10-Q Filing

NOVANTA INC CIK: 1076930 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-029035`
Period End Date	20190630
Filing Date	20190806
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	novt-10q_20190628_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 82 Cash Flow Statement 66 Stockholders Equity 34 Comprehensive Income 26

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$283.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$321.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$107.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.09M	USD	Point-in-time
Common shares, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common shares, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common shares, Issued	`CommonStockSharesIssued`	34.89M	shares	Point-in-time
Accounts receivable, net of allowance of $283 and $321, respectively	`AccountsReceivableNetCurrent`	$83.95M	USD	Point-in-time
Accounts receivable, net of allowance of $283 and $321, respectively	`AccountsReceivableNetCurrent`	$88.83M	USD	Point-in-time
Common shares, Issued	`CommonStockSharesIssued`	34.97M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	34.89M	shares	Point-in-time
Inventories	`InventoryNet`	$104.76M	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	34.97M	shares	Point-in-time
Inventories	`InventoryNet`	$113.30M	USD	Point-in-time
Prepaid income taxes and income taxes receivable	`PrepaidIncomeTaxesAndIncomeTaxesReceivableCurrent`	$4.99M	USD	Point-in-time
Prepaid income taxes and income taxes receivable	`PrepaidIncomeTaxesAndIncomeTaxesReceivableCurrent`	$1.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.15M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$284.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$281.77M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$65.46M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$64.63M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$38.63M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$9.86M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$9.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.19M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.27M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$152.78M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$142.92M	USD	Point-in-time
Goodwill	`Goodwill`	$230.37M	USD	Point-in-time
Goodwill	`Goodwill`	$217.66M	USD	Point-in-time
Total assets	`Assets`	$783.37M	USD	Point-in-time
Total assets	`Assets`	$719.58M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$4.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.02M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.12M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.63M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$5.22M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$41.18M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$46.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$98.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.20M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$202.84M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$214.56M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$35.11M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesGrossNoncurrent`	$22.63M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesGrossNoncurrent`	$23.43M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$4.75M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$4.46M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$17.19M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$20.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$397.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$351.32M	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 34,972 and 34,886, respectively	`CommonStockValue`	$423.86M	USD	Point-in-time
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 34,972 and 34,886, respectively	`CommonStockValue`	$423.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$41.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$46.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-56.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-79.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$368.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$386.18M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$719.58M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$783.37M	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$150.40M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$312.33M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$297.37M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$155.15M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$85.17M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$180.26M	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$89.36M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$169.98M	USD	2 Qtrs
Gross profit	`GrossProfit`	$127.39M	USD	2 Qtrs
Gross profit	`GrossProfit`	$132.07M	USD	2 Qtrs
Gross profit	`GrossProfit`	$65.23M	USD	1 Quarter
Gross profit	`GrossProfit`	$65.78M	USD	1 Quarter
Research and development and engineering	`ResearchAndDevelopmentExpense`	$24.54M	USD	2 Qtrs
Research and development and engineering	`ResearchAndDevelopmentExpense`	$12.55M	USD	1 Quarter
Research and development and engineering	`ResearchAndDevelopmentExpense`	$13.39M	USD	1 Quarter
Research and development and engineering	`ResearchAndDevelopmentExpense`	$27.39M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$29.20M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$58.45M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$61.05M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$29.23M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$7.77M	USD	2 Qtrs
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$7.59M	USD	2 Qtrs
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$3.89M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$3.77M	USD	1 Quarter
Restructuring and acquisition related costs	`RestructuringAndAcquisitionRelatedCosts`	$4.31M	USD	1 Quarter
Restructuring and acquisition related costs	`RestructuringAndAcquisitionRelatedCosts`	$2.46M	USD	2 Qtrs
Restructuring and acquisition related costs	`RestructuringAndAcquisitionRelatedCosts`	$6.37M	USD	2 Qtrs
Restructuring and acquisition related costs	`RestructuringAndAcquisitionRelatedCosts`	$2.44M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$102.57M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$48.11M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$50.68M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$93.05M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$15.11M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.11M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$29.50M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$34.34M	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-2.16M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-2.56M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-4.20M	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-4.92M	USD	2 Qtrs
Foreign exchange transaction gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$68.00K	USD	2 Qtrs
Foreign exchange transaction gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-230.00K	USD	2 Qtrs
Foreign exchange transaction gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$27.00K	USD	1 Quarter
Foreign exchange transaction gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$177.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-87.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-138.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-70.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-46.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.69M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.22M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$29.11M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.59M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$4.64M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.52M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.06M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$24.46M	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$22.63M	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$10.38M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$11.62M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$1.55M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$625.00K	USD	1 Quarter
Net income attributable to Novanta Inc.	`NetIncomeLoss`	$10.38M	USD	1 Quarter
Net income attributable to Novanta Inc.	`NetIncomeLoss`	$22.91M	USD	2 Qtrs
Net income attributable to Novanta Inc.	`NetIncomeLoss`	$22.63M	USD	2 Qtrs
Net income attributable to Novanta Inc.	`NetIncomeLoss`	$11.00M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.65	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.51	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.50	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.64	USD	2 Qtrs
Weighted average common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.95M	shares	1 Quarter
Weighted average common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.00M	shares	1 Quarter
Weighted average common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.92M	shares	2 Qtrs
Weighted average common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.98M	shares	2 Qtrs
Weighted average common shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.49M	shares	2 Qtrs
Weighted average common shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.50M	shares	1 Quarter
Weighted average common shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.45M	shares	2 Qtrs
Weighted average common shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.47M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$24.46M	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$22.63M	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$10.38M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$11.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$18.11M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$18.19M	USD	2 Qtrs
Provision for inventory excess and obsolescence	`InventoryWriteDown`	$1.43M	USD	2 Qtrs
Provision for inventory excess and obsolescence	`InventoryWriteDown`	$1.17M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$3.78M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$5.11M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.22M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.04M	USD	2 Qtrs
Inventory acquisition fair value adjustments	`BusinessCombinationAmortizationOfFairValueAdjustmentToInventory`	$175.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-1.29M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-278.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.15M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.53M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.54M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.16M	USD	2 Qtrs
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidIncomeTaxesIncomeTaxesReceivablePrepaidDeferredExpenseAndOtherAssets`	$5.17M	USD	2 Qtrs
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidIncomeTaxesIncomeTaxesReceivablePrepaidDeferredExpenseAndOtherAssets`	$619.00K	USD	2 Qtrs
Accounts payable, income taxes payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-10.58M	USD	2 Qtrs
Accounts payable, income taxes payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-5.09M	USD	2 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-1.20M	USD	2 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$555.00K	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.37M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.85M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired and working capital adjustments	`PaymentsToAcquireBusinessesNetOfCashAcquiredAndWorkingCapitalAdjustments`	$27.45M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired and working capital adjustments	`PaymentsToAcquireBusinessesNetOfCashAcquiredAndWorkingCapitalAdjustments`	$28.88M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.60M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.26M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-41.00K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-72.00K	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.44M	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.63M	USD	2 Qtrs
Borrowings under revolving credit facility	`ProceedsFromIssuanceOfDebt`	$30.27M	USD	2 Qtrs
Borrowings under revolving credit facility	`ProceedsFromIssuanceOfDebt`	$23.64M	USD	2 Qtrs
Repayments of term loan and revolving credit facility	`RepaymentsOfDebt`	$21.83M	USD	2 Qtrs
Repayments of term loan and revolving credit facility	`RepaymentsOfDebt`	$16.10M	USD	2 Qtrs
Payments of withholding taxes from stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.37M	USD	2 Qtrs
Payments of withholding taxes from stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.72M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.93M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.34M	USD	2 Qtrs
Acquisition of noncontrolling interest	`PaymentsToMinorityShareholders`	$148.00K	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-283.00K	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-284.00K	USD	2 Qtrs
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.71M	USD	2 Qtrs
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.80M	USD	2 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.24M	USD	2 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$439.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.20M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.95M	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$82.04M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$100.06M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$107.26M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$66.09M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$82.04M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$100.06M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$107.26M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$66.09M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$3.90M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$4.42M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$7.86M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$12.04M	USD	2 Qtrs
Income tax refunds received	`ProceedsFromIncomeTaxRefunds`	$599.00K	USD	2 Qtrs
Income tax refunds received	`ProceedsFromIncomeTaxRefunds`	$407.00K	USD	2 Qtrs

