$NOVT
NOVANTA INC

2019 Form 10-K Financial Statement

#000156459020006601 Filed on February 26, 2020

View on sec.gov

Income Statement

Concept 2019 2018 Q4 2018
Revenue $626.1M $156.2M $614.3M
YoY Change 1.91% 6.33% 17.85%
Cost Of Revenue $364.0M $91.70M $352.8M
YoY Change 3.18% 8.26% 17.31%
Gross Profit $262.1M $64.50M $261.5M
YoY Change 0.21% 3.7% 18.59%
Gross Profit Margin 41.86% 41.29% 42.57%
Selling, General & Admin $118.4M $28.30M $115.9M
YoY Change 2.16% 3.28% 13.6%
% of Gross Profit 45.18% 43.88% 44.32%
Research & Development $55.97M $13.30M $51.00M
YoY Change 9.74% 12.71% 22.3%
% of Gross Profit 21.35% 20.62% 19.5%
Depreciation & Amortization $38.28M $9.700M $37.05M
YoY Change 3.31% 15.48% 20.46%
% of Gross Profit 14.61% 15.04% 14.17%
Operating Expenses $206.8M $45.60M $190.5M
YoY Change 8.55% 9.09% 16.91%
Operating Profit $55.28M $18.90M $71.01M
YoY Change -22.15% -7.35% 23.36%
Interest Expense -$8.493M -$2.200M -$9.814M
YoY Change -13.46% -15.38% 36.97%
% of Operating Profit -15.36% -11.64% -13.82%
Other Income/Expense, Net -$243.0K $100.0K -$44.00K
YoY Change 452.27% 0.0% -80.79%
Pretax Income $45.77M $13.60M $61.30M
YoY Change -25.34% -18.07% -19.48%
Income Tax $4.993M $1.900M $10.21M
% Of Pretax Income 10.91% 13.97% 16.65%
Net Earnings $40.77M $11.60M $49.11M
YoY Change -16.97% 30.34% -18.22%
Net Earnings / Revenue 6.51% 7.43% 7.99%
Basic Earnings Per Share $1.16 $1.46
Diluted Earnings Per Share $1.15 $326.8K $1.43
COMMON SHARES
Basic Shares Outstanding 35.03M 34.91M
Diluted Shares Outstanding 35.55M 35.47M

Balance Sheet

Concept 2019 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.90M $82.00M $82.00M
YoY Change -3.78% -18.08% -18.08%
Cash & Equivalents $78.90M $82.04M $82.00M
Short-Term Investments
Other Short-Term Assets $12.00M $9.200M $9.200M
YoY Change 30.43% -14.02% -14.02%
Inventory $116.6M $104.8M $104.8M
Prepaid Expenses
Receivables $91.10M $83.96M $84.00M
Other Receivables $5.900M $1.800M $1.800M
Total Short-Term Assets $304.5M $281.8M $281.8M
YoY Change 8.06% -2.12% -2.12%
LONG-TERM ASSETS
Property, Plant & Equipment $112.7M $65.46M $65.50M
YoY Change 72.06% 6.07% 6.16%
Goodwill $217.7M
YoY Change 3.16%
Intangibles $142.9M
YoY Change -7.82%
Long-Term Investments
YoY Change
Other Assets $11.60M $2.269M $11.80M
YoY Change -1.69% -43.53% 6.31%
Total Long-Term Assets $565.2M $437.8M $437.8M
YoY Change 29.1% -0.23% -0.23%
TOTAL ASSETS
Total Short-Term Assets $304.5M $281.8M $281.8M
Total Long-Term Assets $565.2M $437.8M $437.8M
Total Assets $869.7M $719.6M $719.6M
YoY Change 20.86% -0.98% -0.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.60M $50.73M $50.70M
YoY Change 3.75% 27.49% 27.39%
Accrued Expenses $53.90M $29.10M $29.10M
YoY Change 85.22% 8.18% 8.18%
Deferred Revenue $4.165M
YoY Change -13.05%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.300M $4.535M $4.500M
YoY Change 40.0% -50.27% -50.55%
Total Short-Term Liabilities $134.8M $104.2M $104.2M
YoY Change 29.37% 6.14% 6.11%
LONG-TERM LIABILITIES
Long-Term Debt $230.2M $202.8M $202.8M
YoY Change 13.51% -10.05% -13.11%
Other Long-Term Liabilities $60.90M $17.19M $21.70M
YoY Change 180.65% 13.51% 99.08%
Total Long-Term Liabilities $291.1M $220.0M $224.5M
YoY Change 29.67% -8.57% -8.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $134.8M $104.2M $104.2M
Total Long-Term Liabilities $291.1M $220.0M $224.5M
Total Liabilities $452.6M $351.3M $351.3M
YoY Change 28.84% -4.59% -15.39%
SHAREHOLDERS EQUITY
Retained Earnings -$79.09M
YoY Change -38.08%
Common Stock $469.9M
YoY Change 2.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $417.2M $368.3M $368.3M
YoY Change
Total Liabilities & Shareholders Equity $869.7M $719.6M $719.6M
YoY Change 20.86% -0.98% -0.98%

