Novanta (NOVT) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 03, 2020	Jul. 31, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 3, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Trading Symbol	NOVT
Entity Registrant Name	NOVANTA INC.
Entity Central Index Key	0001076930
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		35,155,466
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-35083
Entity Tax Identification Number	98-0110412
Entity Address, Address Line One	125 Middlesex Turnpike
Entity Address, City or Town	Bedford
Entity Address, State or Province	MA
Entity Address, Country	US
Entity Address, Postal Zip Code	01730
City Area Code	781
Local Phone Number	266-5700
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	A3
Entity Interactive Data Current	Yes
Security Exchange Name	NASDAQ
Title of 12(b) Security	Common shares, no par value

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 03, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 97,494	$ 78,944
Accounts receivable, net of allowance of $415 and $297, respectively	88,360	91,078
Inventories	107,380	116,618
Prepaid income taxes and income taxes receivable	6,720	5,905
Prepaid expenses and other current assets	10,423	11,967
Total current assets	310,377	304,512
Property, plant and equipment, net	75,276	77,556
Operating lease assets	34,300	35,180
Deferred tax assets	12,092	8,890
Other assets	2,995	2,713
Intangible assets, net	152,170	166,175
Goodwill	273,817	274,710
Total assets	861,027	869,736
Current liabilities
Current portion of long-term debt	5,054	5,031
Accounts payable	46,427	52,585
Income taxes payable	4,790	1,861
Current portion of operating lease liabilities	4,875	5,043
Accrued expenses and other current liabilities	68,131	70,326
Total current liabilities	129,277	134,846
Long-term debt	211,946	215,334
Operating lease liabilities	33,400	34,108
Deferred tax liabilities	26,028	26,676
Income taxes payable	5,143	4,713
Other liabilities	23,335	36,887
Total liabilities	429,129	452,564
Commitments and contingencies (Note 15)
Stockholders’ equity:
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 35,155 and 35,052, respectively	423,856	423,856
Additional paid-in capital	45,338	49,748
Accumulated deficit	(14,712)	(38,319)
Accumulated other comprehensive loss	(22,584)	(18,113)
Total stockholders' equity	431,898	417,172
Total liabilities and stockholders’ equity	$ 861,027	$ 869,736

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 03, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Accounts receivable, allowance	$ 415	$ 297
Common shares, Authorized	Unlimited	Unlimited
Common shares, no par value	$ 0	$ 0
Common shares, Issued	35,155	35,052
Common shares, outstanding	35,155	35,052

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jul. 03, 2020		Jun. 28, 2019		Jul. 03, 2020		Jun. 28, 2019
Income Statement [Abstract]
Revenue	$ 144,728		$ 155,145		$ 300,196		$ 312,331
Cost of revenue	86,026		89,363		177,049		180,260
Gross profit	58,702		65,782		123,147		132,071
Operating expenses:
Research and development and engineering	14,440		13,388		29,774		27,385
Selling, general and administrative	24,908		29,204		55,663		61,051
Amortization of purchased intangible assets	3,410		3,772		6,855		7,770
Restructuring, acquisition, and related costs	2,243		4,313		3,904		6,367
Total operating expenses	45,001		50,677		96,196		102,573
Operating income	13,701		15,105		26,951		29,498
Interest income (expense), net	(1,701)		(2,160)		(3,379)		(4,204)
Foreign exchange transaction gains (losses), net	(282)		27		(28)		68
Other income (expense), net	(22)		(70)		61		(138)
Income before income taxes	11,696		12,902		23,605		25,224
Income tax provision (benefit)	36		2,522		(2)		2,591
Consolidated net income	$ 11,660	[1]	$ 10,380	[2]	$ 23,607	[1]	$ 22,633	[2]
Earnings per common share (Note 5):
Basic	$ 0.33	[1]	$ 0.30	[2]	$ 0.67	[1]	$ 0.65	[2]
Diluted	$ 0.33	[1]	$ 0.29	[2]	$ 0.66	[1]	$ 0.64	[2]
Weighted average common shares outstanding—basic	35,137	[1]	34,998	[2]	35,145	[1]	34,981	[2]
Weighted average common shares outstanding—diluted	35,579	[1]	35,503	[2]	35,570	[1]	35,491	[2]
[1]	71 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders are considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of July 3, 2020.
[2]	45 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders were considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of June 28, 2019.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jul. 03, 2020		Jun. 28, 2019		Jul. 03, 2020		Jun. 28, 2019
Statement Of Income And Comprehensive Income [Abstract]
Consolidated net income		$ 11,660	[1]	$ 10,380	[2]	$ 23,607	[1]	$ 22,633	[2]
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax	[3]	1,498		(2,662)		(5,308)		(323)
Pension liability adjustments, net of tax	[4]	100		553		837		570
Total other comprehensive income (loss)		1,598		(2,109)		(4,471)		247
Total consolidated comprehensive income (loss)		$ 13,258		$ 8,271		$ 19,136		$ 22,880
[1]	71 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders are considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of July 3, 2020.
[2]	45 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders were considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of June 28, 2019.
[3]	The tax effect on this component of comprehensive income was nominal for all periods presented.
[4]	The tax effect on this component of comprehensive income was nominal for all periods presented. See Note 4 for the total amount of pension liability adjustments reclassified out of accumulated other comprehensive income (loss).

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Shares	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Balance at Dec. 31, 2018	$ 368,255	$ 423,856	$ 46,018	$ (79,092)	$ (22,527)
Balance (in shares) at Dec. 31, 2018		34,886
Consolidated net income	22,633			22,633
Common shares issued under stock plans (in shares)		209
Common shares withheld for taxes on vested stock awards	(6,719)		(6,719)
Common shares withheld for taxes on vested stock awards (in shares)		(84)
Repurchases of common shares	(3,339)		(3,339)
Repurchases of common shares (in shares)		(39)
Share-based compensation	5,105		5,105
Other comprehensive income, net of tax	247				247
Balance at Jun. 28, 2019	386,182	$ 423,856	41,065	(56,459)	(22,280)
Balance (in shares) at Jun. 28, 2019		34,972
Balance at Mar. 29, 2019	379,701	$ 423,856	42,855	(66,839)	(20,171)
Balance (in shares) at Mar. 29, 2019		34,998
Consolidated net income	10,380			10,380
Common shares issued under stock plans (in shares)		23
Common shares withheld for taxes on vested stock awards	(829)		(829)
Common shares withheld for taxes on vested stock awards (in shares)		(10)
Repurchases of common shares	(3,339)		(3,339)
Repurchases of common shares (in shares)		(39)
Share-based compensation	2,378		2,378
Other comprehensive income, net of tax	(2,109)				(2,109)
Balance at Jun. 28, 2019	386,182	$ 423,856	41,065	(56,459)	(22,280)
Balance (in shares) at Jun. 28, 2019		34,972
Balance at Dec. 31, 2019	417,172	$ 423,856	49,748	(38,319)	(18,113)
Balance (in shares) at Dec. 31, 2019		35,052
Consolidated net income	23,607			23,607
Common shares issued under stock plans	179		179
Common shares issued under stock plans (in shares)		256
Common shares withheld for taxes on vested stock awards	(7,936)		(7,936)
Common shares withheld for taxes on vested stock awards (in shares)		(88)
Repurchases of common shares	(5,500)		(5,500)
Repurchases of common shares (in shares)		(65)
Share-based compensation	8,847		8,847
Other comprehensive income, net of tax	(4,471)				(4,471)
Balance at Jul. 03, 2020	431,898	$ 423,856	45,338	(14,712)	(22,584)
Balance (in shares) at Jul. 03, 2020		35,155
Balance at Apr. 03, 2020	413,103	$ 423,856	39,801	(26,372)	(24,182)
Balance (in shares) at Apr. 03, 2020		35,122
Consolidated net income	11,660			11,660
Common shares issued under stock plans (in shares)		34
Common shares withheld for taxes on vested stock awards	(111)		(111)
Common shares withheld for taxes on vested stock awards (in shares)		(1)
Share-based compensation	5,648		5,648
Other comprehensive income, net of tax	1,598				1,598
Balance at Jul. 03, 2020	$ 431,898	$ 423,856	$ 45,338	$ (14,712)	$ (22,584)
Balance (in shares) at Jul. 03, 2020		35,155

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands, € in Millions	6 Months Ended
	Jul. 03, 2020USD ($)		Jun. 28, 2019USD ($)
Cash flows from operating activities:
Consolidated net income	$ 23,607	[1]	$ 22,633	[2]
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization	18,767		18,114
Provision for inventory excess and obsolescence	2,272		1,426
Share-based compensation	8,847		5,105
Deferred income taxes	(3,280)		(2,037)
Inventory acquisition fair value adjustments	188		175
Other	817		1,294
Changes in assets and liabilities which (used)/provided cash, excluding effects from business acquisitions:
Accounts receivable	2,172		(3,150)
Inventories	5,947		(8,162)
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets	893		(5,168)
Accounts payable, income taxes payable, accrued expenses and other current liabilities	(10,931)		(10,580)
Other non-current assets and liabilities	2,273		1,203
Cash provided by operating activities	51,572		20,853
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired and working capital adjustments			(28,884)
Purchases of property, plant and equipment	(4,640)		(5,601)
Payment of contingent consideration related to acquisition of technology assets	(2,632)
Other investing activities			41
Cash used in investing activities	(7,272)		(34,444)
Cash flows from financing activities:
Borrowings under revolving credit facilities			23,643
Repayments of term loan and revolving credit facilities	(2,520)		(16,100)
Payments of debt issuance costs	(1,614)
Payments of withholding taxes from share-based awards	(7,936)		(6,719)
Repurchases of common shares	(5,500)		(3,339)
Payment of contingent consideration related to an acquisition	(1,135)
Payments of deferred and escrowed purchase price related to acquisitions	(5,772)
Other financing activities	(501)		(283)
Cash used in financing activities	(24,978)		(2,798)
Effect of exchange rates on cash and cash equivalents	(772)		439
Increase (decrease) in cash and cash equivalents	18,550		(15,950)
Cash and cash equivalents, beginning of the period	78,944		82,043
Cash and cash equivalents, end of the period	97,494		66,093
Supplemental disclosure of cash flow information:
Cash paid for interest	2,797		3,899
Cash paid for income taxes	2,433		7,858
Income tax refunds received	$ 1,979		$ 407
[1]	71 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders are considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of July 3, 2020.
[2]	45 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders were considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of June 28, 2019.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 03, 2020
Accounting Policies [Abstract]
Basis of Presentation	1. Basis of Presentation Novanta Inc. and its subsidiaries (collectively referred to as “Novanta”, the “Company”, “we”, “us”, “our”) is a leading global supplier of core technology solutions that give medical and advanced industrial original equipment manufacturers (“OEMs”) a competitive advantage. Novanta combines deep proprietary technology expertise and competencies in photonics, vision and precision motion with a proven ability to solve complex technical challenges. This enables Novanta to engineer core components and sub-systems that deliver extreme precision and performance, tailored to the customers’ demanding applications. The accompanying unaudited interim consolidated financial statements have been prepared by the Company in United States (“U.S.”) dollars and pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”), the instructions to Form 10-Q and the provisions of Regulation S-X pertaining to interim financial statements. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the U.S. have been condensed or omitted. The interim consolidated financial statements and notes included in this report should be read in conjunction with the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. In the opinion of management, these interim consolidated financial statements include all adjustments and accruals of a normal and recurring nature necessary to fairly state the results of the interim periods presented. The results for interim periods are not necessarily indicative of results to be expected for the full year or for any future periods. The Company’s unaudited interim consolidated financial statements are prepared for each quarterly period ending on the Friday closest to the end of the calendar quarter, with the exception of the fourth quarter which always ends on December 31. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Estimates and assumptions are reviewed on an on-going basis and the effects of revisions are reflected in the period in which such revisions are deemed to be necessary. The Company evaluates its estimates based on historical experience, current conditions, including estimated economic implications of the COVID-19 pandemic, and various other assumptions that it believes are reasonable under the circumstances. The accounting estimates assessed included, but were not limited to, the Company’s allowance for doubtful accounts and credit losses, inventory and related reserves and the carrying value of goodwill and other long-lived assets. While there was not a material change to the consolidated financial statements related to these estimates as of and for the three and six months ended July 3, 2020, the Company’s future assessment of the magnitude and duration of the COVID-19 pandemic, as well as other factors, could result in material impacts to the Company’s consolidated financial statements in future reporting periods. Recent Accounting Pronouncements The following table provides a brief description of recent Accounting Standards Updates (“ASU”) issued by the Financial Accounting Standards Board (“FASB”): Standard Description Effective Date Effect on the Financial Statements or Other Significant Matters In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” ASU 2019-12 simplifies the accounting for income taxes by removing certain exceptions to the general principles of Accounting Standards Codification (“ASC”) 740, including: (i) the exception to the incremental approach for intraperiod tax allocation when there is a loss from continuing operations and income or a gain from other items; (ii) the exception to the requirement to recognize a deferred tax liability for equity method investments when a foreign subsidiary becomes an equity method investment (or vice-versa); and (iii) the exception for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. ASU 2019-12 also simplifies GAAP for other areas of ASC 740 by clarifying and amending the existing guidance. January 1, 2021. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2019-12 on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 requires the measurement of all expected credit losses of financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward looking information to better inform their credit loss estimates. January 1, 2020. The Company adopted ASU 2016-13 during the first quarter of 2020. The adoption of ASU 2016-13 did not have a material impact on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “Reference rate reform (Topic 848): Facilitation of the effects of reference rate reform on financial reporting.” ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. Upon issuance. ASU 2020-04 is elective. The Company is currently evaluating the impact of ASU 2020-04 on its consolidated financial statements.

Revenue

Revenue	6 Months Ended
	Jul. 03, 2020
Revenue From Contract With Customer [Abstract]
Revenue	2. Revenue The Company recognizes revenue when control of promised goods or services is transferred to customers. The transfer of control generally occurs upon shipment when title and risk of loss pass to the customer. The vast majority of the Company’s revenue is generated from the sale of distinct products. Revenue is measured as the amount of consideration the Company expects to receive in exchange for such products, which is generally at contractually stated prices. Sales taxes and value added taxes collected concurrently with revenue generating activities are excluded from revenue . Performance Obligations Substantially all of the Company’s revenue is recognized at a point in time, upon shipment, rather than over time. At the request of its customers, the Company may perform professional services, generally for the maintenance and repair of products previously sold to those customers and for engineering services. Professional services for the maintenance and repair of products are typically short in duration, mostly less than one month, and generally involve a single distinct performance obligation. The related revenue is recognized at a point in time when control transfers to the customer upon completion of professional services. The consideration expected to be received in exchange for such services is typically the contractually stated amount. Certain engineering services are longer in duration and the related revenue is recognized over time, as the Company has a right to consideration from a customer, based on the corresponding value to the customer from the Company’s performance completed to date. Professional services aggregate to less than 3% of the Company’s consolidated revenue. The Company occasionally sells separately priced non-standard/extended warranty services or preventative maintenance plans with the sale of products. The transfer of control over the service plans is over time. The Company recognizes the related revenue ratably over the terms of the service plans. The transaction price of a contract is allocated to each performance obligation based on its relative standalone selling price. Standalone selling prices are generally determined based on the prices charged to customers or using the expected cost plus a margin. Shipping & Handling Costs The Company accounts for shipping and handling activities that occur after the transfer of control over the related goods as fulfillment activities rather than performance obligations. The shipping and handling fees charged to customers are recognized as revenue and the related costs are recorded in cost of revenue at the time of transfer of control. Warranties The Company generally provides warranties for its products. The standard warranty period is typically 12 months to 24 months for the Photonics and Precision Motion segments and 12 months to 36 months for the Vision segment. The standard warranty period for product sales is accounted for under the provisions of ASC 450, “Contingencies,” as the Company has the ability to ascertain the likelihood of the liability and can reasonably estimate the amount of the liability. A provision for the estimated cost related to warranty is recorded as cost of revenue at the time revenue is recognized. The Company’s estimate of costs to service the warranty obligations is based on historical experience and expectations of future conditions. To the extent that the Company’s experience in warranty claims or costs associated with servicing those claims differ from the original estimates, revisions to the estimated warranty liability are recorded at that time, with an offsetting adjustment to cost of revenue. Practical Expedients and Exemptions The Company expenses incremental direct costs of obtaining a contract when incurred if the expected amortization period is one year or less. These costs are recorded within selling, general and administrative expenses in the consolidated statement of operations. The Company does not adjust the promised amount of consideration for the effects of a financing component because the transfer of a promised good to a customer and the customer’s payment for that good are typically one year or less. The Company does not disclose the value of the remaining performance obligation for contracts with an original expected length of one year or less. Contract Liabilities Contract liabilities consist of deferred revenue and advance payments from customers, including amounts that are refundable. These contract liabilities are classified as either current or long-term liabilities in the consolidated balance sheet based on the timing of when the Company expects to recognize the related revenue. As of July 3, 2020 and December 31, 2019, contract liabilities were $4.6 million and $3.6 million, respectively, and are included in accrued expenses and other current liabilities and other liabilities in the accompanying consolidated balance sheets. The increase in the contract liability balance during the six months ended July 3, 2020 is primarily due to cash payments received in advance of satisfying performance obligations, partially offset by $2.6 million of revenue recognized during the period that was included in the contract liability balance at December 31, 2019. Disaggregated Revenue See Note 16 for the Company’s disaggregation of revenue by segment, geography and end market.

Business Combinations

Business Combinations	6 Months Ended
	Jul. 03, 2020
Business Combinations [Abstract]
Business Combinations	3. Business Combinations On July 31, 2019, the Company acquired 100% of the outstanding shares of ARGES GmbH (“ARGES”), a Wackersdorf, Germany-based supplier of innovative laser scanning subsystems used in industrial materials processing and medical applications, for a total purchase price of €65.7 million ($73.2 million), including net working capital adjustments. The purchase price consists of €24.0 million ($26.7 million) cash paid at closing, 124 thousand Novanta common shares issued upon closing (with a fair market value of €9.8 million, or $10.9 million, based on the closing market price of $87.58 per share on July 30, 2019), €7.1 million ($7.9 million) estimated fair value of contingent consideration and €24.8 million ($27.7 million) deferred cash consideration. In connection with the Company’s initiatives to preserve cash during a prolonged economic downturn caused by the COVID-19 pandemic, the Company reached an agreement with the former owner of ARGES in April 2020 to settle net working capital adjustments and to postpone a portion of the deferred cash consideration. The Company paid the seller €5.0 million in cash in June 2020 and expects to pay €20.0 million in cash in December 2020. The final purchase price allocation is as follows (in thousands): Amount Cash $ 3,159 Accounts receivable 1,430 Inventories 7,129 Property, plant and equipment 14,095 Intangible assets 24,713 Goodwill 44,162 Other assets 2,244 Total assets acquired 96,932 Accounts payable 2,598 Deferred tax liabilities 6,721 Other liabilities 14,462 Total liabilities assumed 23,781 Total assets acquired, net of liabilities assumed 73,151 Less: cash acquired 3,159 Total purchase price, net of cash acquired $ 69,992

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jul. 03, 2020
Equity [Abstract]
Accumulated Other Comprehensive Loss	4. Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss was as follows (in thousands): Total Accumulated Other Cumulative Pension Comprehensive Translation Liability Loss Adjustments Adjustments Balance at December 31, 2019 $ (18,113 ) $ (9,218 ) $ (8,895 ) Other comprehensive income (loss) (4,817 ) (5,308 ) 491 Amounts reclassified from accumulated other comprehensive loss (1) 346 — 346 Balance at July 3, 2020 $ (22,584 ) $ (14,526 ) $ (8,058 ) (1) The amounts reclassified from accumulated other comprehensive loss were included in other income (expense) in the consolidated statements of operations.

