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Selected Consolidated Financial Data (Tables) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information | The following tables reflect the Company’s unaudited condensed consolidated statements of operations (in thousands except per share data):
|  | Three Months Ended |
|  | December 31, 2013 |  |  | September 27, 2013 |  |  | June 28, 2013 |  |  | March 29, 2013 |
Sales |  | $ | 87,707 |  |  | $ | 85,484 |  |  | $ | 85,307 |  |  | $ | 83,114 |
Cost of goods sold |  |  | 51,711 |  |  |  | 49,693 |  |  |  | 50,808 |  |  |  | 49,951 |
Gross profit |  |  | 35,996 |  |  |  | 35,791 |  |  |  | 34,499 |  |  |  | 33,163 |
Operating expenses |  |  | 29,319 |  |  |  | 30,073 |  |  |  | 30,152 |  |  |  | 32,214 |
Income from operations |  |  | 6,677 |  |  |  | 5,718 |  |  |  | 4,347 |  |  |  | 949 |
Interest income (expense) and other income (expense), net |  |  | (847 | ) |  |  | (1,936 | ) |  |  | (1,048 | ) |  |  | 670 |
Income from continuing operations before income taxes |  |  | 5,830 |  |  |  | 3,782 |  |  |  | 3,299 |  |  |  | 1,619 |
Income tax provision |  |  | 1,463 |  |  |  | 1,610 |  |  |  | 2,457 |  |  |  | 150 |
Income from continuing operations |  |  | 4,367 |  |  |  | 2,172 |  |  |  | 842 |  |  |  | 1,469 |
Income (loss) from discontinued operations, net of tax. |  |  | (79 | ) |  |  | (113 | ) |  |  | (1,384 | ) |  |  | 649 |
Loss on disposal of discontinued operations, net of tax |  |  | — |  |  |  | (281 | ) |  |  | (311 | ) |  |  | — |
Consolidated net income (loss) |  |  | 4,288 |  |  |  | 1,778 |  |  |  | (853 | ) |  |  | 2,118 |
Net (income) loss attributable to noncontrolling interest |  |  | 20 |  |  |  | 12 |  |  |  | (18 | ) |  |  | (36 | )
Net income (loss) attributable to GSI Group Inc |  | $ | 4,308 |  |  | $ | 1,790 |  |  | $ | (871 | ) |  | $ | 2,082 |
Earnings from continuing operations per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.13 |  |  | $ | 0.06 |  |  | $ | 0.02 |  |  | $ | 0.04 |
Diluted |  | $ | 0.13 |  |  | $ | 0.06 |  |  | $ | 0.02 |  |  | $ | 0.04 |
Earnings (loss) from discontinued operations per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | — |  |  | $ | (0.01 | ) |  | $ | (0.05 | ) |  | $ | 0.02 |
Diluted |  | $ | — |  |  | $ | (0.01 | ) |  | $ | (0.05 | ) |  | $ | 0.02 |
Net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.13 |  |  | $ | 0.05 |  |  | $ | (0.03 | ) |  | $ | 0.06 |
Diluted |  | $ | 0.13 |  |  | $ | 0.05 |  |  | $ | (0.03 | ) |  | $ | 0.06 |
|  | Three Months Ended |
|  | December 31, 2012 |  |  | September 28, 2012 |  |  | June 29, 2012 |  |  | March 30, 2012 |
Sales |  | $ | 66,413 |  |  | $ | 69,520 |  |  | $ | 70,379 |  |  | $ | 65,186 |
Cost of goods sold |  |  | 39,138 |  |  |  | 40,667 |  |  |  | 39,712 |  |  |  | 37,505 |
Gross profit |  |  | 27,275 |  |  |  | 28,853 |  |  |  | 30,667 |  |  |  | 27,681 |
Operating expenses |  |  | 23,978 |  |  |  | 25,061 |  |  |  | 25,570 |  |  |  | 24,860 |
Income from operations |  |  | 3,297 |  |  |  | 3,792 |  |  |  | 5,097 |  |  |  | 2,821 |
Interest income (expense) and other income (expense), net |  |  | (772 | ) |  |  | (1,174 | ) |  |  | (13 | ) |  |  | (1,514 | )
Income from continuing operations before income taxes |  |  | 2,525 |  |  |  | 2,618 |  |  |  | 5,084 |  |  |  | 1,307 |
Income tax provision (benefit) |  |  | (12,350 | ) |  |  | 563 |  |  |  | 617 |  |  |  | 230 |
Income from continuing operations |  |  | 14,875 |  |  |  | 2,055 |  |  |  | 4,467 |  |  |  | 1,077 |
Income (loss) from discontinued operations, net of tax |  |  | (1,317 | ) |  |  | (4,570 | ) |  |  | 414 |  |  |  | 322 |
Gain on disposal of discontinued operations, net of tax. |  |  | 2,255 |  |  |  | — |  |  |  | — |  |  |  | — |
Consolidated net income (loss) |  |  | 15,813 |  |  |  | (2,515 | ) |  |  | 4,881 |  |  |  | 1,399 |
Net (income) loss attributable to noncontrolling interest |  |  | 5 |  |  |  | (19 | ) |  |  | (8 | ) |  |  | (18 | )
Net income (loss) attributable to GSI Group Inc |  | $ | 15,818 |  |  | $ | (2,534 | ) |  | $ | 4,873 |  |  | $ | 1,381 |
Earnings from continuing operations per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.44 |  |  | $ | 0.06 |  |  | $ | 0.13 |  |  | $ | 0.03 |
Diluted |  | $ | 0.44 |  |  | $ | 0.06 |  |  | $ | 0.13 |  |  | $ | 0.03 |
Earnings (loss) from discontinued operations per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.03 |  |  | $ | (0.13 | ) |  | $ | 0.01 |  |  | $ | 0.01 |
Diluted |  | $ | 0.03 |  |  | $ | (0.13 | ) |  | $ | 0.01 |  |  | $ | 0.01 |
Net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.47 |  |  | $ | (0.07 | ) |  | $ | 0.14 |  |  | $ | 0.04 |
Diluted |  | $ | 0.47 |  |  | $ | (0.07 | ) |  | $ | 0.14 |  |  | $ | 0.04 |

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 + Details
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