Cashflow Statement

Concept 2019 2018 Q4 2018
OPERATING ACTIVITIES
Net Income $40.77M $11.60M $49.11M
YoY Change -16.97% 30.34% -18.22%
Depreciation, Depletion And Amortization $38.28M $9.700M $37.05M
YoY Change 3.31% 15.48% 20.46%
Cash From Operating Activities $63.25M $21.90M $89.65M
YoY Change -29.45% -0.9% 41.45%
INVESTING ACTIVITIES
Capital Expenditures $10.74M -$3.400M $14.66M
YoY Change -26.71% 30.77% 61.18%
Acquisitions
YoY Change
Other Investing Activities -$53.10M $100.0K -$29.30M
YoY Change 81.23% -82.59%
Cash From Investing Activities -$63.84M -$3.300M -$45.59M
YoY Change 40.04% 26.92% -74.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.00M $5.850M
YoY Change 70.94% 1362.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.900M -47.90M -60.16M
YoY Change -93.52% 305.93% -141.98%
NET CHANGE
Cash From Operating Activities 63.25M 21.90M 89.65M
Cash From Investing Activities -63.84M -3.300M -45.59M
Cash From Financing Activities -3.900M -47.90M -60.16M
Net Change In Cash -3.099M -29.30M -18.01M
YoY Change -82.8% -480.52% -161.42%
FREE CASH FLOW
Cash From Operating Activities $63.25M $21.90M $89.65M
Capital Expenditures $10.74M -$3.400M $14.66M
Free Cash Flow $52.51M $25.30M $74.99M
YoY Change -29.98% 2.43% 38.14%

Facts In Submission

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61302000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
76134000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4993000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10207000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13827000
CY2019 us-gaap Profit Loss
ProfitLoss
40773000
CY2018 us-gaap Profit Loss
ProfitLoss
51095000
CY2017 us-gaap Profit Loss
ProfitLoss
62307000
CY2018 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
1986000
CY2017 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
2256000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
49109000
CY2019 us-gaap Profit Loss
ProfitLoss
40773000
CY2018 us-gaap Profit Loss
ProfitLoss
51095000
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
258870000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
60051000
CY2017 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-20244000
CY2017 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2090000
CY2017 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
370000
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5493000
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9835000
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
311545000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
49109000
CY2018 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
1781000
CY2018 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
14401000
CY2018 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3556000
CY2018 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5850000
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7714000
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4647000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
368255000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
40773000
CY2019 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
10900000
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
425000
CY2019 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
6935000
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10000000
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9340000
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4414000
CY2018 novt Payments To Acquire Businesses Net Of Cash Acquired And Working Capital Adjustments
PaymentsToAcquireBusinessesNetOfCashAcquiredAndWorkingCapitalAdjustments
29600000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
417172000
CY2019 us-gaap Profit Loss
ProfitLoss
40773000
CY2018 us-gaap Profit Loss
ProfitLoss
51095000
CY2017 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
26409000
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1156000
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2077000
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7397000
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15603000
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
13587000
CY2017 novt Payments To Acquire Businesses Net Of Cash Acquired And Working Capital Adjustments
PaymentsToAcquireBusinessesNetOfCashAcquiredAndWorkingCapitalAdjustments
168332000
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1599000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-177380000
CY2018 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
55253000
CY2017 us-gaap Repayments Of Debt
RepaymentsOfDebt
26925000
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2655000
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
655000
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3556000
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2090000
CY2017 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2546000
CY2018 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
30800000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
143330000
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
2621000
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
31949000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100057000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
68108000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
5832000
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
14260000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
78944000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
82043000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100057000
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:6pt;margin-left:2.31%;text-indent:0%;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:4.61%;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>
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
554000
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
565000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
66000
CY2017 novt Allowance For Doubtful Accounts Receivable Additions From Business Acquisition
AllowanceForDoubtfulAccountsReceivableAdditionsFromBusinessAcquisition
52000
CY2017 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
358000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
297000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
321000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
554000
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
4900000
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
-3500000
novt Amortization Of Inventory Fair Value Adjustments And Purchased Intangible Assets
AmortizationOfInventoryFairValueAdjustmentsAndPurchasedIntangibleAssets
2200000
CY2018 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2
CY2018 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
33500000
CY2018 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
1800000
CY2017 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-20200000
CY2017 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
20200000
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
8790000
CY2017 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
1045000
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-5473000
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
826000
CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
3428000
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
986000
CY2018Q4 us-gaap Goodwill
Goodwill
217662000
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
56433000
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
615000
CY2019Q4 us-gaap Goodwill
Goodwill
274710000
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
425939000
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2019Q4 us-gaap Goodwill
Goodwill
274710000
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
368891000
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2018Q4 us-gaap Goodwill
Goodwill
217662000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
341211000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
188063000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
153148000
CY2019Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
354238000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
188063000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
166175000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
293298000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
163405000
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
129893000
CY2018Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
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
CY2019 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
10588000
CY2018 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
10060000
CY2017 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
8824000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15857000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15550000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12096000
CY2019 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
26445000
CY2018 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
25610000
CY2017 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
20920000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
25107000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
24990000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
22538000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
19682000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
15557000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
45274000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
153148000
CY2018 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2017 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2016 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2019 us-gaap Profit Loss
ProfitLoss
40773000
CY2018 us-gaap Profit Loss
ProfitLoss
51095000
CY2017 us-gaap Profit Loss
ProfitLoss
62307000
CY2018 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
1986000
CY2017 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
2256000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
40773000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
49109000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
60051000
CY2018 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
1781000
CY2017 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-20244000
CY2019 novt Net Income Loss After Adjustment For Redeemable Noncontrolling Interest Redemption Value
