$NOVT
NOVANTA INC

2022 Q3 Form 10-Q Financial Statement

#000156459022028608 Filed on August 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2021 Q4 2021 Q3
Revenue $215.4M $177.7M $167.5M
YoY Change 28.55% 24.35% 15.75%
Cost Of Revenue $120.1M $101.4M $95.12M
YoY Change 26.28% 21.04% 10.6%
Gross Profit $95.25M $76.30M $72.41M
YoY Change 31.54% 29.09% 23.35%
Gross Profit Margin 44.23% 42.93% 43.22%
Selling, General & Admin $40.54M $31.30M $31.24M
YoY Change 29.76% 16.78% 25.42%
% of Gross Profit 42.56% 41.02% 43.15%
Research & Development $21.59M $17.47M $16.95M
YoY Change 27.33% 14.92% 17.41%
% of Gross Profit 22.67% 22.89% 23.42%
Depreciation & Amortization $13.81M $10.89M $9.875M
YoY Change 39.86% 13.48% 4.64%
% of Gross Profit 14.5% 14.27% 13.64%
Operating Expenses $71.95M $52.90M $56.41M
YoY Change 27.55% 16.02% 25.36%
Operating Profit $23.29M $15.28M $15.99M
YoY Change 45.64% 28.73% 16.72%
Interest Expense -$2.757M -$1.676M -$1.378M
YoY Change 100.07% -6.89% -18.99%
% of Operating Profit -11.84% -10.97% -8.62%
Other Income/Expense, Net $68.00K -$71.00K -$97.00K
YoY Change -170.1% 340.91%
Pretax Income $20.75M $13.53M $14.44M
YoY Change 43.72% 35.28% 23.47%
Income Tax $3.275M -$75.00K $2.777M
% Of Pretax Income 15.78% -0.55% 19.23%
Net Earnings $17.48M $13.60M $11.66M
YoY Change 49.85% 64.73% 0.03%
Net Earnings / Revenue 8.12% 7.65% 6.96%
Basic Earnings Per Share $0.49 $0.38 $0.33
Diluted Earnings Per Share $0.49 $0.38 $0.33
COMMON SHARES
Basic Shares Outstanding 35.61M 35.45M 35.37M
Diluted Shares Outstanding 35.93M 35.76M 35.76M

Balance Sheet

Concept 2022 Q3 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.5M $102.4M $133.9M
YoY Change -24.93% -3.94% 37.29%
Cash & Equivalents $100.5M $117.4M $133.9M
Short-Term Investments
Other Short-Term Assets $14.10M $12.16M $11.01M
YoY Change 28.05% 62.17% 5.89%
Inventory $153.9M $125.7M $94.97M
Prepaid Expenses
Receivables $129.8M $115.6M $90.08M
Other Receivables $1.081M $7.252M $5.829M
Total Short-Term Assets $399.4M $373.8M $335.7M
YoY Change 18.95% 22.9% 8.17%
LONG-TERM ASSETS
Property, Plant & Equipment $87.92M $87.44M $113.6M
YoY Change -22.58% 11.14% 3.62%
Goodwill $466.4M $479.5M $282.7M
YoY Change 65.01% 67.67% 3.23%
Intangibles $193.5M $221.0M $133.5M
YoY Change 45.0% 48.79% -12.3%
Long-Term Investments
YoY Change
Other Assets $5.688M $5.586M $12.52M
YoY Change -54.56% 93.02% -17.1%
Total Long-Term Assets $806.5M $854.1M $542.2M
YoY Change 48.74% 52.24% -1.53%
TOTAL ASSETS
Total Short-Term Assets $399.4M $373.8M $335.7M
Total Long-Term Assets $806.5M $854.1M $542.2M
Total Assets $1.206B $1.228B $877.9M
YoY Change 37.35% 41.92% 1.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $77.35M $68.51M $54.05M
YoY Change 43.1% 59.46% 16.49%
Accrued Expenses $86.04M $88.12M $43.31M
YoY Change 98.65% 55.41% 2.15%
Deferred Revenue $7.674M $6.995M $5.332M
YoY Change 43.92% 13.32% 25.9%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.678M $5.097M $5.330M
YoY Change -12.23% -7.46% 5.46%
Total Short-Term Liabilities $198.4M $183.9M $126.6M
YoY Change 56.77% 61.03% -2.12%
LONG-TERM LIABILITIES
Long-Term Debt $402.7M $429.4M $186.9M
YoY Change 115.49% 120.27% -11.83%
Other Long-Term Liabilities $7.007M $9.638M $12.43M
YoY Change -43.65% -43.85% -46.72%
Total Long-Term Liabilities $409.7M $439.0M $199.3M
YoY Change 105.56% 106.98% -15.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $198.4M $183.9M $126.6M
Total Long-Term Liabilities $409.7M $439.0M $199.3M
Total Liabilities $673.7M $706.6M $384.9M
YoY Change 75.03% 81.94% -10.31%
SHAREHOLDERS EQUITY
Retained Earnings $92.83M $56.53M
YoY Change 811.53%
Common Stock $470.0M $477.6M
YoY Change -1.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $532.2M $521.3M $493.1M
YoY Change
Total Liabilities & Shareholders Equity $1.206B $1.228B $877.9M
YoY Change 37.35% 41.92% 1.97%

Cashflow Statement

Concept 2022 Q3 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income $17.48M $13.60M $11.66M
YoY Change 49.85% 64.73% 0.03%
Depreciation, Depletion And Amortization $13.81M $10.89M $9.875M
YoY Change 39.86% 13.48% 4.64%
Cash From Operating Activities $24.06M $13.90M $28.71M
YoY Change -16.2% -66.99% -15.05%
INVESTING ACTIVITIES
Capital Expenditures -$5.795M -$6.116M -$5.343M
YoY Change 8.46% 135.23% 132.3%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$285.2M $0.00
YoY Change -100.0%
Cash From Investing Activities -$5.795M -$291.3M -$5.343M
YoY Change 8.46% 11551.88% 142.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.44M 246.3M -3.094M
YoY Change 334.52% -864.86% -65.62%
NET CHANGE
Cash From Operating Activities 24.06M 13.90M 28.71M
Cash From Investing Activities -5.795M -291.3M -5.343M
Cash From Financing Activities -13.44M 246.3M -3.094M
Net Change In Cash 4.822M -31.11M 20.28M
YoY Change -76.22% -520.47% -10.28%
FREE CASH FLOW
Cash From Operating Activities $24.06M $13.90M $28.71M
Capital Expenditures -$5.795M -$6.116M -$5.343M
Free Cash Flow $29.86M $20.01M $34.06M
YoY Change -12.34% -55.23% -5.66%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2022-07-01
dei Entity Central Index Key
EntityCentralIndexKey
0001076930
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Common Stock Shares Authorized Unlimited
CommonStockSharesAuthorizedUnlimited
Unlimited
us-gaap Revenue Practical Expedient Financing Component
RevenuePracticalExpedientFinancingComponent
true
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y6M
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M
CY2022Q3 novt Finance Lease Right Of Use Assets Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetsStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentNet
CY2021Q4 novt Finance Lease Right Of Use Assets Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetsStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentNet
CY2022Q3 novt Finance Lease Liabilities Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilitiesCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAccruedLiabilitiesCurrent
CY2021Q4 novt Finance Lease Liabilities Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilitiesCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAccruedLiabilitiesCurrent
CY2022Q3 novt Finance Lease Liabilities Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilitiesNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent
CY2021Q4 novt Finance Lease Liabilities Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilitiesNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent
dei Document Transition Report
DocumentTransitionReport
false
dei Security12b Title
Security12bTitle
Common shares, no par value
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
48338000
CY2022Q3 us-gaap Goodwill
Goodwill
466411000
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
77351000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
45700000
CY2021Q4 us-gaap Liabilities
Liabilities
706592000
us-gaap Gross Profit
GrossProfit
185521000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
62893000
us-gaap Operating Expenses
OperatingExpenses
114055000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
23291000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-477000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
17479000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
11664000
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-13927000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
4139000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
12062000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
18500000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
23004000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
534693000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
17479000
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10000000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5081000
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-13340000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
532169000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
521291000
us-gaap Net Income Loss
NetIncomeLoss
36299000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
9477000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10000000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11855000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17799000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
476123000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
11664000
CY2021Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
156000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5035000
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
398000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
476809000
us-gaap Net Income Loss
NetIncomeLoss
22974000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
18428000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11679000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
30000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
493064000
us-gaap Profit Loss
ProfitLoss
22974000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
19724000
us-gaap Inventory Write Down
InventoryWriteDown
2505000
us-gaap Share Based Compensation
ShareBasedCompensation
11855000
us-gaap Share Based Compensation
ShareBasedCompensation
11679000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9504000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-699000
novt Write Off Of Unamortized Deferred Financing Costs
WriteOffOfUnamortizedDeferredFinancingCosts
624000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-375000
novt Working Capital Adjustments From Business Acquisition
WorkingCapitalAdjustmentsFromBusinessAcquisition
820000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-137000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10843000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-296000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
117393000
us-gaap Interest Paid Net
InterestPaidNet
5244000
us-gaap Income Taxes Paid
IncomeTaxesPaid
9698000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
164000
us-gaap Use Of Estimates
UseOfEstimates
<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 as of the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Estimates and assumptions are reviewed on an on-going basis and the effects of revisions are reflected in the period in which such revisions are deemed to be necessary. The Company evaluates its estimates based on historical experience, current conditions, and various other assumptions that it believes are reasonable under the circumstances. Actual results could differ significantly from these estimates. </p>
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-18009000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
210000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
17479000
us-gaap Profit Loss
ProfitLoss
22974000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35326000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
449000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35933000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35775000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
120000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2020Q1 novt Payment For Asset Acquisition Contingent Consideration Liability
PaymentForAssetAcquisitionContingentConsiderationLiability
2400000
CY2020Q1 novt Payment For Asset Acquisition Contingent Consideration Liability
PaymentForAssetAcquisitionContingentConsiderationLiability
2600000
CY2021Q1 novt Payment For Asset Acquisition Contingent Consideration Liability
PaymentForAssetAcquisitionContingentConsiderationLiability
1800000
CY2021Q1 novt Payment For Asset Acquisition Contingent Consideration Liability
PaymentForAssetAcquisitionContingentConsiderationLiability
2200000
CY2022Q1 novt Payment For Asset Acquisition Contingent Consideration Liability
PaymentForAssetAcquisitionContingentConsiderationLiability
1300000
CY2022Q1 novt Payment For Asset Acquisition Contingent Consideration Liability
PaymentForAssetAcquisitionContingentConsiderationLiability
1500000
CY2022Q3 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
26698000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
22613000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
19116000
CY2022Q3 novt Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
61298000
CY2021Q4 us-gaap Goodwill
Goodwill
479500000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-13089000
CY2022Q3 us-gaap Goodwill
Goodwill
466411000
CY2022Q3 us-gaap Goodwill Gross
GoodwillGross
617640000
CY2022Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2022Q3 us-gaap Goodwill
Goodwill
466411000
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
435199000
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
254727000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
180472000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
449103000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
241141000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
207962000
CY2022Q3 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2021Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2022Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
448226000
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
254727000
CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
193499000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
462130000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
241141000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
220989000
CY2022Q3 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
3336000
CY2021Q3 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
2982000
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
6757000
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
5959000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7173000
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3586000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14515000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7161000
CY2022Q3 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
10509000
CY2021Q3 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
6568000
novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
21272000
novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
13120000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
18556000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
32191000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
180472000
CY2022Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
104106000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
84038000
CY2022Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
26106000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
20600000
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
22289000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
19486000
CY2022Q3 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
1386000
CY2021Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
1533000
CY2022Q3 us-gaap Inventory Net
InventoryNet
153887000
CY2021Q4 us-gaap Inventory Net
InventoryNet
125657000
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
26570000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
24725000
CY2022Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4741000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4783000
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7674000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6995000
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
634000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
599000
CY2022Q3 novt Accrued Earn Out And Contingent Considerations Current
AccruedEarnOutAndContingentConsiderationsCurrent
47170000
CY2021Q4 novt Accrued Earn Out And Contingent Considerations Current
AccruedEarnOutAndContingentConsiderationsCurrent
47522000
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
15196000
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
13855000
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
101985000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
98479000
us-gaap Variable Lease Cost
VariableLeaseCost
559000
CY2022Q3 us-gaap Lease Cost
LeaseCost
3229000
CY2021Q3 us-gaap Lease Cost
LeaseCost
2525000
us-gaap Lease Cost
LeaseCost
6468000
us-gaap Lease Cost
LeaseCost
4829000
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
45575000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
48338000
CY2022Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4783000
CY2021Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4919000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1462000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
929000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1398000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1254000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-106000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-29000
CY2022Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4741000
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4565000
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4996000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5309000
CY2022Q3 novt Accrued Contingent Considerations And Earn Outs Noncurrent
AccruedContingentConsiderationsAndEarnOutsNoncurrent
1183000
CY2021Q4 novt Accrued Contingent Considerations And Earn Outs Noncurrent
AccruedContingentConsiderationsAndEarnOutsNoncurrent
3402000
CY2022Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
828000
CY2021Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
927000
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
7007000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9638000
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
4678000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5097000
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
402679000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
429361000
CY2022Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
407357000
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
434458000
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
Certain leases include 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.
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2648000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1964000
us-gaap Operating Lease Cost
OperatingLeaseCost
5392000
us-gaap Operating Lease Cost
OperatingLeaseCost
3795000
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
150000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
151000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
301000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
302000
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
78000
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
86000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
157000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
173000
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
353000
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
324000
us-gaap Variable Lease Cost
VariableLeaseCost
618000
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7561000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7334000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
42580000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
45700000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
50141000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
53034000
CY2022Q3 novt Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
9582000
CY2021Q4 novt Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
9582000
CY2022Q3 novt Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
5369000
CY2021Q4 novt Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
5068000
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4213000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4514000
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
634000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
599000
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4996000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5309000
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
5630000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
5908000
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0471
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0472
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0554
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0554
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
173000
us-gaap Operating Lease Payments
OperatingLeasePayments
4010000
us-gaap Operating Lease Payments
OperatingLeasePayments
3252000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
296000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9024000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2931000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3257000
novt Payments To Acquire Buildings Under Finance Lease
PaymentsToAcquireBuildingsUnderFinanceLease
8700000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4814000
CY2022Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
471000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8855000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
930000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8162000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
954000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7817000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
954000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6691000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
979000
CY2022Q3 novt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
26316000
CY2022Q3 novt Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
2509000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
62655000
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
6797000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12514000
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1167000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
50141000
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
5630000
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
7000000.0
CY2021Q2 us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
one vote per share
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5035000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11855000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11679000
CY2022Q3 novt Earn Out Expense Recognized
EarnOutExpenseRecognized
1800000
novt Earn Out Expense Recognized
EarnOutExpenseRecognized
-500000
CY2021Q3 novt Earn Out Expense Recognized
EarnOutExpenseRecognized
900000
novt Earn Out Expense Recognized
EarnOutExpenseRecognized
1900000
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.158
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.124
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.014
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.192
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.035
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.147
CY2022Q3 us-gaap Restructuring Costs
RestructuringCosts
610000
CY2021Q3 us-gaap Restructuring Costs
RestructuringCosts
1165000
us-gaap Restructuring Costs
RestructuringCosts
1232000
us-gaap Restructuring Costs
RestructuringCosts
2711000
CY2022Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2045000
CY2021Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3469000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-207000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5654000
CY2022Q3 novt Restructuring Acquisition And Related Costs
RestructuringAcquisitionAndRelatedCosts
2655000
CY2021Q3 novt Restructuring Acquisition And Related Costs
RestructuringAcquisitionAndRelatedCosts
4634000
novt Restructuring Acquisition And Related Costs
RestructuringAcquisitionAndRelatedCosts
1025000
novt Restructuring Acquisition And Related Costs
RestructuringAcquisitionAndRelatedCosts
8365000
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
2686000
us-gaap Restructuring Charges
RestructuringCharges
1232000
us-gaap Payments For Restructuring
PaymentsForRestructuring
1819000
us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-155000
CY2022Q3 us-gaap Restructuring Reserve
RestructuringReserve
1944000
CY2022Q3 us-gaap Legal Fees
LegalFees
0
us-gaap Legal Fees
LegalFees
0
CY2021Q3 us-gaap Legal Fees
LegalFees
800000
us-gaap Legal Fees
LegalFees
1800000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215356000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
167523000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
419572000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330107000
CY2022Q3 us-gaap Gross Profit
GrossProfit
95245000
CY2021Q3 us-gaap Gross Profit
GrossProfit
72406000
us-gaap Gross Profit
GrossProfit
185521000
us-gaap Gross Profit
GrossProfit
141146000
CY2022Q3 novt Gross Margin Percentage
GrossMarginPercentage
0.442
CY2021Q3 novt Gross Margin Percentage
GrossMarginPercentage
0.432
novt Gross Margin Percentage
GrossMarginPercentage
0.442
novt Gross Margin Percentage
GrossMarginPercentage
0.428
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
23291000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
15992000
us-gaap Operating Income Loss
OperatingIncomeLoss
47574000
us-gaap Operating Income Loss
OperatingIncomeLoss
27091000
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13811000
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9875000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27855000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19724000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215356000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
167523000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
419572000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330107000
