XML 88 R17.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Earnings (Loss) per Share | 12 Months Ended
--- | ---
Dec. 31, 2013
Earnings (Loss) per Share | 9. Earnings (Loss) per Share Basic earnings (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the year. For diluted earnings (loss) per common share, the denominator also includes the dilutive effect of outstanding restricted stock awards and restricted stock units determined using the treasury stock method. For years in which net losses are generated, the dilutive potential common shares are excluded from the calculation of diluted earnings per share as the effect would be anti-dilutive. The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Numerators: |  |  |  |  |  |  |  |  |  |  |  |
Consolidated income from continuing operations |  | $ | 8,850 |  |  | $ | 22,474 |  |  | $ | 21,676 |
Less: Income attributable to noncontrolling interest |  |  | (22 | ) |  |  | (40 | ) |  |  | (28 | )
Income from continuing operations attributable to GSI Group Inc. |  |  | 8,828 |  |  |  | 22,434 |  |  |  | 21,648 |
Income (loss) from discontinued operations. |  |  | (1,519 | ) |  |  | (2,896 | ) |  |  | 7,325 |
Net income attributable to GSI Group Inc. |  | $ | 7,309 |  |  | $ | 19,538 |  |  | $ | 28,973 |
Denominators: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding—basic |  |  | 34,073 |  |  |  | 33,775 |  |  |  | 33,481 |
Dilutive potential common shares |  |  | 323 |  |  |  | 161 |  |  |  | 108 |
Weighted average common shares outstanding—diluted |  |  | 34,396 |  |  |  | 33,936 |  |  |  | 33,589 |
Antidilutive common shares excluded from above |  |  | 246 |  |  |  | 244 |  |  |  | 132 |
Basic Earnings (Loss) per Common Share: |  |  |  |  |  |  |  |  |  |  |  |
From continuing operations |  | $ | 0.26 |  |  | $ | 0.66 |  |  | $ | 0.65 |
From discontinued operations |  | $ | (0.05 | ) |  | $ | (0.08 | ) |  | $ | 0.22 |
Basic earnings per share attributable to GSI Group Inc. |  | $ | 0.21 |  |  | $ | 0.58 |  |  | $ | 0.87 |
Diluted Earnings (Loss) per Common Share: |  |  |  |  |  |  |  |  |  |  |  |
From continuing operations |  | $ | 0.26 |  |  | $ | 0.66 |  |  | $ | 0.64 |
From discontinued operations |  | $ | (0.05 | ) |  | $ | (0.08 | ) |  | $ | 0.22 |
Diluted earnings per share attributable to GSI Group Inc. |  | $ | 0.21 |  |  | $ | 0.58 |  |  | $ | 0.86 |
Common Stock Repurchases In October 2013, the Company’s Board of Directors authorized a share repurchase plan under which the Company may repurchase outstanding shares of the Company’s common stock up to an aggregate amount of $10.0 million. The shares may be repurchased from time to time, at the Company’s discretion, based on ongoing assessment of the capital needs of the business, the market price of the Company’s common stock, and general market conditions. Shares may also be repurchased through an accelerated stock purchase agreement, on the open market or in privately negotiated transactions in accordance with applicable federal securities laws. Repurchases may be made under certain SEC regulations, which would permit common stock to be purchased when the Company would otherwise be prohibited from doing so under insider trading laws. The share repurchase plan does not obligate the Company to acquire any particular amount of common stock. No time limit was set for the completion of the share repurchase program, and the program may be suspended or discontinued at any time. In December 2013, the Company repurchased 50 thousand shares of its common stock in the open market for $0.5 million at an average price of $10.49.

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration