-controlling interests	1,864	2,019
Total stockholders' equity	389,409	372,277
Total Liabilities and Stockholders' equity	$ 741,849	$ 764,069

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Stockholders' Equity Transactions

6 Months Ended

Jun. 30, 2012

Stockholders' Equity Transactions [Abstract]

STOCKHOLDERS' EQUITY TRANSACTIONS

NOTE 12 STOCKHOLDERS’ EQUITY TRANSACTIONS

In May 2008, the Board of Directors of the Company approved a share repurchase program, authorizing the purchase of up to 4.0 million shares of the Company’s common stock. No purchases were made under this program during the six months ended June 30, 2012. As of June 30, 2012, 3.9 million shares remained available for purchase under the program. However, the terms of the Company’s senior secured credit facility, as described in Note 9, restrict the Company’s ability to purchase additional shares under this program during the term of such facility.

In March 2012, the Company cancelled 0.2 million restricted stock units in payment by employees of taxes owed upon the vesting of restricted stock units issued to them under the Company’s stock incentive plans. The value of these restricted stock units totaled $3.1 million at the time they were cancelled.

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Document and Entity Information	6 Months Ended
	Jun. 30, 2012	Jul. 27, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	NEWPORT CORP
Entity Central Index Key	0000225263
Document Type	10-Q/A
Document Period End Date	Jun. 30, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-29
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		38,252,472

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Defined Benefit Pension Plans

6 Months Ended

Jun. 30, 2012

Defined Benefit Pension Plans [Abstract]

DEFINED BENEFIT PENSION PLANS

NOTE 13 DEFINED BENEFIT PENSION PLANS

The Company has defined benefit pension plans covering substantially all full-time employees in France, Germany, Israel and Japan. In addition, the Company has certain pension liabilities relating to former employees of the Company in the United Kingdom. The German plan is unfunded, as permitted under the plan and applicable laws. For financial reporting purposes, the calculation of net periodic pension costs is based upon a number of actuarial assumptions, including a discount rate for plan obligations, an assumed rate of return on pension plan assets and an assumed rate of compensation increase for employees covered by the plan. All of these assumptions are based upon management’s judgment, considering all known trends and uncertainties. Actual results that differ from these assumptions would impact future expense recognition and the cash funding requirements of the Company’s pension plans.

Net periodic benefit costs for the plans in aggregate included the following components:

	Three Months Ended						Six Months Ended
(In thousands)	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Service cost	$	937		$	172		$	1,527		$	340
Interest cost on benefit obligations		183			210			368			413
Expected return on plan assets		(57	)		(59	)		(114	)		(118	)
Amortization of net loss		38			10			76			19
	$	1,101		$	333		$	1,857		$	654

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Consolidated Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,523	$ 2,532
Common stock, par value	$ 0.1167	$ 0.1167
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	38,251,805	37,634,403
Common stock, shares outstanding	38,251,805	37,634,403

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Interest and Other Expense, Net

6 Months Ended

Jun. 30, 2012

Interest and Other Expense, Net [Abstract]

INTEREST AND OTHER EXPENSE, NET

NOTE 7 INTEREST AND OTHER EXPENSE, NET

Interest and other expense, net, was as follows:

	Three Months Ended						Six Months Ended
(In thousands)	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Interest expense	$	(2,041	)	$	(2,102	)	$	(4,242	)	$	(4,202	)
Interest and dividend income		42			125			103			291
Derivative gain (loss)		(488	)		—			183			—
Bank and portfolio asset management fees		(170	)		(193	)		(334	)		(419	)
Other income (expense), net		(171	)		546			(725	)		301
	$	(2,828	)	$	(1,624	)	$	(5,015	)	$	(4,029	)

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Intangible Assets

6 Months Ended

Jun. 30, 2012

Intangible Assets [Abstract]

INTANGIBLE ASSETS

NOTE 6 INTANGIBLE ASSETS

Intangible assets were as follows:

(In thousands)	June 30, 2012		December 31, 2011
Intangible assets subject to amortization:
Developed technology, net of accumulated amortization of $9,010 and $6,903 as of June 30, 2012 and December 31, 2011, respectively	$	51,672	$	51,159
Customer relationships, net of accumulated amortization of $22,053 and $16,500 as of June 30, 2012 and December 31, 2011, respectively		57,117		61,609
In-process research and development, net of accumulated amortization of $19 and $0 as of June 30, 2012 and December 31, 2011		9,986		10,057
Other, net of accumulated amortization of $4,456 and $1,996 as of June 30, 2012 and December 31, 2011, respectively		3,460		5,507
		122,235		128,332
Intangible assets not subject to amortization:
Trademarks and trade names		22,840		22,240
Intangible assets, net	$	145,075	$	150,572

Developed technology is amortized on a straight line basis over 10 to 20 years, depending on the life of the product technology. Intangible assets related to customer relationships are primarily amortized over a period of up to 10 years on an accelerated basis. In-process research and development is amortized on a straight line basis over the product’s estimated useful life upon completion of the technology. Other intangible assets include acquired backlog, product trademarks and trade names, non-competition agreements and defensible assets. With the exception of product trademarks and trade names, such assets are amortized on a straight line basis over a period of three months to 10 years, depending on the asset. Trademarks and trade names associated with products are amortized on a straight line basis over the estimated remaining life of the product technology, which ranges from 10 to 20 years. Trademarks and trade names associated with a business have indefinite lives and are not amortized.

Amortization expense related to intangible assets totaled $5.0 million and $10.2 million for the three and six months ended June 30, 2012, respectively, and $0.8 million and $1.5 million for the three and six months ended July 2, 2011, respectively.

Estimated aggregate amortization expense for future fiscal years is as follows:

(In thousands)	Estimated Aggregate Amortization Expense
2012 (remaining)	$	9,090
2013		15,843
2014		15,492
2015		13,972
2016		11,623
Thereafter		46,953
	$	112,973

The Company has excluded $9.3 million of amortization expense related to certain in-process research and development projects from the table above, as it was uncertain as of June 30, 2012 when the technology will be completed and when the amortization will begin.

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Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2012

Marketable Securities [Abstract]

Schedule of aggregate fair value of available for sale securities and aggregate amount of unrealized gains and losses

(In thousands)	Aggregate Fair Value		Aggregate Amount of Unrealized
			Gains		Losses
Equity securities	$	532	$	88	$	—
Certificates of deposit		4,244		—		—
	$	4,776	$	88	$	—

(In thousands)	Aggregate Fair Value		Aggregate Amount of Unrealized
			Gains		Losses
Equity securities	$	542	$	93	$	—
Certificates of deposit		4,245		—		—
	$	4,787	$	93	$	—

Contractual maturities of certificates of deposit

(In thousands)	June 30, 2012
0 – 1 Year	$	4,244
1 – 2 Years		—
2 – 3 Years		—
3 – 5 Years		—
5 – 10 Years		—
More than 10 years		—
	$	4,244

Gross realized gains and losses on sales of available for sale securities

	Three Months Ended				Six Months Ended
(In thousands)	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Gross realized gains	$	—	$	39	$	—	$	66
Gross realized losses		—		—		—		—
	$	—	$	39	$	—	$	66

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Business Segment Information

6 Months Ended

Jun. 30, 2012

Business Segment Information [Abstract]

BUSINESS SEGMENT INFORMATION

NOTE 14 BUSINESS SEGMENT INFORMATION

The operating segments reported below are the segments of the Company for which separate financial information is available and for which operating results are evaluated regularly by the Chief Executive Officer, who is the chief operating decision maker, in deciding how to allocate resources and in assessing performance. The Company develops, manufactures and markets its products within three distinct business segments, its PPT Division, its Lasers Division and its Ophir Division.

The Company measured income reported for each business segment, which included only those costs that were directly attributable to the operations of that segment, and excluded certain unallocated operating expenses, such as corporate overhead and intangible asset amortization, unallocated gains, interest and other expense, net, and income taxes.

(In thousands)	Photonics and Precision Technologies		Lasers		Ophir		Total
Three months ended June 30, 2012:
Sales to external customers	$	82,858	$	44,734	$	26,063	$	153,655
Segment income	$	18,987	$	2,878	$	1,905	$	23,770
Three months ended July 2, 2011:
Sales to external customers	$	85,415	$	44,717	$	—	$	130,132
Segment income	$	20,746	$	4,045	$	—	$	24,791
Six months ended June 30, 2012:
Sales to external customers	$	161,912	$	93,961	$	54,949	$	310,822
Segment income	$	34,982	$	9,534	$	4,170	$	48,686
Six months ended July 2, 2011:
Sales to external customers	$	167,579	$	90,964	$	—	$	258,543
Segment income	$	40,411	$	8,849	$	—	$	49,260

The following table reconciles segment income to consolidated income before income taxes:

	Three Months Ended						Six Months Ended
(In thousands)	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Segment income	$	23,770		$	24,791		$	48,686		$	49,260
Gain on sale of investment		5,298			—			5,298			—
Foreign currency translation gain from dissolution of subsidiary		—			—			—			7,198
Unallocated operating expenses		(12,425	)		(8,054	)		(27,131	)		(15,557	)
Interest and other expense, net		(2,828	)		(1,624	)		(5,015	)		(4,029	)
	$	13,815		$	15,113		$	21,838		$	36,872

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Net Income Per Share

6 Months Ended

Jun. 30, 2012

Net Income Per Share [Abstract]

NET INCOME PER SHARE

NOTE 10 NET INCOME PER SHARE

The following table sets forth the computation of basic and diluted net income per share:

	Three Months Ended				Six Months Ended
(In thousands, except per share data)	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Net income attributable to Newport Corporation	$	9,154	$	13,922	$	15,746	$	34,681
Shares:
Weighted average shares outstanding – basic		38,220		37,477		37,975		37,241
Dilutive potential common shares, using treasury stock method		678		1,311		940		1,571
Weighted average shares outstanding – diluted		38,898		38,788		38,915		38,812
Net income per share attributable to Newport Corporation:
Basic	$	0.24	$	0.37	$	0.41	$	0.93
Diluted	$	0.24	$	0.36	$	0.40	$	0.89

For the three and six months ended June 30, 2012, a total of 0.9 million stock options and stock appreciation rights, and for the three and six months ended July 2, 2011, 0.1 million stock options, were excluded from the computations of diluted net income per share, as their exercise prices (or base values) exceeded the average market price of the Company’s common stock during such periods, and their inclusion would have been antidilutive. For the three and six months ended June 30, 2012, 0.2 million restricted stock units were excluded from the computations of diluted net income per share, as the amount of unrecognized future compensation expense associated with these restricted stock units would have resulted in assumed proceeds in excess of the amount required to repurchase the underlying shares under the treasury stock method, and, therefore, their inclusion would have been antidilutive. For the three and six months ended June 30, 2012, an additional 0.4 million performance-based restricted stock units, and for the three and six months ended July 2, 2011, 0.3 million performance-based restricted stock units, were excluded from the computations of diluted net income per share, as the performance criteria for their vesting had not been met as of the end of such period.

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Stockholders' Equity Transactions (Details Textual) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Jun. 30, 2012	May 31, 2008
Stockholders' Equity (Textual) [Abstract]
Shares of common stock authorized to be repurchased			4.0
Remaining shares to be repurchased		3.9
Number of restricted stock units cancelled in payment of taxes owed by employees	0.2
Value of restricted stock units cancelled	$ 3.1

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Stock-Based Compensation

6 Months Ended

Jun. 30, 2012

Stock-Based Compensation [Abstract]

STOCK-BASED COMPENSATION

NOTE 8 STOCK-BASED COMPENSATION

During the six months ended June 30, 2012, the Company granted 0.5 million restricted stock units and 0.4 million stock-settled stock appreciation rights with weighted average grant date fair values of $17.11 and $7.92, respectively.

The total stock-based compensation expense included in the Company’s consolidated statements of income and comprehensive income was as follows:

	Three Months Ended				Six Months Ended
(In thousands)	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Cost of sales	$	184	$	99	$	301	$	221
Selling, general and administrative expenses		1,469		929		3,308		2,597
Research and development expense		225		123		483		352
	$	1,878	$	1,151	$	4,092	$	3,170

At June 30, 2012, the total compensation cost related to unvested stock-based awards granted to employees, officers and directors under the Company’s stock-based benefit plans that had not yet been recognized was $17.0 million (net of estimated forfeitures of $6.0 million). This future compensation expense will be amortized over a weighted-average period of 1.6 years using the straight-line attribution method. The actual compensation expense that the Company will recognize in the future related to unvested stock-based awards outstanding at June 30, 2012 will be adjusted for actual forfeitures and will be adjusted based on the Company’s determination as to the extent to which performance conditions applicable to any stock-based awards have been or will be achieved.

At June 30, 2012, 1.1 million stock options with a weighted-average exercise price of $13.37 per share, intrinsic value of $0.3 million and remaining contractual term of 1.6 years were outstanding and were exercisable. At June 30, 2012, 1.6 million stock-settled stock appreciation rights with a weighted-average base value of $11.04 per share, intrinsic value of $5.2 million and remaining contractual term of 5.0 years were outstanding, and 0.9 million stock-settled stock appreciation rights with a weighted-average base value of $7.02 per share, intrinsic value of $5.2 million and remaining contractual term of 4.1 years were exercisable.

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Debt and Lines of Credit

6 Months Ended

Jun. 30, 2012

Debt and Lines of Credit [Abstract]

DEBT AND LINES OF CREDIT

NOTE 9 DEBT AND LINES OF CREDIT

Convertible Notes

In February 2007, the Company issued $175 million in convertible subordinated notes. The notes were subordinated to all of the Company’s existing and future senior indebtedness, matured on February 15, 2012 and bore interest at a rate of 2.5% per year, payable in cash semiannually in arrears on February 15 and August 15 of each year.

At December 31, 2011, the Company had $12.4 million in convertible subordinated notes outstanding with a carrying value of $12.4 million, net of a nominal amount of remaining unamortized debt discount, which was included in short-term borrowings in the accompanying consolidated balance sheets. These notes matured on February 15, 2012 and have been fully repaid.

