$NOVT
NOVANTA INC

2014 Q2 Form 10-Q Financial Statement

#000119312514298221 Filed on August 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $96.91M $82.21M $79.77M
YoY Change 21.48% 23.79% 13.34%
Cost Of Revenue $58.25M $48.02M $46.53M
YoY Change 25.2% 22.68% 17.17%
Gross Profit $38.65M $34.20M $33.24M
YoY Change 16.28% 25.37% 8.39%
Gross Profit Margin 39.89% 41.59% 41.67%
Selling, General & Admin $21.41M $19.27M $19.37M
YoY Change 10.51% 83.5% 15.04%
% of Gross Profit 55.39% 56.35% 58.29%
Research & Development $7.525M $5.825M $6.115M
YoY Change 23.06% 264.06% 8.9%
% of Gross Profit 19.47% 17.03% 18.4%
Depreciation & Amortization $6.322M $4.800M $5.100M
YoY Change 23.96% 128.57% 50.0%
% of Gross Profit 16.36% 14.04% 15.34%
Operating Expenses $32.17M $27.40M $27.85M
YoY Change 15.52% 14.28% 8.91%
Operating Profit $6.480M $6.795M $5.390M
YoY Change 20.22% 106.1% 5.75%
Interest Expense -$1.000M -$1.100M -$1.100M
YoY Change -9.09% -21.43%
% of Operating Profit -15.43% -16.19% -20.41%
Other Income/Expense, Net -$1.017M -$850.0K -$1.087M
YoY Change -6.44% -241.67% -2515.56%
Pretax Income $5.463M $5.945M $4.303M
YoY Change 26.96% 135.45% -15.36%
Income Tax $2.057M $1.246M $3.018M
% Of Pretax Income 37.65% 20.96% 70.14%
Net Earnings $725.0K $4.308M -$871.0K
YoY Change -183.24% -72.77% -117.87%
Net Earnings / Revenue 0.75% 5.24% -1.09%
Basic Earnings Per Share $0.02 $0.13 -$0.03
Diluted Earnings Per Share $0.02 $0.13 -$0.03
COMMON SHARES
Basic Shares Outstanding 34.38M shares 33.96M shares 34.09M shares
Diluted Shares Outstanding 34.71M shares 34.29M shares

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.00M $61.00M $52.10M
YoY Change -13.63% -7.29% -6.63%
Cash & Equivalents $45.01M $60.98M $52.06M
Short-Term Investments
Other Short-Term Assets $26.80M $28.10M $14.40M
YoY Change 86.11% -8.47% -65.47%
Inventory $64.55M $58.29M $62.56M
Prepaid Expenses
Receivables $57.03M $48.55M $55.31M
Other Receivables $5.700M $5.700M $16.60M
Total Short-Term Assets $199.0M $201.6M $200.8M
YoY Change -0.88% -3.28% -7.84%
LONG-TERM ASSETS
Property, Plant & Equipment $40.16M $31.30M $33.96M
YoY Change 18.26% -3.2% 2.57%
Goodwill $115.6M $71.16M $73.51M
YoY Change 57.23% 59.62% 64.91%
Intangibles $98.02M $65.29M $70.53M
YoY Change 38.98% 63.15% 64.4%
Long-Term Investments $5.700M
YoY Change 39.02%
Other Assets $12.48M $9.426M $8.515M
YoY Change 46.53% 15.35% 30.48%
Total Long-Term Assets $266.7M $177.2M $189.2M
YoY Change 40.98% 37.36% 47.83%
TOTAL ASSETS
Total Short-Term Assets $199.0M $201.6M $200.8M
Total Long-Term Assets $266.7M $177.2M $189.2M
Total Assets $465.8M $378.8M $390.0M
YoY Change 19.42% 12.25% 12.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.44M $24.36M $25.57M
YoY Change 11.23% 29.41% 33.77%
Accrued Expenses $12.80M $11.90M $12.80M
YoY Change 0.0% 26.6% 21.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.500M $7.500M $7.500M
YoY Change 0.0% 0.0% -25.0%
Total Short-Term Liabilities $66.52M $61.49M $62.53M
YoY Change 6.38% 11.95% 0.73%
LONG-TERM LIABILITIES
Long-Term Debt $127.3M $64.00M $87.75M
YoY Change 45.01% 50.59% 104.07%
Other Long-Term Liabilities $13.43M $5.028M $9.486M
YoY Change 41.52% -48.74% 70.77%
Total Long-Term Liabilities $140.7M $69.03M $97.24M
YoY Change 44.67% 31.96% 100.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.52M $61.49M $62.53M
Total Long-Term Liabilities $140.7M $69.03M $97.24M
Total Liabilities $219.3M $136.4M $163.2M
YoY Change 34.37% 24.85% 27.88%
SHAREHOLDERS EQUITY
Retained Earnings -$199.2M -$200.9M -$207.0M
YoY Change -3.77% -3.51% -6.54%
Common Stock $450.7M $449.2M $447.7M
YoY Change 0.65% 0.78% 0.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $246.1M $242.0M $226.4M
YoY Change
Total Liabilities & Shareholders Equity $465.8M $378.8M $390.0M
YoY Change 19.42% 12.25% 12.76%

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income $725.0K $4.308M -$871.0K
YoY Change -183.24% -72.77% -117.87%
Depreciation, Depletion And Amortization $6.322M $4.800M $5.100M
YoY Change 23.96% 128.57% 50.0%
Cash From Operating Activities $18.50M $14.80M $13.10M
YoY Change 41.22% 114.49% 33.67%
INVESTING ACTIVITIES
Capital Expenditures -$1.600M -$1.800M -$700.0K
YoY Change 128.57% -1000.0% -41.67%
Acquisitions
YoY Change
Other Investing Activities -$1.600M $1.800M $11.70M
YoY Change -113.68% -70.97% 5750.0%
Cash From Investing Activities -$3.200M -$100.0K $11.00M
YoY Change -129.09% -101.54% -1200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.300M -8.200M -8.300M
YoY Change -72.29% -4200.0% 207.41%
NET CHANGE
Cash From Operating Activities 18.50M 14.80M 13.10M
Cash From Investing Activities -3.200M -100.0K 11.00M
Cash From Financing Activities -2.300M -8.200M -8.300M
Net Change In Cash 13.00M 6.500M 15.80M
YoY Change -17.72% -52.21% 159.02%
FREE CASH FLOW
Cash From Operating Activities $18.50M $14.80M $13.10M
Capital Expenditures -$1.600M -$1.800M -$700.0K
Free Cash Flow $20.10M $16.60M $13.80M
YoY Change 45.65% 147.76% 25.45%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q1 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.25 pure
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
34193443 shares
CY2013Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3191000
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52058000
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
34192000 shares
CY2014Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
34192000 shares
CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
7500000
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
66518000
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5385000
CY2014Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
7322000
CY2014Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9360000
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
246501000
CY2014Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
127250000
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities
3672000
CY2014Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
20765000
CY2014Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
28440000
CY2014Q2 us-gaap Restructuring Reserve
RestructuringReserve
321000
CY2014Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3416000
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
13425000
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
246072000
CY2014Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
26806000
CY2014Q2 us-gaap Customer Deposits Current
CustomerDepositsCurrent
612000
CY2014Q2 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
4773000
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-199205000
CY2014Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
131654000
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
573000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
11148000
CY2014Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
8716000
CY2014Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
39369000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
8873000
CY2014Q2 us-gaap Minority Interest
MinorityInterest
429000
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
1980000
CY2014Q2 us-gaap Liabilities
Liabilities
219288000
CY2014Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
7542000
CY2014Q2 us-gaap Deferred Tax Liabilities Gross Current
DeferredTaxLiabilitiesGrossCurrent
218000
CY2014Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7377000
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
1890000
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
94337000
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
423856000
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
465789000
CY2014Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2053000
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12477000
CY2014Q2 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
4400000
CY2014Q2 us-gaap Goodwill
Goodwill
115584000
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
284000
CY2014Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
5666000
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
98024000
CY2014Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
57028000
CY2014Q2 us-gaap Inventory Net
InventoryNet
64550000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
14247000
CY2014Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
11622000
CY2014Q2 us-gaap Goodwill Gross
GoodwillGross
247238000
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
40159000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8733000
CY2014Q2 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
503000
CY2014Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
5040000
CY2014Q2 us-gaap Assets
Assets
465789000
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45007000
CY2014Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
13022000
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
84997000
CY2014Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
10637000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
12603000
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
4242000
CY2014Q2 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
2922000
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Inventory
DisposalGroupIncludingDiscontinuedOperationInventory
8310000
CY2014Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
179334000
CY2014Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
192361000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
29393000
CY2014Q2 us-gaap Assets Current
AssetsCurrent
199042000
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5053000
CY2014Q2 gsig Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
94337000
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-200913000
CY2013Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
131654000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
575000
CY2014Q2 gsig Disposal Group Including Discontinued Operation Prepaid And Other Current Assets
DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherCurrentAssets
186000
CY2012Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2204000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65788000
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33991000 shares
CY2013Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33991000 shares
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7500000
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
61779000
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-6342000
CY2013Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
5596000
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8624000
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
242403000
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
64000000
CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities
2295000
CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
22288000
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
24361000
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
1272000
CY2013Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3315000
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5029000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
241984000
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
25383000
CY2013Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
551000
CY2013Q4 us-gaap Minority Interest
MinorityInterest
419000
CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
1710000
CY2013Q4 us-gaap Liabilities
Liabilities
136404000
CY2013Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
6398000
CY2013Q4 us-gaap Deferred Tax Liabilities Gross Current
DeferredTaxLiabilitiesGrossCurrent
214000
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
9798000
CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
2393000
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
86466000
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
423856000
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
378807000
CY2013Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1018000
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9426000
CY2013Q4 us-gaap Goodwill
Goodwill
71156000
CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
2026000
CY2013Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
5715000
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
65293000
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
48552000
CY2013Q4 us-gaap Inventory Net
InventoryNet
58290000
CY2013Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
10682000
CY2013Q4 us-gaap Goodwill Gross
GoodwillGross
202810000
CY2013Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
6351000
CY2013Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
34749000
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
31303000
CY2013Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
519000
CY2013Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
3078000
CY2013Q4 us-gaap Assets
Assets
378807000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60980000
CY2013Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
16088000
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
52266000
CY2013Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
9744000
CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
5361000
CY2013Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
3115000
CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Inventory
DisposalGroupIncludingDiscontinuedOperationInventory
8454000
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
138732000
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5134000
CY2013Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
151759000
CY2013Q4 us-gaap Assets Current
AssetsCurrent
201110000
CY2013Q4 gsig Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
86466000
CY2013Q4 gsig Disposal Group Including Discontinued Operation Prepaid And Other Current Assets
DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherCurrentAssets
247000
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 Year Focus
DocumentFiscalYearFocus
2014
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-27
dei Entity Central Index Key
EntityCentralIndexKey
0001076930
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
us-gaap Debt Instrument Term
DebtInstrumentTerm
P5Y
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34690000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
386000 shares
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
19924000
us-gaap Payments For Restructuring
PaymentsForRestructuring
541000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
989000
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.20
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.323 pure
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.20
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20045000
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.18
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.13
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.18
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
44000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 18pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> 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.</p> </div>
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34304000 shares
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.13
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
712000
us-gaap Profit Loss
ProfitLoss
1718000
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
8812000
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-4544000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2675000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9256000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-4544000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
93656000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000
us-gaap Interest Paid
InterestPaid
1608000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1508000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
943000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
429000
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
90000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-80000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2212000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-215000
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
10287000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2665000
us-gaap Gross Profit
GrossProfit
70756000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-439000
us-gaap Operating Income Loss
OperatingIncomeLoss
10548000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
7062000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
187069000
us-gaap Sales Revenue Net
SalesRevenueNet
176038000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2589000
us-gaap Restructuring Reserve Settled Without Cash1
RestructuringReserveSettledWithoutCash1
250000
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-4554000
us-gaap Repayments Of Debt
RepaymentsOfDebt
13750000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
976000
us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
8000
us-gaap Income Taxes Paid
IncomeTaxesPaid
2032000
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
737000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
291000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
6262000
us-gaap Net Income Loss
NetIncomeLoss
1708000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-60000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
957000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-4987000
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-898000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-220000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
105282000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
60929000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1250000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
44428000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
258000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
10000
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
200000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
60929000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
11151000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-15973000
us-gaap Share Based Compensation
ShareBasedCompensation
2434000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-96193000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
583000
us-gaap Operating Expenses
OperatingExpenses
60208000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
41028000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2994000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
144000
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
52000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
973000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1338000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
77000000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
109000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11151000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
181000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7535000
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
121000
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
10000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-97091000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-14000
us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
1900000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13382000
gsig Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
1178000
gsig Non Cash Restructuring And Related Charges
NonCashRestructuringAndRelatedCharges
-553000
gsig Number Of Previous Operating Segments
