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10-Q Filing

NOVANTA INC CIK: 1076930 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001193125-13-207510
Period End Date 20130331
Filing Date 20130508
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance gsig-20130329.xml
Filing Contents
Balance Sheet 82 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance AllowanceForDoubtfulAccountsReceivableCurrent $641.00K USD Point-in-time
Accounts receivable, allowance AllowanceForDoubtfulAccountsReceivableCurrent $374.00K 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 $65.79M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $54.84M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $36.34M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $50.36M USD Point-in-time
Common shares, Issued CommonStockSharesIssued 33.80M shares Point-in-time
Common shares, Issued CommonStockSharesIssued 33.92M shares Point-in-time
Common shares, outstanding CommonStockSharesOutstanding 33.80M shares Point-in-time
Accounts receivable, net of allowance of $641 and $374, respectively AccountsReceivableNetCurrent $42.65M USD Point-in-time
Common shares, outstanding CommonStockSharesOutstanding 33.92M shares Point-in-time
Accounts receivable, net of allowance of $641 and $374, respectively AccountsReceivableNetCurrent $57.28M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $16.54M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $16.62M USD Point-in-time
Inventories InventoryNet $52.80M USD Point-in-time
Inventories InventoryNet $64.90M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetCurrent $7.58M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetCurrent $7.07M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $5.99M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $5.49M USD Point-in-time
Assets of discontinued operations AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $18.28M USD Point-in-time
Assets of discontinued operations AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $17.62M USD Point-in-time
Total current assets AssetsCurrent $208.47M USD Point-in-time
Total current assets AssetsCurrent $206.48M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $33.65M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $32.34M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $4.82M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $3.88M USD Point-in-time
Other assets OtherAssetsNoncurrent $8.61M USD Point-in-time
Other assets OtherAssetsNoncurrent $8.17M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $73.49M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $40.02M USD Point-in-time
Goodwill Goodwill $44.58M USD Point-in-time
Goodwill Goodwill $73.27M USD Point-in-time
Total assets Assets $337.46M USD Point-in-time
Total assets Assets $400.32M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $7.50M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $7.50M USD Point-in-time
Accounts payable AccountsPayableCurrent $18.82M USD Point-in-time
Accounts payable AccountsPayableCurrent $25.20M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $3.32M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $4.17M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.10M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $316.00K USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesGrossCurrent $376.00K USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesGrossCurrent $402.00K USD Point-in-time
Accrued expenses and other current liabilities OtherAccruedLiabilitiesCurrent $22.36M USD Point-in-time
Accrued expenses and other current liabilities OtherAccruedLiabilitiesCurrent $18.96M USD Point-in-time
Liabilities of discontinued operations LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $5.61M USD Point-in-time
Liabilities of discontinued operations LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $4.72M USD Point-in-time
Total current liabilities LiabilitiesCurrent $65.42M USD Point-in-time
Total current liabilities LiabilitiesCurrent $54.93M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $42.50M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $95.62M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesGrossNoncurrent $770.00K USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesGrossNoncurrent $255.00K USD Point-in-time
Income taxes payable LiabilityForUncertainTaxPositionsNoncurrent $2.56M USD Point-in-time
Income taxes payable LiabilityForUncertainTaxPositionsNoncurrent $1.76M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $9.81M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $9.46M USD Point-in-time
Total liabilities Liabilities $109.25M USD Point-in-time
Total liabilities Liabilities $173.83M USD Point-in-time
Commitments and Contingencies (Note 14) CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies (Note 14) CommitmentsAndContingencies - USD Point-in-time
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 33,920 and 33,796, respectively CommonStockValue $423.86M USD Point-in-time
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 33,920 and 33,796, respectively CommonStockValue $423.86M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $22.83M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $21.92M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-208.22M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-206.14M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-9.75M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-14.49M USD Point-in-time
Total GSI Group Inc. stockholders' equity StockholdersEquity $226.05M USD Point-in-time
Total GSI Group Inc. stockholders' equity StockholdersEquity $227.81M USD Point-in-time
Noncontrolling interest MinorityInterest $397.00K USD Point-in-time
Noncontrolling interest MinorityInterest $433.00K USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $228.21M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $226.48M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $337.46M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $400.32M USD Point-in-time
Income Statement 54 line items
Line Item Tag Value Unit Period
Sales SalesRevenueNet $65.19M USD 1 Quarter
Sales SalesRevenueNet $83.11M USD 1 Quarter
Cost of sales CostOfGoodsSold $37.51M USD 1 Quarter
Cost of sales CostOfGoodsSold $49.95M USD 1 Quarter
Gross profit GrossProfit $27.68M USD 1 Quarter
Gross profit GrossProfit $33.16M USD 1 Quarter
Research and development and engineering ResearchAndDevelopmentExpense $6.62M USD 1 Quarter
Research and development and engineering ResearchAndDevelopmentExpense $5.77M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $20.24M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $16.21M USD 1 Quarter
Amortization of purchased intangible assets AmortizationOfAcquiredIntangibleAssets $2.24M USD 1 Quarter
Amortization of purchased intangible assets AmortizationOfAcquiredIntangibleAssets $662.00K USD 1 Quarter
Restructuring costs and other RestructuringChargesAndOtherCharges $3.12M USD 1 Quarter
Restructuring costs and other RestructuringChargesAndOtherCharges $2.22M USD 1 Quarter
Total operating expenses OperatingExpenses $32.21M USD 1 Quarter
Total operating expenses OperatingExpenses $24.86M USD 1 Quarter
Income from operations OperatingIncomeLoss $949.00K USD 1 Quarter
Income from operations OperatingIncomeLoss $2.82M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-895.00K USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-809.00K USD 1 Quarter
Foreign exchange transaction gains (losses), net ForeignCurrencyTransactionGainLossBeforeTax $1.20M USD 1 Quarter
Foreign exchange transaction gains (losses), net ForeignCurrencyTransactionGainLossBeforeTax $-892.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $369.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $187.00K USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.62M USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.31M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $150.00K USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $230.00K USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $1.08M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $1.47M USD 1 Quarter
Income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $649.00K USD 1 Quarter
Income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $322.00K USD 1 Quarter
Consolidated net income ProfitLoss $2.12M USD 1 Quarter
Consolidated net income ProfitLoss $1.40M USD 1 Quarter
Less: Net (income) attributable to noncontrolling interest IncomeLossAttributableToNoncontrollingInterest $36.00K USD 1 Quarter
Less: Net (income) attributable to noncontrolling interest IncomeLossAttributableToNoncontrollingInterest $18.00K USD 1 Quarter
Net income attributable to GSI Group Inc. NetIncomeLoss $2.08M USD 1 Quarter
Net income attributable to GSI Group Inc. NetIncomeLoss $1.38M USD 1 Quarter
Basic IncomeLossFromContinuingOperationsPerBasicShare $0.04 USD 1 Quarter
Basic IncomeLossFromContinuingOperationsPerBasicShare $0.03 USD 1 Quarter
Diluted IncomeLossFromContinuingOperationsPerDilutedShare $0.03 USD 1 Quarter
Diluted IncomeLossFromContinuingOperationsPerDilutedShare $0.04 USD 1 Quarter
Basic IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.01 USD 1 Quarter
Basic IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.02 USD 1 Quarter
Diluted IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.01 USD 1 Quarter
Diluted IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.02 USD 1 Quarter
Basic EarningsPerShareBasic $0.06 USD 1 Quarter
Basic EarningsPerShareBasic $0.04 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.06 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.04 USD 1 Quarter
Weighted average common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 33.98M 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 34.27M shares 1 Quarter
Cash Flow Statement 63 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $2.12M USD 1 Quarter
Consolidated net income ProfitLoss $1.40M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.80M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.48M USD 1 Quarter
Share-based compensation ShareBasedCompensation $1.28M USD 1 Quarter
Share-based compensation ShareBasedCompensation $1.54M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuedOperations $-974.00K USD 1 Quarter
Earnings from equity investment IncomeLossFromEquityMethodInvestments $361.00K USD 1 Quarter
Earnings from equity investment IncomeLossFromEquityMethodInvestments $177.00K USD 1 Quarter
