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Earnings (Loss) per Common Share (Tables)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):

 

 

Year Ended December 31,

 

 

2015

 

 

2014

 

 

2013

 

Numerators:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

$

35,628

 

 

$

(16,909

)

 

$

9,977

 

Consolidated loss from discontinued operations

 

(13

)

 

 

(7,333

)

 

 

(2,646

)

Less: income attributable to noncontrolling interest

 

—

 

 

 

(10

)

 

 

(22

)

Loss from discontinued operations attributable to GSI Group Inc.

 

(13

)

 

 

(7,343

)

 

 

(2,668

)

Net income (loss) attributable to GSI Group Inc.

$

35,615

 

 

$

(24,252

)

 

$

7,309

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominators:

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding— basic

 

34,579

 

 

 

34,352

 

 

 

34,073

 

Dilutive potential common shares (1)

 

248

 

 

 

—

 

 

 

323

 

Weighted average common shares outstanding— diluted

 

34,827

 

 

 

34,352

 

 

 

34,396

 

Antidilutive common shares excluded from above

 

—

 

 

 

439

 

 

 

246

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$

1.03

 

 

$

(0.49

)

 

$

0.29

 

From discontinued operations

$

(0.00

)

 

$

(0.21

)

 

$

(0.08

)

Basic earnings (loss) per share attributable to GSI Group Inc.

$

1.03

 

 

$

(0.70

)

 

$

0.21

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$

1.02

 

 

$

(0.49

)

 

$

0.29

 

From discontinued operations

$

(0.00

)

 

$

(0.21

)

 

$

(0.08

)

Diluted earnings (loss) per share attributable to GSI Group Inc.

$

1.02

 

 

$

(0.70

)

 

$

0.21

 

 

 

(1)

Due to the Company’s net loss position for the year ended December 31, 2014, all potentially dilutive shares were excluded as their effect would have been anti-dilutive.