$NOVT
NOVANTA INC

2019 Q3 Form 10-Q Financial Statement

#000156459019040094 Filed on November 05, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $154.1M $160.8M
YoY Change -4.18% 9.91%
Cost Of Revenue $90.00M $91.20M
YoY Change -1.32% 4.11%
Gross Profit $64.05M $69.63M
YoY Change -8.01% 18.63%
Gross Profit Margin 41.58% 43.31%
Selling, General & Admin $27.90M $29.10M
YoY Change -4.12% 5.43%
% of Gross Profit 43.56% 41.79%
Research & Development $13.80M $13.20M
YoY Change 4.55% 12.82%
% of Gross Profit 21.54% 18.96%
Depreciation & Amortization $9.840M $9.199M
YoY Change 6.97% 3.78%
% of Gross Profit 15.36% 13.21%
Operating Expenses $45.80M $46.30M
YoY Change -1.08% 8.94%
Operating Profit $12.80M $21.00M
YoY Change -39.03% 29.6%
Interest Expense -$1.800M -$2.300M
YoY Change -21.74% -17.86%
% of Operating Profit -14.06% -10.95%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income $11.00M $18.60M
YoY Change -40.86% 95.79%
Income Tax $2.100M $3.600M
% Of Pretax Income 19.09% 19.35%
Net Earnings $8.923M $14.55M
YoY Change -38.69% 94.05%
Net Earnings / Revenue 5.79% 9.05%
Basic Earnings Per Share $0.25 $0.61
Diluted Earnings Per Share $0.25 $0.60
COMMON SHARES
Basic Shares Outstanding 35.07M 34.90M
Diluted Shares Outstanding 35.59M 35.49M

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.40M $111.8M
YoY Change -45.08% 21.39%
Cash & Equivalents $61.41M $111.8M
Short-Term Investments
Other Short-Term Assets $11.90M $9.500M
YoY Change 25.26% 14.46%
Inventory $118.6M $98.90M
Prepaid Expenses
Receivables $98.70M $88.90M
Other Receivables $6.300M $4.000M
Total Short-Term Assets $296.9M $313.2M
YoY Change -5.2% 11.7%
LONG-TERM ASSETS
Property, Plant & Equipment $111.6M $66.20M
YoY Change 68.58% 9.97%
Goodwill $44.16M
YoY Change
Intangibles $168.1M
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.70M $9.600M
YoY Change 32.29% -40.0%
Total Long-Term Assets $561.1M $446.2M
YoY Change 25.75% 0.97%
TOTAL ASSETS
Total Short-Term Assets $296.9M $313.2M
Total Long-Term Assets $561.1M $446.2M
Total Assets $858.0M $759.4M
YoY Change 12.98% 5.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $47.00M $48.30M
YoY Change -2.69% 21.66%
Accrued Expenses $52.50M $29.00M
YoY Change 81.03% 9.02%
Deferred Revenue $4.549M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.300M $9.100M
YoY Change -85.71% 0.0%
Total Short-Term Liabilities $124.9M $108.5M
YoY Change 15.12% 13.26%
LONG-TERM LIABILITIES
Long-Term Debt $227.5M $247.3M
YoY Change -8.0% 2.19%
Other Long-Term Liabilities $36.82M $19.00M
YoY Change 93.76% 66.67%
Total Long-Term Liabilities $264.3M $266.3M
YoY Change -0.74% 5.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $124.9M $108.5M
Total Long-Term Liabilities $264.3M $266.3M
Total Liabilities $455.1M $399.8M
YoY Change 13.83% -3.24%
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 $402.9M $359.7M
YoY Change
Total Liabilities & Shareholders Equity $858.0M $759.4M
YoY Change 12.98% 5.14%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $8.923M $14.55M
YoY Change -38.69% 94.05%
Depreciation, Depletion And Amortization $9.840M $9.199M
YoY Change 6.97% 3.78%
Cash From Operating Activities $6.900M $27.30M
YoY Change -74.73% 131.36%
INVESTING ACTIVITIES
Capital Expenditures -$2.400M -$5.600M
YoY Change -57.14% 64.71%
Acquisitions
YoY Change
Other Investing Activities -$24.30M -$2.000M
YoY Change 1115.0% -98.5%
Cash From Investing Activities -$26.70M -$7.700M
YoY Change 246.75% -94.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 15.20M -15.00M
YoY Change -201.33% -111.83%
NET CHANGE
Cash From Operating Activities 6.900M 27.30M
Cash From Investing Activities -26.70M -7.700M
Cash From Financing Activities 15.20M -15.00M
Net Change In Cash -4.600M 4.600M
YoY Change -200.0% 170.59%
FREE CASH FLOW
Cash From Operating Activities $6.900M $27.30M
Capital Expenditures -$2.400M -$5.600M
Free Cash Flow $9.300M $32.90M
YoY Change -71.73% 116.45%

Facts In Submission

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<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;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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>
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IntangibleAssetsNetExcludingGoodwill
168078000
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
306325000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
163405000
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
142920000
CY2019Q3 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
2797000
CY2018Q3 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
2492000
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
7554000
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
7461000
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3970000
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3947000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11740000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11538000
CY2019Q3 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
6767000
CY2018Q3 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
6439000
novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
19294000
novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
18999000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
6916000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
24299000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
24203000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
21830000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
19056000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
58747000
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
155051000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1802000
CY2019Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
78489000
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
69008000
CY2019Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
16544000
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
15982000
CY2019Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
21614000
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
17337000
CY2019Q3 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
1926000
CY2018Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
2437000
CY2019Q3 us-gaap Inventory Net
InventoryNet
118573000
CY2018Q4 us-gaap Inventory Net
InventoryNet
104764000
CY2019Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15675000
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
24545000
CY2019Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4728000
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4510000
CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4549000
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4165000
CY2019Q3 novt Business Combination Deferred Cash Consideration
BusinessCombinationDeferredCashConsideration
27027000
CY2019Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
19199000
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
13075000
CY2019Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
71178000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
46295000
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4510000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-58000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-54000
CY2019Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4728000
CY2018Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5041000
CY2019Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
14960000
CY2018Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
7275000
CY2019Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
2473000
CY2018Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
3758000
CY2019Q3 novt Contingent Consideration Liability Noncurrent
ContingentConsiderationLiabilityNoncurrent
14998000
CY2018Q4 novt Contingent Consideration Liability Noncurrent
ContingentConsiderationLiabilityNoncurrent
3376000
CY2019Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
4384000
CY2018Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2778000
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
36815000
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
17187000
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4535000
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
227507000
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
202843000
CY2019Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
227507000
CY2018Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
207378000
novt Lessee Operating And Finance Lease Option To Extend And Terminate Description
LesseeOperatingAndFinanceLeaseOptionToExtendAndTerminateDescription
Certain leases include terms such as an option to purchase the property, one or more options to renew, with renewal terms that can extend the lease term from one to 10 years, and options to terminate the leases within one year.
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
9209000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
404000
us-gaap Operating Lease Payments
OperatingLeasePayments
5124000
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1830000
us-gaap Operating Lease Cost
OperatingLeaseCost
5695000
CY2019Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
228000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
583000
CY2019Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
110000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
316000
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
505000
us-gaap Variable Lease Cost
VariableLeaseCost
1051000
CY2019Q3 us-gaap Lease Cost
LeaseCost
2673000
us-gaap Lease Cost
LeaseCost
7645000
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
35487000
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5065000
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
32181000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
37246000
CY2019Q3 novt Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
22677000
CY2019Q3 novt Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
7537000
CY2019Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
15140000
CY2019Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1294000
CY2019Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
14960000
CY2019Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
16254000
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0573
CY2019Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0506
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
547000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5649000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1561000
CY2019Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
433000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6111000
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
9891000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5868000
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
907000
CY2019Q3 us-gaap Restructuring Costs
RestructuringCosts
1466000
CY2018Q3 us-gaap Restructuring Costs
RestructuringCosts
137000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5065000
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
907000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4419000
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
930000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
28415000
CY2019Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
5394000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
51439000
CY2019Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
18462000
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14193000
CY2019Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2208000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
37246000
CY2019Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
16254000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
7797000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
990000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
6263000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
980000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
5757000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
907000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
5264000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
907000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
4719000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
930000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
26149000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
5394000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
55949000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
10108000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2243000
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.188
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.129
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.195
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.173
us-gaap Restructuring Costs
RestructuringCosts
4836000
us-gaap Restructuring Costs
RestructuringCosts
1125000
CY2019Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
4080000
CY2018Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2204000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
7077000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3680000
CY2019Q3 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
5546000
CY2018Q3 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
2341000
novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
11913000
novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
4805000
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
1276000
us-gaap Restructuring Charges
RestructuringCharges
4836000
novt Restructuring Payments Receipts
RestructuringPaymentsReceipts
-2717000
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-601000
novt Restructuring Reserve Settled Without Cash And Other Adjustments
RestructuringReserveSettledWithoutCashAndOtherAdjustments
-964000
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
1830000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
154066000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
160794000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
466397000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
458159000
CY2019Q3 us-gaap Gross Profit
GrossProfit
64054000
CY2018Q3 us-gaap Gross Profit
GrossProfit
69634000
us-gaap Gross Profit
GrossProfit
196125000
us-gaap Gross Profit
GrossProfit
197022000
CY2019Q3 novt Gross Margin Percentage
GrossMarginPercentage
0.416
CY2018Q3 novt Gross Margin Percentage
GrossMarginPercentage
0.433
novt Gross Margin Percentage
GrossMarginPercentage
0.421
novt Gross Margin Percentage
GrossMarginPercentage
0.430
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
12801000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
20995000
us-gaap Operating Income Loss
OperatingIncomeLoss
42299000
us-gaap Operating Income Loss
OperatingIncomeLoss
55337000
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9840000
CY2018Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9199000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27954000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27386000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
154066000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
160794000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
466397000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
458159000
novt Number Of Primary End Market Segments
NumberOfPrimaryEndMarketSegments
2
CY2019Q3 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2018Q3 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

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