$NOVT
NOVANTA INC

2015 Q2 Form 10-Q Financial Statement

#000156459015003506 Filed on May 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q1
Revenue $94.61M $79.13M
YoY Change -2.36% 5.41%
Cost Of Revenue $54.61M $47.03M
YoY Change -6.26% 5.82%
Gross Profit $40.01M $32.11M
YoY Change 3.51% 4.81%
Gross Profit Margin 42.28% 40.57%
Selling, General & Admin $22.07M $19.62M
YoY Change 3.07% 4.97%
% of Gross Profit 55.16% 61.11%
Research & Development $8.215M $5.857M
YoY Change 9.17% 0.7%
% of Gross Profit 20.53% 18.24%
Depreciation & Amortization $4.762M $4.829M
YoY Change -24.68% -8.18%
% of Gross Profit 11.9% 15.04%
Operating Expenses $34.61M $28.04M
YoY Change 7.58% -3.88%
Operating Profit $5.397M $4.068M
YoY Change -16.71% 178.25%
Interest Expense -$200.0K -$300.0K
YoY Change -80.0% -142.86%
% of Operating Profit -3.71% -7.37%
Other Income/Expense, Net -$151.0K -$275.0K
YoY Change -85.15% -139.86%
Pretax Income $5.246M $3.793M
YoY Change -3.97% 76.25%
Income Tax $1.800M $937.0K
% Of Pretax Income 34.31% 24.7%
Net Earnings $3.446M $983.0K
YoY Change 375.31% -52.79%
Net Earnings / Revenue 3.64% 1.24%
Basic Earnings Per Share $0.10 $0.03
Diluted Earnings Per Share $0.10 $0.03
COMMON SHARES
Basic Shares Outstanding 34.51M 34.23M
Diluted Shares Outstanding 35.00M 34.67M

Balance Sheet

Concept 2015 Q2 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.50M $31.70M
YoY Change 5.56% -12.67%
Cash & Equivalents $47.54M $31.74M
Short-Term Investments
Other Short-Term Assets $26.30M $29.80M
YoY Change -1.87% -4.79%
Inventory $60.70M $63.83M
Prepaid Expenses
Receivables $53.40M $61.31M
Other Receivables $5.100M $5.500M
Total Short-Term Assets $193.0M $192.1M
YoY Change -3.04% -6.95%
LONG-TERM ASSETS
Property, Plant & Equipment $37.60M $31.45M
YoY Change -6.37% -6.53%
Goodwill $115.2M
YoY Change 333.37%
Intangibles $102.8M
YoY Change 39.83%
Long-Term Investments
YoY Change
Other Assets $15.90M $11.96M
YoY Change 27.43% 38.84%
Total Long-Term Assets $222.1M $261.8M
YoY Change -16.74% 35.09%
TOTAL ASSETS
Total Short-Term Assets $193.0M $192.1M
Total Long-Term Assets $222.1M $261.8M
Total Assets $415.1M $454.0M
YoY Change -10.88% 13.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.10M $26.57M
YoY Change -4.71% 5.47%
Accrued Expenses $11.10M $10.60M
YoY Change -13.28% -5.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.500M $7.500M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $60.40M $64.03M
YoY Change -9.2% -2.12%
LONG-TERM LIABILITIES
Long-Term Debt $115.6M $129.1M
YoY Change -9.16% 35.03%
Other Long-Term Liabilities $25.50M $4.750M
YoY Change 89.94% -49.79%
Total Long-Term Liabilities $141.1M $133.9M
YoY Change 0.3% 27.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $60.40M $64.03M
Total Long-Term Liabilities $141.1M $133.9M
Total Liabilities $204.2M $210.3M
YoY Change -6.88% 20.99%
SHAREHOLDERS EQUITY
Retained Earnings -$199.9M
YoY Change -3.01%
Common Stock $449.5M
YoY Change 0.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $210.9M $243.2M
YoY Change
Total Liabilities & Shareholders Equity $415.1M $454.0M
YoY Change -10.88% 13.41%

Cashflow Statement

Concept 2015 Q2 2014 Q1
OPERATING ACTIVITIES
Net Income $3.446M $983.0K
YoY Change 375.31% -52.79%
Depreciation, Depletion And Amortization $4.762M $4.829M
YoY Change -24.68% -8.18%
Cash From Operating Activities $6.042M $1.497M
YoY Change -67.34% -67.51%
INVESTING ACTIVITIES
Capital Expenditures $946.0K $972.0K
YoY Change -159.13% -39.44%
Acquisitions $13.85M $92.36M
YoY Change 11.74%
Other Investing Activities -$13.80M -$92.90M
YoY Change 762.5% 12.2%
Cash From Investing Activities -$14.78M -$93.91M
YoY Change 361.72% 11.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.731M 63.19M
YoY Change -392.65% 21.27%
NET CHANGE
Cash From Operating Activities 6.042M 1.497M
Cash From Investing Activities -14.78M -93.91M
Cash From Financing Activities 6.731M 63.19M
Net Change In Cash -2.002M -29.22M
YoY Change -115.4% 5.68%
FREE CASH FLOW
Cash From Operating Activities $6.042M $1.497M
Capital Expenditures $946.0K $972.0K
Free Cash Flow $5.096M $525.0K
YoY Change -74.65% -82.52%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q4 us-gaap Minority Interest
MinorityInterest
429000
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
211254000
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
398919000
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
282000
CY2014Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
34219000
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
34219000
CY2015Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
54608000
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1397000
CY2015Q2 gsig Restructuring Charges Acquisition And Divesture Related Costs
RestructuringChargesAcquisitionAndDivestureRelatedCosts
2437000
CY2014Q1 gsig Restructuring Charges Acquisition And Divesture Related Costs
RestructuringChargesAcquisitionAndDivestureRelatedCosts
818000
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
34609000
CY2014Q1 us-gaap Operating Expenses
OperatingExpenses
28037000
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
5397000
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
4068000
CY2014Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-837000
CY2015Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
517000
CY2014Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-19000
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
729000
CY2014Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
581000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5246000
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3793000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1800000
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
937000
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3446000
CY2014Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2856000
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1866000
CY2015Q2 us-gaap Profit Loss
ProfitLoss
3446000
CY2014Q1 us-gaap Profit Loss
ProfitLoss
990000
CY2014Q1 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
7000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
3446000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
983000
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.10
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.08
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.10
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.08
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.05
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.05
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34506000
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34227000
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34999000
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34669000
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4506000
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-63000
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-729000
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-64000
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3777000
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-331000
CY2014Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
991000
CY2014Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
7000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-331000
CY2014Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
984000
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
500000
CY2015Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4762000
CY2014Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4829000
CY2015Q2 us-gaap Inventory Write Down
InventoryWriteDown
516000
CY2014Q1 us-gaap Inventory Write Down
InventoryWriteDown
465000
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1597000
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1439000
CY2015Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-103000
CY2014Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1990000
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
727000
CY2014Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
573000
CY2015Q2 gsig Non Cash Restructuring And Related Charges Credits
NonCashRestructuringAndRelatedChargesCredits
288000
CY2014Q1 gsig Non Cash Restructuring And Related Charges Credits
NonCashRestructuringAndRelatedChargesCredits
171000
CY2015Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-415000
CY2014Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-437000
CY2015Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5096000
CY2014Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4919000
CY2015Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3975000
CY2015Q2 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
390000
CY2014Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-763000
CY2015Q2 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
6042000
CY2014Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-388000
CY2015Q2 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
4660000
CY2014Q1 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-2519000
CY2014Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1449000
CY2015Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-649000
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2796000
CY2014Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-1299000
CY2015Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6042000
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1497000
CY2015Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
946000
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
972000
CY2015Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13852000
CY2014Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
92360000
CY2015Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
23000
CY2014Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
38000
CY2015Q2 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-14775000
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-93294000
CY2014Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-617000
CY2015Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14775000
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-93911000
CY2015Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
13000000
CY2014Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
70000000
CY2015Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
4875000
CY2014Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
4875000
CY2014Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
712000
CY2015Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1352000
CY2014Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1371000
CY2015Q2 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
201000
CY2014Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
246000
CY2015Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
159000
CY2014Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
395000
CY2015Q2 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
6731000
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
63191000
CY2015Q2 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0
CY2014Q1 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0
CY2015Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6731000
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
63191000
CY2015Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1602000
CY2014Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-16000
CY2015Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3604000
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-29239000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60980000
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31741000
CY2015Q2 us-gaap Interest Paid
InterestPaid
975000
CY2014Q1 us-gaap Interest Paid
InterestPaid
489000
CY2015Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
1559000
CY2014Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
1026000
CY2015Q2 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
16000
CY2015Q2 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
17000
CY2015Q2 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:4.53%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">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>
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
16000
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities
1198000
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
54215000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities
74000
CY2015Q2 us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
0.41
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
4268000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
95000
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
6936000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
161000
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Prepaid And Other Assets Current
DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent
452000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Prepaid And Other Assets Current
DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent
8000
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
1926000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
367000
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
1522000
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
234000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
234000
CY2014Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
4016000
CY2014Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
-2851000
CY2014Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-1866000
CY2015Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-3994000
CY2015Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-217000
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1873000
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
493000
CY2014Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
442000
CY2014Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
87000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
500000
CY2015Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
722000
CY2015Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
722000
CY2015Q2 us-gaap Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
965000
CY2015Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
965000
CY2014Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
2255000
CY2015Q2 us-gaap Business Acquisition Date Of Acquisition Agreement1
BusinessAcquisitionDateOfAcquisitionAgreement1
2015-02-19
CY2015Q2 gsig Number Of Contingent Consideration Installments
NumberOfContingentConsiderationInstallments
2
CY2014Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
19600000
CY2015Q2 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
7553000
CY2015Q2 us-gaap Goodwill Gross
GoodwillGross
249528000
CY2015Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2014Q4 us-gaap Goodwill Gross
GoodwillGross
241975000
CY2014Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2015Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
160601000
CY2015Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
103344000
CY2015Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
57257000
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
155127000
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
100912000
CY2015Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2014Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2015Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
173628000
CY2014Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
168154000
CY2015Q2 us-gaap Cost Of Goods Sold Amortization
CostOfGoodsSoldAmortization
1119000
CY2014Q1 us-gaap Cost Of Goods Sold Amortization
CostOfGoodsSoldAmortization
1301000
CY2015Q2 gsig Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
3008000
CY2014Q1 gsig Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
3045000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
9076000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10803000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9861000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7752000
CY2014Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
2165000
CY2015Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8269000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
14270000
CY2015Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
37444000
CY2014Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
38934000
CY2015Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.343
CY2014Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.247
CY2015Q2 us-gaap Restructuring Charges
RestructuringCharges
1753000
CY2014Q1 us-gaap Restructuring Charges
RestructuringCharges
28000
CY2015Q2 gsig Acquisition And Divestiture Related Charges
AcquisitionAndDivestitureRelatedCharges
684000
CY2014Q1 gsig Acquisition And Divestiture Related Charges
AcquisitionAndDivestitureRelatedCharges
790000
CY2015Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
10293000
CY2014Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
9899000
CY2015Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
11551000
CY2014Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
11945000
CY2015Q2 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
1394000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
5495000
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7741000
CY2015Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2825000
CY2014Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3044000
CY2015Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2201000
CY2014Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1827000
CY2015Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8229000
CY2014Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6789000
CY2013Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3315000
CY2015Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
429000
CY2014Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
481000
CY2015Q2 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
94000
CY2014Q1 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
90000
CY2015Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
342000
CY2014Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
571000
CY2015Q2 gsig Product Warranty Accrual Reclassification To Liabilities Held For Sale
ProductWarrantyAccrualReclassificationToLiabilitiesHeldForSale
376000
CY2015Q2 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-24000
CY2014Q1 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-5000
CY2014Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3310000
CY2015Q2 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
9458000
CY2014Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
9507000
CY2015Q2 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
5409000
CY2014Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
6037000
CY2015Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
3828000
CY2014Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
3275000
CY2015Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
123125000
CY2014Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
115000000
CY2015Q2 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
1900000
CY2015Q2 gsig Debt Instruments Maturity Date Month And Year
DebtInstrumentsMaturityDateMonthAndYear
2017-12
CY2015Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1553000
CY2014Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1485000
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
231000
CY2015Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
542000
CY2015Q2 us-gaap Restructuring Reserve Settled Without Cash1
RestructuringReserveSettledWithoutCash1
328000
CY2015Q2 us-gaap Restructuring Reserve
RestructuringReserve
1114000
CY2015Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2015Q2 gsig Gross Margin Percentage
GrossMarginPercentage
0.423
CY2014Q1 gsig Gross Margin Percentage
GrossMarginPercentage
0.406

Files In Submission

Name View Source Status
0001564590-15-003506-index-headers.html Edgar Link pending
0001564590-15-003506-index.html Edgar Link pending
0001564590-15-003506.txt Edgar Link pending
0001564590-15-003506-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gsig-10q_20150403.htm Edgar Link pending
gsig-20150403.xml Edgar Link completed
gsig-20150403.xsd Edgar Link pending
gsig-20150403_cal.xml Edgar Link unprocessable
gsig-20150403_def.xml Edgar Link unprocessable
gsig-20150403_lab.xml Edgar Link unprocessable
gsig-20150403_pre.xml Edgar Link unprocessable
gsig-ex311_201504036.htm Edgar Link pending
gsig-ex312_201504038.htm Edgar Link pending
gsig-ex321_201504037.htm Edgar Link pending
gsig-ex322_201504039.htm Edgar Link pending
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
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending