$NOVT
NOVANTA INC

2012 Q2 Form 10-Q Financial Statement

#000119312512341006 Filed on August 07, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q1
Revenue $70.38M
YoY Change -9.19%
Cost Of Revenue $39.71M
YoY Change -9.25%
Gross Profit $30.67M
YoY Change -9.11%
Gross Profit Margin 43.57%
Selling, General & Admin $16.84M
YoY Change -12.6%
% of Gross Profit 54.92%
Research & Development $5.615M
YoY Change -31.28%
% of Gross Profit 18.31%
Depreciation & Amortization $3.400M
YoY Change -11.27%
% of Gross Profit 11.09%
Operating Expenses $25.57M
YoY Change 6.69%
Operating Profit $5.097M
YoY Change -47.86%
Interest Expense $0.00
YoY Change -100.0%
% of Operating Profit 0.0%
Other Income/Expense, Net $45.00K
YoY Change -95.63%
Pretax Income $5.084M
YoY Change -21.41%
Income Tax $617.0K
% Of Pretax Income 12.14%
Net Earnings $4.873M
YoY Change -21.49%
Net Earnings / Revenue 6.92%
Basic Earnings Per Share $0.14
Diluted Earnings Per Share $0.14
COMMON SHARES
Basic Shares Outstanding 33.78M shares
Diluted Shares Outstanding 33.95M shares

Balance Sheet

Concept 2012 Q2 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.80M
YoY Change -8.97%
Cash & Equivalents $55.76M $56.78M
Short-Term Investments
Other Short-Term Assets $41.70M
YoY Change 146.75%
Inventory $53.71M
Prepaid Expenses
Receivables $44.09M
Other Receivables $22.60M
Total Short-Term Assets $217.9M
YoY Change -3.33%
LONG-TERM ASSETS
Property, Plant & Equipment $33.11M
YoY Change -26.43%
Goodwill $44.58M
YoY Change
Intangibles $42.90M
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.526M
YoY Change -8.08%
Total Long-Term Assets $128.0M
YoY Change -13.46%
TOTAL ASSETS
Total Short-Term Assets $217.9M
Total Long-Term Assets $128.0M
Total Assets $345.9M
YoY Change -7.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.11M
YoY Change -5.84%
Accrued Expenses $10.50M
YoY Change -41.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $10.00M
YoY Change
Total Short-Term Liabilities $62.07M
YoY Change 11.24%
LONG-TERM LIABILITIES
Long-Term Debt $43.00M
YoY Change -60.22%
Other Long-Term Liabilities $5.555M
YoY Change -56.26%
Total Long-Term Liabilities $48.56M
YoY Change -59.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.07M
Total Long-Term Liabilities $48.56M
Total Liabilities $127.6M
YoY Change -31.17%
SHAREHOLDERS EQUITY
Retained Earnings -$221.5M
YoY Change
Common Stock $444.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $217.9M
YoY Change
Total Liabilities & Shareholders Equity $345.9M
YoY Change -7.34%

Cashflow Statement

Concept 2012 Q2 2011 Q1
OPERATING ACTIVITIES
Net Income $4.873M
YoY Change -21.49%
Depreciation, Depletion And Amortization $3.400M
YoY Change -11.27%
Cash From Operating Activities $9.800M
YoY Change 74.72%
INVESTING ACTIVITIES
Capital Expenditures -$1.200M
YoY Change -200.5%
Acquisitions
YoY Change
Other Investing Activities $200.0K
YoY Change
Cash From Investing Activities -$1.000M
YoY Change -16.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.700M
YoY Change
NET CHANGE
Cash From Operating Activities 9.800M
Cash From Investing Activities -1.000M
Cash From Financing Activities -2.700M
Net Change In Cash 6.100M
YoY Change 38.17%
FREE CASH FLOW
Cash From Operating Activities $9.800M
Capital Expenditures -$1.200M
Free Cash Flow $11.00M
YoY Change 149.15%

Facts In Submission

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122000
gsig Prepetition And Postemergence Professional Fees
PrepetitionAndPostemergenceProfessionalFees
233000
gsig Restatement Related Costs And Other Charges
RestatementRelatedCostsAndOtherCharges
62000
gsig Other Comprehensive Income Reclassification Of Defined Benefit Plan Net Transition Asset Obligation And Amortization Net Prior Service Cost Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlanNetTransitionAssetObligationAndAmortizationNetPriorServiceCostRecognizedInNetPeriodicBenefitCostNetOfTax
100000
gsig Amortization Of Intangible Assets Net
AmortizationOfIntangibleAssetsNet
4000000
dei Trading Symbol
TradingSymbol
GSIG
dei Entity Registrant Name
EntityRegistrantName
GSI GROUP INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-06-29
dei Entity Central Index Key
EntityCentralIndexKey
0001076930
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
us-gaap Operating Income Loss
OperatingIncomeLoss
7918000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-109000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
232000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
852000
us-gaap Restructuring Reserve Settled Without Cash
RestructuringReserveSettledWithoutCash
-1919000
us-gaap Restructuring And Related Cost Description
RestructuringAndRelatedCostDescription
In November 2011, the Company announced a strategic initiative ("2011 restructuring"), which aims to consolidate operations to reduce our cost structure and improve operational efficiency. As part of this initiative, the Company expects to eliminate up to 12 facilities through consolidation of certain manufacturing, sales and distribution facilities and exit of businesses. Four facilities have been eliminated as of June 29, 2012.
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
222000
us-gaap Restructuring Costs
RestructuringCosts
2545000
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
28724000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6600000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-29000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
26000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-7415000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7226000
us-gaap Share Based Compensation
ShareBasedCompensation
2323000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
5544000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
205000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1699000
us-gaap Profit Loss
ProfitLoss
6280000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.133 pure
us-gaap Operating Expenses
OperatingExpenses
50430000
us-gaap Restructuring Reserve Settled With Cash
RestructuringReserveSettledWithCash
-2567000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33731000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
1600000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2625000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18851000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2420000
us-gaap Income Taxes Paid
IncomeTaxesPaid
445000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-3621000
us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
18000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10000000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
736000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
923000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-492000
us-gaap Restructuring Charges
RestructuringCharges
4668000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1342000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33915000 shares
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-411000
us-gaap Sales Revenue Net
SalesRevenueNet
135565000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2824000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-146000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
346000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11388000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1578000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15441000
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.16
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1487000
us-gaap Repayments Of Debt
RepaymentsOfDebt
5000000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2653000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
184000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P3Y
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
220000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
77217000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2300000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6391000
us-gaap Gross Profit
GrossProfit
58348000
us-gaap Interest Paid
InterestPaid
1016000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-18000
us-gaap Net Income Loss
NetIncomeLoss
6254000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-272000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
33049000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
847000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-67000
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.16
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
6626000
CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18638000
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1363000
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.21
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
10935000
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Use of Estimates</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of sales and expenses during the reporting periods. The Company evaluates its estimates based on historical experience, current conditions and various other assumptions that it believes are reasonable under the circumstances. Estimates and assumptions are reviewed on an on-going basis and the effects of revisions are reflected in the period in which they are deemed to be necessary. Actual results could differ significantly from those estimates.</font></p> </div>
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1325000
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
26000
gsig Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
412000
gsig Non Cash Interest Expense
NonCashInterestExpense
536000
gsig Restructuring Charges And Other Charges
RestructuringChargesAndOtherCharges
4668000
gsig Extended Lease Term
ExtendedLeaseTerm
May 2013 to May 2019
gsig Annual Rental Payments Over Lease Term
AnnualRentalPaymentsOverLeaseTerm
1500000
gsig Other Comprehensive Income Reclassification Of Defined Benefit Plan Net Transition Asset Obligation And Amortization Net Prior Service Cost Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlanNetTransitionAssetObligationAndAmortizationNetPriorServiceCostRecognizedInNetPeriodicBenefitCostNetOfTax
500000
gsig Amortization Of Intangible Assets Net
AmortizationOfIntangibleAssetsNet
2900000
gsig Number Of Facilities To Be Consolidated
NumberOfFacilitiesToBeConsolidated
12 Facility
CY2010Q3 us-gaap Bankruptcy Claims Last Date To File Claims With Bankruptcy Courts
BankruptcyClaimsLastDateToFileClaimsWithBankruptcyCourts
2010-07-23
CY2010Q2 us-gaap Loss Contingency Actions Taken By Court Arbitrator Or Mediator
LossContingencyActionsTakenByCourtArbitratorOrMediator
On May 27, 2010, the Bankruptcy Court entered an order confirming and approving the plan of reorganization (the "Final Chapter 11 Plan").
CY2010Q3 gsig Irs Claim Description Of Matter
IRSClaimDescriptionOfMatter
On July 13, 2010, the Company filed a complaint, GSI Group Corporation v. United States of America, in Bankruptcy Court in an attempt to recover refunds totaling approximately $18.8 million in federal income taxes the Company asserts it overpaid to the IRS relating to tax years 2000 through 2008, together with applicable interest.
CY2009Q4 us-gaap Bankruptcy Proceedings Date Petitions For Bankruptcy Filed
BankruptcyProceedingsDatePetitionsForBankruptcyFiled
2009-11-20
CY2006Q2 us-gaap Loss Contingency Actions Taken By Court Arbitrator Or Mediator
LossContingencyActionsTakenByCourtArbitratorOrMediator
On April 18, 2006, the commercial court of Le Creusot (France) ordered GSI France to pay approximately 0.7 million Euros to SCGI in the context of a claim filed by SCGI that a Laserdyne 890 system delivered in 1999 had unresolved technical problems.
CY2011Q3 us-gaap Loss Contingency Date Of Dismissal
LossContingencyDateOfDismissal
2011-09-02
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.09
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.09
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
11463000
CY2011Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
354000
CY2011Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
3318000
CY2011Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10926000
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
9000
CY2011Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
6932000
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2011Q3 us-gaap Profit Loss
ProfitLoss
10075000
CY2011Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
18761000
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3143000
CY2011Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-76000
CY2011Q3 us-gaap Restructuring Charges
RestructuringCharges
-75000
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33595000 shares
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
82609000
CY2011Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
784000
CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
860000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2011Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5879000
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.21
CY2011Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3397000
CY2011Q3 us-gaap Operating Expenses
OperatingExpenses
25537000
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33478000 shares
CY2011Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
117000 shares
CY2011Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
45609000
CY2011Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
800000
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8295000
CY2011Q3 us-gaap Gross Profit
GrossProfit
37000000
CY2011Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
117000 shares
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
10066000
CY2011Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-125000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
8000
CY2012Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
4467000
CY2011Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
987000
CY2011Q3 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
9000
CY2011Q3 gsig Restructuring Charges And Other Charges
RestructuringChargesAndOtherCharges
-61000
CY2011Q3 gsig Prepetition And Postemergence Professional Fees
PrepetitionAndPostemergenceProfessionalFees
94000
CY2011Q3 gsig Restatement Related Costs And Other Charges
RestatementRelatedCostsAndOtherCharges
14000
CY2011Q3 gsig Amortization Of Intangible Assets Net
AmortizationOfIntangibleAssetsNet
2000000
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
5097000
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
45000
CY2012Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
517000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3898000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2012Q2 us-gaap Profit Loss
ProfitLoss
4881000
CY2012Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
15103000
CY2012Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.121 pure
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
414000
CY2012Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-376000
CY2012Q2 us-gaap Restructuring Charges
RestructuringCharges
2451000
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33953000 shares
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
70379000
CY2012Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1351000
CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-975000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2012Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5615000
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.13
CY2012Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-678000
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
25570000
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33782000 shares
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
171000 shares
CY2012Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
39712000
CY2012Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1000000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5084000
CY2012Q2 us-gaap Gross Profit
GrossProfit
30667000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
4873000
CY2012Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
620000
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
16841000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
617000
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.13
CY2012Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3906000
CY2012Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
663000
CY2012Q2 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
8000
CY2012Q2 gsig Restructuring Charges And Other Charges
RestructuringChargesAndOtherCharges
2451000
CY2012Q2 gsig Amortization Of Intangible Assets Net
AmortizationOfIntangibleAssetsNet
1500000
CY2005Q3 us-gaap Bankruptcy Proceedings Date Petitions For Bankruptcy Filed
BankruptcyProceedingsDatePetitionsForBankruptcyFiled
2005-07-07

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