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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2018
Jun. 30, 2017
Jun. 29, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenue $ 150,400 $ 119,102 $ 297,365 $ 228,076
Cost of revenue 85,171 65,613 169,977 128,493
Gross profit 65,229 53,489 127,388 99,583
Operating expenses:        
Research and development and engineering 12,551 9,004 24,540 18,219
Selling, general and administrative 29,231 23,810 58,451 46,684
Amortization of purchased intangible assets 3,893 3,347 7,591 6,196
Restructuring, acquisition and divestiture related costs 2,439 1,581 2,464 2,398
Total operating expenses 48,114 37,742 93,046 73,497
Operating income 17,115 15,747 34,342 26,086
Interest income (expense), net (2,561) (1,435) (4,919) (2,763)
Foreign exchange transaction gains (losses), net 177 486 (230) 485
Other income (expense), net (46) (119) (87) (150)
Gain on acquisition of business       26,409
Income before income taxes 14,685 14,679 29,106 50,067
Income tax provision 3,060 4,689 4,644 5,803
Consolidated net income 11,625 9,990 24,462 44,264
Less: Net income attributable to noncontrolling interest (625) (588) (1,551) (610)
Net income attributable to Novanta Inc. $ 11,000 $ 9,402 $ 22,911 $ 43,654
Earnings per common share attributable to Novanta Inc. (Note 5):        
Basic $ 0.32 $ 0.16 $ 0.51 $ 1.15
Diluted $ 0.32 $ 0.16 $ 0.50 $ 1.13
Weighted average common shares outstanding—basic 34,949 34,827 34,919 34,796
Weighted average common shares outstanding—diluted 35,474 35,463 35,451 35,294