$NOVT
NOVANTA INC

2017 Q1 Form 10-Q Financial Statement

#000156459018011529 Filed on May 08, 2018

View on sec.gov

Income Statement

Concept 2017 Q1
Revenue $109.0M
YoY Change
Cost Of Revenue $62.90M
YoY Change
Gross Profit $46.09M
YoY Change
Gross Profit Margin 42.29%
Selling, General & Admin $22.87M
YoY Change
% of Gross Profit 49.62%
Research & Development $9.215M
YoY Change
% of Gross Profit 19.99%
Depreciation & Amortization $6.482M
YoY Change
% of Gross Profit 14.06%
Operating Expenses $35.76M
YoY Change
Operating Profit $10.34M
YoY Change
Interest Expense -$1.328M
YoY Change
% of Operating Profit -12.84%
Other Income/Expense, Net -$31.00K
YoY Change
Pretax Income $35.39M
YoY Change
Income Tax $1.114M
% Of Pretax Income 3.15%
Net Earnings $34.25M
YoY Change
Net Earnings / Revenue 31.42%
Basic Earnings Per Share $0.99
Diluted Earnings Per Share $0.98
COMMON SHARES
Basic Shares Outstanding 34.77M
Diluted Shares Outstanding 35.13M

Balance Sheet

Concept 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $80.00M
YoY Change
Cash & Equivalents $80.01M
Short-Term Investments
Other Short-Term Assets $6.100M
YoY Change
Inventory $71.00M
Prepaid Expenses
Receivables $70.10M
Other Receivables $2.700M
Total Short-Term Assets $230.0M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $36.80M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.80M
YoY Change
Total Long-Term Assets $305.3M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $230.0M
Total Long-Term Assets $305.3M
Total Assets $535.3M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.20M
YoY Change
Accrued Expenses $20.40M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $7.400M
YoY Change
Total Short-Term Liabilities $77.90M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $118.9M
YoY Change
Other Long-Term Liabilities $13.90M
YoY Change
Total Long-Term Liabilities $132.8M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $77.90M
Total Long-Term Liabilities $132.8M
Total Liabilities $241.1M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $294.2M
YoY Change
Total Liabilities & Shareholders Equity $535.3M
YoY Change

Cashflow Statement

Concept 2017 Q1
OPERATING ACTIVITIES
Net Income $34.25M
YoY Change
Depreciation, Depletion And Amortization $6.482M
YoY Change
Cash From Operating Activities $12.76M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $1.760M
YoY Change
Acquisitions $34.90M
YoY Change
Other Investing Activities -$34.90M
YoY Change
Cash From Investing Activities -$36.66M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $370.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 35.47M
YoY Change
NET CHANGE
Cash From Operating Activities 12.76M
Cash From Investing Activities -36.66M
Cash From Financing Activities 35.47M
Net Change In Cash 11.58M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $12.76M
Capital Expenditures $1.760M
Free Cash Flow $11.00M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.99
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34765000
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35125000
CY2017Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9215000
CY2017Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-205000
CY2017Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
22000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15466000
CY2017Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
35897000
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
22874000
CY2017Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2849000
CY2017Q1 novt Restructuring Charges Acquisition And Divestiture Related Costs Benefits
RestructuringChargesAcquisitionAndDivestitureRelatedCostsBenefits
817000
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
35755000
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
10339000
CY2018Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-2358000
CY2017Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1328000
CY2017Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1000
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-31000
CY2017Q1 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
26409000
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
35388000
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1114000
CY2018Q1 us-gaap Profit Loss
ProfitLoss
12837000
CY2018Q1 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
926000
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34887000
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35428000
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3671000
CY2017Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1440000
CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
116000
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3555000
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1645000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
16392000
CY2017Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
35919000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
926000
CY2018Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
9067000
CY2017Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6482000
CY2018Q1 us-gaap Inventory Write Down
InventoryWriteDown
810000
CY2017Q1 us-gaap Inventory Write Down
InventoryWriteDown
549000
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2044000
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1469000
CY2018Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
235000
CY2017Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1607000
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20409000
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2933000
CY2017Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
104000
CY2017Q1 novt Inventory Acquisition Fair Value Adjustment
InventoryAcquisitionFairValueAdjustment
1035000
CY2018Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-94000
CY2017Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-509000
CY2018Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5421000
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3690000
CY2018Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7423000
CY2017Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4414000
CY2018Q1 novt Increase Decrease In Prepaid Income Taxes Income Taxes Receivable Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidIncomeTaxesIncomeTaxesReceivablePrepaidDeferredExpenseAndOtherAssets
-3918000
CY2017Q1 novt Increase Decrease In Prepaid Income Taxes Income Taxes Receivable Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidIncomeTaxesIncomeTaxesReceivablePrepaidDeferredExpenseAndOtherAssets
462000
CY2018Q1 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-6357000
CY2017Q1 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
4851000
CY2018Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
237000
CY2017Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-277000
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12760000
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1760000
CY2017Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
34896000
CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-52000
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2881000
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36656000
CY2017Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
42000000
CY2018Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
5300000
CY2017Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
1875000
CY2017Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2398000
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
370000
CY2018Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2804000
CY2017Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1669000
CY2018Q1 novt Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
142000
CY2017Q1 novt Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
215000
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-74000
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8320000
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
35473000
CY2018Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1862000
CY2017Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
329000
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
11070000
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
11906000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
68108000
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
80014000
CY2018Q1 us-gaap Interest Paid
InterestPaid
2142000
CY2017Q1 us-gaap Interest Paid
InterestPaid
781000
CY2018Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
3896000
CY2017Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
1819000
CY2018Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
507000
CY2017Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
23000
CY2018Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:4.53%;text-indent:-2.03%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">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 they 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 those estimates. </p></div>
CY2018Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2017Q4 us-gaap Goodwill Gross
GoodwillGross
362217000
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2018Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
287043000
CY2018Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
148254000
CY2018Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
138789000
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
283445000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
141424000
CY2018Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
3309000
CY2018Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
246000
CY2018Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
5399000
CY2018Q1 novt Net Income Loss After Adjustment Of Redeemable Noncontrolling Interest To Estimated Redemption Value
NetIncomeLossAfterAdjustmentOfRedeemableNoncontrollingInterestToEstimatedRedemptionValue
6512000
CY2017Q1 novt Net Income Loss After Adjustment Of Redeemable Noncontrolling Interest To Estimated Redemption Value
NetIncomeLossAfterAdjustmentOfRedeemableNoncontrollingInterestToEstimatedRedemptionValue
34252000
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
541000
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
360000
CY2018Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12000
CY2017Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4104000
CY2018Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
2800000
CY2018Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1304000
CY2017Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2018Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2834000
CY2018Q1 us-gaap Goodwill Gross
GoodwillGross
365051000
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
142021000
CY2018Q1 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2017Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2018Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
300070000
CY2017Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
296472000
CY2018Q1 us-gaap Cost Of Goods Sold Amortization
CostOfGoodsSoldAmortization
2480000
CY2017Q1 us-gaap Cost Of Goods Sold Amortization
CostOfGoodsSoldAmortization
1641000
CY2018Q1 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
6178000
CY2017Q1 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
4490000
CY2018Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
18571000
CY2018Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
22824000
CY2018Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
19427000
CY2018Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
17689000
CY2018Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
14569000
CY2018Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
45709000
CY2018Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
64228000
CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
57277000
CY2018Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
15478000
CY2017Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
14847000
CY2018Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
16140000
CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
16443000
CY2018Q1 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
149000
CY2018Q1 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
1817000
CY2018Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2018Q1 novt Gross Margin Percentage
GrossMarginPercentage
0.423
CY2018Q1 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
2966000
CY2017Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
2711000
CY2018Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15004000
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
17348000
CY2018Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5054000
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4835000
CY2018Q1 us-gaap Customer Deposits Current
CustomerDepositsCurrent
3521000
CY2017Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
3634000
CY2018Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
14663000
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
17497000
CY2016Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3142000
CY2018Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
722000
CY2017Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
799000
CY2017Q1 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
419000
CY2018Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
560000
CY2017Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
442000
CY2018Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
57000
CY2017Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
7000
CY2017Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3925000
CY2018Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
233221000
CY2017Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
234619000
CY2018Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2044000
CY2017Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1469000
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.110
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.031
CY2017Q1 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
1400000
CY2017Q1 novt Effective Income Tax Rate Reconciliation Nontaxable Gain On Acquisition Of Business And Deferred Tax Liability Write Off
EffectiveIncomeTaxRateReconciliationNontaxableGainOnAcquisitionOfBusinessAndDeferredTaxLiabilityWriteOff
0.245
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 novt Tax Cuts And Jobs Act Of2017 Additional Income Tax Provision From Revaluation Of Certain Deferred Tax Assets And Liabilities At The New Tax Rate
TaxCutsAndJobsActOf2017AdditionalIncomeTaxProvisionFromRevaluationOfCertainDeferredTaxAssetsAndLiabilitiesAtTheNewTaxRate
2800000
CY2018Q1 novt Income Tax Measurement Period Under Asu740
IncomeTaxMeasurementPeriodUnderASU740
P1Y
CY2017Q1 us-gaap Restructuring Costs
RestructuringCosts
37000
CY2018Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
25000
CY2017Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
780000
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
806000
CY2018Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
129000
CY2018Q1 us-gaap Restructuring Reserve
RestructuringReserve
677000
CY2017Q1 novt Gross Margin Percentage
GrossMarginPercentage
0.423
CY2018Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9067000
CY2017Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6482000
CY2018Q1 novt Number Of Primary End Market Segments
NumberOfPrimaryEndMarketSegments
2
CY2018Q1 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1.00
CY2017Q1 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1.00

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