$NOVT
NOVANTA INC

2024 Q3 Form 10-Q Financial Statement

#000095017024091261 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $244.4M $235.9M
YoY Change 10.34% 2.79%
Cost Of Revenue $135.2M $132.2M
YoY Change 12.74% 5.45%
Gross Profit $109.2M $103.7M
YoY Change 7.5% -0.42%
Gross Profit Margin 44.69% 43.96%
Selling, General & Admin $44.32M $44.79M
YoY Change 11.78% 6.18%
% of Gross Profit 40.58% 43.2%
Research & Development $23.25M $23.73M
YoY Change 5.59% 1.5%
% of Gross Profit 21.29% 22.89%
Depreciation & Amortization $14.16M $14.12M
YoY Change 24.2% 18.25%
% of Gross Profit 12.96% 13.61%
Operating Expenses $76.66M $77.97M
YoY Change 7.54% 10.3%
Operating Profit $32.56M $25.72M
YoY Change 7.41% -23.08%
Interest Expense -$8.079M -$8.266M
YoY Change 19.58% 22.71%
% of Operating Profit -24.82% -32.14%
Other Income/Expense, Net -$49.00K -$55.00K
YoY Change -74.07% -71.2%
Pretax Income $24.23M $17.13M
YoY Change 5.35% -32.21%
Income Tax $5.033M $3.375M
% Of Pretax Income 20.78% 19.7%
Net Earnings $19.19M $13.76M
YoY Change -9.57% -34.12%
Net Earnings / Revenue 7.85% 5.83%
Basic Earnings Per Share $0.53 $0.38
Diluted Earnings Per Share $0.53 $0.38
COMMON SHARES
Basic Shares Outstanding 35.90M 35.89M
Diluted Shares Outstanding 36.13M 36.09M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.69M $98.47M
YoY Change 21.96% 7.82%
Cash & Equivalents $92.69M $98.47M
Short-Term Investments
Other Short-Term Assets $12.88M $11.90M
YoY Change -2.45% -1.91%
Inventory $154.0M $160.0M
Prepaid Expenses
Receivables $164.5M $145.0M
Other Receivables $12.84M $9.360M
Total Short-Term Assets $436.9M $424.8M
YoY Change 11.66% 2.52%
LONG-TERM ASSETS
Property, Plant & Equipment $119.6M $114.8M
YoY Change 15.75% -21.98%
Goodwill $594.1M $587.0M
YoY Change 24.38% 21.44%
Intangibles $198.4M $206.9M
YoY Change 31.3% 28.57%
Long-Term Investments
YoY Change
Other Assets $5.927M $5.684M
YoY Change 4.85% -78.9%
Total Long-Term Assets $981.9M $973.8M
YoY Change 22.28% 18.99%
TOTAL ASSETS
Total Short-Term Assets $436.9M $424.8M
Total Long-Term Assets $981.9M $973.8M
Total Assets $1.419B $1.399B
YoY Change 18.8% 13.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.72M $71.04M
YoY Change 7.4% 9.89%
Accrued Expenses $42.47M $40.23M
YoY Change 5.39% 4.41%
Deferred Revenue $8.342M $7.144M
YoY Change 26.86% 12.1%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.016M $4.813M
YoY Change 5.91% -14.16%
Total Short-Term Liabilities $156.6M $153.5M
YoY Change 13.16% 12.86%
LONG-TERM LIABILITIES
Long-Term Debt $452.5M $477.1M
YoY Change 30.07% 16.97%
Other Long-Term Liabilities $5.190M $5.459M
YoY Change -0.29% -88.3%
Total Long-Term Liabilities $457.7M $482.6M
YoY Change 29.63% 6.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $156.6M $153.5M
Total Long-Term Liabilities $457.7M $482.6M
Total Liabilities $676.6M $696.6M
YoY Change 23.15% 14.82%
SHAREHOLDERS EQUITY
Retained Earnings $251.1M $231.9M
YoY Change 31.49% 36.63%
Common Stock $503.8M $497.5M
YoY Change 3.4% 3.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $742.2M $702.0M
YoY Change
Total Liabilities & Shareholders Equity $1.419B $1.399B
YoY Change 18.8% 13.45%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $19.19M $13.76M
YoY Change -9.57% -34.12%
Depreciation, Depletion And Amortization $14.16M $14.12M
YoY Change 24.2% 18.25%
Cash From Operating Activities $23.03M $41.10M
YoY Change -48.49% 56.87%
INVESTING ACTIVITIES
Capital Expenditures $3.561M $4.937M
YoY Change -47.63% 48.44%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$3.561M -$4.937M
YoY Change -47.63% 48.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -28.88M -32.02M
YoY Change -44.46% 103.28%
NET CHANGE
Cash From Operating Activities 23.03M 41.10M
Cash From Investing Activities -3.561M -4.937M
Cash From Financing Activities -28.88M -32.02M
Net Change In Cash -9.416M 4.135M
YoY Change -33.22% -41.91%
FREE CASH FLOW
Cash From Operating Activities $23.03M $41.10M
Capital Expenditures $3.561M $4.937M
Free Cash Flow $19.46M $36.16M
YoY Change -48.64% 58.1%

Facts In Submission

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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Profit Loss
ProfitLoss
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Inventory Write Down
InventoryWriteDown
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us-gaap Share Based Compensation
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Increase Decrease In Inventories
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novt Increase Decrease In Prepaid Income Taxes Income Taxes Receivable Prepaid Expenses And Other Current Assets
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novt Increase Decrease In Prepaid Income Taxes Income Taxes Receivable Prepaid Expenses And Other Current Assets
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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novt Payment For Business Acquisitions Net Of Working Capital Adjustments
PaymentForBusinessAcquisitionsNetOfWorkingCapitalAdjustments
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PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Repayments Of Debt
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Net Income Loss
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
10008000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
27045000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
23668000
us-gaap Inventory Write Down
InventoryWriteDown
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us-gaap Inventory Write Down
InventoryWriteDown
3678000
us-gaap Share Based Compensation
ShareBasedCompensation
12308000
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7665000
novt Business Combination Amortization Of Fair Value Adjustment To Inventory
BusinessCombinationAmortizationOfFairValueAdjustmentToInventory
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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novt Increase Decrease In Prepaid Income Taxes Income Taxes Receivable Prepaid Expenses And Other Current Assets
IncreaseDecreaseInPrepaidIncomeTaxesIncomeTaxesReceivablePrepaidExpensesAndOtherCurrentAssets
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novt Increase Decrease In Prepaid Income Taxes Income Taxes Receivable Prepaid Expenses And Other Current Assets
IncreaseDecreaseInPrepaidIncomeTaxesIncomeTaxesReceivablePrepaidExpensesAndOtherCurrentAssets
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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novt Payment For Business Acquisitions Net Of Working Capital Adjustments
PaymentForBusinessAcquisitionsNetOfWorkingCapitalAdjustments
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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us-gaap Repayments Of Debt
RepaymentsOfDebt
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us-gaap Repayments Of Debt
RepaymentsOfDebt
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
605000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
605000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2548000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6583000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
12709000
us-gaap Income Taxes Paid
IncomeTaxesPaid
8035000
us-gaap Income Taxes Paid
IncomeTaxesPaid
21316000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
739000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
255000
us-gaap Use Of Estimates
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<p style="margin-left:2.507%;text-indent:-2.123%;padding-left:2.027%;font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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></p>
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6583000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
105051000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
100105000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
98468000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
91330000
us-gaap Interest Paid Net
InterestPaidNet
16491000
us-gaap Interest Paid Net
InterestPaidNet
12709000
us-gaap Income Taxes Paid
IncomeTaxesPaid
8035000
us-gaap Income Taxes Paid
IncomeTaxesPaid
21316000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
739000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
255000
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:2.507%;text-indent:-2.123%;padding-left:2.027%;font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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></p>
us-gaap Revenue Practical Expedient Incremental Cost Of Obtaining Contract
RevenuePracticalExpedientIncrementalCostOfObtainingContract
true
us-gaap Revenue Practical Expedient Financing Component
RevenuePracticalExpedientFinancingComponent
true
us-gaap Revenue Practical Expedient Incremental Cost Of Obtaining Contract
RevenuePracticalExpedientIncrementalCostOfObtainingContract
true
us-gaap Revenue Practical Expedient Financing Component
RevenuePracticalExpedientFinancingComponent
true
us-gaap Revenue Practical Expedient Remaining Performance Obligation
RevenuePracticalExpedientRemainingPerformanceObligation
true
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
7000000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5800000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3600000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
13755000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
20879000
us-gaap Profit Loss
ProfitLoss
28431000
us-gaap Profit Loss
ProfitLoss
39144000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35946000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35851000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35930000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35830000
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
146000
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
181000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
180000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
185000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36092000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36032000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36015000
us-gaap Revenue Practical Expedient Remaining Performance Obligation
RevenuePracticalExpedientRemainingPerformanceObligation
true
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
7000000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5800000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3600000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
13755000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
20879000
us-gaap Profit Loss
ProfitLoss
28431000
us-gaap Profit Loss
ProfitLoss
39144000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35946000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35851000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35930000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35830000
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
146000
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
181000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
180000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
185000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36092000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36032000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36110000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36015000
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
166000
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
141000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
119000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
127000
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
166000
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
141000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
119000
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.09
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
CY2024Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2023Q1 us-gaap Goodwill
Goodwill
484507000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-3909000
CY2024Q2 us-gaap Goodwill
Goodwill
587028000
CY2024Q2 us-gaap Goodwill Gross
GoodwillGross
738257000
CY2024Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2024Q2 us-gaap Goodwill
Goodwill
587028000
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
635736000
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2023Q4 us-gaap Goodwill
Goodwill
484507000
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
515610000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
321699000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.09
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.09
CY2024Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2023Q1 us-gaap Goodwill
Goodwill
484507000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-3909000
CY2024Q2 us-gaap Goodwill
Goodwill
587028000
CY2024Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2024Q2 us-gaap Goodwill
Goodwill
587028000
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
635736000
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2023Q4 us-gaap Goodwill
Goodwill
484507000
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
515610000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
321699000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
193911000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
193911000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
435903000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
303908000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
131995000
CY2024Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2024Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2023Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2023Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2024Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
528637000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
321699000
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
206938000
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
448930000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
303908000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
145022000
CY2024Q2 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
3685000
CY2023Q2 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
3046000
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
7377000
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
6068000
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6907000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5124000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12657000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10213000
CY2024Q2 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
10592000
CY2023Q2 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
8170000
novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
20034000
novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
16281000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
19991000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
435903000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
303908000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
131995000
CY2024Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2024Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2023Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2023Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2024Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
528637000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
