10-K Filing

NOVANTA INC CIK: 1076930 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001564590-20-006601`
Period End Date	20191231
Filing Date	20200226
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	novt-10k_20191231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 63 Cash Flow Statement 112 Stockholders Equity 28 Comprehensive Income 26

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$565.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$321.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$297.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$554.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.11M	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`	$100.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$78.94M	USD	Point-in-time
Common shares, Issued	`CommonStockSharesIssued`	34.89M	shares	Point-in-time
Common shares, Issued	`CommonStockSharesIssued`	35.05M	shares	Point-in-time
Accounts receivable, net of allowance of $297 and $321, respectively	`AccountsReceivableNetCurrent`	$83.95M	USD	Point-in-time
Accounts receivable, net of allowance of $297 and $321, respectively	`AccountsReceivableNetCurrent`	$91.08M	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	35.05M	shares	Point-in-time
Inventories	`InventoryNet`	$104.76M	USD	Point-in-time
Inventories	`InventoryNet`	$116.62M	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	34.89M	shares	Point-in-time
Prepaid income taxes and income taxes receivable	`PrepaidIncomeTaxesAndIncomeTaxesReceivableCurrent`	$5.91M	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`	$11.97M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$304.51M	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`	$77.56M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$35.18M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$8.89M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$9.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.71M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.27M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$142.92M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$166.18M	USD	Point-in-time
Goodwill	`Goodwill`	$274.71M	USD	Point-in-time
Goodwill	`Goodwill`	$217.66M	USD	Point-in-time
Total assets	`Assets`	$719.58M	USD	Point-in-time
Total assets	`Assets`	$869.74M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$4.54M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$5.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$52.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.73M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.86M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.63M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$5.04M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$70.33M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$46.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$134.85M	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`	$215.33M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$34.11M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesGrossNoncurrent`	$22.63M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesGrossNoncurrent`	$26.68M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$4.71M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$4.46M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$36.89M	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`	$452.56M	USD	Point-in-time
Commitments and Contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 35,052 and 34,886, respectively	`CommonStockValue`	$423.86M	USD	Point-in-time
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 35,052 and 34,886, respectively	`CommonStockValue`	$423.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$49.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$46.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-38.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-79.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.53M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.11M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$417.17M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$368.25M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$869.74M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$719.58M	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$626.10M	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$614.34M	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$521.29M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$300.76M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$364.01M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$352.81M	USD	Annual
Gross profit	`GrossProfit`	$261.53M	USD	Annual
Gross profit	`GrossProfit`	$220.53M	USD	Annual
Gross profit	`GrossProfit`	$262.08M	USD	Annual
Research and development and engineering	`ResearchAndDevelopmentExpense`	$41.67M	USD	Annual
Research and development and engineering	`ResearchAndDevelopmentExpense`	$51.02M	USD	Annual
Research and development and engineering	`ResearchAndDevelopmentExpense`	$55.97M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$115.90M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$118.41M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$101.65M	USD	Annual
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$12.10M	USD	Annual
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$15.55M	USD	Annual
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$15.86M	USD	Annual
Restructuring and acquisition related costs	`RestructuringChargesAndAcquisitionRelatedCosts`	$16.57M	USD	Annual
Restructuring and acquisition related costs	`RestructuringChargesAndAcquisitionRelatedCosts`	$8.04M	USD	Annual
Restructuring and acquisition related costs	`RestructuringChargesAndAcquisitionRelatedCosts`	$7.54M	USD	Annual
Total operating expenses	`OperatingExpenses`	$190.51M	USD	Annual
Total operating expenses	`OperatingExpenses`	$206.80M	USD	Annual
Total operating expenses	`OperatingExpenses`	$162.97M	USD	Annual
Operating income	`OperatingIncomeLoss`	$57.57M	USD	Annual
Operating income	`OperatingIncomeLoss`	$71.01M	USD	Annual
Operating income	`OperatingIncomeLoss`	$55.28M	USD	Annual
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-8.49M	USD	Annual
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-9.81M	USD	Annual
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-7.17M	USD	Annual
Foreign exchange transaction gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-780.00K	USD	Annual
Foreign exchange transaction gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$147.00K	USD	Annual
Foreign exchange transaction gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-447.00K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-243.00K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-229.00K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-44.00K	USD	Annual
Gain on acquisition of business	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	$26.41M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.77M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$61.30M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$76.13M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$10.21M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$4.99M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$13.83M	USD	Annual
Consolidated net income	`ProfitLoss`	$62.31M	USD	Annual
Consolidated net income	`ProfitLoss`	$40.77M	USD	Annual
Consolidated net income	`ProfitLoss`	$51.09M	USD	Annual
Less: Net income attributable to noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$2.26M	USD	Annual
Less: Net income attributable to noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$1.99M	USD	Annual
Net income attributable to Novanta Inc.	`NetIncomeLoss`	$60.05M	USD	Annual
Net income attributable to Novanta Inc.	`NetIncomeLoss`	$49.11M	USD	Annual
Net income attributable to Novanta Inc.	`NetIncomeLoss`	$40.77M	USD	Annual
Basic	`EarningsPerShareBasic`	$1.14	USD	Annual
Basic	`EarningsPerShareBasic`	$1.16	USD	Annual
Basic	`EarningsPerShareBasic`	$1.46	USD	Annual
Diluted	`EarningsPerShareDiluted`	$1.43	USD	Annual
Diluted	`EarningsPerShareDiluted`	$1.13	USD	Annual
Diluted	`EarningsPerShareDiluted`	$1.15	USD	Annual
Weighted average common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.03M	shares	Annual
Weighted average common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.91M	shares	Annual
Weighted average common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.82M	shares	Annual
Weighted average common shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.55M	shares	Annual
Weighted average common shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.47M	shares	Annual
Weighted average common shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.28M	shares	Annual

Cash Flow Statement 112 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$62.31M	USD	Annual
Consolidated net income	`ProfitLoss`	$40.77M	USD	Annual
Consolidated net income	`ProfitLoss`	$51.09M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$38.28M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$37.05M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$30.76M	USD	Annual
Provision for inventory excess and obsolescence	`InventoryWriteDown`	$3.19M	USD	Annual
Provision for inventory excess and obsolescence	`InventoryWriteDown`	$1.42M	USD	Annual
Provision for inventory excess and obsolescence	`InventoryWriteDown`	$1.90M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$7.71M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$9.34M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$5.49M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.08M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.56M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.33M	USD	Annual
Earnings from equity-method investment	`IncomeLossFromEquityMethodInvestments`	$104.00K	USD	Annual
Gain on acquisition of business	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	$26.41M	USD	Annual
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-756.00K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-36.00K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-106.00K	USD	Annual
Contingent consideration adjustments	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$425.00K	USD	Annual
Contingent consideration adjustments	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$100.00K	USD	Annual
Inventory acquisition fair value adjustment	`BusinessCombinationAmortizationOfFairValueAdjustmentToInventory`	$4.75M	USD	Annual
Inventory acquisition fair value adjustment	`BusinessCombinationAmortizationOfFairValueAdjustmentToInventory`	$1.27M	USD	Annual
Non-cash interest expense	`NonCashInterestExpense`	$825.00K	USD	Annual
Non-cash interest expense	`NonCashInterestExpense`	$1.05M	USD	Annual
Non-cash interest expense	`NonCashInterestExpense`	$955.00K	USD	Annual
Other non-cash items	`OtherNoncashIncomeExpense`	$-283.00K	USD	Annual
Other non-cash items	`OtherNoncashIncomeExpense`	$-259.00K	USD	Annual
Other non-cash items	`OtherNoncashIncomeExpense`	$165.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.08M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.16M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.60M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$13.59M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$15.60M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$7.40M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.17M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.35M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.53M	USD	Annual
Prepaid income taxes, income taxes receivable and income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.49M	USD	Annual
Prepaid income taxes, income taxes receivable and income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-4.97M	USD	Annual
Prepaid income taxes, income taxes receivable and income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-2.90M	USD	Annual
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$14.89M	USD	Annual
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$9.61M	USD	Annual
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-14.80M	USD	Annual
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-4.85M	USD	Annual
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$926.00K	USD	Annual
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$2.73M	USD	Annual
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$63.38M	USD	Annual
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$89.65M	USD	Annual
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$63.25M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.66M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.09M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.74M	USD	Annual
Acquisition of businesses, net of cash acquired and working capital adjustments	`PaymentsToAcquireBusinessesNetOfCashAcquiredAndWorkingCapitalAdjustments`	$29.60M	USD	Annual
Acquisition of businesses, net of cash acquired and working capital adjustments	`PaymentsToAcquireBusinessesNetOfCashAcquiredAndWorkingCapitalAdjustments`	$53.14M	USD	Annual
Acquisition of businesses, net of cash acquired and working capital adjustments	`PaymentsToAcquireBusinessesNetOfCashAcquiredAndWorkingCapitalAdjustments`	$168.33M	USD	Annual
Acquisition of assets	`PaymentsToAcquireIntangibleAssets`	$1.60M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$267.00K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$42.00K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$46.00K	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-177.38M	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.84M	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.59M	USD	Annual
Borrowings under revolving credit facilities	`ProceedsFromIssuanceOfDebt`	$66.79M	USD	Annual
Borrowings under revolving credit facilities	`ProceedsFromIssuanceOfDebt`	$55.25M	USD	Annual
Borrowings under revolving credit facilities	`ProceedsFromIssuanceOfDebt`	$176.77M	USD	Annual
Repayments under term loan and revolving credit facilities	`RepaymentsOfDebt`	$74.65M	USD	Annual
Repayments under term loan and revolving credit facilities	`RepaymentsOfDebt`	$50.69M	USD	Annual
Repayments under term loan and revolving credit facilities	`RepaymentsOfDebt`	$26.93M	USD	Annual
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.65M	USD	Annual
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$655.00K	USD	Annual
Payments of withholding taxes from share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.93M	USD	Annual
Payments of withholding taxes from share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.09M	USD	Annual
Payments of withholding taxes from share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.56M	USD	Annual
Payments of contingent considerations	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$2.55M	USD	Annual
Repurchases of common shares	`PaymentsForRepurchaseOfCommonStock`	$10.00M	USD	Annual
Repurchases of common shares	`PaymentsForRepurchaseOfCommonStock`	$370.00K	USD	Annual
Repurchases of common shares	`PaymentsForRepurchaseOfCommonStock`	$5.85M	USD	Annual
Acquisition of noncontrollling interest	`PaymentsToMinorityShareholders`	$30.80M	USD	Annual
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-443.00K	USD	Annual
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-563.00K	USD	Annual
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-853.00K	USD	Annual
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-60.16M	USD	Annual
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.94M	USD	Annual
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$143.33M	USD	Annual
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.91M	USD	Annual
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.62M	USD	Annual
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.43M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$31.95M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.01M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.10M	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$82.04M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$68.11M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$100.06M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$78.94M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$82.04M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$68.11M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$100.06M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$78.94M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$5.83M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$8.92M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$8.39M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$14.26M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$21.12M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$20.32M	USD	Annual
Income tax refunds received	`ProceedsFromIncomeTaxRefunds`	$337.00K	USD	Annual
Income tax refunds received	`ProceedsFromIncomeTaxRefunds`	$767.00K	USD	Annual
Income tax refunds received	`ProceedsFromIncomeTaxRefunds`	$3.01M	USD	Annual
Accrual for capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$1.19M	USD	Annual
Accrual for capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$638.00K	USD	Annual
Accrual for capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$1.60M	USD	Annual

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$417.17M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$311.55M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$258.87M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$368.25M	USD	Point-in-time
Net income	`NetIncomeLoss`	$60.05M	USD	Annual
Net income	`NetIncomeLoss`	$49.11M	USD	Annual
Net income	`NetIncomeLoss`	$40.77M	USD	Annual
Common shares issued for business combination	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$10.90M	USD	Annual
Redeemable noncontrolling interest redemption value adjustment	`MinorityInterestChangeInRedemptionValue`	$-20.24M	USD	Annual
Redeemable noncontrolling interest redemption value adjustment	`MinorityInterestChangeInRedemptionValue`	$1.78M	USD	Annual
Acquisition of noncontrolling interest	`StockIssuedDuringPeriodValueAcquisitions`	$14.40M	USD	Annual
Common shares issued under stock plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$425.00K	USD	Annual
Common shares withheld for taxes on vested stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.09M	USD	Annual
Common shares withheld for taxes on vested stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.56M	USD	Annual
Common shares withheld for taxes on vested stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.93M	USD	Annual
Repurchases of common shares	`StockRepurchasedDuringPeriodValue`	$370.00K	USD	Annual
Repurchases of common shares	`StockRepurchasedDuringPeriodValue`	$10.00M	USD	Annual
Repurchases of common shares	`StockRepurchasedDuringPeriodValue`	$5.85M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.49M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.71M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.34M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-4.65M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$4.41M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$9.84M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$417.17M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$311.55M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$258.87M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$368.25M	USD	Point-in-time

Comprehensive Income 26 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$62.31M	USD	Annual
Consolidated net income	`ProfitLoss`	$40.77M	USD	Annual
Foreign currency translation adjustments - Tax effect on component of comprehensive income	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$3.00K	USD	Annual
Foreign currency translation adjustments - Tax effect on component of comprehensive income	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-93.00K	USD	Annual
Foreign currency translation adjustments - Tax effect on component of comprehensive income	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-94.00K	USD	Annual
Consolidated net income	`ProfitLoss`	$51.09M	USD	Annual
Pension liability adjustments, tax effect on the component of comprehensive income	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-153.00K	USD	Annual
Pension liability adjustments, tax effect on the component of comprehensive income	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$267.00K	USD	Annual
Pension liability adjustments, tax effect on the component of comprehensive income	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$277.00K	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.17M	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$8.91M	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.27M	USD	Annual
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.15M	USD	Annual
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$475.00K	USD	Annual
Pension liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-926.00K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-4.65M	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.41M	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$9.84M	USD	Annual
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$45.19M	USD	Annual
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$46.45M	USD	Annual
Total consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$72.14M	USD	Annual
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.99M	USD	Annual
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.26M	USD	Annual
Comprehensive income attributable to Novanta Inc.	`ComprehensiveIncomeNetOfTax`	$44.46M	USD	Annual
Comprehensive income attributable to Novanta Inc.	`ComprehensiveIncomeNetOfTax`	$45.19M	USD	Annual
Comprehensive income attributable to Novanta Inc.	`ComprehensiveIncomeNetOfTax`	$69.89M	USD	Annual

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