$NOVT
NOVANTA INC

2013 Q1 Form 10-Q Financial Statement

#000119312513207510 Filed on May 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $75.07M $65.19M
YoY Change 15.16%
Cost Of Revenue $44.44M $37.51M
YoY Change 18.49%
Gross Profit $30.63M $27.68M
YoY Change 10.66%
Gross Profit Margin 40.8% 42.46%
Selling, General & Admin $18.69M $16.21M
YoY Change 15.31%
% of Gross Profit 61.01% 58.55%
Research & Development $5.816M $5.773M
YoY Change 0.74%
% of Gross Profit 18.99% 20.86%
Depreciation & Amortization $5.259M $3.800M
YoY Change 38.39%
% of Gross Profit 17.17% 13.73%
Operating Expenses $29.17M $24.86M
YoY Change 17.33%
Operating Profit $1.462M $2.821M
YoY Change -48.17%
Interest Expense $700.0K $828.0K
YoY Change -15.46%
% of Operating Profit 47.88% 29.35%
Other Income/Expense, Net $690.0K $187.0K
YoY Change 268.98%
Pretax Income $2.152M $1.307M
YoY Change 64.65%
Income Tax $403.0K $230.0K
% Of Pretax Income 18.73% 17.6%
Net Earnings $2.082M $1.381M
YoY Change 50.76%
Net Earnings / Revenue 2.77% 2.12%
Basic Earnings Per Share $0.06 $0.04
Diluted Earnings Per Share $0.06 $0.04
COMMON SHARES
Basic Shares Outstanding 33.98M shares 33.68M shares
Diluted Shares Outstanding 34.27M shares 33.88M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.30M $50.40M
YoY Change -27.98%
Cash & Equivalents $36.34M $50.36M
Short-Term Investments
Other Short-Term Assets $31.30M $12.30M
YoY Change 154.47%
Inventory $64.90M $66.13M
Prepaid Expenses
Receivables $57.29M $51.29M
Other Receivables $16.60M $22.70M
Total Short-Term Assets $206.5M $202.8M
YoY Change 1.82%
LONG-TERM ASSETS
Property, Plant & Equipment $33.65M $41.69M
YoY Change -19.3%
Goodwill $26.58M $44.58M
YoY Change -40.38%
Intangibles $73.49M $44.37M
YoY Change 65.63%
Long-Term Investments
YoY Change
Other Assets $8.612M $7.002M
YoY Change 22.99%
Total Long-Term Assets $193.8M $138.5M
YoY Change 40.0%
TOTAL ASSETS
Total Short-Term Assets $206.5M $202.8M
Total Long-Term Assets $193.8M $138.5M
Total Assets $400.3M $341.3M
YoY Change 17.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.20M $19.28M
YoY Change 30.68%
Accrued Expenses $11.20M $10.60M
YoY Change 5.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.500M $10.00M
YoY Change -25.0%
Total Short-Term Liabilities $65.42M $60.00M
YoY Change 9.03%
LONG-TERM LIABILITIES
Long-Term Debt $95.63M $45.50M
YoY Change 110.16%
Other Long-Term Liabilities $9.460M $5.566M
YoY Change 69.96%
Total Long-Term Liabilities $105.1M $51.07M
YoY Change 105.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.42M $60.00M
Total Long-Term Liabilities $105.1M $51.07M
Total Liabilities $173.8M $127.9M
YoY Change 35.92%
SHAREHOLDERS EQUITY
Retained Earnings -$206.1M -$226.4M
YoY Change -8.94%
Common Stock $446.7M $443.1M
YoY Change 0.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $226.1M $213.0M
YoY Change
Total Liabilities & Shareholders Equity $400.3M $341.3M
YoY Change 17.31%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $2.082M $1.381M
YoY Change 50.76%
Depreciation, Depletion And Amortization $5.259M $3.800M
YoY Change 38.39%
Cash From Operating Activities $4.608M $9.087M
YoY Change -49.29%
INVESTING ACTIVITIES
Capital Expenditures $1.605M $1.398M
YoY Change 14.81%
Acquisitions $82.65M
YoY Change
Other Investing Activities -$82.80M $0.00
YoY Change
Cash From Investing Activities -$84.37M -$1.398M
YoY Change 5934.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.875M $2.500M
YoY Change -25.0%
Cash From Financing Activities 52.11M -12.73M
YoY Change -509.4%
NET CHANGE
Cash From Operating Activities 4.608M 9.087M
Cash From Investing Activities -84.37M -1.398M
Cash From Financing Activities 52.11M -12.73M
Net Change In Cash -27.65M -5.039M
YoY Change 448.76%
FREE CASH FLOW
Cash From Operating Activities $4.608M $9.087M
Capital Expenditures $1.605M $1.398M
Free Cash Flow $3.003M $7.689M
YoY Change -60.94%

