XML 46 R35.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Oct. 02, 2020
Segment Reporting [Abstract] |
Revenue, Gross Profit, Gross Profit Margin, Operating Income (Loss), and Depreciation and Amortization Expenses by Reportable Segment | Revenue, gross profit, gross profit margin, operating income (loss), and depreciation and amortization expenses by reportable segment were as follows (in thousands, except percentage data):
| Three Months Ended |  |  | Nine Months Ended |
| October 2, |  |  | September 27, |  |  | October 2, |  |  | September 27, |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Photonics | $ | 46,394 |  |  | $ | 54,570 |  |  | $ | 149,337 |  |  | $ | 172,081 |
Vision |  | 64,299 |  |  |  | 69,923 |  |  |  | 198,047 |  |  |  | 201,754 |
Precision Motion |  | 32,236 |  |  |  | 29,573 |  |  |  | 95,741 |  |  |  | 92,562 |
Total | $ | 142,929 |  |  | $ | 154,066 |  |  | $ | 443,125 |  |  | $ | 466,397 |
| Three Months Ended |  |  | Nine Months Ended |
| October 2, |  |  | September 27, |  |  | October 2, |  |  | September 27, |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Gross Profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Photonics | $ | 20,166 |  |  | $ | 25,289 |  |  | $ | 65,725 |  |  | $ | 79,911 |
Vision |  | 24,586 |  |  |  | 26,922 |  |  |  | 75,676 |  |  |  | 78,106 |
Precision Motion |  | 15,011 |  |  |  | 12,504 |  |  |  | 42,753 |  |  |  | 39,784 |
Unallocated Corporate and Shared Services |  | (658 | ) |  |  | (661 | ) |  |  | (1,902 | ) |  |  | (1,676 | )
Total | $ | 59,105 |  |  | $ | 64,054 |  |  | $ | 182,252 |  |  | $ | 196,125 |
| Three Months Ended |  |  | Nine Months Ended |
| October 2, |  |  | September 27, |  |  | October 2, |  |  | September 27, |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Gross Profit Margin |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Photonics |  | 43.5 | % |  |  | 46.3 | % |  |  | 44.0 | % |  |  | 46.4 | %
Vision |  | 38.2 | % |  |  | 38.5 | % |  |  | 38.2 | % |  |  | 38.7 | %
Precision Motion |  | 46.6 | % |  |  | 42.3 | % |  |  | 44.7 | % |  |  | 43.0 | %
Total |  | 41.4 | % |  |  | 41.6 | % |  |  | 41.1 | % |  |  | 42.1 | %
| Three Months Ended |  |  | Nine Months Ended |
| October 2, |  |  | September 27, |  |  | October 2, |  |  | September 27, |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Operating Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Photonics | $ | 7,026 |  |  | $ | 10,661 |  |  | $ | 22,878 |  |  | $ | 34,637 |
Vision |  | 3,799 |  |  |  | 5,830 |  |  |  | 14,098 |  |  |  | 14,602 |
Precision Motion |  | 7,675 |  |  |  | 5,221 |  |  |  | 20,728 |  |  |  | 16,839 |
Unallocated Corporate and Shared Services |  | (6,634 | ) |  |  | (8,911 | ) |  |  | (18,887 | ) |  |  | (23,779 | )
Total | $ | 11,866 |  |  | $ | 12,801 |  |  | $ | 38,817 |  |  | $ | 42,299 |
| Three Months Ended |  |  | Nine Months Ended |
| October 2, |  |  | September 27, |  |  | October 2, |  |  | September 27, |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Depreciation and Amortization Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Photonics | $ | 2,864 |  |  | $ | 3,276 |  |  | $ | 8,303 |  |  | $ | 8,486 |
Vision |  | 5,296 |  |  |  | 5,432 |  |  |  | 15,845 |  |  |  | 15,658 |
Precision Motion |  | 1,369 |  |  |  | 1,061 |  |  |  | 4,055 |  |  |  | 3,613 |
Unallocated Corporate and Shared Services |  | 67 |  |  |  | 71 |  |  |  | 160 |  |  |  | 197 |
Total | $ | 9,596 |  |  | $ | 9,840 |  |  | $ | 28,363 |  |  | $ | 27,954 |
Schedule of Geographic Revenue | The Company aggregates geographic revenue based on the customer location where products are shipped to. Revenue from these customers was as follows (in thousands):
| Three Months Ended |  |  | Nine Months Ended |
| October 2, |  |  | September 27, |  |  | October 2, |  |  | September 27, |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
United States | $ | 57,635 |  |  | $ | 63,278 |  |  | $ | 171,364 |  |  | $ | 190,048 |
Germany |  | 18,885 |  |  |  | 21,423 |  |  |  | 64,266 |  |  |  | 63,738 |
Rest of Europe |  | 30,483 |  |  |  | 30,489 |  |  |  | 94,281 |  |  |  | 97,230 |
China |  | 17,409 |  |  |  | 11,895 |  |  |  | 50,285 |  |  |  | 42,395 |
Rest of Asia-Pacific |  | 16,414 |  |  |  | 24,218 |  |  |  | 55,956 |  |  |  | 65,367 |
Other |  | 2,103 |  |  |  | 2,763 |  |  |  | 6,973 |  |  |  | 7,619 |
Total | $ | 142,929 |  |  | $ | 154,066 |  |  | $ | 443,125 |  |  | $ | 466,397 |
Revenue By End Market | The Company primarily operates in two end markets: the medical market and advanced industrial market. Revenue by end market was approximately as follows:
| Three Months Ended |  |  | Nine Months Ended |
| October 2, |  |  | September 27, |  |  | October 2, |  |  | September 27, |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Medical |  | 54 | % |  |  | 55 | % |  |  | 56 | % |  |  | 55 | %
Advanced Industrial |  | 46 | % |  |  | 45 | % |  |  | 44 | % |  |  | 45 | %
Total |  | 100 | % |  |  | 100 | % |  |  | 100 | % |  |  | 100 | %

X
- Definition Tabular disclosure of revenue from external customers by end markets. + References No definition available. + Details
Name: | novt_RevenueByEndMarketTableTextBlock
Namespace Prefix: | novt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration