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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current Assets  
Cash and cash equivalents$ 50,655$ 56,781
Accounts receivable, net of allowance of $678 and $696, respectively56,54555,110
Income taxes receivable21,97521,920
Inventories70,91766,721
Deferred tax assets4,2424,226
Deferred cost of goods sold1,7037,789
Prepaid expenses and other current assets5,6575,580
Total current assets211,694218,127
Property, plant and equipment, net of accumulated depreciation of $59,924 and $55,336, respectively42,48945,402
Deferred tax assets1,4741,445
Other assets5,6244,476
Intangible assets, net47,39653,139
Goodwill44,57844,578
Total Assets353,255367,167
Current Liabilities  
Accounts payable22,00319,766
Income taxes payable2,8191,785
Accrued compensation and benefits9,0857,988
Deferred revenue4,12615,006
Other accrued expenses13,95314,717
Total current liabilities51,98659,262
Debt73,107107,575
Deferred revenue227402
Deferred tax liabilities8,4778,373
Accrued restructuring, net of current portion234769
Income taxes payable7,6796,644
Accrued pension liability2,4673,044
Other liabilities1,1542,420
Total liabilities145,331188,489
Commitments and contingencies (Note 12)  
Stockholders' Equity  
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 33,367,264 and 33,342,169 respectively423,856423,856
Additional paid-in capital17,17314,655
Accumulated deficit(231,615)(256,733)
Accumulated other comprehensive loss(1,854)(3,429)
Total GSI Group Inc. stockholders' equity207,560178,349
Noncontrolling interest364329
Total stockholders' equity207,924178,678
Total Liabilities and Stockholders' Equity$ 353,255$ 367,167