XML 44 R37.htm IDEA: XBRL DOCUMENT
v3.25.1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 28, 2025
Segment Reporting [Abstract] |
Revenue, Gross Profit, Gross Profit Margin, Operating Income (Loss), and Depreciation and Amortization Expenses by Reportable Segment |
| Three Months Ended March 28, 2025 |
| Automation Enabling Technologies |  |  | Medical Solutions |  |  | Total |
Revenue | $ | 123,167 |  |  | $ | 110,199 |  |  | $ | 233,366 |
Cost of revenue |  | 62,422 |  |  |  | 62,036 |  |  |  |
Amortization of purchased intangible assets |  | 1,359 |  |  |  | 2,202 |  |  |  |
Segment gross profit |  | 59,386 |  |  |  | 45,961 |  |  |  | 105,347 |
Research and development and engineering |  | 9,439 |  |  |  | 13,955 |  |  |  |
Selling, general and administrative |  | 19,159 |  |  |  | 14,732 |  |  |  |
Amortization of purchased intangible assets |  | 2,408 |  |  |  | 3,146 |  |  |  |
Restructuring, acquisition, and related costs |  | (3,109 | ) |  |  | 99 |  |  |  |
Segment operating income |  | 31,489 |  |  |  | 14,029 |  |  |  | 45,518 |
Unallocated costs |  | — |  |  |  | — |  |  |  | (13,097 | )
Interest income (expense), net |  | — |  |  |  | — |  |  |  | (5,644 | )
Other income (expense), net |  | — |  |  |  | — |  |  |  | (359 | )
Income before income taxes | $ | 31,489 |  |  | $ | 14,029 |  |  | $ | 26,418 |
| Three Months Ended March 29, 2024 |
| Automation Enabling Technologies |  |  | Medical Solutions |  |  | Total |
Revenue | $ | 117,389 |  |  | $ | 113,527 |  |  | $ | 230,916 |
Cost of revenue |  | 60,318 |  |  |  | 65,182 |  |  |  |
Amortization of purchased intangible assets |  | 1,569 |  |  |  | 2,123 |  |  |  |
Segment gross profit |  | 55,502 |  |  |  | 46,222 |  |  |  | 101,724 |
Research and development and engineering |  | 9,997 |  |  |  | 13,266 |  |  |  |
Selling, general and administrative |  | 18,495 |  |  |  | 13,622 |  |  |  |
Amortization of purchased intangible assets |  | 2,801 |  |  |  | 2,949 |  |  |  |
Restructuring, acquisition, and related costs |  | 279 |  |  |  | 366 |  |  |  |
Segment operating income |  | 23,930 |  |  |  | 16,019 |  |  |  | 39,949 |
Unallocated costs |  | — |  |  |  | — |  |  |  | (14,342 | )
Interest income (expense), net |  | — |  |  |  | — |  |  |  | (8,254 | )
Other income (expense), net |  | — |  |  |  | — |  |  |  | (437 | )
Income before income taxes | $ | 23,930 |  |  | $ | 16,019 |  |  | $ | 16,916 |
| Three Months Ended |
| March 28, |  |  | March 29, |
Depreciation and Amortization Expenses | 2025 |  |  | 2024 |
Automation Enabling Technologies | $ | 5,476 |  |  | $ | 5,856 |
Medical Solutions |  | 7,679 |  |  |  | 6,597 |
Unallocated |  | 408 |  |  |  | 476 |
Total | $ | 13,563 |  |  | $ | 12,929 |
| March 28, |  |  | December 31, |
| 2025 |  |  | 2024 |
Accounts Receivable |  |  |  |  |
Automation Enabling Technologies | $ | 77,726 |  |  | $ | 70,829 |
Medical Solutions |  | 86,475 |  |  |  | 80,197 |
Total accounts receivable | $ | 164,201 |  |  | $ | 151,026 |
Inventories |  |  |  |  |
Automation Enabling Technologies | $ | 90,002 |  |  | $ | 89,009 |
Medical Solutions |  | 55,433 |  |  |  | 55,597 |
Total inventories | $ | 145,435 |  |  | $ | 144,606 |
Total segment assets | $ | 309,636 |  |  | $ | 295,632 |
Schedule of Geographic Revenue | The Company aggregates geographic revenue based on the customer locations where products are shipped to. Revenue by geography was as follows (in thousands):
| Three Months Ended |
| March 28, |  |  | March 29, |
| 2025 |  |  | 2024 |
United States | $ | 123,646 |  |  | $ | 117,081 |
Germany |  | 28,477 |  |  |  | 33,181 |
Rest of Europe |  | 31,781 |  |  |  | 30,971 |
China |  | 21,434 |  |  |  | 17,071 |
Rest of Asia-Pacific |  | 23,379 |  |  |  | 27,256 |
Other |  | 4,649 |  |  |  | 5,356 |
Total | $ | 233,366 |  |  | $ | 230,916 |
Revenue By End Market | The Company primarily operates in two end markets: the medical market and the advanced industrial market. Revenue by end market was approximately as follows:
| Three Months Ended |
| March 28, |  |  | March 29, |
| 2025 |  |  | 2024 |
Medical |  | 55 | % |  |  | 55 | %
Advanced Industrial |  | 45 | % |  |  | 45 | %
Total |  | 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: | dtr-types: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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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