NetIncomeLossAfterAdjustmentForRedeemableNoncontrollingInterestRedemptionValue
40773000
CY2018 novt Net Income Loss After Adjustment For Redeemable Noncontrolling Interest Redemption Value
NetIncomeLossAfterAdjustmentForRedeemableNoncontrollingInterestRedemptionValue
50890000
CY2017 novt Net Income Loss After Adjustment For Redeemable Noncontrolling Interest Redemption Value
NetIncomeLossAfterAdjustmentForRedeemableNoncontrollingInterestRedemptionValue
39807000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35030000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34913000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34817000
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
516000
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
560000
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
463000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35546000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35473000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35280000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
41000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4000
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.46
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.15
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.43
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
76268000
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
69008000
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
15096000
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
15982000
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
23431000
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
17337000
CY2019Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
1823000
CY2018Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
2437000
CY2019Q4 us-gaap Inventory Net
InventoryNet
116618000
CY2018Q4 us-gaap Inventory Net
InventoryNet
104764000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
154847000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
133986000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
77291000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
68522000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
77556000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
65464000
CY2019 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
200000
CY2018 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
1100000
CY2017 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
2000000.0
CY2019 us-gaap Depreciation
Depreciation
11835000
CY2018 us-gaap Depreciation
Depreciation
11442000
CY2017 us-gaap Depreciation
Depreciation
9838000
CY2017 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3169000
CY2019 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
142000
CY2017 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
1307000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15359000
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
24545000
CY2019Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5756000
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4510000
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3219000
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4165000
CY2019Q4 novt Business Combination Deferred Cash Consideration
BusinessCombinationDeferredCashConsideration
27735000
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
18257000
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
13075000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
70326000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
46295000
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4510000
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4835000
CY2016Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3142000
CY2019 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2360000
CY2018 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3111000
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1282000
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3341000
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2857000
CY2019 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
26000
CY2018 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-95000
CY2017 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
74000
CY2019Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5756000
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4510000
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4835000
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
14845000
CY2018Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
7275000
CY2019Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
1473000
CY2018Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
3758000
CY2019Q4 novt Contingent Consideration Liability Noncurrent
ContingentConsiderationLiabilityNoncurrent
16504000
CY2018Q4 novt Contingent Consideration Liability Noncurrent
ContingentConsiderationLiabilityNoncurrent
3376000
CY2019Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
4065000
CY2018Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2778000
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
36887000
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
17187000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5031000
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4535000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
215334000
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
202843000
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
220365000
CY2018Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
207378000
CY2019Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
450000000.0
CY2019Q4 us-gaap Debt Instrument Term
DebtInstrumentTerm
P5Y
CY2019Q4 novt Debt Instrument Maturity Month And Year
DebtInstrumentMaturityMonthAndYear
2024-12
CY2019 us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
The Third Amended and Restated Credit Agreement also requires the Company to satisfy certain financial covenants, such as maintaining a minimum consolidated fixed charge coverage ratio of 1.50:1.00 and a maximum consolidated leverage ratio of 3.50:1.00. The maximum consolidated leverage ratio will increase to 4.00:1.00 for four consecutive quarters following an acquisition with an aggregate consideration greater than or equal to $50.0 million.
CY2019 novt Consolidated Fixed Charge Coverage Ratio Minimum
ConsolidatedFixedChargeCoverageRatioMinimum
1.50
CY2019 novt Consolidated Leverage Ratio Maximum
ConsolidatedLeverageRatioMaximum
3.50
CY2019Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0234
CY2019 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0030
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1100000
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000.0
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
800000
CY2019 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.
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
7638000
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
831000
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
430000
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
1329000
CY2019 us-gaap Lease Cost
LeaseCost
10228000
CY2018 us-gaap Operating Lease Cost
OperatingLeaseCost
7400000
CY2017 us-gaap Operating Lease Cost
OperatingLeaseCost
5500000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
35180000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5043000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34108000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
39151000
CY2019Q4 novt Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
19748000
CY2019Q4 novt Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
4649000
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
15099000
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1307000
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
14845000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
16152000
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0560
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0309
CY2018Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
13537000
CY2018Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
6901000
CY2018Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
6636000
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
430000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
7768000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
868000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7723000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
9209000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6157000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1738000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6485000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
9278000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5451000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
907000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4762000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
930000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4420000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
954000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
26141000
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
4440000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
53416000