NumberOfPreviousOperatingSegments
3 Segment
gsig Gross Margin Percentage
GrossMarginPercentage
0.402 pure
gsig Non Cash Interest Expense
NonCashInterestExpense
584000
gsig Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
540000
gsig Provision For Inventory Reserves
ProvisionForInventoryReserves
602000
gsig Amortization Of Intangible Assets Exclusive Of Amortization Of Developed Technology
AmortizationOfIntangibleAssetsExclusiveOfAmortizationOfDevelopedTechnology
4620000
gsig Restructuring Charges Benefits Net
RestructuringChargesBenefitsNet
-160000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34279000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
243000 shares
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
20454000
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.06
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.530 pure
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.06
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17690000
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.08
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.05
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.08
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
472000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34036000 shares
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.05
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
655000
us-gaap Sales Revenue Net
SalesRevenueNet
154840000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2239000
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-311000
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1823000
us-gaap Repayments Of Debt
RepaymentsOfDebt
14750000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
791000
us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-47000
us-gaap Income Taxes Paid
IncomeTaxesPaid
1095000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
145000
us-gaap Profit Loss
ProfitLoss
1265000
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-1458000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-3343000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6455000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1769000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
82653000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
662000
us-gaap Interest Paid
InterestPaid
1071000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
739000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5780000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3864000
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
998000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
760000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1819000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-568000
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
22671000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3397000
us-gaap Gross Profit
GrossProfit
63870000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-956000
us-gaap Operating Income Loss
OperatingIncomeLoss
6852000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
2268000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
179748000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-930000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3034000
us-gaap Net Income Loss
NetIncomeLoss
1211000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1596000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4608000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-2679000
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
11268000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
90970000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
43758000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
965000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
54000
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
1300000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43758000
us-gaap Share Based Compensation
ShareBasedCompensation
2841000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
10007000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-13730000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-84692000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
3112000
us-gaap Operating Expenses
OperatingExpenses
57018000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
38063000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3421000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1754000
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
200000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
755000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1086000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
60000000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
3000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10007000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6447000
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-2764000
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
54000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-73424000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1172000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11931000
gsig Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
3171000
gsig Non Cash Restructuring And Related Charges
NonCashRestructuringAndRelatedCharges
421000
gsig Gross Margin Percentage
GrossMarginPercentage
0.412 pure
gsig Non Cash Interest Expense
NonCashInterestExpense
497000
gsig Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
608000
gsig Provision For Inventory Reserves
ProvisionForInventoryReserves
888000
gsig Amortization Of Intangible Assets Exclusive Of Amortization Of Developed Technology
AmortizationOfIntangibleAssetsExclusiveOfAmortizationOfDevelopedTechnology
3853000
gsig Restructuring Charges Benefits Net
RestructuringChargesBenefitsNet
2085000
CY2013 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
10.49
CY2013 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
50000 shares
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34285000 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
197000 shares
CY2013Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.03
CY2013Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.701 pure
CY2013Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.03
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.03
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.06
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.03
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
570000 shares
CY2013Q2 us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
0.41 pure
CY2013Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-311000
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-86000
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
79769000
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-2156000
CY2013Q2 us-gaap Profit Loss
ProfitLoss
-853000
CY2013Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-1827000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-716000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4303000
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-2138000
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
293000
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34088000 shares
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.06
CY2013Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-459000
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-921000
CY2013Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
7541000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-734000
CY2013Q2 us-gaap Gross Profit
GrossProfit
33239000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
5390000
CY2013Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
1290000
CY2013Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
92902000
CY2013Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1285000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-871000
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
137000
CY2013Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-2883000
CY2013Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
46530000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
18000
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
CY2013Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4748000
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
27849000
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19374000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3018000
CY2013Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
21000
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2960000
CY2013Q2 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
18000
CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-223000
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6115000
CY2013Q2 gsig Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
743000
CY2013Q2 gsig Gross Margin Percentage
GrossMarginPercentage
0.417 pure
CY2013Q2 gsig Amortization Of Intangible Assets Exclusive Of Amortization Of Developed Technology
AmortizationOfIntangibleAssetsExclusiveOfAmortizationOfDevelopedTechnology
1617000
CY2013Q2 gsig Restructuring Charges Benefits Net
RestructuringChargesBenefitsNet
722000
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34707000 shares
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
329000 shares
CY2014Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.11
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.10
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.08
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.10
CY2014Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.377 pure
CY2014Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.11
CY2014Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-2678000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1684000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5463000
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-2678000
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
419000
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34378000 shares
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.08
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
96905000
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-2681000
CY2014Q2 us-gaap Profit Loss
ProfitLoss
728000
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1006000
CY2014Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-61000
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1375000
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
6271000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1681000
CY2014Q2 us-gaap Gross Profit
GrossProfit
38651000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
6480000
CY2014Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
3825000
CY2014Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
96905000
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3406000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
725000
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
956000
CY2014Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-2136000
CY2014Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
58254000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3000
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
200000
CY2014Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6322000
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
32171000
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21410000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2057000
CY2014Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
548000
CY2014Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2014Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4490000
CY2014Q2 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
3000
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
50000
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7525000
CY2014Q2 gsig Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
360000
CY2014Q2 gsig Gross Margin Percentage
GrossMarginPercentage
0.399 pure
CY2014Q2 gsig Amortization Of Intangible Assets Exclusive Of Amortization Of Developed Technology
AmortizationOfIntangibleAssetsExclusiveOfAmortizationOfDevelopedTechnology
2876000
CY2014Q2 gsig Restructuring Charges Benefits Net
RestructuringChargesBenefitsNet
-188000

Files In Submission

Name View Source Status
0001193125-14-298221-index-headers.html Edgar Link pending
0001193125-14-298221-index.html Edgar Link pending
0001193125-14-298221.txt Edgar Link pending
0001193125-14-298221-xbrl.zip Edgar Link pending
d754517d10q.htm Edgar Link pending
d754517dex311.htm Edgar Link pending
d754517dex312.htm Edgar Link pending
d754517dex321.htm Edgar Link pending
d754517dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gsig-20140627.xml Edgar Link completed
gsig-20140627.xsd Edgar Link pending
gsig-20140627_cal.xml Edgar Link unprocessable
gsig-20140627_def.xml Edgar Link unprocessable
gsig-20140627_lab.xml Edgar Link unprocessable
gsig-20140627_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending