Redeemable Noncontrolling Interest (Tables)

9 Months Ended

Sep. 29, 2017

Noncontrolling Interest [Abstract]

Schedule of Reconciliation of Changes in Noncontrolling Interest

The following table presents the reconciliation of changes in the Company’s noncontrolling interest (in thousands):

	Redeemable noncontrolling interests
Balance as of December 31, 2016	$	—
Acquisition of noncontrolling interest		21,582
Net income attributable to noncontrolling interest		1,444
Adjustment of redeemable noncontrolling interest to estimated redemption value (1)		11,303
Foreign currency translation		2,509
Balance as of September 29, 2017	$	36,838

(1) Adjustment of the carrying value of redeemable noncontrolling interest to the estimated redemption value was recognized in retained earnings instead of the consolidated statement of operations but was included in the computation of earnings per share attributable to Novanta Inc. (see Note 5.)