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
18247000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14265000
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2095000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
39151000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
16152000
CY2017 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
14000
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
400000
CY2017 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
26.41
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9340000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7714000
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5493000
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
15500000
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y1M13D
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
4400000
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3900000
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3100000
CY2019 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
971000
CY2018 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
939000
CY2017 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
991000
CY2019 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1671000
CY2018 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1717000
CY2017 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1665000
CY2019 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-957000
CY2018 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-826000
CY2017 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1045000
CY2019 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
29000
CY2019 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
286000
CY2018 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
48000
CY2017 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
371000
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.027
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.024
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.026
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.051
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.048
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.052
CY2019Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.019
CY2018Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.027
CY2019Q4 novt Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationInflationRate
0.025
CY2018Q4 novt Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationInflationRate
0.028
CY2018Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
36882000
CY2017Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
40329000
CY2019 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
971000
CY2018 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
939000
CY2019 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-3005000
CY2018 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
1718000
CY2019 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1696000
CY2018 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1301000
CY2018 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
754000
CY2019 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
1294000
CY2018 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
-2121000
CY2019Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
40456000
CY2018Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
36882000
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
40456000
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
36882000
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
33124000
CY2017Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
36476000
CY2019 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
5410000
CY2018 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
-1083000
CY2019 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
894000
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
941000
CY2019 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1696000
CY2018 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1301000
CY2019 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
1251000
CY2018 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
-1909000
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
38983000
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
33124000
CY2019Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-1473000
CY2018Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-3758000
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-11120000
CY2017Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-10493000
CY2019 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
734000
CY2018 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
-1083000
CY2018 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
-754000
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
986000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
826000
CY2019 novt Defined Benefit Plan Accumulated Other Comprehensive Income Foreign Currency Exchange Rate Changes
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeForeignCurrencyExchangeRateChanges
-306000
CY2018 novt Defined Benefit Plan Accumulated Other Comprehensive Income Foreign Currency Exchange Rate Changes
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeForeignCurrencyExchangeRateChanges
384000
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-9706000
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-11120000
CY2019Q4 us-gaap Defined Benefit Plan Expected Amortization Of Gain Loss Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfGainLossNextFiscalYear
706000
CY2018Q4 us-gaap Defined Benefit Plan Expected Amortization Of Gain Loss Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfGainLossNextFiscalYear
959000
CY2019Q4 us-gaap Defined Benefit Plan Expected Amortization Of Prior Service Cost Credit Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfPriorServiceCostCreditNextFiscalYear
30000
CY2018Q4 us-gaap Defined Benefit Plan Expected Amortization Of Prior Service Cost Credit Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfPriorServiceCostCreditNextFiscalYear
29000
CY2018 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
800000
CY2019Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
1104000
CY2019Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
1181000
CY2019Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
1038000
CY2019Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
1137000
CY2019Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
1502000
CY2019Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
8612000
CY2019Q4 novt Defined Benefit Plan Expected Future Benefit Payments
DefinedBenefitPlanExpectedFutureBenefitPayments
14574000
CY2019 novt Funding Valuation Period
FundingValuationPeriod
P3Y
CY2019Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
1000000.0
CY2019Q4 novt Defined Benefit Plan Expected Future Employer Contributions Increasing Percentage Next Fiscal Year Thereafter
DefinedBenefitPlanExpectedFutureEmployerContributionsIncreasingPercentageNextFiscalYearThereafter
0.029
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
38983000
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
33124000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
45766000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61302000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
76134000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9325000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
16283000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
16387000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4332000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsRestructuringCharges
324000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsRestructuringCharges
202000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
772000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
35000
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
146000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6076000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2560000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4993000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10207000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13827000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9484000
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9385000
CY2019Q4 novt Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
8386000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
3932000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
4780000
CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
4543000
CY2018Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
4170000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2785000
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2785000
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
885000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
30372000
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
22242000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12302000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12884000
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
18070000
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
9358000
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1338000
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1867000
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
26310000
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
20258000
CY2019Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
DeferredTaxLiabilitiesUnrealizedCurrencyTransactionGains
194000
CY2018Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
DeferredTaxLiabilitiesUnrealizedCurrencyTransactionGains
373000
CY2019Q4 novt Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
8014000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
35856000
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
22498000
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
17786000
CY2018Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
13140000
CY2018Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
300000
CY2019Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3800000
CY2019Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
5700000
CY2018Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3700000
CY2018Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
5700000
CY2019Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
2800000
CY2018Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
2800000
CY2019Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
168400000
CY2019Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries
200000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4900000
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4800000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4700000
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3600000
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4962000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
991000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
496000
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
28000
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1577000
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
755000
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
655000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
69000
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
239000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
105000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4725000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
727000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
5000
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
31000
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
497000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4929000
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
500000
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
500000
CY2019 us-gaap Restructuring Costs
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8640000
CY2018 us-gaap Restructuring Costs
RestructuringCosts
2025000
CY2017 us-gaap Restructuring Costs
RestructuringCosts
346000
CY2019 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
7934000
CY2018 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6016000
CY2017 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
7196000
CY2019 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
16574000
CY2018 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
8041000
CY2017 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
7542000
CY2019 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2600000
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
806000
CY2018 us-gaap Restructuring Charges
RestructuringCharges
2025000
CY2018 us-gaap Payments For Restructuring
PaymentsForRestructuring
1490000
CY2018 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-65000
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
1276000
CY2019 us-gaap Restructuring Charges
RestructuringCharges
8640000
CY2019 us-gaap Payments For Restructuring
PaymentsForRestructuring
3507000
CY2019 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-388000
CY2019 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-3948000
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
2073000
CY2019 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2600000
CY2019Q4 us-gaap Purchase Obligation
PurchaseObligation
75800000
CY2019Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
74200000
CY2019Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
800000
CY2019Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
800000
CY2019 novt Number Of Customers Accounted For More Than Ten Percent Of Accounts Receivable
NumberOfCustomersAccountedForMoreThanTenPercentOfAccountsReceivable
0
CY2018 novt Number Of Customers Accounted For More Than Ten Percent Of Accounts Receivable
NumberOfCustomersAccountedForMoreThanTenPercentOfAccountsReceivable
0
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
626099000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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614337000
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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521290000
CY2019 us-gaap Gross Profit
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262085000
CY2018 us-gaap Gross Profit
GrossProfit
261528000
CY2017 us-gaap Gross Profit
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220531000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
55282000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
71013000
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
57566000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38280000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
37052000
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30758000
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
91078000
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
83955000
CY2019Q4 us-gaap Inventory Net
InventoryNet
116618000
CY2018Q4 us-gaap Inventory Net
InventoryNet
104764000
CY2019Q4 novt Segment Assets
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207696000
CY2018Q4 novt Segment Assets
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188719000
CY2019Q4 novt Segment Assets
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207696000
CY2018Q4 novt Segment Assets
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188719000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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78944000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
82043000
CY2019Q4 novt Prepaid Income Taxes And Income Taxes Receivable Current
PrepaidIncomeTaxesAndIncomeTaxesReceivableCurrent
5905000
CY2018Q4 novt Prepaid Income Taxes And Income Taxes Receivable Current
PrepaidIncomeTaxesAndIncomeTaxesReceivableCurrent
1852000
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
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11967000
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
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9155000
CY2019Q4 us-gaap Property Plant And Equipment Net
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77556000
CY2018Q4 us-gaap Property Plant And Equipment Net
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65464000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
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35180000
CY2019Q4 us-gaap Deferred Tax Assets Net Noncurrent
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8890000
CY2018Q4 us-gaap Deferred Tax Assets Net Noncurrent
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9492000
CY2019Q4 us-gaap Other Assets Noncurrent
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2713000
CY2018Q4 us-gaap Other Assets Noncurrent
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2269000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
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166175000
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
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142920000
CY2019Q4 us-gaap Goodwill
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274710000
CY2018Q4 us-gaap Goodwill
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217662000
CY2019Q4 us-gaap Assets
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869736000
CY2018Q4 us-gaap Assets
Assets
719576000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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626099000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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614337000
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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521290000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
77556000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
65464000
CY2019 novt Number Of Primary End Market Segments
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2
CY2019 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2018 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2017 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2019 novt Number Of Customers Exceeded Ten Percentage Of Revenue
NumberOfCustomersExceededTenPercentageOfRevenue
0
CY2018 novt Number Of Customers Exceeded Ten Percentage Of Revenue
NumberOfCustomersExceededTenPercentageOfRevenue
0
CY2017 novt Number Of Customers Exceeded Ten Percentage Of Revenue
NumberOfCustomersExceededTenPercentageOfRevenue
0

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