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Earnings per Common Share (Tables)
 3 Months Ended
Mar. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share (amounts in thousands, except per share data):

 

 

Three Months Ended

 

 

March 30,

 

 

March 31,

 

 

2018

 

 

2017

 

Numerators:

 

 

 

 

 

 

 

Consolidated net income

$

12,837

 

 

$

34,274

 

Less: Net income attributable to noncontrolling interest

 

(926

)

 

 

(22

)

Net income attributable to Novanta Inc.

 

11,911

 

 

 

34,252

 

Less: Adjustment of redeemable noncontrolling interest to estimated redemption value (see Note 14)

 

(5,399

)

 

 

—

 

Net income attributable to Novanta Inc. after adjustment of redeemable noncontrolling interest to estimated redemption value

$

6,512

 

 

$

34,252

 

 

 

 

 

 

 

 

 

Denominators:

 

 

 

 

 

 

 

Weighted average common shares outstanding— basic

 

34,887

 

 

 

34,765

 

Dilutive potential common shares

 

541

 

 

 

360

 

Weighted average common shares outstanding— diluted

 

35,428

 

 

 

35,125

 

Antidilutive common shares excluded from above

 

12

 

 

 

—

 

 

 

 

 

 

 

 

 

Earnings per Common Share Attributable to Novanta Inc.:

 

 

 

 

 

 

 

Basic

$

0.19

 

 

$

0.99

 

Diluted

$

0.18

 

 

$

0.98