10-Q Filing

NOVANTA INC CIK: 1076930 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-218532`
Period End Date	20120331
Filing Date	20120508
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	gsig-20120330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 45 Cash Flow Statement 55 Comprehensive Income 14

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$557.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$550.00K	USD	Point-in-time
Common shares, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common shares, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.36M	USD	Point-in-time
Common shares, Issued	`CommonStockSharesIssued`	33.60M	shares	Point-in-time
Common shares, Issued	`CommonStockSharesIssued`	33.48M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.34M	USD	Point-in-time
Accounts receivable, net of allowance of $550 and $557, respectively	`AccountsReceivableNetCurrent`	$51.29M	USD	Point-in-time
Accounts receivable, net of allowance of $550 and $557, respectively	`AccountsReceivableNetCurrent`	$50.17M	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	33.48M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	33.60M	shares	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$22.67M	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$22.71M	USD	Point-in-time
Inventories	`InventoryNet`	$66.13M	USD	Point-in-time
Inventories	`InventoryNet`	$65.81M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$5.32M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$5.33M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.97M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$206.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$202.80M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$43.41M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$41.69M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$813.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$814.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$45.80M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$44.37M	USD	Point-in-time
Goodwill	`Goodwill`	$44.58M	USD	Point-in-time
Goodwill	`Goodwill`	$44.58M	USD	Point-in-time
Total assets	`Assets`	$341.26M	USD	Point-in-time
Total assets	`Assets`	$348.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.68M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.07M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.83M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.76M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.91M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesCurrent`	$140.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesCurrent`	$146.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$24.74M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$25.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$60.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$58.21M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$45.50M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$58.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$8.72M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$8.74M	USD	Point-in-time
Income taxes payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$8.06M	USD	Point-in-time
Income taxes payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$8.08M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$5.57M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$6.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$127.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$139.14M	USD	Point-in-time
Commitments and Contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 33,599 and 33,478, respectively	`CommonStockValue`	$423.86M	USD	Point-in-time
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 33,599 and 33,478, respectively	`CommonStockValue`	$423.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$19.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$17.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-226.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-227.76M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.02M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.70M	USD	Point-in-time
Total GSI Group Inc. stockholders' equity	`StockholdersEquity`	$209.00M	USD	Point-in-time
Total GSI Group Inc. stockholders' equity	`StockholdersEquity`	$212.99M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$357.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$375.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$213.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$209.36M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$341.26M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$348.50M	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$91.86M	USD	1 Quarter
Sales	`SalesRevenueNet`	$78.81M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$51.96M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$46.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$32.77M	USD	1 Quarter
Gross profit	`GrossProfit`	$39.89M	USD	1 Quarter
Research and development and engineering	`ResearchAndDevelopmentExpense`	$8.17M	USD	1 Quarter
Research and development and engineering	`ResearchAndDevelopmentExpense`	$7.43M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$19.27M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.96M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$662.00K	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$992.00K	USD	1 Quarter
Restructuring, restatement related costs and other	`RestructuringChargesAndOtherCharges`	$2.67M	USD	1 Quarter
Restructuring, restatement related costs and other	`RestructuringChargesAndOtherCharges`	$183.00K	USD	1 Quarter
Post-emergence professional fees	`PrepetitionAndPostemergenceProfessionalFees`	$139.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$28.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$29.72M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.14M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$21.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$20.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$828.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.67M	USD	1 Quarter
Foreign exchange transaction losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-692.00K	USD	1 Quarter
Foreign exchange transaction losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-790.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.03M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$188.00K	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.64M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.83M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$243.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.57M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$1.40M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$6.26M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$55.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$18.00K	USD	1 Quarter
Net income attributable to GSI Group Inc.	`NetIncomeLoss`	$1.38M	USD	1 Quarter
Net income attributable to GSI Group Inc.	`NetIncomeLoss`	$6.21M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.45M	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.68M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.88M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.53M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$1.40M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$6.26M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.80M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$988.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.28M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-114.00K	USD	1 Quarter
Earnings from equity investment	`IncomeLossFromEquityMethodInvestments`	$177.00K	USD	1 Quarter
Earnings from equity investment	`IncomeLossFromEquityMethodInvestments`	$1.03M	USD	1 Quarter
Non-cash interest expense	`NonCashInterestExpense`	$274.00K	USD	1 Quarter
Non-cash interest expense	`NonCashInterestExpense`	$361.00K	USD	1 Quarter
Non-cash restructuring charges	`RestructuringCosts`	$1.32M	USD	1 Quarter
Non-cash restructuring charges	`RestructuringCosts`	$17.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$21.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-142.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$80.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$846.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.22M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$273.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-987.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-735.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.24M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.03M	USD	1 Quarter
Accounts payable, accrued expenses and income taxes receivable and payable	`IncreaseDecreaseInOtherOperatingCapitalNet`	$758.00K	USD	1 Quarter
Accounts payable, accrued expenses and income taxes receivable and payable	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.49M	USD	1 Quarter
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$494.00K	USD	1 Quarter
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-96.00K	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.09M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.61M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.40M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.19M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.40M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.19M	USD	1 Quarter
Capital lease payments	`RepaymentsOfCapitalLeaseObligations`	$228.00K	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	$2.50M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$10.00M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.73M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$562.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$141.00K	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.56M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.48M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.84M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.36M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$56.78M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$61.34M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.84M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$56.78M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$61.34M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$541.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$3.29M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$562.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$77.00K	USD	1 Quarter
Income tax refunds received	`ProceedsFromIncomeTaxRefunds`	$62.00K	USD	1 Quarter
Issuance of PIK notes	`NotesIssued1`	$532.00K	USD	1 Quarter

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$1.40M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$6.26M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$2.23M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$1.21M	USD	1 Quarter
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	$75.00K	USD	1 Quarter
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	$117.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$2.30M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$1.32M	USD	1 Quarter
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.72M	USD	1 Quarter
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$8.56M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$18.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$55.00K	USD	1 Quarter
Comprehensive income attributable to GSI Group, Inc.	`ComprehensiveIncomeNetOfTax`	$2.70M	USD	1 Quarter
Comprehensive income attributable to GSI Group, Inc.	`ComprehensiveIncomeNetOfTax`	$8.51M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.