Facts In Submission

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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.
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GSI GROUP INC
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CY2013Q1 us-gaap Prior Period Reclassification Adjustment Description
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Reclassifications and Adjustments</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">As discussed in Note 2, the Company classified the Semiconductor Systems and Laser Systems businesses as held for sale beginning in the second quarter of 2012. In addition, as discussed in Note 15, we realigned our segment presentation during the first quarter of 2013 in light of the acquisition of NDS Surgical Imaging, LLC and NDS Surgical Imaging KK as well as restructuring activities. As a result, certain prior period information included in the consolidated statements has been reclassified to conform to the current period presentation.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Beginning in 2008, the Company did not properly recognize deferred tax liabilities associated with certain permanent intercompany loans. In addition, the Company did not consider these deferred tax liability amounts when determining the realizability of its deferred tax assets and thereby recorded excess valuation allowances beginning in 2009. The Company identified and corrected this immaterial error related to prior years during the period ended March&#xA0;29, 2013. The error correction resulted in approximately $0.7 million of an income tax benefit allocated to income from continuing operations and approximately $0.7 million of income tax expense allocated to accumulated other comprehensive loss during the period ended March&#xA0;29, 2013, which was quantitatively significant to the period. The correction had no effect on income from continuing operations before income taxes or cash flows for any periods presented. The Company evaluated this error considering both qualitative and quantitative factors pursuant to SEC Staff Accounting Bulletin No.&#xA0;108, &#x201C;Considering the Effects of Prior year Misstatements When Quantifying Misstatements in Current Year Financial Statements,&#x201D; and concluded that these adjustments were not material to the prior years&#x2019; consolidated financial statements. The Company also does not believe this adjustment will be material to the 2013 results.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px"> &#xA0;</p> <p style="MARGIN-TOP: 0px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In addition, certain immaterial reclassifications have been made to the prior year to conform to the current year presentation.</font></p> </div>
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
949000
CY2013Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-627000
CY2013Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1875000
CY2013Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
3000
CY2013Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
369000
CY2013Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1433000
CY2013Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
738000
CY2013Q1 us-gaap Restructuring Reserve Settled Without Cash
RestructuringReserveSettledWithoutCash
273000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2663000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
36000
CY2013Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1251000
CY2013Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.07
CY2013Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5482000
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1544000
CY2013Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
60000000
CY2013Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
84206000
CY2013Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1469000
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2013Q1 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
-300000
CY2013Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
-82653000
CY2013Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
469000
CY2013Q1 us-gaap Profit Loss
ProfitLoss
2118000
CY2013Q1 us-gaap Restructuring Costs
RestructuringCosts
-241000
CY2013Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
7086000
CY2013Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.093 pure
CY2013Q1 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
998000
CY2013Q1 us-gaap Amortization Of Acquired Intangible Assets
AmortizationOfAcquiredIntangibleAssets
2236000
CY2013Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
1300000
CY2013Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1066000
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4608000
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-84368000
CY2013Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
145000
CY2013Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
449000
CY2013Q1 us-gaap Restructuring And Related Cost Expected Cost
RestructuringAndRelatedCostExpectedCost
10000000
CY2013Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-682000
CY2013Q1 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-53000
CY2013Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
5000000
CY2013Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1715000
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
649000
CY2013Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-29451000
CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-949000
CY2013Q1 us-gaap Restructuring Charges
RestructuringCharges
2051000
CY2013Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-681000
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34271000 shares
CY2013Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-430000
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
83114000
CY2013Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6697000
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5694000
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4745000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6621000
CY2013Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
297000
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
52108000
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.04
CY2013Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-895000
CY2013Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
1625000
CY2013Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
639000
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
32214000
CY2013Q1 us-gaap Restructuring Reserve Settled With Cash
RestructuringReserveSettledWithCash
1532000
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33983000 shares
CY2013Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
49951000
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1619000
CY2013Q1 us-gaap Gross Profit
GrossProfit
33163000
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
20240000
CY2013Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1177000
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
288000 shares
CY2013Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
361000
CY2013Q1 us-gaap Interest Paid
InterestPaid
378000
CY2013Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
2383000
CY2013Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
373000 shares
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
2082000
CY2013Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1196000
CY2013Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
28693000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
150000
CY2013Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1799000
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.04
CY2013Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2627000
CY2013Q1 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>
CY2013Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3487000
CY2013Q1 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
36000
CY2013Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.07
CY2013Q1 gsig Deferred Income Tax Expense Benefit Continuing And Discontinued Operations
DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuedOperations
-974000
CY2013Q1 gsig Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
233000
CY2013Q1 gsig Non Cash Interest Expense
NonCashInterestExpense
253000
CY2013Q1 gsig Restructuring Charges And Other Charges
RestructuringChargesAndOtherCharges
3117000
CY2013Q1 gsig Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-4928000
CY2013Q1 gsig Gross Margin Percentage
GrossMarginPercentage
0.399 pure
CY2013Q1 gsig Other Comprehensive Income Loss Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentsNetOfTax
183000
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2821000
CY2012Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
21000
CY2012Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2500000
CY2012Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
62000
CY2012Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
187000
CY2012Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1059000
CY2012Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
335000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2704000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
18000
CY2012Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-3448000
CY2012Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.04
CY2012Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3800000
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1282000
CY2012Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
86716000
CY2012Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1077000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2012Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
867000
CY2012Q1 us-gaap Profit Loss
ProfitLoss
1399000
CY2012Q1 us-gaap Restructuring Costs
RestructuringCosts
1318000
CY2012Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
13621000
CY2012Q1 us-gaap Amortization Of Acquired Intangible Assets
AmortizationOfAcquiredIntangibleAssets
662000
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9087000
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1398000
CY2012Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
77000
CY2012Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-2238000
CY2012Q1 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
47000
CY2012Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10000000
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
322000
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1398000
CY2012Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-4477000
CY2012Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-117000
CY2012Q1 us-gaap Restructuring Charges
RestructuringCharges
2217000
CY2012Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1025000
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33878000 shares
CY2012Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-96000
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
65186000
CY2012Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
846000
CY2012Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1206000
CY2012Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1323000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2012Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5773000
CY2012Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
683000
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12728000
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.03
CY2012Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-809000
CY2012Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
2208000
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
24860000
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33679000 shares
CY2012Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
273000
CY2012Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
199000 shares
CY2012Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
177000
CY2012Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
37505000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1307000
CY2012Q1 us-gaap Gross Profit
GrossProfit
27681000
CY2012Q1 us-gaap Interest Paid
InterestPaid
541000
CY2012Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
1462000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
1381000
CY2012Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-892000
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
16208000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
230000
CY2012Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
562000
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.03
CY2012Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2722000
CY2012Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1453000
CY2012Q1 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
18000
CY2012Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.04
CY2012Q1 gsig Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
228000
CY2012Q1 gsig Non Cash Interest Expense
NonCashInterestExpense
274000
CY2012Q1 gsig Restructuring Charges And Other Charges
RestructuringChargesAndOtherCharges
2217000
CY2012Q1 gsig Gross Margin Percentage
GrossMarginPercentage
0.425 pure
CY2012Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 Segment

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