novt Number Of Primary End Market Segments
NumberOfPrimaryEndMarketSegments
2
CY2022Q3 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2021Q3 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
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
35642770
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100489000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117393000
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
129808000
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
12206000
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
4678000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5097000
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
68514000
CY2022Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
6825000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
98479000
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
7000000
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q3 us-gaap Gross Profit
GrossProfit
72406000
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21588000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-167000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20754000
us-gaap Revenue Practical Expedient Incremental Cost Of Obtaining Contract
RevenuePracticalExpedientIncrementalCostOfObtainingContract
true
us-gaap Revenue Practical Expedient Remaining Performance Obligation
RevenuePracticalExpedientRemainingPerformanceObligation
true
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
17688000
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5586000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
220989000
dei Entity File Number
EntityFileNumber
001-35083
dei Entity Registrant Name
EntityRegistrantName
NOVANTA INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
A3
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-0110412
dei Entity Address Address Line1
EntityAddressAddressLine1
125 Middlesex Turnpike
dei Entity Address City Or Town
EntityAddressCityOrTown
Bedford
dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
dei Entity Address Country
EntityAddressCountry
US
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
01730
dei City Area Code
CityAreaCode
781
dei Local Phone Number
LocalPhoneNumber
266-5700
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
671000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
556000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
115617000
CY2022Q3 us-gaap Inventory Net
InventoryNet
153887000
CY2021Q4 us-gaap Inventory Net
InventoryNet
125657000
CY2022Q3 novt Prepaid Income Taxes And Income Taxes Receivable Current
PrepaidIncomeTaxesAndIncomeTaxesReceivableCurrent
1081000
CY2021Q4 novt Prepaid Income Taxes And Income Taxes Receivable Current
PrepaidIncomeTaxesAndIncomeTaxesReceivableCurrent
1997000
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
14102000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
13161000
CY2022Q3 us-gaap Assets Current
AssetsCurrent
399367000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
373825000
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
87924000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
87439000
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
45575000
CY2022Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
7379000
CY2021Q4 us-gaap Goodwill
Goodwill
479500000
CY2022Q3 us-gaap Assets
Assets
1205843000
CY2021Q4 us-gaap Assets
Assets
1227883000
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
198400000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
183938000
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
402679000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
429361000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
42580000
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
35623000
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35623000
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
35601000
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35601000
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
423856000
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
423856000
CY2022Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
46146000
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
53768000
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
92832000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
56533000
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-30665000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-12866000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
532169000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
521291000
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1205843000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1227883000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215356000
CY2021 us-gaap Common Stock Shares Authorized Unlimited
CommonStockSharesAuthorizedUnlimited
Unlimited
CY2022Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2022Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2021Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2021Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7561000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
7000000
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
193499000
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
4514000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7334000
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
101985000
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
33738000
CY2022Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
5320000
CY2021Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
4217000
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
7007000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9638000
CY2022Q3 us-gaap Liabilities
Liabilities
673674000
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
167523000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
419572000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330107000
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
120111000
CY2021Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
95117000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
234051000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
188961000
CY2022Q3 us-gaap Gross Profit
GrossProfit
95245000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14515000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7161000
CY2021Q3 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
4634000
novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
1025000
novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
8365000
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
71954000
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
56414000
us-gaap Operating Expenses
OperatingExpenses
137947000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
15992000
CY2022Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-2757000
us-gaap Gross Profit
GrossProfit
141146000
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16954000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
42517000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
35636000
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
40538000
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
31240000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
79890000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7173000
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3586000
CY2022Q3 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
2655000
us-gaap Operating Income Loss
OperatingIncomeLoss