Non-cash interest expense NonCashInterestExpense $274.00K USD 1 Quarter
Non-cash interest expense NonCashInterestExpense $253.00K USD 1 Quarter
Non-cash restructuring charges RestructuringCosts $1.32M USD 1 Quarter
Non-cash restructuring charges RestructuringCosts $-241.00K USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $21.00K USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-627.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $6.70M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $846.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-1.18M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $273.00K USD 1 Quarter
Prepaid expenses, income taxes receivable and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.02M USD 1 Quarter
Prepaid expenses, income taxes receivable and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-681.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-682.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-2.24M USD 1 Quarter
Accounts payable, accrued expenses, income taxes payable and other current liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-1.25M USD 1 Quarter
Accounts payable, accrued expenses, income taxes payable and other current liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-3.45M USD 1 Quarter
Other non-current assets and liabilities IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $-96.00K USD 1 Quarter
Other non-current assets and liabilities IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $-430.00K USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $9.09M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $4.61M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.40M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.72M USD 1 Quarter
Acquisition of business PaymentsToAcquireBusinessesGross $-82.65M USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-84.37M USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-1.40M USD 1 Quarter
Proceeds from revolving credit facility ProceedsFromLinesOfCredit $60.00M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $1.88M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $2.50M USD 1 Quarter
Repayments of borrowings under the revolving credit facility RepaymentsOfLinesOfCredit $10.00M USD 1 Quarter
Repayments of borrowings under the revolving credit facility RepaymentsOfLinesOfCredit $5.00M USD 1 Quarter
Payments for debt issuance costs PaymentsOfDebtIssuanceCosts $145.00K USD 1 Quarter
Payments of withholding taxes from stock-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $639.00K USD 1 Quarter
Capital lease payments RepaymentsOfCapitalLeaseObligations $233.00K USD 1 Quarter
Capital lease payments RepaymentsOfCapitalLeaseObligations $228.00K USD 1 Quarter
Cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $52.11M USD 1 Quarter
Cash provided by (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 $-1.80M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-29.45M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-4.48M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $65.79M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $54.84M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $36.34M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $50.36M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $65.79M 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 $36.34M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $50.36M USD Point-in-time
Cash paid for interest InterestPaid $541.00K USD 1 Quarter
Cash paid for interest InterestPaid $378.00K USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $77.00K USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $449.00K USD 1 Quarter
Income tax refunds received ProceedsFromIncomeTaxRefunds $3.00K USD 1 Quarter
Income tax refunds received ProceedsFromIncomeTaxRefunds $62.00K USD 1 Quarter
Comprehensive Income 15 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $2.12M USD 1 Quarter
Tax effect on component of comprehensive income OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax $1.30M USD 1 Quarter
Consolidated net income ProfitLoss $1.40M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-5.69M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.21M USD 1 Quarter
Pension liability adjustments, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-949.00K USD 1 Quarter
Pension liability adjustments, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-117.00K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-4.75M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $1.32M USD 1 Quarter
Total consolidated comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.72M USD 1 Quarter
Total consolidated comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-2.63M USD 1 Quarter
Less: Comprehensive (income) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $36.00K USD 1 Quarter
Less: Comprehensive (income) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $18.00K USD 1 Quarter
Comprehensive income (loss) attributable to GSI Group Inc. ComprehensiveIncomeNetOfTax $-2.66M USD 1 Quarter
Comprehensive income (loss) attributable to GSI Group Inc. ComprehensiveIncomeNetOfTax $2.70M USD 1 Quarter

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

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