321699000
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
206938000
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
448930000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
303908000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
145022000
CY2024Q2 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
3685000
CY2023Q2 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
3046000
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
7377000
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
6068000
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6907000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5124000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12657000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10213000
CY2024Q2 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
10592000
CY2023Q2 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
8170000
novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
20034000
novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
16281000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
19991000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
33499000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
36658000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
33499000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
26534000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
21714000
CY2024Q2 novt Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
55515000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
193911000
CY2024Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
104147000
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
104643000
CY2024Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
26148000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
21010000
CY2024Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
29354000
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
23311000
CY2024Q2 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
393000
CY2023Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
407000
CY2024Q2 us-gaap Inventory Net
InventoryNet
160042000
CY2023Q4 us-gaap Inventory Net
InventoryNet
149371000
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
25431000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
32703000
CY2024Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5039000
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5292000
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7144000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5553000
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
738000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
718000
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
16278000
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
16790000
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
54630000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
61056000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
26534000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
21714000
CY2024Q2 novt Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
55515000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
193911000
CY2024Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
104147000
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
104643000
CY2024Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
26148000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
21010000
CY2024Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
29354000
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
23311000
CY2024Q2 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
393000
CY2023Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
407000
CY2024Q2 us-gaap Inventory Net
InventoryNet
160042000
CY2023Q4 us-gaap Inventory Net
InventoryNet
149371000
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
25431000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
32703000
CY2024Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5039000
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5292000
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7144000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5553000
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
738000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
718000
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
16278000
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
16790000
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
54630000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
61056000
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5292000
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5127000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
595000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1075000
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
76000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
913000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1001000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-11000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
51000
CY2024Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5039000
CY2023Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5252000
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3559000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3934000
CY2024Q2 novt Accrued Contingent Considerations And Earn Outs Noncurrent
AccruedContingentConsiderationsAndEarnOutsNoncurrent
301000
CY2023Q4 novt Accrued Contingent Considerations And Earn Outs Noncurrent
AccruedContingentConsiderationsAndEarnOutsNoncurrent
311000
CY2024Q2 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1599000
CY2023Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1687000
CY2024Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5459000
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5932000
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5292000
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5127000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
595000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1075000
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
76000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
913000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1001000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-11000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
51000
CY2024Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5039000
CY2023Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5252000
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3559000
CY2024Q2 novt Accrued Contingent Considerations And Earn Outs Noncurrent
AccruedContingentConsiderationsAndEarnOutsNoncurrent
301000
CY2023Q4 novt Accrued Contingent Considerations And Earn Outs Noncurrent
AccruedContingentConsiderationsAndEarnOutsNoncurrent
311000
CY2024Q2 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1599000
CY2023Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1687000
CY2024Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5459000
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5932000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4968000
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
4813000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4968000
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
477113000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
349404000
CY2024Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
481926000
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
354372000
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
Certain leases include one or more options to renew the lease terms from one to ten years and options to terminate the leases within one year.