47574000
us-gaap Operating Income Loss
OperatingIncomeLoss
27091000
CY2021Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1378000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-5866000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-2786000
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
152000
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-76000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
221000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-333000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
68000
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-97000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14441000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
41452000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23805000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3275000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2777000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5153000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
831000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
17479000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
11664000
us-gaap Profit Loss
ProfitLoss
36299000
us-gaap Profit Loss
ProfitLoss
22974000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35609000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35374000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35573000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35326000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35933000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35763000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35857000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35775000
us-gaap Profit Loss
ProfitLoss
36299000
us-gaap Profit Loss
ProfitLoss
22974000
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
136000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-18699000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-353000
CY2022Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-587000
CY2021Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-262000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-900000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-383000
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-13340000
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
398000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17799000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
30000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
532169000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
493064000
us-gaap Profit Loss
ProfitLoss
36299000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
27855000
us-gaap Inventory Write Down
InventoryWriteDown
1004000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-682000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17627000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15580000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
33509000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5645000
novt Increase Decrease In Prepaid Income Taxes Income Taxes Receivable Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidIncomeTaxesIncomeTaxesReceivablePrepaidDeferredExpenseAndOtherAssets
1107000
novt Increase Decrease In Prepaid Income Taxes Income Taxes Receivable Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidIncomeTaxesIncomeTaxesReceivablePrepaidDeferredExpenseAndOtherAssets
4750000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
20365000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
22059000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
1222000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
935000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35408000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
52014000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12103000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8643000
novt Payment Of Contingent Consideration Related To Acquisition Of Technology Assets
PaymentOfContingentConsiderationRelatedToAcquisitionOfTechnologyAssets
1470000
novt Payment Of Contingent Consideration Related To Acquisition Of Technology Assets
PaymentOfContingentConsiderationRelatedToAcquisitionOfTechnologyAssets
2200000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10000000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
375000
novt Payments To Acquire Buildings Under Finance Lease
PaymentsToAcquireBuildingsUnderFinanceLease
8743000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-281000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31994000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12616000
us-gaap Repayments Of Debt
RepaymentsOfDebt
12833000
us-gaap Repayments Of Debt
RepaymentsOfDebt
2706000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2492000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
9477000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
18428000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1836000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
100489000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
133853000
us-gaap Interest Paid Net
InterestPaidNet
2240000
us-gaap Income Taxes Paid
IncomeTaxesPaid
6734000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
1199000
dei Trading Symbol
TradingSymbol
NOVT
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5688000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-35473000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-4223000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-378000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16904000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8799000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
125054000
CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1744000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
11664000
us-gaap Profit Loss
ProfitLoss
36299000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35609000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35374000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35573000
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
324000
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
389000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
284000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35763000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35857000
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
146000
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2021Q4 us-gaap Goodwill
Goodwill
479500000
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
630729000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
157000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5081000

Files In Submission

Name View Source Status
0001564590-22-028608-index-headers.html Edgar Link pending
0001564590-22-028608-index.html Edgar Link pending
0001564590-22-028608.txt Edgar Link pending
0001564590-22-028608-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
novt-10q_20220701.htm Edgar Link pending
novt-20220701.xsd Edgar Link pending
novt-ex101_281.htm Edgar Link pending
novt-ex311_10.htm Edgar Link pending
novt-ex312_9.htm Edgar Link pending
novt-ex321_8.htm Edgar Link pending
novt-ex322_7.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
novt-20220701_def.xml Edgar Link unprocessable
novt-20220701_lab.xml Edgar Link unprocessable
novt-20220701_pre.xml Edgar Link unprocessable
novt-10q_20220701_htm.xml Edgar Link completed
novt-20220701_cal.xml Edgar Link unprocessable
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending