10-Q Filing

NOVANTA INC CIK: 1076930 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-040094`
Period End Date	20190930
Filing Date	20191105
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	novt-10q_20190927_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 82 Cash Flow Statement 67 Stockholders Equity 40 Comprehensive Income 26

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$321.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$233.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.41M	USD	Point-in-time
Common shares, no par value	`CommonStockNoParValue`	-	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
Common shares, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$111.81M	USD	Point-in-time
Accounts receivable, net of allowance of $233 and $321, respectively	`AccountsReceivableNetCurrent`	$98.67M	USD	Point-in-time
Accounts receivable, net of allowance of $233 and $321, respectively	`AccountsReceivableNetCurrent`	$83.95M	USD	Point-in-time
Common shares, Issued	`CommonStockSharesIssued`	34.89M	shares	Point-in-time
Common shares, Issued	`CommonStockSharesIssued`	35.09M	shares	Point-in-time
Inventories	`InventoryNet`	$104.76M	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	34.89M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	35.09M	shares	Point-in-time
Inventories	`InventoryNet`	$118.57M	USD	Point-in-time
Prepaid income taxes and income taxes receivable	`PrepaidIncomeTaxesAndIncomeTaxesReceivableCurrent`	$6.36M	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`	$11.86M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$296.86M	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`	$76.12M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$35.49M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$9.94M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$9.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.73M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.27M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$168.08M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$142.92M	USD	Point-in-time
Goodwill	`Goodwill`	$217.66M	USD	Point-in-time
Goodwill	`Goodwill`	$268.74M	USD	Point-in-time
Total assets	`Assets`	$857.96M	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`	$47.01M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.66M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.63M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$5.07M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$71.18M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$46.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$124.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.20M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$227.51M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$202.84M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$32.18M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesGrossNoncurrent`	$22.63M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesGrossNoncurrent`	$28.98M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$4.69M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$4.46M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$36.81M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$17.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$351.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$455.08M	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: 35,089 and 34,886, respectively	`CommonStockValue`	$423.86M	USD	Point-in-time
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 35,089 and 34,886, respectively	`CommonStockValue`	$423.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$46.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-79.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-47.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.53M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$368.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$402.88M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$857.96M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$719.58M	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$458.16M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$154.07M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$466.40M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$160.79M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$261.14M	USD	3 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$90.01M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$270.27M	USD	3 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$91.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$69.63M	USD	1 Quarter
Gross profit	`GrossProfit`	$64.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$196.12M	USD	3 Qtrs
Gross profit	`GrossProfit`	$197.02M	USD	3 Qtrs
Research and development and engineering	`ResearchAndDevelopmentExpense`	$37.74M	USD	3 Qtrs
Research and development and engineering	`ResearchAndDevelopmentExpense`	$13.81M	USD	1 Quarter
Research and development and engineering	`ResearchAndDevelopmentExpense`	$13.20M	USD	1 Quarter
Research and development and engineering	`ResearchAndDevelopmentExpense`	$41.20M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$87.60M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$29.15M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$27.93M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$88.98M	USD	3 Qtrs
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$3.95M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$11.54M	USD	3 Qtrs
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$3.97M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$11.74M	USD	3 Qtrs
Restructuring and acquisition related costs	`RestructuringChargesAndAcquisitionRelatedCosts`	$5.55M	USD	1 Quarter
Restructuring and acquisition related costs	`RestructuringChargesAndAcquisitionRelatedCosts`	$11.91M	USD	3 Qtrs
Restructuring and acquisition related costs	`RestructuringChargesAndAcquisitionRelatedCosts`	$4.80M	USD	3 Qtrs
Restructuring and acquisition related costs	`RestructuringChargesAndAcquisitionRelatedCosts`	$2.34M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$48.64M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$153.83M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$141.69M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$51.25M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$12.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$21.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$42.30M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$55.34M	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-7.32M	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-2.40M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-6.36M	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-2.15M	USD	1 Quarter
Foreign exchange transaction gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-164.00K	USD	3 Qtrs
Foreign exchange transaction gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$387.00K	USD	1 Quarter
Foreign exchange transaction gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$455.00K	USD	3 Qtrs
Foreign exchange transaction gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$66.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-48.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-186.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-44.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-131.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$36.21M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$47.73M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.99M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.62M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$8.28M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.06M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$4.66M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$3.63M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$14.99M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$39.45M	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$31.56M	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$8.92M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$1.99M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$435.00K	USD	1 Quarter
Net income attributable to Novanta Inc.	`NetIncomeLoss`	$8.92M	USD	1 Quarter
Net income attributable to Novanta Inc.	`NetIncomeLoss`	$14.55M	USD	1 Quarter
Net income attributable to Novanta Inc.	`NetIncomeLoss`	$31.56M	USD	3 Qtrs
Net income attributable to Novanta Inc.	`NetIncomeLoss`	$37.47M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.12	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.90	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.11	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.89	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Weighted average common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.07M	shares	1 Quarter
Weighted average common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.92M	shares	3 Qtrs
Weighted average common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.01M	shares	3 Qtrs
Weighted average common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.90M	shares	1 Quarter
Weighted average common shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.47M	shares	3 Qtrs
Weighted average common shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.59M	shares	1 Quarter
Weighted average common shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.48M	shares	1 Quarter
Weighted average common shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.52M	shares	3 Qtrs

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$14.99M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$39.45M	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$31.56M	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$8.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$27.95M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$27.39M	USD	3 Qtrs
Provision for inventory excess and obsolescence	`InventoryWriteDown`	$1.97M	USD	3 Qtrs
Provision for inventory excess and obsolescence	`InventoryWriteDown`	$1.76M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$5.47M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$7.35M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.18M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.31M	USD	3 Qtrs
Inventory acquisition fair value adjustments	`BusinessCombinationAmortizationOfFairValueAdjustmentToInventory`	$708.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-510.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-1.37M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.15M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.75M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.74M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$9.04M	USD	3 Qtrs
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidIncomeTaxesIncomeTaxesReceivablePrepaidDeferredExpenseAndOtherAssets`	$5.54M	USD	3 Qtrs
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidIncomeTaxesIncomeTaxesReceivablePrepaidDeferredExpenseAndOtherAssets`	$-1.23M	USD	3 Qtrs
Accounts payable, income taxes payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$10.10M	USD	3 Qtrs
Accounts payable, income taxes payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-16.34M	USD	3 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$105.00K	USD	3 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-1.89M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$67.72M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.84M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired and working capital adjustments	`PaymentsToAcquireBusinessesNetOfCashAcquiredAndWorkingCapitalAdjustments`	$29.60M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired and working capital adjustments	`PaymentsToAcquireBusinessesNetOfCashAcquiredAndWorkingCapitalAdjustments`	$53.14M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.64M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.95M	USD	3 Qtrs
Acquisition of assets	`PaymentsToAcquireProductiveAssetsAndIntangibleAssets`	$1.23M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-42.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-213.00K	USD	3 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-61.05M	USD	3 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.26M	USD	3 Qtrs
Borrowings under revolving credit facility	`ProceedsFromIssuanceOfDebt`	$66.79M	USD	3 Qtrs
Borrowings under revolving credit facility	`ProceedsFromIssuanceOfDebt`	$55.25M	USD	3 Qtrs
Repayments of term loan and revolving credit facility	`RepaymentsOfDebt`	$29.06M	USD	3 Qtrs
Repayments of term loan and revolving credit facility	`RepaymentsOfDebt`	$40.77M	USD	3 Qtrs
Payments of withholding taxes from share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.84M	USD	3 Qtrs
Payments of withholding taxes from share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.48M	USD	3 Qtrs
Repurchases of common shares	`PaymentsForRepurchaseOfCommonStock`	$6.68M	USD	3 Qtrs
Repurchases of common shares	`PaymentsForRepurchaseOfCommonStock`	$3.77M	USD	3 Qtrs
Acquisition of noncontrolling interest	`PaymentsToMinorityShareholders`	$30.80M	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-122.00K	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-420.00K	USD	3 Qtrs
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.27M	USD	3 Qtrs
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.38M	USD	3 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.43M	USD	3 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$192.00K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.64M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.76M	USD	3 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$61.41M	USD	Point-in-time
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`	$111.81M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$61.41M	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`	$111.81M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$5.83M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$6.72M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$12.77M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$15.17M	USD	3 Qtrs
Income tax refunds received	`ProceedsFromIncomeTaxRefunds`	$2.25M	USD	3 Qtrs
Income tax refunds received	`ProceedsFromIncomeTaxRefunds`	$515.00K	USD	3 Qtrs

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$324.37M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$311.55M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$402.88M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$368.25M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$386.18M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$359.67M	USD	Point-in-time
Net income	`NetIncomeLoss`	$8.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.56M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$37.47M	USD	3 Qtrs
Redeemable noncontrolling interest redemption value adjustment	`MinorityInterestChangeInRedemptionValue`	$6.88M	USD	1 Quarter
Redeemable noncontrolling interest redemption value adjustment	`MinorityInterestChangeInRedemptionValue`	$1.78M	USD	3 Qtrs
Acquisition of noncontrolling interest	`AdjustmentToAdditionalPaidInCapitalStockIssuedAcquisitions`	$14.40M	USD	1 Quarter
Acquisition of noncontrolling interest	`AdjustmentToAdditionalPaidInCapitalStockIssuedAcquisitions`	$14.40M	USD	3 Qtrs
Common shares issued for business combination	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$10.90M	USD	1 Quarter
Common shares issued for business combination	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$10.90M	USD	3 Qtrs
Common shares issued under stock plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$425.00K	USD	1 Quarter
Common shares issued under stock plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$425.00K	USD	3 Qtrs
Common shares withheld for taxes on vested stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.48M	USD	3 Qtrs
Common shares withheld for taxes on vested stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$120.00K	USD	1 Quarter
Common shares withheld for taxes on vested stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$116.00K	USD	1 Quarter
Common shares withheld for taxes on vested stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.84M	USD	3 Qtrs
Repurchases of common shares	`StockRepurchasedDuringPeriodValue`	$6.68M	USD	3 Qtrs
Repurchases of common shares	`StockRepurchasedDuringPeriodValue`	$1.84M	USD	1 Quarter
Repurchases of common shares	`StockRepurchasedDuringPeriodValue`	$3.77M	USD	3 Qtrs
Repurchases of common shares	`StockRepurchasedDuringPeriodValue`	$3.35M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.24M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.47M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.35M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.70M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-1.50M	USD	3 Qtrs
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-267.00K	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-2.08M	USD	3 Qtrs
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-2.33M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$324.37M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$311.55M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$402.88M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$368.25M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$386.18M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$359.67M	USD	Point-in-time

Comprehensive Income 26 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$14.99M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$39.45M	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$31.56M	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$8.92M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.48M	USD	3 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-490.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.82M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.14M	USD	3 Qtrs
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-978.00K	USD	3 Qtrs
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-223.00K	USD	1 Quarter
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-490.00K	USD	1 Quarter
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.06M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-1.50M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-267.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.08M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.33M	USD	1 Quarter
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$6.59M	USD	1 Quarter
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$14.72M	USD	1 Quarter
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$29.47M	USD	3 Qtrs
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$37.95M	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$435.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.99M	USD	3 Qtrs
Comprehensive income attributable to Novanta Inc.	`ComprehensiveIncomeNetOfTax`	$14.29M	USD	1 Quarter
Comprehensive income attributable to Novanta Inc.	`ComprehensiveIncomeNetOfTax`	$6.59M	USD	1 Quarter
Comprehensive income attributable to Novanta Inc.	`ComprehensiveIncomeNetOfTax`	$35.96M	USD	3 Qtrs
Comprehensive income attributable to Novanta Inc.	`ComprehensiveIncomeNetOfTax`	$29.47M	USD	3 Qtrs

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