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2834000
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2639000
us-gaap Operating Lease Cost
OperatingLeaseCost
5801000
us-gaap Operating Lease Cost
OperatingLeaseCost
5277000
CY2024Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
150000
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
151000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
301000
CY2024Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
60000
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
69000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
122000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
140000
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
342000
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
325000
us-gaap Variable Lease Cost
VariableLeaseCost
593000
us-gaap Variable Lease Cost
VariableLeaseCost
561000
CY2024Q2 us-gaap Lease Cost
LeaseCost
3386000
CY2023Q2 us-gaap Lease Cost
LeaseCost
3184000
us-gaap Lease Cost
LeaseCost
6817000
us-gaap Lease Cost
LeaseCost
6279000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
43641000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
38302000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9757000
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
41279000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
37345000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
45534000
CY2024Q2 novt Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
9582000
CY2023Q4 novt Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
9582000
CY2024Q2 novt Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
6573000
CY2023Q4 novt Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
6272000
CY2024Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3009000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3310000
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
738000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
718000
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3559000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3934000
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
4297000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
4652000
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
477113000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
349404000
CY2024Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
481926000
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
354372000
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
Certain leases include one or more options to renew the lease terms from one to ten years and options to terminate the leases within one year.
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2834000
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2639000
us-gaap Operating Lease Cost
OperatingLeaseCost
5801000
us-gaap Operating Lease Cost
OperatingLeaseCost
5277000
CY2024Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
150000
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
151000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
301000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
301000
CY2024Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
60000
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
69000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
122000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
140000
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
342000
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
325000
us-gaap Variable Lease Cost
VariableLeaseCost
593000
us-gaap Variable Lease Cost
VariableLeaseCost
561000
CY2024Q2 us-gaap Lease Cost
LeaseCost
3386000
CY2023Q2 us-gaap Lease Cost
LeaseCost
3184000
us-gaap Lease Cost
LeaseCost
6817000
us-gaap Lease Cost
LeaseCost
6279000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
43641000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
38302000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9757000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8189000
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
41279000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
37345000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
51036000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
45534000
CY2024Q2 novt Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
9582000
CY2023Q4 novt Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
9582000
CY2024Q2 novt Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
6573000
CY2023Q4 novt Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
6272000
CY2024Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3009000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3310000
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
738000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
718000
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3559000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3934000
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
4297000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
4652000
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y4M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M6D
CY2024Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0473
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0484
CY2024Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0554
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0554
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
140000
us-gaap Operating Lease Payments
OperatingLeasePayments
4314000
us-gaap Operating Lease Payments
OperatingLeasePayments
3966000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
355000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
313000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5822000
CY2024Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
477000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11448000
CY2024Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
954000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9571000
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
979000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8199000
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1003000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5538000
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1003000
CY2024Q2 novt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
21344000
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y4M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M6D
CY2024Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0473
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0484
CY2024Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0554
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0554
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
122000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
140000
us-gaap Operating Lease Payments
OperatingLeasePayments
4314000
us-gaap Operating Lease Payments
OperatingLeasePayments
3966000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
355000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
313000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9623000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3186000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5822000
CY2024Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
477000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11448000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9571000
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
979000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8199000
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1003000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5538000
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1003000
CY2024Q2 novt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
21344000
CY2024Q2 novt Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
501000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
61922000
CY2024Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
4917000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10886000
CY2024Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
620000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
51036000
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
4297000
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
7000000.0
CY2021Q2 us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
one vote per share
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6231000
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5875000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12308000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12341000
CY2024Q2 novt Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
501000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
61922000
CY2024Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
4917000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10886000
CY2024Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
620000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
51036000
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
4297000
CY2021Q2 us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
one vote per share
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6231000
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5875000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12308000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12341000
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.197
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.165
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.035
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.13
CY2024Q2 us-gaap Restructuring Costs
RestructuringCosts
2523000
CY2023Q2 us-gaap Restructuring Costs
RestructuringCosts
1136000
us-gaap Restructuring Costs
RestructuringCosts
3071000
us-gaap Restructuring Costs
RestructuringCosts
3607000
CY2024Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
20000
CY2023Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
98000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1755000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
103000
CY2024Q2 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
2543000
CY2023Q2 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
1234000
novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
4826000
novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
3710000
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.197
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.165
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.035
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.174
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.13
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.04
CY2024Q2 us-gaap Restructuring Costs
RestructuringCosts
2523000
CY2023Q2 us-gaap Restructuring Costs
RestructuringCosts
1136000
us-gaap Restructuring Costs
RestructuringCosts
3071000
us-gaap Restructuring Costs
RestructuringCosts
3607000
CY2024Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
20000
CY2023Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
98000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1755000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
103000
CY2024Q2 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
2543000
novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
4826000
novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
3710000
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
2850000
us-gaap Restructuring Charges
RestructuringCharges
3071000
us-gaap Payments For Restructuring
PaymentsForRestructuring
2447000
us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-40000
CY2024Q2 us-gaap Restructuring Reserve
RestructuringReserve
3434000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
235864000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
229464000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
466780000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
448590000
CY2024Q2 us-gaap Gross Profit
GrossProfit
103689000
CY2023Q2 us-gaap Gross Profit
GrossProfit
104123000
us-gaap Gross Profit
GrossProfit
204105000
us-gaap Gross Profit
GrossProfit
201751000
CY2024Q2 novt Gross Margin Percentage
GrossMarginPercentage
0.44
CY2023Q2 novt Gross Margin Percentage
GrossMarginPercentage
0.454
novt Gross Margin Percentage
GrossMarginPercentage
0.437
novt Gross Margin Percentage
GrossMarginPercentage
0.45
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
25715000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
32198000
us-gaap Operating Income Loss
OperatingIncomeLoss
51322000
us-gaap Operating Income Loss
OperatingIncomeLoss
58510000
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14116000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11937000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27045000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23668000
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
235864000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
229464000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
466780000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
448590000
novt Number Of Primary End Market Segments
NumberOfPrimaryEndMarketSegments
2
CY2024Q2 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
2850000
us-gaap Restructuring Charges
RestructuringCharges
3071000
us-gaap Payments For Restructuring
PaymentsForRestructuring
2447000
us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-40000
CY2024Q2 us-gaap Restructuring Reserve
RestructuringReserve
3434000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
235864000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
229464000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
448590000
CY2024Q2 us-gaap Gross Profit
GrossProfit
103689000
CY2023Q2 us-gaap Gross Profit
GrossProfit
104123000
us-gaap Gross Profit
GrossProfit
204105000
us-gaap Gross Profit
GrossProfit
201751000
CY2024Q2 novt Gross Margin Percentage
GrossMarginPercentage
0.44
CY2023Q2 novt Gross Margin Percentage
GrossMarginPercentage
0.454
novt Gross Margin Percentage
GrossMarginPercentage
0.437
novt Gross Margin Percentage
GrossMarginPercentage
0.45
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
25715000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
32198000
us-gaap Operating Income Loss
OperatingIncomeLoss
51322000
us-gaap Operating Income Loss
OperatingIncomeLoss
58510000
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14116000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11937000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27045000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23668000
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
235864000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
229464000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
466780000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
448590000
novt Number Of Primary End Market Segments
NumberOfPrimaryEndMarketSegments
2
CY2024Q2 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2023Q2 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 novt Rule10 B51 Arr Modified Flag
Rule10B51ArrModifiedFlag
false
CY2024Q2 novt Non Rule10 B51 Arr Modified Flag
NonRule10B51ArrModifiedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 novt Rule10 B51 Arr Modified Flag
Rule10B51ArrModifiedFlag
false
CY2024Q2 novt Non Rule10 B51 Arr Modified Flag
NonRule10B51ArrModifiedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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