XML 21 R45.htm IDEA: XBRL DOCUMENT v3.19.3
Computation of Basic and Diluted Earnings per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2019
Sep. 28, 2018
Sep. 27, 2019
Sep. 28, 2018
Numerators:        
Consolidated net income $ 8,923 [1] $ 14,989 [2] $ 31,556 [1] $ 39,451 [2]
Less: Net income attributable to noncontrolling interest [2]   (435)   (1,986)
Net income attributable to Novanta Inc. 8,923 [1] 14,554 [2] 31,556 [1] 37,465 [2]
Redeemable noncontrolling interest redemption value adjustment [2]   6,877   1,781
Net income attributable to Novanta Inc. after adjustment for redeemable noncontrolling interest redemption value $ 8,923 [1] $ 21,431 [2] $ 31,556 [1] $ 39,246 [2]
Denominators:        
Weighted average common shares outstanding—basic 35,074 [1] 34,899 [2] 35,012 [1] 34,918 [2]
Dilutive potential common shares 511 [1] 586 [2] 511 [1] 551 [2]
Weighted average common shares outstanding— diluted 35,585 [1] 35,485 [2] 35,523 [1] 35,469 [2]
Antidilutive potential common shares excluded from above [1] 35   43  
Earnings per Common Share Attributable to Novanta Inc.:        
Basic $ 0.25 [1] $ 0.61 [2] $ 0.90 [1] $ 1.12 [2]
Diluted $ 0.25 [1] $ 0.60 [2] $ 0.89 [1] $ 1.11 [2]
[1] 47,147 performance-based restricted stock units granted to certain members of the executive management team and 213,219 shares of restricted stock issued to Laser Quantum former non-controlling interest holders are considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of September 27, 2019.
[2] 53,968 performance-based restricted stock units granted to certain members of the executive management team and 213,219 shares of restricted stock issued to Laser Quantum former non-controlling interest holders were considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of September 28, 2018.