Lines of Credit and Loans

At June 30, 2012, the Company had (i) four revolving lines of credit with Japanese banks; (ii) two agreements with Japanese banks under which it sells trade notes receivable with recourse; (iii) seven promissory notes with Japanese banks; and (iv) six promissory notes with Israeli banks, as follows:

(i) The four revolving lines of credit with Japanese banks totaled 1.1 billion yen ($13.4 million at June 30, 2012), expire at various dates through November 30, 2012, and bear interest at rates ranging from 1.18% to 2.475%. Certain certificates of deposit held by the lending institution’s U.S. affiliate collateralize a portion of these balances. At June 30, 2012, the Company had $5.6 million outstanding and $7.8 million available for borrowing under these lines of credit. Amounts outstanding are included in short-term borrowings in the accompanying consolidated balance sheets.

(ii) The Company’s two agreements with Japanese banks, under which it sells trade notes receivable with recourse, allow the Company to sell receivables totaling up to 550 million yen ($6.9 million at June 30, 2012), have no expiration dates and bear interest at the prevailing bank rate, which was 1.475% at June 30, 2012. At June 30, 2012, the Company had $0.6 million outstanding and $6.3 million available for the sale of notes receivable under these agreements. Amounts outstanding under these agreements are included in short-term borrowings in the accompanying consolidated balance sheets, as the sale of these receivables has not met the criteria for sale treatment in accordance with ASC 860-30, Transfers and Servicing – Secured Borrowing and Collateral.

(iii) The Company’s seven promissory notes with Japanese banks have an aggregate principal balance of $1.5 million. Such loans bear interest at rates ranging from 1.25% to 1.45% and mature at various dates through November 2016. These loans are generally unsecured.

(iv) The Company’s six promissory notes with Israeli banks have an aggregate principal balance of $4.9 million. Such loans bear interest at rates ranging from 2.97% to 4.50% and mature at various dates through October 2015. These loans are generally secured by pledges of and liens on certain of the Company’s Ophir Division’s assets.

As part of the acquisition of High Q, the Company assumed certain loans and lines of credit, which had an aggregate balance of $4.2 million as of December 31, 2011. Such loans were repaid during the first quarter of 2012.

Secured Credit Facility

In October 2011, the Company entered into a credit agreement with certain lenders (Credit Agreement). The Credit Agreement and related security agreement provide for a senior secured credit facility consisting of a $185 million term loan and a $65 million revolving line of credit, each with a term of five years, which is secured by substantially all of the Company’s domestic assets as well as a pledge of certain shares of its subsidiaries. The initial interest rates per annum applicable to amounts outstanding under the term loan and the revolving line of credit are, at the Company’s option, either (a) the base rate as defined in the Credit Agreement (Base Rate) plus 1.75%, or (b) the Eurodollar Rate as defined in the Credit Agreement (Eurodollar Rate) plus 2.75%. The margins over the Base Rate and Eurodollar Rate applicable to the term loan and loans outstanding under the revolving line of credit are subject to adjustment in future periods based on the Company’s consolidated leverage ratio, as defined in and calculated pursuant to the Credit Agreement; provided, that the maximum applicable margins are 2.00% for Base Rate loans and 3.00% for Eurodollar Rate loans, and the minimum applicable margins are 1.25% for Base Rate loans and 2.25% for Eurodollar Rate loans. Principal amortization and interest payments on the term loan are due quarterly. At June 30, 2012, the Company had a remaining balance of $175.8 million outstanding on the term loan with an effective interest rate of 3.00%. At June 30, 2012, there was no balance outstanding under the revolving line of credit, with $63.6 million available after considering outstanding letters of credit totaling $1.4 million. The Company’s ability to borrow funds under the revolving line of credit is subject to certain conditions, including compliance with certain covenants and making certain representations and warranties.

Japanese Bonds

In June 2011, the Company issued 200 million yen ($2.5 million at June 30, 2012) in private placement bonds through a Japanese bank. These bonds bear interest at a rate of 0.62% per year, payable in cash semiannually in arrears on June 30 and December 31 of each year, and mature on June 30, 2014. The bonds are included in long-term debt in the accompanying consolidated balance sheets.

Total short-term debt was as follows:

(In thousands)	June 30, 2012		December 31, 2011
Short-term lines of credit	$	6,243	$	6,801
Convertible notes due February 2012, interest at 2.5%		—		12,356
Current portion of long-term debt		25,382		25,992
Total short-term borrowings	$	31,625	$	45,149

Total long-term debt was as follows:

(In thousands)	June 30, 2012		December 31, 2011
Japanese private placement bonds due June 2014, interest at 0.62%	$	2,506	$	2,576
Japanese amortizing loans due through November 2016, interest rates from 1.25% to 1.45%		928		954
Austrian amortizing loans due through December 2020, interest rates from 2.23% to 3.25%		—		270
Austrian lines of credit, interest at 2.90%		—		3,888
Israeli loans, due through October 2015, interest rates from 2.97% to 4.50%		2,884		3,855
Term loan due October 2016, interest at 3.00%		152,625		166,500
Total long-term debt	$	158,943	$	178,043

Maturities of the Company’s debt obligations as of June 30, 2012 were as follows:

(In thousands)
2012 (remaining)	$	16,696
2013		29,744
2014		32,204
2015		28,552
2016		83,372
Thereafter		—
	$	190,568

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Income Taxes

6 Months Ended

Jun. 30, 2012

Income Taxes [Abstract]

INCOME TAXES

NOTE 11 INCOME TAXES

Under ASC 740-270, Income Taxes – Interim Reporting, the Company is required to evaluate and make any necessary adjustments to its effective tax rate each quarter as new information is obtained that may affect the assumptions used to estimate its annual effective tax rate. The Company’s assumptions relate to factors such as the projected level and mix of pre-tax earnings in the various tax jurisdictions in which it operates, valuation allowances against deferred tax assets, the recognition or derecognition of tax benefits related to uncertain tax positions, expected utilization of tax credits and changes in or the interpretation of tax laws in jurisdictions in which the Company conducts business. In addition, jurisdictions for which the Company has projected losses for the year, or a year-to-date loss, where no tax benefit can be recognized, are excluded from the calculation of the estimated annual effective tax rate. Changes in the assumptions and the inclusion or exclusion of certain jurisdictions could result in a higher or lower effective tax rate during a particular quarter.

Deferred income taxes are recognized for the future tax consequences of temporary differences using enacted statutory tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Temporary differences include the difference between the financial statement carrying amounts and the tax bases of existing assets and liabilities and operating loss and tax credit carryforwards. The effect of a change in tax rates on deferred taxes is recognized in income in the period that includes the enactment date. In accordance with the provisions of ASC 740, a valuation allowance for deferred tax assets is recorded to the extent the Company cannot determine that the ultimate realization of the net deferred tax assets is more likely than not. Realization of deferred tax assets is principally dependent upon the achievement of future taxable income, the estimation of which requires significant management judgment. During the first quarter of 2012, the Company released $1.4 million of its valuation allowance related to certain deferred tax assets due to the expected recovery of certain investments and capital loss carryovers. As of June 30, 2012, the Company could not determine that it is more likely than not that deferred tax assets related to domestic unrealized losses, certain foreign net operating loss carryforwards and other miscellaneous foreign deferred tax assets would be realized. Therefore, the Company has maintained a valuation allowance of $1.5 million against its domestic and certain foreign subsidiaries’ deferred tax assets.

The Company utilizes ASC 740-10-25, Income Taxes – Recognition, which requires income tax positions to meet a more-likely-than-not recognition threshold to be recognized in the financial statements. Under ASC 740-10-25, tax positions that previously failed to meet the more-likely-than-not threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. As a multi-national corporation, the Company is subject to taxation in many jurisdictions, and the calculation of its tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in various taxing jurisdictions. If the Company ultimately determines that the payment of these liabilities will be unnecessary, it reverses the liability and recognizes a tax benefit during the period in which it determines the liability no longer applies. Conversely, the Company records additional tax charges in a period in which it determines that a recorded tax liability is less than it expects the ultimate assessment to be. As a result of these adjustments, the Company’s effective tax rate in a given financial statement period could be materially affected. As of June 30, 2012, the Company had $16.4 million of gross unrecognized tax benefits and a total of $13.3 million of net unrecognized tax benefits, which, if recognized, would affect the effective tax rate. Interest and penalties related to unrecognized tax benefits were not significant as of June 30, 2012.

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Gain on Sale of Investment (Details Textual) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2012	Dec. 31, 2008
Gain on Sale of Investment (Textual) [Abstract]
Carrying value of investment	$ 0	$ 0
Proceeds from sale of investment	$ 5,300,000

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Business Segment Information (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Reconciles segment income to consolidated income before income taxes
Gain on sale of investment	$ 5,298		$ 5,298
Foreign currency translation gain from dissolution of subsidiary				7,198
Unallocated operating expenses	(12,425)	(8,054)	(27,131)	(15,557)
Interest and other expense, net	(2,828)	(1,624)	(5,015)	(4,029)
Income before income taxes	13,815	15,113	21,838	36,872
Segment, Continuing Operations [Member]
Reconciles segment income to consolidated income before income taxes
Segment income	$ 23,770	$ 24,791	$ 48,686	$ 49,260

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Marketable Securities (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Schedule of aggregate fair value of available for sale securities and aggregate amount of unrealized gains and losses
Aggregate Fair Value	$ 4,776	$ 4,787
Aggregate Amount of Unrealized Gains	88	93
Aggregate Amount of Unrealized Losses
Equity securities [Member]
Schedule of aggregate fair value of available for sale securities and aggregate amount of unrealized gains and losses
Aggregate Fair Value	532	542
Aggregate Amount of Unrealized Gains	88	93
Aggregate Amount of Unrealized Losses
Certificates of deposit [Member]
Schedule of aggregate fair value of available for sale securities and aggregate amount of unrealized gains and losses
Aggregate Fair Value	4,244	4,245
Aggregate Amount of Unrealized Gains
Aggregate Amount of Unrealized Losses

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Stock-Based Compensation (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Schedule of stock-based compensation expenses
Stock-based compensation expense	$ 1,878	$ 1,151	$ 4,092	$ 3,170
Cost of sales [Member]
Schedule of stock-based compensation expenses
Stock-based compensation expense	184	99	301	221
Selling, general and administrative expenses [Member]
Schedule of stock-based compensation expenses
Stock-based compensation expense	1,469	929	3,308	2,597
Research and development expense [Member]
Schedule of stock-based compensation expenses
Stock-based compensation expense	$ 225	$ 123	$ 483	$ 352

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Legal Proceedings

6 Months Ended

Jun. 30, 2012

Legal Proceedings [Abstract]

LEGAL PROCEEDINGS

NOTE 16 LEGAL PROCEEDINGS

On January 21, 2011, two former employees of Spectra-Physics, together with two of their children, brought suit against Spectra-Physics and the Company in the Superior Court for Santa Clara County, California. In the action, the plaintiffs allege that between 1975 and 1985 they and their unborn children were exposed to toxic chemicals during their work at Spectra-Physics, and that Spectra-Physics failed to warn them about dangers associated with the chemicals and failed to implement adequate safeguards to protect them from the chemicals, resulting in injuries to them and their unborn children.

In May 2012, the plaintiffs filed their response to the Company’s demand for a statement of damages, in which they indicated they are seeking an aggregate of $25 million in general damages, $6.5 million in special damages and exemplary and punitive damages to be established by the trier of fact. The Company disputes that the plaintiffs are entitled to any damages, and it continues to believe that the plaintiffs’ claims are without merit and intends to vigorously defend its position. Discovery in this action is ongoing, and at this stage of this action, the Company is unable to provide an estimate of the potential exposure or the likelihood of a favorable or unfavorable outcome in this action.

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Supplemental Balance Sheet Information (Tables)

6 Months Ended

Jun. 30, 2012

Supplemental Balance Sheet Information [Abstract]

Inventories

(In thousands)	June  30, 2012		December  31, 2011
Raw materials and purchased parts	$	65,117	$	65,054
Work in process		18,619		19,257
Finished goods		24,982		28,657
	$	108,718	$	112,968

Accrued Warranty Obligations

	Six Months Ended
(In thousands)	June 30, 2012			July 2, 2011
Balance at beginning of year	$	4,466		$	4,105
Additions charged to cost of sales		1,290			1,862
Additions from acquisitions		21			—
Warranty claims		(1,749	)		(1,936	)
Balance at end of period	$	4,028		$	4,031

Accrued Expenses and Other Current Liabilities

(In thousands)	June 30, 2012		December 31, 2011
Deferred revenue	$	11,034	$	12,383
Accrued and deferred tax liabilities		6,397		4,379
Deferred lease liability		5,148		5,201
Short-term accrued warranty obligations		3,889		4,342
Other		11,159		13,495
	$	37,627	$	39,800

Accumulated Other Comprehensive Loss

(In thousands)	June 30, 2012			December 31, 2011
Cumulative foreign currency translation losses	$	(7,684	)	$	(5,804	)
Unrecognized net pension losses		(919	)		(1,005	)
Unrealized gains on marketable securities		713			820
	$	(7,890	)	$	(5,989	)

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Intangible Assets (Details Textual) (USD $)	3 Months Ended		6 Months Ended						6 Months Ended				6 Months Ended					6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012 Other Maximum [Member]	Jun. 30, 2012 Other Minimum [Member]	Jun. 30, 2012 Developed technology [Member]	Dec. 31, 2011 Developed technology [Member]	Jun. 30, 2012 Developed technology [Member] Other Maximum [Member]	Jun. 30, 2012 Developed technology [Member] Other Minimum [Member]	Jun. 30, 2012 Customer relationships [Member]	Dec. 31, 2011 Customer relationships [Member]	Jun. 30, 2012 Customer relationships [Member] Other Maximum [Member]	Jun. 30, 2012 In-process research and development [Member]	Dec. 31, 2011 In-process research and development [Member]	Jun. 30, 2012 Other intangible assets [Member]	Dec. 31, 2011 Other intangible assets [Member]	Jun. 30, 2012 Trademarks and trade names associated with products [Member] Other Maximum [Member]	Jun. 30, 2012 Trademarks and trade names associated with products [Member] Other Minimum [Member]
Intangible Assets (Textual) [Abstract]
Accumulated amortization							$ 9,010,000	$ 6,903,000			$ 22,053,000	$ 16,500,000		$ 19,000	$ 0	$ 4,456,000	$ 1,996,000
Intangible asset amortized period					3 months	10 years			20 years	10 years			10 years					20 years	10 years
Intangible Assets (Additional Textual) [Abstract]
Amortization expense related to intangible assets	5,000,000	800,000	10,200,000	1,500,000
Future IPR&D expense excluded from estimated future expense	$ 9,300,000		$ 9,300,000

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Acquisition (Details Textual) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011	Jan. 13, 2012
Acquisition (Textual) [Abstract]
Name of acquired entity			ILX Lightwave Corporation
Date of acquisition			Jan. 13, 2012
Purchase price of the acquisition					$ 9.0
Initial purchase price					9.3
Purchase price deposited at closing into escrow until July 12, 2013					1.2
Escrow Expiration Date					July 12, 2013
Net asset adjustment					0.3
Business combination, transaction costs incurred					0.1
PPT goodwill allocation					3.8
Pro forma decrease in amortization expense	0.1		0.2
Pro forma increase in amortization expense		0.2		0.6
Charges to cost of sales related to inventory added back to pro forma net income			0.1
Pro forma transaction costs			$ 0.4

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Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 15,649	$ 34,681
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	21,365	8,714
Amortization of discount on convertible subordinated notes	12	2,081
Gain on sale of assets	(5,323)	(619)
Foreign currency gain		(7,198)
Provision for losses on inventories	3,790	2,177
Stock-based compensation expense	4,092	3,170
Provision for doubtful accounts	191	319
Loss on disposal of property and equipment	130	94
Deferred income taxes	1,361	278
Increase (decrease) in cash, net of acquisition, due to changes in:
Accounts and notes receivable	(3,915)	(1,185)
Inventories	(1,803)	(12,547)
Prepaid expenses and other assets	448	(217)
Accounts payable	703	(7,049)
Accrued payroll and related expenses	(6,604)	(6,077)
Accrued expenses and other liabilities	(1,963)	2,036
Other long-term liabilities	180	185
Net cash provided by operating activities	28,313	18,843
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(6,186)	(5,209)
Restricted cash	9,412
Gain on sale of assets	5,323	619
Business acquisition, net of cash acquired	(8,939)
Purchase of marketable securities	(1,206)	(74,731)
Proceeds from the sale of marketable securities	1,161	86,330
Net cash provided by (used in) investing activities	(435)	7,009
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long-term debt		2,440
Repayment of long-term debt and obligations under capital leases	(15,420)	(87)
Proceeds from short-term borrowings	5,207	14,812
Repayment of short-term borrowings	(22,250)	(17,923)
Proceeds from the issuance of common stock under employee plans	2,403	2,426
Tax withholding payments related to net share settlement of equity awards	(3,053)	(3,435)
Net cash used in financing activities	(33,113)	(1,767)
Impact of foreign exchange rate changes on cash balances	(748)	1,574
Net increase (decrease) in cash and cash equivalents	(5,983)	25,659
Cash and cash equivalents at beginning of period	55,701	90,992
Cash and cash equivalents at end of period	49,718	116,651
Cash paid during the period for:
Interest	3,501	1,758
Income taxes, net	2,837	1,124
Property and equipment accrued in accounts payable	$ 138	$ 122

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Supplemental Balance Sheet Information

6 Months Ended

Jun. 30, 2012

Supplemental Balance Sheet Information [Abstract]

SUPPLEMENTAL BALANCE SHEET INFORMATION

NOTE 5 SUPPLEMENTAL BALANCE SHEET INFORMATION

Inventories

Inventories that are expected to be sold within one year are classified as current inventories and are included in inventories in the accompanying consolidated balance sheets. Such inventories were as follows:

(In thousands)	June  30, 2012		December  31, 2011
Raw materials and purchased parts	$	65,117	$	65,054
Work in process		18,619		19,257
Finished goods		24,982		28,657
	$	108,718	$	112,968

Accrued Warranty Obligations

Unless otherwise stated in the Company’s product literature or in its agreements with customers, products sold by the Company’s PPT Division generally carry a one-year warranty from the original invoice date on all product materials and workmanship, other than filters and gratings products, which generally carry a 90-day warranty. Products of this division sold to original equipment manufacturer (OEM) customers generally carry longer warranties, typically 15 to 19 months. Products sold by the Company’s Lasers Division carry warranties that vary by product and product component, but that generally range from 90 days to two years. In certain cases, such warranties for Lasers Division products are limited by either a set time period or a maximum amount of usage of the product, whichever occurs first. Products sold by the Company’s Ophir Division generally carry a one-year warranty, except for laser beam profilers and dental CAD/CAM scanners, which generally carry a two-year warranty. Defective products will be either repaired or replaced, generally at the Company’s option, upon meeting certain criteria. The Company accrues a provision for the estimated costs that may be incurred for warranties relating to a product (based on historical experience) as a component of cost of sales. Short-term accrued warranty obligations, which expire within one year, are included in accrued expenses and other current liabilities and long-term warranty obligations are included in deferred income taxes and other liabilities in the accompanying consolidated balance sheets. Short-term warranty obligations were $3.9 million and $4.3 million as of June 30, 2012 and December 31, 2011, respectively. As of June 30, 2012 and December 31, 2011, the amounts accrued for long-term warranty obligations were not material.

The activity in accrued warranty obligations was as follows:

	Six Months Ended
(In thousands)	June 30, 2012			July 2, 2011
Balance at beginning of year	$	4,466		$	4,105
Additions charged to cost of sales		1,290			1,862
Additions from acquisitions		21			—
Warranty claims		(1,749	)		(1,936	)
Balance at end of period	$	4,028		$	4,031

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities were as follows:

(In thousands)	June 30, 2012		December 31, 2011
Deferred revenue	$	11,034	$	12,383
Accrued and deferred tax liabilities		6,397		4,379
Deferred lease liability		5,148		5,201
Short-term accrued warranty obligations		3,889		4,342
Other		11,159		13,495
	$	37,627	$	39,800

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss consisted of the following:

(In thousands)	June 30, 2012			December 31, 2011
Cumulative foreign currency translation losses	$	(7,684	)	$	(5,804	)
Unrecognized net pension losses		(919	)		(1,005	)
Unrealized gains on marketable securities		713			820
	$	(7,890	)	$	(5,989	)

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Net Income Per Share (Details Textual) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Stock Options [Member]
Earning per share dilutive effect (Textual) [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	0.9	0.1	0.9	0.1
Restricted stock units [Member]
Earning per share dilutive effect (Textual) [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	0.2		0.2
Performance-based restricted stock units [Member]
Earning per share dilutive effect (Textual) [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	0.4	0.3	0.4	0.3

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Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2012

Intangible Assets [Abstract]

Intangible assets

(In thousands)	June 30, 2012		December 31, 2011
Intangible assets subject to amortization:
Developed technology, net of accumulated amortization of $9,010 and $6,903 as of June 30, 2012 and December 31, 2011, respectively	$	51,672	$	51,159
Customer relationships, net of accumulated amortization of $22,053 and $16,500 as of June 30, 2012 and December 31, 2011, respectively		57,117		61,609
In-process research and development, net of accumulated amortization of $19 and $0 as of June 30, 2012 and December 31, 2011		9,986		10,057
Other, net of accumulated amortization of $4,456 and $1,996 as of June 30, 2012 and December 31, 2011, respectively		3,460		5,507
		122,235		128,332
Intangible assets not subject to amortization:
Trademarks and trade names		22,840		22,240
Intangible assets, net	$	145,075	$	150,572

Estimated aggregate amortization expense

(In thousands)	Estimated Aggregate Amortization Expense
2012 (remaining)	$	9,090
2013		15,843
2014		15,492
2015		13,972
2016		11,623
Thereafter		46,953
	$	112,973

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Fair Value Measurements (Details 1) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Summary of carrying amount and estimated fair values of financial instruments
Short-term borrowings, net	$ 31,625	$ 45,149
Long-term debt, net	158,943	178,043
Carrying Amount [Member]
Summary of carrying amount and estimated fair values of financial instruments
Short-term borrowings, net	31,625	45,149
Long-term debt, net	158,943	178,043
Fair Value [Member]
Summary of carrying amount and estimated fair values of financial instruments
Short-term borrowings	31,239	44,063
Long-term debt	$ 156,560	$ 166,600

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Gain on Sale of Investment

6 Months Ended

Jun. 30, 2012

Gain on Sale of Investment [Abstract]

GAIN ON SALE OF INVESTMENT

NOTE 15 GAIN ON SALE OF INVESTMENT

The Company has held an equity interest in a privately-held U.S. corporation, which was accounted for using the cost method. The Company had reduced the carrying value of this interest to zero during 2008 due to the investee’s poor financial condition at that time. In the second quarter of 2012, the investee was acquired in a merger transaction, and the Company received $5.3 million for its interest as a result of the acquisition.