2023 Q1 Form 10-K Financial Statement

#000095017023005365 Filed on March 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $219.1M $218.4M $860.9M
YoY Change 22.87% 21.8%
Cost Of Revenue $121.5M $123.8M $482.4M
YoY Change 22.09% 18.69%
Gross Profit $97.63M $94.54M $378.5M
YoY Change 23.91% 26.02%
Gross Profit Margin 44.55% 43.29% 43.96%
Selling, General & Admin $40.92M $38.71M $158.9M
YoY Change 23.69% 23.03%
% of Gross Profit 41.92% 40.94% 41.98%
Research & Development $22.83M $21.90M $85.77M
YoY Change 25.4% 18.27%
% of Gross Profit 23.38% 23.17% 22.66%
Depreciation & Amortization $11.73M $12.16M $53.16M
YoY Change 11.65% 22.5%
% of Gross Profit 12.02% 12.86% 14.05%
Operating Expenses $71.32M $65.97M $275.4M
YoY Change 24.69% 279.74%
Operating Profit $26.31M $28.58M $103.1M
YoY Change 87.09% 60.93%
Interest Expense -$6.332M -$7.928M -$15.62M
YoY Change 373.03% 111.4%
% of Operating Profit -24.07% -27.74% -15.15%
Other Income/Expense, Net -$166.0K $19.00K -$371.0K
YoY Change -126.76% 0.82%
Pretax Income $19.74M $18.94M $87.16M
YoY Change 39.97% 55.16%
Income Tax $1.472M $3.673M $13.11M
% Of Pretax Income 7.46% 19.4% 15.04%
Net Earnings $18.27M $15.26M $74.05M
YoY Change 12.2% 47.13%
Net Earnings / Revenue 8.34% 6.99% 8.6%
Basic Earnings Per Share $0.51 $2.08
Diluted Earnings Per Share $0.51 $0.42 $2.06
COMMON SHARES
Basic Shares Outstanding 35.74M 35.69M 35.65M
Diluted Shares Outstanding 36.00M 35.91M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.68M $100.1M $100.1M
YoY Change -2.24% -14.73%
Cash & Equivalents $82.68M $100.1M $100.1M
Short-Term Investments
Other Short-Term Assets $12.31M $13.21M $13.21M
YoY Change 8.62% 0.39%
Inventory $166.7M $168.0M $168.0M
Prepaid Expenses
Receivables $141.5M $137.7M $137.7M
Other Receivables $1.669M $1.508M $1.508M
Total Short-Term Assets $404.8M $420.5M $420.5M
YoY Change 12.49% 12.49%
LONG-TERM ASSETS
Property, Plant & Equipment $104.0M $103.2M $146.5M
YoY Change 18.01% 7.9%
Goodwill $482.5M $478.9M
YoY Change -0.13%
Intangibles $168.8M $175.8M
YoY Change -20.46%
Long-Term Investments
YoY Change
Other Assets $5.542M $4.414M $19.53M
YoY Change -20.98% 9.75%
Total Long-Term Assets $821.0M $820.7M $820.7M
YoY Change -3.91% -3.91%
TOTAL ASSETS
Total Short-Term Assets $404.8M $420.5M $420.5M
Total Long-Term Assets $821.0M $820.7M $820.7M
Total Assets $1.226B $1.241B $1.241B
YoY Change 1.09% 1.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $66.01M $75.23M $75.23M
YoY Change 9.8% 9.8%
Accrued Expenses $35.14M $48.55M $48.55M
YoY Change -44.91% -42.46%
Deferred Revenue $6.935M $8.128M
YoY Change 16.2%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.904M $4.800M $5.468M
YoY Change -5.83% -4.0%
Total Short-Term Liabilities $142.4M $164.5M $164.5M
YoY Change -10.56% -10.56%
LONG-TERM LIABILITIES
Long-Term Debt $418.5M $430.7M $435.3M
YoY Change 0.3% 0.15%
Other Long-Term Liabilities $5.839M $6.085M $46.60M
YoY Change -36.86% -14.1%
Total Long-Term Liabilities $424.4M $436.7M $481.9M
YoY Change -0.51% -1.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $142.4M $164.5M $164.5M
Total Long-Term Liabilities $424.4M $436.7M $481.9M
Total Liabilities $627.8M $663.6M $663.6M
YoY Change -6.08% -6.08%
SHAREHOLDERS EQUITY
Retained Earnings $148.8M $130.6M
YoY Change 130.99%
Common Stock $475.9M $479.0M
YoY Change 0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $598.0M $577.6M $577.6M
YoY Change
Total Liabilities & Shareholders Equity $1.226B $1.241B $1.241B
YoY Change 1.09% 1.09%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $18.27M $15.26M $74.05M
YoY Change 12.2% 47.13%
Depreciation, Depletion And Amortization $11.73M $12.16M $53.16M
YoY Change 11.65% 22.5%
Cash From Operating Activities $10.25M $40.61M $90.78M
YoY Change 192.21% -4.06%
INVESTING ACTIVITIES
Capital Expenditures $3.620M $4.258M $19.64M
YoY Change -169.62% -1.67%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$22.90M
YoY Change -100.0% -92.01%
Cash From Investing Activities -$3.620M -$4.258M -$42.54M
YoY Change -98.54% -86.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.07M -23.49M -60.15M
YoY Change -109.54% -129.38%
NET CHANGE
Cash From Operating Activities 10.25M 40.61M 90.78M
Cash From Investing Activities -3.620M -4.258M -42.54M
Cash From Financing Activities -25.07M -23.49M -60.15M
Net Change In Cash -17.43M 12.87M -17.29M
YoY Change -141.36% -91.85%
FREE CASH FLOW
Cash From Operating Activities $10.25M $40.61M $90.78M
Capital Expenditures $3.620M $4.258M $19.64M
Free Cash Flow $6.625M $36.35M $71.14M
YoY Change 81.64% -4.71%

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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Profit Loss
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022 novt Payments To Acquire Businesses Net Of Cash Acquired And Working Capital Adjustments
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CY2021 us-gaap Inventory Write Down
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2020 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2022 novt Business Combination Amortization Of Fair Value Adjustment To Inventory
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CY2021 novt Business Combination Amortization Of Fair Value Adjustment To Inventory
BusinessCombinationAmortizationOfFairValueAdjustmentToInventory
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CY2020 novt Business Combination Amortization Of Fair Value Adjustment To Inventory
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CY2022 novt Write Off Of Unamortized Deferred Financing Costs
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CY2022 novt Non Cash Interest Expense
NonCashInterestExpense
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CY2021 novt Non Cash Interest Expense
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CY2021 us-gaap Other Noncash Income Expense
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CY2020 us-gaap Other Noncash Income Expense
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Inventories
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2021 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2020 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2022 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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CY2020 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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CY2022 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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CY2021 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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3835000
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2021 novt Payments To Acquire Businesses Net Of Cash Acquired And Working Capital Adjustments
PaymentsToAcquireBusinessesNetOfCashAcquiredAndWorkingCapitalAdjustments
284728000
CY2022 novt Payment Of Contingent Consideration Related To Acquisition Of Technology Assets
PaymentOfContingentConsiderationRelatedToAcquisitionOfTechnologyAssets
1470000
CY2021 novt Payment Of Contingent Consideration Related To Acquisition Of Technology Assets
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CY2020 novt Payment Of Contingent Consideration Related To Acquisition Of Technology Assets
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CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Proceeds From Issuance Of Debt
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CY2020 us-gaap Repayments Of Debt
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CY2022 us-gaap Payments Of Debt Issuance Costs
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CY2021 us-gaap Payments Of Debt Issuance Costs
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CY2020 us-gaap Payments Of Debt Issuance Costs
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2020 novt Payment Of Deferred And Escrowed Purchase Price Related To Acquisition
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CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2021 novt Payments To Acquire Buildings Under Finance Lease
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CY2021 us-gaap Proceeds From Payments For Other Financing Activities
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022 us-gaap Interest Paid Net
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CY2020 us-gaap Proceeds From Income Tax Refunds
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CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2022 us-gaap Use Of Estimates
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<p style="margin-left:2.267%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Estimates and assumptions are reviewed on an on-going basis and the effects of revisions are reflected in the period in which such revisions are deemed to be necessary. The Company evaluates its estimates based on historical experience, current conditions, and various other assumptions that it believes are reasonable under the circumstances. Actual results could differ significantly from these estimates. </span>
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022 us-gaap Provision For Doubtful Accounts
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532000
CY2021 us-gaap Provision For Doubtful Accounts
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121000
CY2020 us-gaap Provision For Doubtful Accounts
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158000
CY2021 novt Allowance For Doubtful Accounts Receivable Credit Loss Resulting From Acquisitions
AllowanceForDoubtfulAccountsReceivableCreditLossResultingFromAcquisitions
216000
CY2022 novt Allowance For Doubtful Accounts Receivable Writeoffs And Net Of Recoveries
AllowanceForDoubtfulAccountsReceivableWriteoffsAndNetOfRecoveries
92000
CY2021 novt Allowance For Doubtful Accounts Receivable Writeoffs And Net Of Recoveries
AllowanceForDoubtfulAccountsReceivableWriteoffsAndNetOfRecoveries
45000
CY2020 novt Allowance For Doubtful Accounts Receivable Writeoffs And Net Of Recoveries
AllowanceForDoubtfulAccountsReceivableWriteoffsAndNetOfRecoveries
207000
CY2022 novt Allowance For Doubtful Accounts Translation Adjustment
AllowanceForDoubtfulAccountsTranslationAdjustment
1000
CY2021 novt Allowance For Doubtful Accounts Translation Adjustment
AllowanceForDoubtfulAccountsTranslationAdjustment
10000
CY2020 novt Allowance For Doubtful Accounts Translation Adjustment
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
556000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
274000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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449103000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
241141000
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
783011000
CY2020 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
682626000
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
52420000
CY2020 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
33376000
CY2021Q4 us-gaap Goodwill
Goodwill
479500000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
9863000
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-10466000
CY2022Q4 us-gaap Goodwill
Goodwill
478897000
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
630126000
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2022Q4 us-gaap Goodwill
Goodwill
478897000
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
630729000
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2021Q4 us-gaap Goodwill
Goodwill
479500000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
430073000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
267334000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
162739000
CY2022 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P13Y2M12D
CY2022Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2022Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
443100000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
267334000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
175766000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
207962000
CY2021 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P13Y3M18D
CY2021Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2021Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
462130000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
241141000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
220989000
CY2022 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
13270000
CY2021 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
13288000
CY2020 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
11123000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26338000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16577000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13970000
CY2022 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
39608000
CY2021 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
29865000
CY2020 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
25093000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
32387000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
26858000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
22740000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
19224000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
14106000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
47424000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
162739000
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2020 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
novt Number Of Contingent Consideration Annual Installments
NumberOfContingentConsiderationAnnualInstallments
3
CY2020Q1 novt Payment For Asset Acquisition Contingent Consideration Liability
PaymentForAssetAcquisitionContingentConsiderationLiability
2400000
CY2020Q1 novt Payment For Asset Acquisition Contingent Consideration Liability
PaymentForAssetAcquisitionContingentConsiderationLiability
2600000
CY2021Q1 novt Payment For Asset Acquisition Contingent Consideration Liability
PaymentForAssetAcquisitionContingentConsiderationLiability
1800000
CY2021Q1 novt Payment For Asset Acquisition Contingent Consideration Liability
PaymentForAssetAcquisitionContingentConsiderationLiability
2200000
CY2022Q1 novt Payment For Asset Acquisition Contingent Consideration Liability
PaymentForAssetAcquisitionContingentConsiderationLiability
1300000
CY2022Q1 novt Payment For Asset Acquisition Contingent Consideration Liability
PaymentForAssetAcquisitionContingentConsiderationLiability
1500000
CY2022 us-gaap Profit Loss
ProfitLoss
74051000
CY2021 us-gaap Profit Loss
ProfitLoss
50331000
CY2020 us-gaap Profit Loss
ProfitLoss
44521000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35652000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35396000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35144000
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
257000
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
385000
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
510000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35909000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35781000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35654000
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
91000
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.08
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.42
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.27
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.06
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.41
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.25
CY2020 us-gaap Depreciation
Depreciation
13200000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
118292000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
84038000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
23328000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
20600000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
25738000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
19486000
CY2022Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
639000
CY2021Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
1533000
CY2022Q4 us-gaap Inventory Net
InventoryNet
167997000
CY2021Q4 us-gaap Inventory Net
InventoryNet
125657000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
196238000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
177593000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
93052000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
90154000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
103186000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
87439000
CY2022 us-gaap Depreciation
Depreciation
13550000
CY2021 us-gaap Depreciation
Depreciation
13529000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
7693000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
35501000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
24725000
CY2022Q4 novt Accrued Earn Out And Contingent Considerations Current
AccruedEarnOutAndContingentConsiderationsCurrent
124000
CY2021Q4 novt Accrued Earn Out And Contingent Considerations Current
AccruedEarnOutAndContingentConsiderationsCurrent
47522000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
668000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
599000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8128000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6995000
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5127000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4783000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
13496000
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
13855000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
63044000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
98479000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4783000
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4919000
CY2019Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5756000
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3071000
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1410000
CY2020 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1838000
CY2021 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
874000
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2615000
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2326000
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2805000
CY2022 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-112000
CY2021 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-94000
CY2020 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
130000
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5127000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4783000
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4919000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
10387000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4652000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5309000
CY2022Q4 novt Accrued Contingent Considerations And Earn Outs Noncurrent
AccruedContingentConsiderationsAndEarnOutsNoncurrent
301000
CY2021Q4 novt Accrued Contingent Considerations And Earn Outs Noncurrent
AccruedContingentConsiderationsAndEarnOutsNoncurrent
3402000
CY2022Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1132000
CY2021Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
927000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
6085000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9638000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4800000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5097000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
430662000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
429361000
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
435462000
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
434458000
CY2022 us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
The Third Amended and Restated Credit Agreement also requires the Company to satisfy certain financial covenants, such as maintaining a minimum consolidated fixed charge coverage ratio of 1.50:1.00 and a maximum consolidated leverage ratio of 3.50:1.00. The maximum consolidated leverage ratio will increase to 4.00:1.00 for four consecutive quarters following an acquisition with an aggregate consideration greater than or equal to $50.0 million
CY2022 novt Consolidated Fixed Charge Coverage Ratio Minimum
ConsolidatedFixedChargeCoverageRatioMinimum
1.50
CY2022 novt Consolidated Leverage Ratio Maximum
ConsolidatedLeverageRatioMaximum
3.50
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0513
CY2021 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0028
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1200000
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1200000
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000.0
CY2022 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
Certain leases include terms such as one or more options to renew, with renewal terms that can extend the lease term from one to 10 years, and options to terminate the leases within one year.
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
8533000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
6760000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
599000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9310000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1321000
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
602000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
602000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
989000
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
308000
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
340000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
432000
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
1145000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
1074000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
1336000
CY2022 us-gaap Lease Cost
LeaseCost
12442000
CY2021 us-gaap Lease Cost
LeaseCost
10549000
CY2020 us-gaap Lease Cost
LeaseCost
10450000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
43317000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
48338000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7793000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7334000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
40808000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
45700000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
48601000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
53034000
CY2022Q4 novt Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
9582000
CY2021Q4 novt Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
9582000
CY2022Q4 novt Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
5670000
CY2021Q4 novt Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
5068000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3912000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4514000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
668000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
599000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4652000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5309000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
5320000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
5908000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y6M
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0464
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0472
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0554
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0554
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
308000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
340000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
432000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
7876000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4757000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22574000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4290000
CY2021 novt Payments To Acquire Buildings Under Finance Lease
PaymentsToAcquireBuildingsUnderFinanceLease
8700000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
7818000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9353000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
946000
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.018
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8731000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
954000
CY2022 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
32000
CY2021 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
31000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8335000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
954000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7168000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
979000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6325000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1003000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
20263000
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
1505000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
60175000
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
6341000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11574000
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1021000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
48601000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
5320000
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2021Q2 us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
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CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23108000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25606000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23119000
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
33500000
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y3M7D
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
5900000
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
4400000
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
4200000
CY2022 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
669000
CY2021 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
554000
CY2020 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
736000
CY2022 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1286000
CY2021 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1120000
CY2020 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1340000
CY2022 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-380000
CY2021 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-928000
CY2020 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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CY2020 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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-205000
CY2021 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
393000
CY2020 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
111000
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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0.012
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.019
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.032
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.025
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.036
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.048
CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.018
CY2022Q4 novt Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationInflationRate
0.027
CY2021Q4 novt Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationInflationRate
0.032
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
41398000
CY2020Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
47200000
CY2022 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
669000
CY2021 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
554000
CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
12135000
CY2021 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
3303000
CY2022 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1191000
CY2021 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
2679000
CY2021 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
36000
CY2022 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
-4144000
CY2021 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
-410000
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
24597000
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
41398000
CY2022Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
24597000
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
41398000
CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
44187000
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
45689000
CY2022 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
-12927000
CY2021 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
592000
CY2022 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
971000
CY2021 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1055000
CY2022 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1191000
CY2021 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
2679000
CY2022 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
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-4431000
CY2021 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
-470000
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
26609000
CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
44187000
CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
2012000
CY2021Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
2789000
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-7206000
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-10958000
CY2022 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
-2078000
CY2021 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
2775000
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
36000
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
412000
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
959000
CY2022 novt Defined Benefit Plan Accumulated Other Comprehensive Income Foreign Currency Exchange Rate Changes
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeForeignCurrencyExchangeRateChanges
796000
CY2021 novt Defined Benefit Plan Accumulated Other Comprehensive Income Foreign Currency Exchange Rate Changes
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeForeignCurrencyExchangeRateChanges
54000
CY2022Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-8076000
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-7206000
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
1068000
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
1405000
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
1291000
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
1498000
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
1644000
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
8890000
CY2022Q4 novt Defined Benefit Plan Expected Future Benefit Payments
DefinedBenefitPlanExpectedFutureBenefitPayments
15796000
CY2022 novt Funding Valuation Period
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P3Y
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
1000000.0
CY2022Q4 novt Defined Benefit Plan Expected Future Employer Contributions Increasing Percentage Next Fiscal Year Thereafter
DefinedBenefitPlanExpectedFutureEmployerContributionsIncreasingPercentageNextFiscalYearThereafter
0.029
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
26609000
CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
44187000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
87159000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
56172000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48403000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
31762000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9786000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7995000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3945000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13108000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5841000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3882000
CY2022Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
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3600000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4200000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9954000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9358000
CY2022Q4 novt Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
11117000
CY2021Q4 novt Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
12200000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
9010000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
6795000
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
9368000
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
6594000
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2624000
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2786000
CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
13623000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
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836000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
700000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
284000
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
403000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
56816000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
38836000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
14568000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12608000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
42248000
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
26228000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4049000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2585000
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
26746000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
32117000
CY2022Q4 novt Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
10477000
CY2021Q4 novt Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
11667000
CY2022Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
3057000
CY2021Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
1391000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
44329000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
47760000
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2081000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
21532000
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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2000000.0
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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900000
CY2020 novt Deferred Tax Assets Valuation Allowance Reversed
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CY2022Q4 us-gaap Operating Loss Carryforwards
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4400000
CY2022Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
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5600000
CY2021Q4 us-gaap Operating Loss Carryforwards
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3500000
CY2021Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
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5900000
CY2022Q4 us-gaap Tax Credit Carryforward Amount
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3000000.0
CY2022Q4 us-gaap Tax Credit Carryforward Valuation Allowance
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2500000
CY2021Q4 us-gaap Tax Credit Carryforward Amount
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3800000
CY2022Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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330800000
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3700000
CY2019Q4 us-gaap Unrecognized Tax Benefits
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4929000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
476000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
356000
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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5000
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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498000
CY2020Q4 us-gaap Unrecognized Tax Benefits
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5258000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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1162000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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9000
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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41000
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1591000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4797000
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
553000
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
34000
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
563000
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
572000
CY2022Q4 us-gaap Unrecognized Tax Benefits
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4249000
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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700000
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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600000
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
100000
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-100000
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
200000
CY2022 us-gaap Restructuring Costs
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4408000
CY2021 us-gaap Restructuring Costs
RestructuringCosts
8341000
CY2020 us-gaap Restructuring Costs
RestructuringCosts
4477000
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-24000
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
9679000
CY2020 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-667000
CY2022 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
4384000
CY2021 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
18020000
CY2020 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
3810000
CY2020Q4 us-gaap Restructuring Reserve
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1800000
CY2021 us-gaap Restructuring Charges
RestructuringCharges
8341000
CY2021 us-gaap Payments For Restructuring
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3727000
CY2021 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-3728000
CY2021Q4 us-gaap Restructuring Reserve
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2686000
CY2022 us-gaap Restructuring Charges
RestructuringCharges
4408000
CY2022 us-gaap Payments For Restructuring
PaymentsForRestructuring
3486000
CY2022 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-1198000
CY2022Q4 us-gaap Restructuring Reserve
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2410000
CY2022 us-gaap Legal Fees
LegalFees
0
CY2021 us-gaap Legal Fees
LegalFees
1900000
CY2020 us-gaap Legal Fees
LegalFees
1700000
CY2021Q4 us-gaap Goodwill
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479500000
CY2022Q4 us-gaap Purchase Obligation
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145000000.0
CY2022Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
142700000
CY2022Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
2300000
CY2022 novt Number Of Customers Accounted For More Than Ten Percent Of Accounts Receivable
NumberOfCustomersAccountedForMoreThanTenPercentOfAccountsReceivable
0
CY2021 novt Number Of Customers Accounted For More Than Ten Percent Of Accounts Receivable
NumberOfCustomersAccountedForMoreThanTenPercentOfAccountsReceivable
0
CY2022 us-gaap Number Of Reportable Segments
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3
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
860903000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
706793000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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590623000
CY2022 us-gaap Gross Profit
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378472000
CY2021 us-gaap Gross Profit
GrossProfit
300328000
CY2020 us-gaap Gross Profit
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244517000
CY2022 us-gaap Operating Income Loss
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103079000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
64054000
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
55888000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
53158000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
43394000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38293000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
137697000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
115617000
CY2022Q4 us-gaap Inventory Net
InventoryNet
167997000
CY2021Q4 us-gaap Inventory Net
InventoryNet
125657000
CY2022Q4 novt Segment Assets
SegmentAssets
305694000
CY2021Q4 novt Segment Assets
SegmentAssets
241274000
CY2022Q4 novt Segment Assets
SegmentAssets
305694000
CY2021Q4 novt Segment Assets
SegmentAssets
241274000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100105000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117393000
CY2022Q4 novt Prepaid Income Taxes And Income Taxes Receivable Current
PrepaidIncomeTaxesAndIncomeTaxesReceivableCurrent
1508000
CY2021Q4 novt Prepaid Income Taxes And Income Taxes Receivable Current
PrepaidIncomeTaxesAndIncomeTaxesReceivableCurrent
1997000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
13212000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
13161000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
103186000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
87439000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
43317000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
48338000
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
15113000
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
12206000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4414000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5586000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
175766000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
220989000
CY2022Q4 us-gaap Goodwill
Goodwill
478897000
CY2022Q4 us-gaap Assets
Assets
1241212000
CY2021Q4 us-gaap Assets
Assets
1227883000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
860903000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
706793000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
590623000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
103186000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
87439000
CY2022 novt Number Of Primary End Market Segments
NumberOfPrimaryEndMarketSegments
2
CY2022 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2021 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2020 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2021 novt Number Of Customers Exceeded Ten Percentage Of Revenue
NumberOfCustomersExceededTenPercentageOfRevenue
0
CY2022 novt Number Of Customers Exceeded Ten Percentage Of Revenue
NumberOfCustomersExceededTenPercentageOfRevenue
0

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