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Earnings per Common Share (Tables) | 9 Months Ended
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Sep. 28, 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 |  |  | Nine Months Ended |
| September 28, |  |  | September 29, |  |  | September 28, |  |  | September 29, |
| 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Numerators: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated net income | $ | 14,989 |  |  | $ | 8,366 |  |  | $ | 39,451 |  |  | $ | 52,630 |
Less: Net income attributable to noncontrolling interest |  | (435 | ) |  |  | (834 | ) |  |  | (1,986 | ) |  |  | (1,444 | )
Net income attributable to Novanta Inc. |  | 14,554 |  |  |  | 7,532 |  |  |  | 37,465 |  |  |  | 51,186 |
Redeemable noncontrolling interest redemption value adjustment (see Note 15) |  | 6,877 |  |  |  | (7,585 | ) |  |  | 1,781 |  |  |  | (11,303 | )
Net income (loss) attributable to Novanta Inc. after adjustment for redeemable noncontrolling interest redemption value | $ | 21,431 |  |  | $ | (53 | ) |  | $ | 39,246 |  |  | $ | 39,883 |
Denominators: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding— basic |  | 34,899 |  |  |  | 34,833 |  |  |  | 34,918 |  |  |  | 34,809 |
Dilutive potential common shares (1) (2) |  | 586 |  |  |  | — |  |  |  | 551 |  |  |  | 426 |
Weighted average common shares outstanding— diluted |  | 35,485 |  |  |  | 34,833 |  |  |  | 35,469 |  |  |  | 35,235 |
Antidilutive common shares excluded from above |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Earnings (Loss) per Common Share Attributable to Novanta Inc.: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.61 |  |  | $ | (0.00 | ) |  | $ | 1.12 |  |  | $ | 1.15 |
Diluted | $ | 0.60 |  |  | $ | (0.00 | ) |  | $ | 1.11 |  |  | $ | 1.13 |
| (1) | 53,968 non-GAAP EPS performance restricted stock units granted to certain members of the executive management team and 213,219 shares of restricted stock issued to Laser Quantum non-controlling interest holders (see Note 15) are considered contingently issuable shares and are excluded from the calculation of the denominator as the contingent conditions had not been met as of the end of each period presented.
| (2) | Due to the Company’s net loss position after adjustment of redeemable noncontrolling interest to estimated redemption value for the three months ended September 29, 2017, all potentially dilutive shares are excluded from the calculation of the denominator as their effect would have been anti-dilutive.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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