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$368.25M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$324.37M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$379.70M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$311.55M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$386.18M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$318.61M	USD	Point-in-time
Net income	`NetIncomeLoss`	$10.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$22.63M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.00M	USD	1 Quarter
Redeemable noncontrolling interest redemption value adjustment	`MinorityInterestChangeInRedemptionValue`	$303.00K	USD	1 Quarter
Redeemable noncontrolling interest redemption value adjustment	`MinorityInterestChangeInRedemptionValue`	$-5.10M	USD	2 Qtrs
Shares withheld for taxes on vested stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.72M	USD	2 Qtrs
Shares withheld for taxes on vested stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$563.00K	USD	1 Quarter
Shares withheld for taxes on vested stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$829.00K	USD	1 Quarter
Shares withheld for taxes on vested stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.37M	USD	2 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$3.34M	USD	2 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$1.93M	USD	2 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$3.34M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$1.93M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.38M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.74M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.11M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.78M	USD	2 Qtrs
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-2.11M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-4.79M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-1.24M	USD	2 Qtrs
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$247.00K	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$368.25M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$324.37M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$379.70M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$311.55M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$386.18M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$318.61M	USD	Point-in-time

Comprehensive Income 26 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$24.46M	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$22.63M	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$10.38M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$11.62M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.99M	USD	2 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.66M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.66M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-323.00K	USD	2 Qtrs
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-570.00K	USD	2 Qtrs
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-871.00K	USD	1 Quarter
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-553.00K	USD	1 Quarter
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-755.00K	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.11M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-4.79M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-1.24M	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$247.00K	USD	2 Qtrs
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$8.27M	USD	1 Quarter
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$6.83M	USD	1 Quarter
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$22.88M	USD	2 Qtrs
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$23.23M	USD	2 Qtrs
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$625.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.55M	USD	2 Qtrs
Comprehensive income attributable to Novanta Inc.	`ComprehensiveIncomeNetOfTax`	$22.88M	USD	2 Qtrs
Comprehensive income attributable to Novanta Inc.	`ComprehensiveIncomeNetOfTax`	$21.67M	USD	2 Qtrs
Comprehensive income attributable to Novanta Inc.	`ComprehensiveIncomeNetOfTax`	$6.21M	USD	1 Quarter
Comprehensive income attributable to Novanta Inc.	`ComprehensiveIncomeNetOfTax`	$8.27M	USD	1 Quarter

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