Earnings per Common Share

Earnings per Common Share	6 Months Ended
	Jul. 03, 2020
Earnings Per Share [Abstract]
Earnings per Common Share	5. Earnings per Common Share Basic earnings per common share is computed by dividing consolidated net income by the weighted average number of common shares outstanding during the period. For diluted earnings per common share, the denominator includes the dilutive effect of outstanding common share equivalents. For the three and six months ended July 3, 2020 and June 28, 2019, respectively, weighted average shares outstanding for the diluted earnings per common share included the dilutive effect of outstanding restricted stock units, stock options, and total shareholder return performance-based restricted stock units, determined using the treasury stock method. The dilutive effects of market-based contingently issuable shares are included in the weighted average common share calculation based on the number of shares, if any, that would be issuable as of the end of the reporting period assuming the end of the reporting period is also the end of the performance period. Dilutive effects of attainment-based contingently issuable shares granted to the former Laser Quantum Limited (“Laser Quantum”) noncontrolling interest shareholders, as well as the non-GAAP EPS performance-based restricted stock units will be included in the weighted average common share calculation when the performance targets have been achieved. The following table sets forth the computation of basic and diluted earnings per common share ( amounts in thousands, except per share data ): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 (1) 2019 (2) 2020 (1) 2019 (2) Numerators: Consolidated net income $ 11,660 $ 10,380 $ 23,607 $ 22,633 Denominators: Weighted average common shares outstanding— basic 35,137 34,998 35,145 34,981 Dilutive potential common shares 442 505 425 510 Weighted average common shares outstanding— diluted 35,579 35,503 35,570 35,491 Antidilutive potential common shares excluded from above — 36 26 47 Earnings per Common Share: Basic $ 0.33 $ 0.30 $ 0.67 $ 0.65 Diluted $ 0.33 $ 0.29 $ 0.66 $ 0.64 (1) 71 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders are considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of July 3, 2020. (2) 45 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders were considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of June 28, 2019.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 03, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	6. Fair Value Measurements ASC 820, “Fair Value Measurements,” establishes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the third is considered unobservable: • Level 1: Quoted prices for identical assets or liabilities in active markets which the Company can access • Level 2: Observable inputs other than those described in Level 1 • Level 3: Unobservable inputs Current Assets and Liabilities The Company’s cash equivalents are highly liquid investments with original maturities of three months or less, which represent an asset the Company measures at fair value on a recurring basis. The Company determines the fair value of cash equivalents using a market approach based on quoted prices in active markets. The fair values of cash, accounts receivable, income taxes receivable, accounts payable, income taxes payable and accrued expenses and other current liabilities approximate their carrying values because of their short-term nature. Foreign Currency Contracts The Company addresses market risks from changes in foreign currency exchange rates through a risk management program that includes the use of derivative financial instruments to mitigate certain balance sheet foreign currency transaction exposures. The Company uses foreign currency forward contracts as a part of its strategy to manage exposures related to foreign currency denominated monetary assets and liabilities. The fair value of these foreign currency forward contracts is reported either in other current assets or in other current liabilities as of the end of the period. Contingent Considerations On July 31, 2019, the Company acquired ARGES. Under the purchase and sale agreement for the ARGES acquisition, the former owner of ARGES is eligible to receive contingent consideration based on the achievement of certain revenue targets by the Company from August 2019 through December 2026. The undiscounted range of possible contingent consideration is zero to €10.0 million. If the revenue targets are achieved, the contingent consideration would be payable annually with the first payment due in the first quarter of 2021. The estimated fair value of the contingent consideration of €7.1 million ($7.9 million) was determined based on the Monte Carlo valuation method and was recorded as part of the purchase price as of the acquisition date. Subsequent changes in the estimated fair value of the contingent consideration liability are recorded in the consolidated statement of operations in restructuring, acquisition, and related costs until the liability is fully settled. There were no changes to the fair value of the contingent consideration during the six months ended July 3, 2020. On April 16, 2019, the Company acquired Ingenia CAT, S.L. (“Ingenia”). Under the purchase and sale agreement for the Ingenia acquisition, the shareholders of Ingenia are eligible to receive contingent consideration based on the achievement of certain revenue targets by the Company from April 2019 through March 2022. The undiscounted range of possible contingent consideration is zero to €8.0 million. If the revenue targets are achieved, the contingent consideration would be payable in cash in three annual installments from 2020 to 2022. The estimated fair value of the contingent consideration of €5.8 million ($6.6 million) was determined based on the Monte Carlo valuation method and was recorded as part of the purchase price as of the acquisition date. Subsequent changes in the estimated fair value of the contingent consideration liability are recorded in the consolidated statement of operations in restructuring, acquisition, and related costs until the liability is fully settled. In June 2020, the Company made the first installment payment of €1.0 million ($1.1 million), which is included in cash flows from financing activities in the consolidated statement of cash flows for the six months ended July 3, 2020. There were no changes to the fair value of the contingent consideration during the six months ended July 3, 2020. On December 14, 2016, the Company acquired certain video signal processing and management technologies used in medical visualization solutions. Under the purchase and sale agreement, the former owners are eligible to receive contingent consideration based on the achievement of certain revenue targets by the Company from 2018 to 2021 from products utilizing the acquired technologies. The undiscounted range of possible contingent consideration is zero to €5.5 million ($6.6 million). If the revenue targets are achieved, the contingent consideration would be payable in cash in four installments from 2019 to 2022. As the acquired assets did not meet the definition of a business, the fair value of the contingent consideration is recognized when probable and estimable and is capitalized as part of the cost of the acquired assets. Subsequent changes in the estimated fair value of this contingent liability are recorded as adjustments to the carrying value of the asset acquired and amortized over the remaining useful life of the underlying asset. In February 2020, the Company made the first installment payment of €2.4 million ($2.6 million), which is included in cash flows from investing activities in the consolidated statement of cash flows for the six months ended July 3, 2020. There were no other changes in the fair value of the contingent consideration during the six months ended July 3, 2020. Summary by Fair Value Hierarchy The following table summarizes the fair values of the Company’s assets and liabilities measured at fair value on a recurring basis as of July 3, 2020 (in thousands): Quoted Prices in Significant Other Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) Assets Cash equivalents $ 5,585 $ 5,585 $ — $ — Prepaid expenses and other current assets: Foreign currency forward contracts 133 — 133 — $ 5,718 $ 5,585 $ 133 $ — Liabilities Accrued expenses and other current liabilities: Contingent considerations - Current $ 6,758 $ — $ — $ 6,758 Foreign currency forward contracts 4 — 4 — Other liabilities: Contingent considerations - Long-term 9,852 — — 9,852 $ 16,614 $ — $ 4 $ 16,610 The following table summarizes the fair values of the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 (in thousands): Quoted Prices in Significant Other Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) Assets Cash equivalents $ 9,262 $ 9,262 $ — $ — Prepaid expenses and other current assets: Foreign currency forward contracts 50 — 50 — $ 9,312 $ 9,262 $ 50 $ — Liabilities Accrued expenses and other current liabilities: Contingent considerations - Current $ 3,813 $ — $ — $ 3,813 Foreign currency forward contracts 99 — 99 — Other liabilities: Contingent considerations - Long-term 16,504 — — 16,504 $ 20,416 $ — $ 99 $ 20,317 Changes in the fair value of Level 3 contingent considerations during the six months ended July 3, 2020 were as follows (in thousands): Contingent Considerations Balance at December 31, 2019 $ 20,317 Payments (3,767 ) Effect of foreign exchange rates 60 Balance at July 3, 2020 $ 16,610 The following table provides qu ali tative information associated with the fair value measurement of the Company’s Level 3 liabilities: Liability July 3, 2020 Fair Value (in thousands) Valuation Technique Unobservable Inputs Percentage Applied Contingent consideration (ARGES) $7,932 Monte Carlo method Historical and projected revenues from August 2019 through December 2026 N/A Revenue volatility 36.0% Cost of debt 1.4% Discount rate 7.3% Contingent consideration (Ingenia) $5,544 Monte Carlo method Historical and projected revenues from April 2019 through March 2022 N/A Revenue volatility 36.0% Cost of debt 0.9% Discount rate 15.3% Contingent consideration (Other) $3,134 Discounted cash flow method Historical and projected revenues for fiscal years 2018 to 2021 N/A Revenue discount rate 22.8% Increases or decreases in the unobservable inputs noted above would result in a higher or lower fair value measurement. See Note 10 to Consolidated Financial Statements for a discussion of the estimated fair value of the Company’s outstanding debt.

Foreign Currency Contracts

Foreign Currency Contracts	6 Months Ended
	Jul. 03, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Foreign Currency Contracts	7. Foreign Currency Contracts The Company addresses market risks from changes in foreign currency exchange rates through a risk management program that includes the use of derivative financial instruments to mitigate certain foreign currency transaction exposures from future settlement of non-functional currency monetary assets and liabilities as of the end of a period. The Company does not enter into derivative transactions for speculative purposes. Gains and losses on derivative financial instruments substantially offset losses and gains on the underlying hedged exposures. Furthermore, the Company manages its exposures to counterparty risks on derivative instruments by entering into contracts with a diversified group of major financial institutions and by actively monitoring outstanding positions. As of July 3, 2020, the aggregate notional amount and fair value of the Company’s foreign currency forward contracts was $26.7 million and a net gain of $0.1 million, respectively. As of December 31, 2019, the aggregate notional amount and fair value of the Company’s foreign currency forward contracts was $12.4 million and a net loss of less than $0.1 million, respectively. The Company recognized an aggregate net gain of $0.7 million and $0.4 million for the three and six months ended July 3, 2020, respectively, and an aggregate net gain of $0.9 million and $0.4 million for the three and six months ended June 28, 2019, respectively. These amounts were included in foreign exchange transaction gains (losses) in the consolidated statement of operations for all periods presented.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jul. 03, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	8. Goodwill and Intangible Assets Goodwill Goodwill is recorded when the consideration for a business combination exceeds the fair value of net tangible and identifiable intangible assets acquired. The Company tests its goodwill balances for impairment annually as of the beginning of the second quarter or more frequently if indicators are present or changes in circumstances suggest that an impairment may exist. The Company performed the most recent annual goodwill and indefinite-lived intangible asset impairment test as of the beginning of the second quarter of 2020 and noted no impairment. The following table summarizes changes in goodwill during the six months ended July 3, 2020 (in thousands): Balance at beginning of the period $ 274,710 Net working capital adjustments from a prior-year acquisition 1,118 Effect of foreign exchange rate changes (2,011 ) Balance at end of the period $ 273,817 Goodwill by reportable segment as of July 3, 2020 was as follows (in thousands): Reportable Segment Photonics Vision Precision Motion Total Goodwill $ 212,876 $ 160,320 $ 51,850 $ 425,046 Accumulated impairment of goodwill (102,461 ) (31,722 ) (17,046 ) (151,229 ) Total $ 110,415 $ 128,598 $ 34,804 $ 273,817 Goodwill by reportable segment as of December 31, 2019 was as follows (in thousands): Reportable Segment Photonics Vision Precision Motion Total Goodwill $ 213,413 $ 160,086 $ 52,440 $ 425,939 Accumulated impairment of goodwill (102,461 ) (31,722 ) (17,046 ) (151,229 ) Total $ 110,952 $ 128,364 $ 35,394 $ 274,710 Intangible Assets Intangible assets as of July 3, 2020 and December 31, 2019, respectively, are summarized as follows (in thousands): July 3, 2020 December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Amount Accumulated Amortization Net Carrying Amount Amortizable intangible assets: Patents and developed technologies $ 158,055 $ (102,368 ) $ 55,687 $ 159,217 $ (97,523 ) $ 61,694 Customer relationships 160,216 (83,978 ) 76,238 161,807 (78,206 ) 83,601 Customer backlog — — — 2,316 (2,316 ) — Trademarks and trade names 17,663 (10,445 ) 7,218 17,871 (10,018 ) 7,853 Amortizable intangible assets 335,934 (196,791 ) 139,143 341,211 (188,063 ) 153,148 Non-amortizable intangible assets: Trade names 13,027 — 13,027 13,027 — 13,027 Totals $ 348,961 $ (196,791 ) $ 152,170 $ 354,238 $ (188,063 ) $ 166,175 All definite-lived intangible assets are amortized either on a straight-line basis or an economic benefit basis over their remaining estimated useful life. Amortization expense for patents and developed technologies is included in cost of revenue in the accompanying consolidated statements of operations . Amortization expense for customer relationships and definite-lived trademarks, trade names and other intangibles is included in operating expenses in the accompanying consolidated statements of operations. Amortizat ion expense was as follows (in thousands): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Amortization expense – cost of revenue $ 2,716 $ 2,446 $ 5,450 $ 4,757 Amortization expense – operating expenses 3,410 3,772 6,855 7,770 Total amortization expense $ 6,126 $ 6,218 $ 12,305 $ 12,527 Estimated amortization expense for each of the five succeeding years and thereafter as of July 3, 2020 was as follows (in thousands): Year Ending December 31, Cost of Revenue Operating Expenses Total 2020 (remainder of year) $ 5,501 $ 6,896 $ 12,397 2021 11,220 13,511 24,731 2022 9,613 12,712 22,325 2023 8,449 11,058 19,507 2024 6,285 9,127 15,412 Thereafter 14,619 30,152 44,771 Total $ 55,687 $ 83,456 $ 139,143

Supplementary Balance Sheet Inf

Supplementary Balance Sheet Information	6 Months Ended
	Jul. 03, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Supplementary Balance Sheet Information	9. Supplementary Balance Sheet Information The following tables provide the details of selected balance sheet items as of the periods indicated (in thousands): Inventories July 3, December 31, 2020 2019 Raw materials $ 64,510 $ 76,268 Work-in-process 16,760 15,096 Finished goods 24,317 23,431 Demo and consigned inventory 1,793 1,823 Total inventories $ 107,380 $ 116,618 Accrued Expenses and Other Current Liabilities July 3, December 31, 2020 2019 Accrued compensation and benefits $ 9,941 $ 15,359 Accrued warranty 5,084 5,756 Contract liabilities, current portion 4,235 3,219 Deferred purchase price for acquisitions 22,535 27,735 Finance lease obligations 9,263 1,307 Other 17,073 16,950 Total $ 68,131 $ 70,326 Accrued Warranty Six Months Ended July 3, June 28, 2020 2019 Balance at beginning of the period $ 5,756 $ 4,510 Provision charged to cost of revenue 1,166 1,477 Warranty liabilities from acquisitions — 78 Use of provision (1,798 ) (1,167 ) Foreign currency exchange rate changes (40 ) (8 ) Balance at end of the period $ 5,084 $ 4,890 Other Long Term Liabilities July 3, December 31, 2020 2019 Finance lease obligations $ 6,194 $ 14,845 Accrued pension liabilities 654 1,473 Accrued contingent considerations 9,852 16,504 Other 6,635 4,065 Total $ 23,335 $ 36,887

Debt

Debt	6 Months Ended
	Jul. 03, 2020
Debt Disclosure [Abstract]
Debt	10. Debt Debt consisted of the following (in thousands): July 3, December 31, 2020 2019 Senior Credit Facilities – term loan $ 5,094 $ 5,073 Less: unamortized debt issuance costs (40 ) (42 ) Total current portion of long-term debt $ 5,054 $ 5,031 Senior Credit Facilities – term loan $ 93,959 $ 96,095 Senior Credit Facilities – revolving credit facility 122,903 123,384 Less: unamortized debt issuance costs (4,916 ) (4,145 ) Total long-term debt $ 211,946 $ 215,334 Total Senior Credit Facilities $ 217,000 $ 220,365 Senior Credit Facilities On December 31, 2019, the Company entered into an amended and restated credit agreement (the “Third Amended and Restated Credit Agreement”) with existing lenders for an aggregate credit facility of $450.0 million, consisting of a $100.0 million U.S. dollar equivalent euro-denominated (approximately €90.2 million) 5-year term loan facility and a $350.0 million 5-year revolving credit facility (collectively, the “Senior Credit Facilities”). The Senior Credit Facilities mature in December 2024 and included an uncommitted “accordion” feature pursuant to which the commitments under the revolving credit facility may be increased by an additional $200.0 million in aggregate, subject to certain customary conditions. On March 27, 2020, the Company entered into an amendment (the “First Amendment”) to the Third Amended and Restated Credit Agreement The outstanding principal balance under the term loan facility is payable in quarterly installments of €1.1 million beginning in March 2020, with the remaining balance due upon maturity. The Company may make additional principal payments at any time, which will reduce the next quarterly installment payment due. Borrowings under the revolving credit facility may be repaid at any time through December 2024. The Company repaid €2.3 million ($2.5 million) of its term loan during the six months ended July 3, 2020. The Company is required to satisfy certain financial and non-financial covenants under the Third Amended and Restated Credit Agreement. The Third Amended and Restated Credit Agreement also contains customary events of default. The Company was in compliance with these covenants as of July 3, 2020. Liens The Company’s obligations under the Senior Credit Facilities are secured, on a senior basis, by a lien on substantially all of the assets of Novanta Inc. Fair Value of Debt As of July 3, 2020 and December 31, 2019, the outstanding balance of the Company’s debt approximated its fair value based on current rates available to the Company for debt of similar maturities. The fair value of the Company’s debt is classified as Level 2 under the fair value hierarchy.

Leases

Leases	6 Months Ended
	Jul. 03, 2020
Leases [Abstract]
Leases	11. Leases Most leases held by the Company expire between 2020 and 2034. In the U.K., where longer lease terms are more common, the Company has a land lease that extends through 2078. Certain leases include terms such as an option to purchase the property, one or more options to renew, with renewal terms that can extend the lease term from one to 10 years, and options to terminate the leases within one year. The exercise of lease renewal or termination options is at the Company’s sole discretion; therefore, the majority of renewals to extend the lease terms are not included in the Company’s right-of-use assets and operating lease liabilities as they are not reasonably certain of being exercised. The Company regularly evaluates the renewal options and includes the renewal periods in the lease term when they are reasonably certain of being exercised. The depreciable lives of the right-of-use assets and leasehold improvements are limited to the expected lease terms. The following table summarizes the components of lease costs (in thousands): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Operating lease cost $ 1,870 $ 2,042 $ 3,907 $ 3,865 Finance lease cost Amortization of right-of-use assets 247 177 495 355 Interest on lease liabilities 108 101 218 206 Variable lease cost 344 408 723 546 Total lease cost $ 2,569 $ 2,728 $ 5,343 $ 4,972 The following table provides additional details of balance sheet information related to the Company’s leases (in thousands, except lease term and discount rate): July 3, December 31, 2020 2019 Operating leases Operating lease right-of-use assets $ 34,300 $ 35,180 Current portion of operating lease liabilities $ 4,875 $ 5,043 Operating lease liabilities 33,400 34,108 Total operating lease liabilities $ 38,275 $ 39,151 Finance leases Property, plant and equipment, gross $ 19,822 $ 19,748 Accumulated depreciation (5,215 ) (4,649 ) Finance lease assets included in property, plant and equipment, net $ 14,607 $ 15,099 Accrued expenses and other current liabilities $ 9,263 $ 1,307 Other liabilities 6,194 14,845 Total finance lease liabilities $ 15,457 $ 16,152 Weighted-average remaining lease term (in years) Operating leases 9.8 10.2 Finance leases 4.2 4.7 Weighted-average discount rate Operating leases 5.58 % 5.60 % Finance leases 3.07 % 3.09 % The following table provides additional details of cash flow information related to the Company’s leases (in thousands): Six Months Ended July 3, June 28, 2020 2019 Cash paid for amounts included in lease liabilities: Operating cash flows from finance leases $ 218 $ 294 Operating cash flows from operating leases $ 3,993 $ 4,264 Financing cash flows from finance leases $ 680 $ 283 Supplemental non-cash information: Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,164 $ 5,471 Future minimum lease payments under operating and finance leases expiring subsequent to July 3, 2020, including operating leases associated with facilities that have been vacated as a result of the Company’s restructuring actions, are summarized as follows (in thousands): Year Ending December 31, Operating Lease Finance Lease (1) 2020 (remainder of year) $ 2,842 $ 788 2021 6,929 9,314 2022 6,036 907 2023 5,091 930 2024 4,559 954 Thereafter 25,975 4,440 Total minimum lease payments 51,432 17,333 Less: Interest (13,157 ) (1,876 ) Present value of lease liabilities $ 38,275 $ 15,457 (1) Future minimum lease payments under finance leases include the exercise price of an option to purchase a facility in Germany in 2021.

Common Shares and Share-Based C

Common Shares and Share-Based Compensation	6 Months Ended
	Jul. 03, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Common Shares and Share-Based Compensation	12. Common Shares and Share-Based Compensation Common Share Repurchases In October 2018, the Company’s Board of Directors approved a share repurchase plan (the “2018 Repurchase Plan”) authorizing the repurchase of $25.0 million worth of the Company’s common shares. During the six months ended July 3, 2020, the Company repurchased 65 thousand shares for an aggregate purchase price of $5.5 million at an average price of $84.55 per share under the 2018 Repurchase Plan. In February 2020, the Company’s Board of Directors approved a new share repurchase plan (the “2020 Repurchase Plan”) authorizing the repurchase of an additional $50.0 million worth of the Company’s common shares. As of July 3, 2020, the Company had $59.5 million available under the 2018 and 2020 share repurchase plans for future share repurchases. In an effort to preserve cash in light of the economic slowdown caused by the COVID-19 pandemic, the Company has temporarily suspended repurchases under the share repurchase plans since April 2020. Share-Based Compensation Expense The table below summarizes share-based compensation expense recorded in the consolidated statements of operations (in thousands): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Selling, general and administrative $ 3,162 $ 2,089 $ 5,960 $ 4,620 Research and development and engineering 861 184 1,054 295 Cost of revenue 1,388 105 1,596 190 Restructuring, acquisition, and related costs 237 — 237 — Total share-based compensation expense $ 5,648 $ 2,378 $ 8,847 $ 5,105 Share-based compensation reported in selling, general and administrative expenses included expenses related to restricted stock units and deferred stock units granted to the members of the Company’s Board of Directors of $1.0 million and $0.9 million during the six months ended July 3, 2020 and June 28, 2019, respectively. Restricted Stock Units and Deferred Stock Units The Company’s restricted stock units (“RSUs”) have generally been issued with vesting periods ranging from zero to five years and vest based solely on service conditions. Accordingly, the Company recognizes compensation expense on a straight-line basis over the requisite service period. The Company reduces the compensation expense by an estimated forfeiture rate which is based on anticipated forfeitures and historical forfeiture experience. Deferred stock units (“DSUs”) are granted to the members of the Company’s Board of Directors. Compensation expense associated with the DSUs is recognized in full on the date of grant, as the DSUs are fully vested and non-forfeitable upon grant. There were 162 thousand and 187 thousand DSUs outstanding as of July 3, 2020 and December 31, 2019, respectively, which were included in the calculation of weighted average basic shares outstanding for the respective periods. The table below summarizes activities relating to RSUs and DSUs issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the six months ended July 3, 2020: Shares (In thousands) Weighted Average Grant Date Fair Value Unvested at December 31, 2019 453 $ 39.74 Granted 284 $ 84.90 Vested (97 ) $ 51.71 Forfeited (4 ) $ 71.89 Unvested at July 3, 2020 636 $ 58.06 Expected to vest as of July 3, 2020 600 The total fair value of RSUs and DSUs that vested during the six months ended July 3, 2020 was $9.4 million based on the market price of the underlying shares on the date of vesting. Performance Stock Units The Company typically grants two types of performance-based stock awards to certain members of the executive management team: non-GAAP EPS performance-based restricted stock units (“EPS-PSUs”) and relative total shareholder return performance-based restricted stock units (“TSR-PSUs”). Both types of performance-based restricted stock units generally cliff vest on the first day following the end of the three-year The number of common shares to be issued upon settlement following vesting of the EPS-PSUs is determined based on the Company’s cumulative non-GAAP EPS over a three-year performance period against the performance targets established by the Company’s Board of Directors at the time of grant and will be in the range of zero to 200% of the target number of shares. The Company recognizes compensation expense ratably over the performance period based on the number of shares that are deemed probable of vesting at the end of the three-year performance cycle. This probability assessment is performed quarterly and the cumulative effect of a change in the estimated compensation expense, if any, is recognized in the consolidated statement of operations in the period in which such determination is made. The number of shares to be issued upon settlement following vesting of the TSR-PSUs is determined based on the relative market performance of the Company’s common shares compared to the Russell 2000 Index over a three-year The table below summarizes the activities relating to the performance-based awards issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the six months ended July 3, 2020: Shares (1) (In thousands) Weighted Average Grant Date Fair Value Unvested at December 31, 2019 152 $ 57.09 Granted 50 $ 111.47 Performance adjustment (2) 60 $ 28.80 Vested (120 ) $ 28.80 Unvested at July 3, 2020 142 $ 89.05 Expected to vest as of July 3, 2020 158 (1) The unvested PSUs are shown in this table at target, except for the number of shares vested, which reflects the number of shares earned and expected to vest. As of July 3, 2020, the maximum number of PSUs available to be earned was approximately 284 thousand shares. (2) The amount shown represents performance adjustment for performance-based awards granted on February 28, 2017. These units vested at 200% during the six months ended July 3, 2020 based on the achievement of cumulative Non-GAAP EPS and applicable relative TSR performance conditions during the performance period of fiscal years 2017 through 2019. The total fair value of PSUs that vested during the six months ended July 3, 2020 was $10.8 million based on the market price of the underlying shares on the date of vesting. The fair value of the TSR-PSUs at the date of grant was estimated using the Monte Carlo valuation model with the following assumptions: Six Months Ended July 3, 2020 Grant-date stock price $ 96.28 Expected volatility 34.25 % Risk-free interest rate 1.35 % Expected annual dividend yield — Fair value $ 126.65 Stock Options The total intrinsic value of stock options exercised during the six months ended July 3, 2020, based on the difference between market price on the date of exercise and the date of grant, was $1.0 million. The total amount of cash received from the exercise of these stock options was $0.2 million. No stock options were granted during the six months ended July 3, 2020. There were 60 thousand fully-vested stock options outstanding as of July 3, 2020.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 03, 2020
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The Company determines its estimated annual effective tax rate at the end of each interim period based on full-year forecasted pre-tax income and facts known at that time. The estimated annual effective tax rate is applied to the year-to-date pre-tax income at the end of each interim period with the cumulative effect of any changes in the estimated annual effective tax rate being recorded in the fiscal quarter in which the change is determined. The tax effect of significant unusual items is reflected in the period in which they occur. Since the Company is incorporated in Canada, it is required to use Canada’s statutory tax rate of 29.0% in the determination of the estimated annual effective tax rate. The Company maintains a valuation allowance on balances of certain U.S. state net operating losses and certain non-U.S. tax attributes that the Company has determined that it is more likely than not that they will not be realized. A valuation allowance is required when, based upon an assessment of various factors, including recent operating loss history, anticipated future earnings, and prudent and reasonable tax planning strategies, it is more likely than not that some portion of the deferred tax assets will not be realized. I n conjunction with the Company’s ongoing review of its actual results and anticipated future earnings, the Company continuously reassesses the possibility of releasing the valuation allowance currently in place on its deferred tax assets. For the three and six months ended July 3, 2020, the Company recognized a tax benefit of $ million due to the release of a portion of a valuation allowance on deferred tax assets which the Company believes will more likely than not be realized. The Company’s effective tax rate of 0.3% for the three months ended July 3, 2020 differs from the Canadian statutory tax rate of 29.0% primarily due to the mix of income earned in jurisdictions with varying tax rates, estimated deductions for Foreign Derived Intangible Income, U.K. patent box deductions and other tax credits, and a release of a portion of the valuation allowance. For the three months ended July 3, 2020, the valuation allowance release had a benefit of 11.4% on the Company’s effective tax rate. The Company’s effective tax rate of (0%) for the six months ended July 3, 2020 differs from the Canadian statutory tax rate of 29.0% primarily due to the mix of income earned in jurisdictions with varying tax rates, estimated deductions for Foreign Derived Intangible Income, U.K. patent box deductions and other tax credits, windfall tax benefits upon vesting of certain stock-based compensation awards during the period, and a release of a portion of the valuation allowance. For the six months ended July 3, 2020, the windfall tax benefits upon vesting of certain share-based compensation awards and the valuation allowance release had a benefit of 11.2% and 5.7%, respectively, on the Company’s effective tax rate. The Company’s effective tax rate of 19.5% for the three months ended June 28, 2019 differs from the Canadian statutory tax rate of 29.0% primarily due to the mix of income earned in jurisdictions with varying tax rates, estimated deductions for Foreign Derived Intangible Income, and U.K. patent box deductions and other tax credits. The Company’s effective tax rate of 10.3% for the six months ended June 28, 2019 differs from the Canadian statutory tax rate of 29.0% primarily due to the mix of income earned in jurisdictions with varying tax rates, estimated deductions for Foreign Derived Intangible Income, U.K. patent box deductions and other tax credits, and windfall tax benefits upon vesting of certain stock-based compensation awards during the period. For the six months ended June 28, 2019, the windfall tax benefits upon vesting of certain share-based compensation awards had a benefit of 10.6% on the Company’s effective tax rate. On March 27, 2020, the U.S. federal government enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in response to the COVID-19 pandemic. The CARES Act is an emergency economic stimulus package which, among other things, contains numerous provisions concerning income taxes. The CARES Act will not have a material impact on the Company’s income taxes or related disclosures.

Restructuring, Acquisition, and

Restructuring, Acquisition, and Related Costs	6 Months Ended
	Jul. 03, 2020
Restructuring And Related Activities [Abstract]
Restructuring, Acquisition, and Related Costs	14. Restructuring, Acquisition, and Related Costs The following table summarizes restructuring, acquisition, and related costs in the accompanying consolidated statements of operations (in thousands): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 2019 restructuring $ 30 $ 1,965 $ 599 $ 2,932 2018 restructuring 668 169 754 438 Total restructuring charges 698 2,134 1,353 3,370 Acquisition and related charges 1,545 2,179 2,551 2,997 Total restructuring, acquisition, and related costs $ 2,243 $ 4,313 $ 3,904 $ 6,367 2019 Restructuring During the fourth quarter of 2018, the Company implemented a restructuring plan intended to realign operations, reduce costs, achieve operational efficiencies and focus resources on growth initiatives (the “2019 restructuring plan”). During the six months ended July 3, 2020, the Company recorded $0.1 million in severance and related costs, $0.2 million in facility related costs, and other costs of $0.3 million in connection with the 2019 restructuring plan. As of July 3, 2020, the Company incurred cumulative costs related to this restructuring plan totaling $ 8.4 million. T he 2019 restructuring program was substantially completed in the first quarter of 2020 . The following table summarizes restructuring costs associated with the 2019 restructuring program by reportable segment (in thousands): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Photonics $ 8 $ 1,357 $ 211 $ 1,550 Vision 2 306 291 656 Precision Motion 14 147 78 194 Unallocated Corporate and Shared Services 6 155 19 532 Total $ 30 $ 1,965 $ 599 $ 2,932 2018 Restructuring During the second quarter of 2018, the Company initiated a program to integrate manufacturing operations as a result of acquisition activities (the “2018 restructuring plan”). During the six months ended July 3, 2020, the Company recorded $0.8 million in severance and other costs in connection with the 2018 restructuring plan. These costs were reported in the Vision reportable segment. As of July 3, 2020, the Company incurred cumulative costs related to this restructuring plan totaling $3.6 million. The 2018 restructuring program has been substantially completed. Rollforward of Accrued Expenses Related to Restructuring The following table summarizes the accrual activities, by component, related to the Company’s restructuring plans recorded in the accompanying consolidated balance sheets (in thousands): Total Severance Facility Other Balance at December 31, 2019 $ 2,073 $ 1,988 $ — $ 85 Restructuring charges 1,353 820 222 311 Cash payments (1,974 ) (1,542 ) (80 ) (352 ) Non-cash charges and other adjustments (237 ) (237 ) — — Balance at July 3, 2020 $ 1,215 $ 1,029 $ 142 $ 44 Acquisition and Related Charges Acquisition costs in connection with business combinations, including finders’ fees, legal, valuation, and other professional or consulting fees, totaled less than $0.1 million and $0.1 million for the three and six months ended July 3, 2020, respectively, and $1.4 million and $1.6 million for the three and six months ended June 28, 2019, respectively. During the three and six months ended July 3, 2020, we incurred $0.6 million in legal costs related to an arbitration demand in connection with a pre-acquisition contract dispute from a 2019 acquisition. Acquisition and related costs recognized under earn-out agreements in connection with acquisitions totaled $0.9 million and $1.8 million for the three and six months ended July 3, 2020, respectively, and $0.8 million and $1.4 million for the three and six months ended June 28, 2019, respectively. The majority of acquisition and related costs for the three and six months ended July 3, 2020 were included in the Company’s Precision Motion and Vision reportable segments. The majority of acquisition and related costs for the three and six months ended June 28, 2019 were included in the Company’s Precision Motion and Unallocated Corporate and Shared Services reportable segments.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 03, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	15. Commitments and Contingencies Purchase Commitments There have been no material changes to the Company’s purchase commitments since December 31, 2019. Legal Contingencies In April 2020, the Company received notification of an arbitration demand filed with the American Arbitration Association against a business acquired by the Company in June 2019. The arbitration demand was filed by a contract counterparty to a joint product development agreement entered into by the business before Novanta acquired it. The arbitration demand alleges breach of contract and other claims arising out of allegations that the business failed to engage in required marketing activities for the product developed under the joint product development agreement. The claimant is seeking compensatory and punitive damages, lost profits and other relief. The Company believes that the claims are without merit and no amount has been accrued for in the consolidated financial statements. The Company is subject to various other legal proceedings and claims that arise in the ordinary course of business. The Company reviews the status of each significant matter and assesses the potential financial exposure on a quarterly basis. If the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated, the Company accrues a liability for the estimated loss. Significant judgment is required in both the determination of probability and the determination as to whether an exposure is reasonably estimable. Because of uncertainties related to these matters, accruals are based only on the best information available as of the date of the consolidated balance sheet. As additional information becomes available, the Company reassesses the potential liability related to any pending claims and litigations and may revise its estimates. When a material loss contingency is reasonably possible but not probable, the Company does not record a liability, but instead discloses the nature and the amount of the claim, and an estimate of the loss or range of loss, if such an estimate can be made. Legal fees are expensed as incurred. The Company does not believe that the outcome of these claims will have a material adverse effect on its consolidated financial statements but there can be no assurance that any such claims, or any similar claims, would not have a material adverse effect on the consolidated financial statements. Guarantees and Indemnifications In the normal course of its operations, the Company executes agreements that provide for indemnification and guarantees to counterparties in transactions such as business dispositions, sale of assets, sale of products and operating leases. Additionally, the by-laws of the Company require it to indemnify certain current or former directors, officers, and employees of the Company against expenses incurred by them in connection with each proceeding in which they are involved as a result of serving or having served in certain capacities. Indemnification is not available with respect to a proceeding as to which it has been adjudicated that the person did not act in good faith in the reasonable belief that the action was in the best interests of the Company. Certain of the Company’s officers and directors are also a party to indemnification agreements with the Company. These indemnification agreements provide, among other things, that the director and officer shall be indemnified to the fullest extent permitted by applicable law against all expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by such officer or director in connection with any proceeding by reason of his or her relationship with the Company. In addition, the indemnification agreements provide for the advancement of expenses incurred by such director or officer in connection with any proceeding covered by the indemnification agreement, subject to the conditions set forth therein and to the extent such advancement is not prohibited by law. The indemnification agreements also set out the procedures for determining entitlement to indemnification, the requirements relating to notice and defense of claims for which indemnification is sought, the procedures for enforcement of indemnification rights, the limitations on and exclusions from indemnification, and the minimum levels of directors’ and officers’ liability insurance to be maintained by the Company.

Segment Information

Segment Information	6 Months Ended
	Jul. 03, 2020
Segment Reporting [Abstract]
Segment Information	16. Segment Information Reportable Segments The Company’s Chief Operating Decision Maker (“CODM”) utilizes financial information to make decisions about allocating resources and assessing performance for the entire Company. The Company evaluates the performance of, and allocates resources to, its segments based on revenue, gross profit and operating profit. The Company’s reportable segments have been identified based on commonality and adjacency of technologies, applications and customers amongst the Company’s individual product lines. The Company determined that disclosing revenue by specific product was impracticable due to the highly customized and extensive portfolio of technologies offered to customers. Based upon the information provided to the CODM, the Company has determined that it operates in three reportable segments: Photonics, Vision, and Precision Motion. The reportable segments and their principal activities consist of the following: Photonics The Photonics segment designs, manufactures and markets photonics-based solutions, including laser scanning, laser beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products to customers worldwide. The segment serves highly demanding photonics-based applications for advanced industrial processes, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. The vast majority of the segment’s product offerings are sold to OEM customers. The segment sells these products both directly, utilizing a highly technical sales force, and indirectly, through resellers and distributors. Vision The Vision segment designs, manufactures and markets a range of medical grade technologies, including medical insufflators, pumps and related disposables; visualization solutions; wireless, recorder and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification (“RFID”) technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. The vast majority of the segment’s product offerings are sold to OEM customers. The segment sells these products both directly, utilizing a highly technical sales force, and indirectly, through resellers and distributors. Precision Motion The Precision Motion segment designs, manufactures and markets optical and inductive encoders, precision motor and motion control sub-assemblies, servo drives, air bearings, and air bearing spindles to customers worldwide. The vast majority of the segment’s product offerings are sold to OEM customers. The segment sells these products both directly, utilizing a highly technical sales force, and indirectly, through resellers and distributors. Reportable Segment Financial Information 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 Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Revenue Photonics $ 47,803 $ 58,286 $ 102,943 $ 117,511 Vision 64,740 65,895 133,748 131,831 Precision Motion 32,185 30,964 63,505 62,989 Total $ 144,728 $ 155,145 $ 300,196 $ 312,331 Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Gross Profit Photonics $ 20,898 $ 27,308 $ 45,559 $ 54,622 Vision 24,515 25,211 51,090 51,184 Precision Motion 13,834 13,759 27,742 27,280 Unallocated Corporate and Shared Services (545 ) (496 ) (1,244 ) (1,015 ) Total $ 58,702 $ 65,782 $ 123,147 $ 132,071 Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Gross Profit Margin Photonics 43.7 % 46.9 % 44.3 % 46.5 % Vision 37.9 % 38.3 % 38.2 % 38.8 % Precision Motion 43.0 % 44.4 % 43.7 % 43.3 % Total 40.6 % 42.4 % 41.0 % 42.3 % Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Operating Income (Loss) Photonics $ 6,937 $ 11,666 $ 15,852 $ 23,976 Vision 4,665 4,215 10,299 8,772 Precision Motion 6,515 5,983 13,053 11,618 Unallocated Corporate and Shared Services (4,416 ) (6,759 ) (12,253 ) (14,868 ) Total $ 13,701 $ 15,105 $ 26,951 $ 29,498 Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Depreciation and Amortization Expenses Photonics $ 2,790 $ 2,589 $ 5,439 $ 5,210 Vision 5,272 5,197 10,549 10,226 Precision Motion 1,333 1,183 2,686 2,552 Unallocated Corporate and Shared Services 42 71 93 126 Total $ 9,437 $ 9,040 $ 18,767 $ 18,114 Revenue by Geography The Company aggregates geographic revenue based on the customer location where products are shipped. Revenue from these customers was as follows (in thousands): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 United States $ 54,524 $ 62,010 $ 113,729 $ 126,770 Germany 22,148 18,838 45,381 42,315 Rest of Europe 30,713 35,971 63,798 66,741 China 17,472 15,392 32,876 30,500 Rest of Asia-Pacific 17,842 20,702 39,542 41,149 Other 2,029 2,232 4,870 4,856 Total $ 144,728 $ 155,145 $ 300,196 $ 312,331 The majority of revenue from our Photonics , Vision and Precision Motion segments is generated from sales to customers within the United States and Europe. Each segment also generates revenue across the other geographies, with no significant concentration of any segment’s remaining revenue . 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 Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Medical 55 % 55 % 57 % 55 % Advanced Industrial 45 % 45 % 43 % 45 % Total 100 % 100 % 100 % 100 % The majority of revenue from the Photonics and Precision Motion segments is generated from sales to customers in the advanced industrial market. The majority of revenue from the Vision segment is generated from sales to customers in the medical market.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jul. 03, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Novanta Inc. and its subsidiaries (collectively referred to as “Novanta”, the “Company”, “we”, “us”, “our”) is a leading global supplier of core technology solutions that give medical and advanced industrial original equipment manufacturers (“OEMs”) a competitive advantage. Novanta combines deep proprietary technology expertise and competencies in photonics, vision and precision motion with a proven ability to solve complex technical challenges. This enables Novanta to engineer core components and sub-systems that deliver extreme precision and performance, tailored to the customers’ demanding applications. The accompanying unaudited interim consolidated financial statements have been prepared by the Company in United States (“U.S.”) dollars and pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”), the instructions to Form 10-Q and the provisions of Regulation S-X pertaining to interim financial statements. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the U.S. have been condensed or omitted. The interim consolidated financial statements and notes included in this report should be read in conjunction with the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. In the opinion of management, these interim consolidated financial statements include all adjustments and accruals of a normal and recurring nature necessary to fairly state the results of the interim periods presented. The results for interim periods are not necessarily indicative of results to be expected for the full year or for any future periods. The Company’s unaudited interim consolidated financial statements are prepared for each quarterly period ending on the Friday closest to the end of the calendar quarter, with the exception of the fourth quarter which always ends on December 31.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Estimates and assumptions are reviewed on an on-going basis and the effects of revisions are reflected in the period in which such revisions are deemed to be necessary. The Company evaluates its estimates based on historical experience, current conditions, including estimated economic implications of the COVID-19 pandemic, and various other assumptions that it believes are reasonable under the circumstances. The accounting estimates assessed included, but were not limited to, the Company’s allowance for doubtful accounts and credit losses, inventory and related reserves and the carrying value of goodwill and other long-lived assets. While there was not a material change to the consolidated financial statements related to these estimates as of and for the three and six months ended July 3, 2020, the Company’s future assessment of the magnitude and duration of the COVID-19 pandemic, as well as other factors, could result in material impacts to the Company’s consolidated financial statements in future reporting periods.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The following table provides a brief description of recent Accounting Standards Updates (“ASU”) issued by the Financial Accounting Standards Board (“FASB”): Standard Description Effective Date Effect on the Financial Statements or Other Significant Matters In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” ASU 2019-12 simplifies the accounting for income taxes by removing certain exceptions to the general principles of Accounting Standards Codification (“ASC”) 740, including: (i) the exception to the incremental approach for intraperiod tax allocation when there is a loss from continuing operations and income or a gain from other items; (ii) the exception to the requirement to recognize a deferred tax liability for equity method investments when a foreign subsidiary becomes an equity method investment (or vice-versa); and (iii) the exception for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. ASU 2019-12 also simplifies GAAP for other areas of ASC 740 by clarifying and amending the existing guidance. January 1, 2021. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2019-12 on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 requires the measurement of all expected credit losses of financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward looking information to better inform their credit loss estimates. January 1, 2020. The Company adopted ASU 2016-13 during the first quarter of 2020. The adoption of ASU 2016-13 did not have a material impact on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “Reference rate reform (Topic 848): Facilitation of the effects of reference rate reform on financial reporting.” ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. Upon issuance. ASU 2020-04 is elective. The Company is currently evaluating the impact of ASU 2020-04 on its consolidated financial statements.
Revenue Recognition	The Company recognizes revenue when control of promised goods or services is transferred to customers. The transfer of control generally occurs upon shipment when title and risk of loss pass to the customer. The vast majority of the Company’s revenue is generated from the sale of distinct products. Revenue is measured as the amount of consideration the Company expects to receive in exchange for such products, which is generally at contractually stated prices. Sales taxes and value added taxes collected concurrently with revenue generating activities are excluded from revenue . Performance Obligations Substantially all of the Company’s revenue is recognized at a point in time, upon shipment, rather than over time. At the request of its customers, the Company may perform professional services, generally for the maintenance and repair of products previously sold to those customers and for engineering services. Professional services for the maintenance and repair of products are typically short in duration, mostly less than one month, and generally involve a single distinct performance obligation. The related revenue is recognized at a point in time when control transfers to the customer upon completion of professional services. The consideration expected to be received in exchange for such services is typically the contractually stated amount. Certain engineering services are longer in duration and the related revenue is recognized over time, as the Company has a right to consideration from a customer, based on the corresponding value to the customer from the Company’s performance completed to date. Professional services aggregate to less than 3% of the Company’s consolidated revenue. The Company occasionally sells separately priced non-standard/extended warranty services or preventative maintenance plans with the sale of products. The transfer of control over the service plans is over time. The Company recognizes the related revenue ratably over the terms of the service plans. The transaction price of a contract is allocated to each performance obligation based on its relative standalone selling price. Standalone selling prices are generally determined based on the prices charged to customers or using the expected cost plus a margin. Shipping & Handling Costs The Company accounts for shipping and handling activities that occur after the transfer of control over the related goods as fulfillment activities rather than performance obligations. The shipping and handling fees charged to customers are recognized as revenue and the related costs are recorded in cost of revenue at the time of transfer of control. Warranties The Company generally provides warranties for its products. The standard warranty period is typically 12 months to 24 months for the Photonics and Precision Motion segments and 12 months to 36 months for the Vision segment. The standard warranty period for product sales is accounted for under the provisions of ASC 450, “Contingencies,” as the Company has the ability to ascertain the likelihood of the liability and can reasonably estimate the amount of the liability. A provision for the estimated cost related to warranty is recorded as cost of revenue at the time revenue is recognized. The Company’s estimate of costs to service the warranty obligations is based on historical experience and expectations of future conditions. To the extent that the Company’s experience in warranty claims or costs associated with servicing those claims differ from the original estimates, revisions to the estimated warranty liability are recorded at that time, with an offsetting adjustment to cost of revenue. Practical Expedients and Exemptions The Company expenses incremental direct costs of obtaining a contract when incurred if the expected amortization period is one year or less. These costs are recorded within selling, general and administrative expenses in the consolidated statement of operations. The Company does not adjust the promised amount of consideration for the effects of a financing component because the transfer of a promised good to a customer and the customer’s payment for that good are typically one year or less. The Company does not disclose the value of the remaining performance obligation for contracts with an original expected length of one year or less. Contract Liabilities Contract liabilities consist of deferred revenue and advance payments from customers, including amounts that are refundable. These contract liabilities are classified as either current or long-term liabilities in the consolidated balance sheet based on the timing of when the Company expects to recognize the related revenue. As of July 3, 2020 and December 31, 2019, contract liabilities were $4.6 million and $3.6 million, respectively, and are included in accrued expenses and other current liabilities and other liabilities in the accompanying consolidated balance sheets. The increase in the contract liability balance during the six months ended July 3, 2020 is primarily due to cash payments received in advance of satisfying performance obligations, partially offset by $2.6 million of revenue recognized during the period that was included in the contract liability balance at December 31, 2019. Disaggregated Revenue See Note 16 for the Company’s disaggregation of revenue by segment, geography and end market.
Foreign Currency Contracts	Foreign Currency Contracts The Company addresses market risks from changes in foreign currency exchange rates through a risk management program that includes the use of derivative financial instruments to mitigate certain foreign currency transaction exposures from future settlement of non-functional currency monetary assets and liabilities as of the end of a period. The Company does not enter into derivative transactions for speculative purposes. Gains and losses on derivative financial instruments substantially offset losses and gains on the underlying hedged exposures. Furthermore, the Company manages its exposures to counterparty risks on derivative instruments by entering into contracts with a diversified group of major financial institutions and by actively monitoring outstanding positions.
Leases	Most leases held by the Company expire between 2020 and 2034. In the U.K., where longer lease terms are more common, the Company has a land lease that extends through 2078. Certain leases include terms such as an option to purchase the property, one or more options to renew, with renewal terms that can extend the lease term from one to 10 years, and options to terminate the leases within one year. The exercise of lease renewal or termination options is at the Company’s sole discretion; therefore, the majority of renewals to extend the lease terms are not included in the Company’s right-of-use assets and operating lease liabilities as they are not reasonably certain of being exercised. The Company regularly evaluates the renewal options and includes the renewal periods in the lease term when they are reasonably certain of being exercised. The depreciable lives of the right-of-use assets and leasehold improvements are limited to the expected lease terms.

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jul. 03, 2020
ARGES GmbH
Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation	The final purchase price allocation is as follows (in thousands): Amount Cash $ 3,159 Accounts receivable 1,430 Inventories 7,129 Property, plant and equipment 14,095 Intangible assets 24,713 Goodwill 44,162 Other assets 2,244 Total assets acquired 96,932 Accounts payable 2,598 Deferred tax liabilities 6,721 Other liabilities 14,462 Total liabilities assumed 23,781 Total assets acquired, net of liabilities assumed 73,151 Less: cash acquired 3,159 Total purchase price, net of cash acquired $ 69,992

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jul. 03, 2020
Equity [Abstract]
Components of Accumulated Other Comprehensive Loss	Changes in accumulated other comprehensive loss was as follows (in thousands): Total Accumulated Other Cumulative Pension Comprehensive Translation Liability Loss Adjustments Adjustments Balance at December 31, 2019 $ (18,113 ) $ (9,218 ) $ (8,895 ) Other comprehensive income (loss) (4,817 ) (5,308 ) 491 Amounts reclassified from accumulated other comprehensive loss (1) 346 — 346 Balance at July 3, 2020 $ (22,584 ) $ (14,526 ) $ (8,058 ) (1) The amounts reclassified from accumulated other comprehensive loss were included in other income (expense) in the consolidated statements of operations.

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	6 Months Ended
	Jul. 03, 2020
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 Six Months Ended July 3, June 28, July 3, June 28, 2020 (1) 2019 (2) 2020 (1) 2019 (2) Numerators: Consolidated net income $ 11,660 $ 10,380 $ 23,607 $ 22,633 Denominators: Weighted average common shares outstanding— basic 35,137 34,998 35,145 34,981 Dilutive potential common shares 442 505 425 510 Weighted average common shares outstanding— diluted 35,579 35,503 35,570 35,491 Antidilutive potential common shares excluded from above — 36 26 47 Earnings per Common Share: Basic $ 0.33 $ 0.30 $ 0.67 $ 0.65 Diluted $ 0.33 $ 0.29 $ 0.66 $ 0.64 (1) 71 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders are considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of July 3, 2020. (2) 45 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders were considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of June 28, 2019.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 03, 2020
Fair Value Disclosures [Abstract]
Fair Values of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table summarizes the fair values of the Company’s assets and liabilities measured at fair value on a recurring basis as of July 3, 2020 (in thousands): Quoted Prices in Significant Other Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) Assets Cash equivalents $ 5,585 $ 5,585 $ — $ — Prepaid expenses and other current assets: Foreign currency forward contracts 133 — 133 — $ 5,718 $ 5,585 $ 133 $ — Liabilities Accrued expenses and other current liabilities: Contingent considerations - Current $ 6,758 $ — $ — $ 6,758 Foreign currency forward contracts 4 — 4 — Other liabilities: Contingent considerations - Long-term 9,852 — — 9,852 $ 16,614 $ — $ 4 $ 16,610 The following table summarizes the fair values of the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 (in thousands): Quoted Prices in Significant Other Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) Assets Cash equivalents $ 9,262 $ 9,262 $ — $ — Prepaid expenses and other current assets: Foreign currency forward contracts 50 — 50 — $ 9,312 $ 9,262 $ 50 $ — Liabilities Accrued expenses and other current liabilities: Contingent considerations - Current $ 3,813 $ — $ — $ 3,813 Foreign currency forward contracts 99 — 99 — Other liabilities: Contingent considerations - Long-term 16,504 — — 16,504 $ 20,416 $ — $ 99 $ 20,317
Changes in Fair Value of Level 3 Contingent Considerations	Changes in the fair value of Level 3 contingent considerations during the six months ended July 3, 2020 were as follows (in thousands): Contingent Considerations Balance at December 31, 2019 $ 20,317 Payments (3,767 ) Effect of foreign exchange rates 60 Balance at July 3, 2020 $ 16,610
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The following table provides qu ali tative information associated with the fair value measurement of the Company’s Level 3 liabilities: Liability July 3, 2020 Fair Value (in thousands) Valuation Technique Unobservable Inputs Percentage Applied Contingent consideration (ARGES) $7,932 Monte Carlo method Historical and projected revenues from August 2019 through December 2026 N/A Revenue volatility 36.0% Cost of debt 1.4% Discount rate 7.3% Contingent consideration (Ingenia) $5,544 Monte Carlo method Historical and projected revenues from April 2019 through March 2022 N/A Revenue volatility 36.0% Cost of debt 0.9% Discount rate 15.3% Contingent consideration (Other) $3,134 Discounted cash flow method Historical and projected revenues for fiscal years 2018 to 2021 N/A Revenue discount rate 22.8%

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jul. 03, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Changes in Goodwill	The following table summarizes changes in goodwill during the six months ended July 3, 2020 (in thousands): Balance at beginning of the period $ 274,710 Net working capital adjustments from a prior-year acquisition 1,118 Effect of foreign exchange rate changes (2,011 ) Balance at end of the period $ 273,817
Goodwill by Reportable Segment	Goodwill by reportable segment as of July 3, 2020 was as follows (in thousands): Reportable Segment Photonics Vision Precision Motion Total Goodwill $ 212,876 $ 160,320 $ 51,850 $ 425,046 Accumulated impairment of goodwill (102,461 ) (31,722 ) (17,046 ) (151,229 ) Total $ 110,415 $ 128,598 $ 34,804 $ 273,817 Goodwill by reportable segment as of December 31, 2019 was as follows (in thousands): Reportable Segment Photonics Vision Precision Motion Total Goodwill $ 213,413 $ 160,086 $ 52,440 $ 425,939 Accumulated impairment of goodwill (102,461 ) (31,722 ) (17,046 ) (151,229 ) Total $ 110,952 $ 128,364 $ 35,394 $ 274,710
Intangible Assets	Intangible assets as of July 3, 2020 and December 31, 2019, respectively, are summarized as follows (in thousands): July 3, 2020 December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Amount Accumulated Amortization Net Carrying Amount Amortizable intangible assets: Patents and developed technologies $ 158,055 $ (102,368 ) $ 55,687 $ 159,217 $ (97,523 ) $ 61,694 Customer relationships 160,216 (83,978 ) 76,238 161,807 (78,206 ) 83,601 Customer backlog — — — 2,316 (2,316 ) — Trademarks and trade names 17,663 (10,445 ) 7,218 17,871 (10,018 ) 7,853 Amortizable intangible assets 335,934 (196,791 ) 139,143 341,211 (188,063 ) 153,148 Non-amortizable intangible assets: Trade names 13,027 — 13,027 13,027 — 13,027 Totals $ 348,961 $ (196,791 ) $ 152,170 $ 354,238 $ (188,063 ) $ 166,175
Amortization Expense of Intangible Assets	Amortizat ion expense was as follows (in thousands): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Amortization expense – cost of revenue $ 2,716 $ 2,446 $ 5,450 $ 4,757 Amortization expense – operating expenses 3,410 3,772 6,855 7,770 Total amortization expense $ 6,126 $ 6,218 $ 12,305 $ 12,527
Estimated Amortization Expense	Estimated amortization expense for each of the five succeeding years and thereafter as of July 3, 2020 was as follows (in thousands): Year Ending December 31, Cost of Revenue Operating Expenses Total 2020 (remainder of year) $ 5,501 $ 6,896 $ 12,397 2021 11,220 13,511 24,731 2022 9,613 12,712 22,325 2023 8,449 11,058 19,507 2024 6,285 9,127 15,412 Thereafter 14,619 30,152 44,771 Total $ 55,687 $ 83,456 $ 139,143

Supplementary Balance Sheet I_2

Supplementary Balance Sheet Information (Tables)	6 Months Ended
	Jul. 03, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Inventories	Inventories July 3, December 31, 2020 2019 Raw materials $ 64,510 $ 76,268 Work-in-process 16,760 15,096 Finished goods 24,317 23,431 Demo and consigned inventory 1,793 1,823 Total inventories $ 107,380 $ 116,618
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities July 3, December 31, 2020 2019 Accrued compensation and benefits $ 9,941 $ 15,359 Accrued warranty 5,084 5,756 Contract liabilities, current portion 4,235 3,219 Deferred purchase price for acquisitions 22,535 27,735 Finance lease obligations 9,263 1,307 Other 17,073 16,950 Total $ 68,131 $ 70,326
Accrued Warranty	Accrued Warranty Six Months Ended July 3, June 28, 2020 2019 Balance at beginning of the period $ 5,756 $ 4,510 Provision charged to cost of revenue 1,166 1,477 Warranty liabilities from acquisitions — 78 Use of provision (1,798 ) (1,167 ) Foreign currency exchange rate changes (40 ) (8 ) Balance at end of the period $ 5,084 $ 4,890
Other Long Term Liabilities	Other Long Term Liabilities July 3, December 31, 2020 2019 Finance lease obligations $ 6,194 $ 14,845 Accrued pension liabilities 654 1,473 Accrued contingent considerations 9,852 16,504 Other 6,635 4,065 Total $ 23,335 $ 36,887

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 03, 2020
Debt Disclosure [Abstract]
Debt	Debt consisted of the following (in thousands): July 3, December 31, 2020 2019 Senior Credit Facilities – term loan $ 5,094 $ 5,073 Less: unamortized debt issuance costs (40 ) (42 ) Total current portion of long-term debt $ 5,054 $ 5,031 Senior Credit Facilities – term loan $ 93,959 $ 96,095 Senior Credit Facilities – revolving credit facility 122,903 123,384 Less: unamortized debt issuance costs (4,916 ) (4,145 ) Total long-term debt $ 211,946 $ 215,334 Total Senior Credit Facilities $ 217,000 $ 220,365

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 03, 2020
Leases [Abstract]
Summary of Components of Lease Costs	The following table summarizes the components of lease costs (in thousands): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Operating lease cost $ 1,870 $ 2,042 $ 3,907 $ 3,865 Finance lease cost Amortization of right-of-use assets 247 177 495 355 Interest on lease liabilities 108 101 218 206 Variable lease cost 344 408 723 546 Total lease cost $ 2,569 $ 2,728 $ 5,343 $ 4,972
Summary of Balance Sheet Information Related to Leases	The following table provides additional details of balance sheet information related to the Company’s leases (in thousands, except lease term and discount rate): July 3, December 31, 2020 2019 Operating leases Operating lease right-of-use assets $ 34,300 $ 35,180 Current portion of operating lease liabilities $ 4,875 $ 5,043 Operating lease liabilities 33,400 34,108 Total operating lease liabilities $ 38,275 $ 39,151 Finance leases Property, plant and equipment, gross $ 19,822 $ 19,748 Accumulated depreciation (5,215 ) (4,649 ) Finance lease assets included in property, plant and equipment, net $ 14,607 $ 15,099 Accrued expenses and other current liabilities $ 9,263 $ 1,307 Other liabilities 6,194 14,845 Total finance lease liabilities $ 15,457 $ 16,152 Weighted-average remaining lease term (in years) Operating leases 9.8 10.2 Finance leases 4.2 4.7 Weighted-average discount rate Operating leases 5.58 % 5.60 % Finance leases 3.07 % 3.09 %
Summary of Cash Flow Information Related to Leases	The following table provides additional details of cash flow information related to the Company’s leases (in thousands): Six Months Ended July 3, June 28, 2020 2019 Cash paid for amounts included in lease liabilities: Operating cash flows from finance leases $ 218 $ 294 Operating cash flows from operating leases $ 3,993 $ 4,264 Financing cash flows from finance leases $ 680 $ 283 Supplemental non-cash information: Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,164 $ 5,471
Future Minimum Lease Payments Under Operating and Finance Leases	Future minimum lease payments under operating and finance leases expiring subsequent to July 3, 2020, including operating leases associated with facilities that have been vacated as a result of the Company’s restructuring actions, are summarized as follows (in thousands): Year Ending December 31, Operating Lease Finance Lease (1) 2020 (remainder of year) $ 2,842 $ 788 2021 6,929 9,314 2022 6,036 907 2023 5,091 930 2024 4,559 954 Thereafter 25,975 4,440 Total minimum lease payments 51,432 17,333 Less: Interest (13,157 ) (1,876 ) Present value of lease liabilities $ 38,275 $ 15,457 (1) Future minimum lease payments under finance leases include the exercise price of an option to purchase a facility in Germany in 2021.

Common Shares and Share-Based_2

Common Shares and Share-Based Compensation (Tables)	6 Months Ended
	Jul. 03, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-Based Compensation Expense Recorded in the Consolidated Statements of Operations	The table below summarizes share-based compensation expense recorded in the consolidated statements of operations (in thousands): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Selling, general and administrative $ 3,162 $ 2,089 $ 5,960 $ 4,620 Research and development and engineering 861 184 1,054 295 Cost of revenue 1,388 105 1,596 190 Restructuring, acquisition, and related costs 237 — 237 — Total share-based compensation expense $ 5,648 $ 2,378 $ 8,847 $ 5,105
Schedule of Share Based Payment Award Performance Stock Awards Valuation Assumptions	The fair value of the TSR-PSUs at the date of grant was estimated using the Monte Carlo valuation model with the following assumptions: Six Months Ended July 3, 2020 Grant-date stock price $ 96.28 Expected volatility 34.25 % Risk-free interest rate 1.35 % Expected annual dividend yield — Fair value $ 126.65
Amended and Restated 2010 Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted Stock Units and Deferred Stock Units Issued and Outstanding	The table below summarizes activities relating to RSUs and DSUs issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the six months ended July 3, 2020: Shares (In thousands) Weighted Average Grant Date Fair Value Unvested at December 31, 2019 453 $ 39.74 Granted 284 $ 84.90 Vested (97 ) $ 51.71 Forfeited (4 ) $ 71.89 Unvested at July 3, 2020 636 $ 58.06 Expected to vest as of July 3, 2020 600
Performance-Based Awards Issued and Outstanding	The table below summarizes the activities relating to the performance-based awards issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the six months ended July 3, 2020: Shares (1) (In thousands) Weighted Average Grant Date Fair Value Unvested at December 31, 2019 152 $ 57.09 Granted 50 $ 111.47 Performance adjustment (2) 60 $ 28.80 Vested (120 ) $ 28.80 Unvested at July 3, 2020 142 $ 89.05 Expected to vest as of July 3, 2020 158 (1) The unvested PSUs are shown in this table at target, except for the number of shares vested, which reflects the number of shares earned and expected to vest. As of July 3, 2020, the maximum number of PSUs available to be earned was approximately 284 thousand shares. (2) The amount shown represents performance adjustment for performance-based awards granted on February 28, 2017. These units vested at 200% during the six months ended July 3, 2020 based on the achievement of cumulative Non-GAAP EPS and applicable relative TSR performance conditions during the performance period of fiscal years 2017 through 2019.

Restructuring, Acquisition, a_2

Restructuring, Acquisition, and Related Costs (Tables)	6 Months Ended
	Jul. 03, 2020
Restructuring And Related Activities [Abstract]
Schedule of Restructuring, Acquisition and Related Costs	The following table summarizes restructuring, acquisition, and related costs in the accompanying consolidated statements of operations (in thousands): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 2019 restructuring $ 30 $ 1,965 $ 599 $ 2,932 2018 restructuring 668 169 754 438 Total restructuring charges 698 2,134 1,353 3,370 Acquisition and related charges 1,545 2,179 2,551 2,997 Total restructuring, acquisition, and related costs $ 2,243 $ 4,313 $ 3,904 $ 6,367
Summary of Restructuring Charges by Reportable Segment	The following table summarizes restructuring costs associated with the 2019 restructuring program by reportable segment (in thousands): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Photonics $ 8 $ 1,357 $ 211 $ 1,550 Vision 2 306 291 656 Precision Motion 14 147 78 194 Unallocated Corporate and Shared Services 6 155 19 532 Total $ 30 $ 1,965 $ 599 $ 2,932
Summary of Accrual Activities by Components Related to Company's Restructuring Plans	The following table summarizes the accrual activities, by component, related to the Company’s restructuring plans recorded in the accompanying consolidated balance sheets (in thousands): Total Severance Facility Other Balance at December 31, 2019 $ 2,073 $ 1,988 $ — $ 85 Restructuring charges 1,353 820 222 311 Cash payments (1,974 ) (1,542 ) (80 ) (352 ) Non-cash charges and other adjustments (237 ) (237 ) — — Balance at July 3, 2020 $ 1,215 $ 1,029 $ 142 $ 44

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 03, 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 Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Revenue Photonics $ 47,803 $ 58,286 $ 102,943 $ 117,511 Vision 64,740 65,895 133,748 131,831 Precision Motion 32,185 30,964 63,505 62,989 Total $ 144,728 $ 155,145 $ 300,196 $ 312,331 Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Gross Profit Photonics $ 20,898 $ 27,308 $ 45,559 $ 54,622 Vision 24,515 25,211 51,090 51,184 Precision Motion 13,834 13,759 27,742 27,280 Unallocated Corporate and Shared Services (545 ) (496 ) (1,244 ) (1,015 ) Total $ 58,702 $ 65,782 $ 123,147 $ 132,071 Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Gross Profit Margin Photonics 43.7 % 46.9 % 44.3 % 46.5 % Vision 37.9 % 38.3 % 38.2 % 38.8 % Precision Motion 43.0 % 44.4 % 43.7 % 43.3 % Total 40.6 % 42.4 % 41.0 % 42.3 % Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Operating Income (Loss) Photonics $ 6,937 $ 11,666 $ 15,852 $ 23,976 Vision 4,665 4,215 10,299 8,772 Precision Motion 6,515 5,983 13,053 11,618 Unallocated Corporate and Shared Services (4,416 ) (6,759 ) (12,253 ) (14,868 ) Total $ 13,701 $ 15,105 $ 26,951 $ 29,498 Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Depreciation and Amortization Expenses Photonics $ 2,790 $ 2,589 $ 5,439 $ 5,210 Vision 5,272 5,197 10,549 10,226 Precision Motion 1,333 1,183 2,686 2,552 Unallocated Corporate and Shared Services 42 71 93 126 Total $ 9,437 $ 9,040 $ 18,767 $ 18,114
Schedule of Geographic Revenue	The Company aggregates geographic revenue based on the customer location where products are shipped. Revenue from these customers was as follows (in thousands): Three Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 United States $ 54,524 $ 62,010 $ 113,729 $ 126,770 Germany 22,148 18,838 45,381 42,315 Rest of Europe 30,713 35,971 63,798 66,741 China 17,472 15,392 32,876 30,500 Rest of Asia-Pacific 17,842 20,702 39,542 41,149 Other 2,029 2,232 4,870 4,856 Total $ 144,728 $ 155,145 $ 300,196 $ 312,331
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 Six Months Ended July 3, June 28, July 3, June 28, 2020 2019 2020 2019 Medical 55 % 55 % 57 % 55 % Advanced Industrial 45 % 45 % 43 % 45 % Total 100 % 100 % 100 % 100 %

Revenue - Additional Informatio

Revenue - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jul. 03, 2020	Dec. 31, 2019
Revenue [Line Items]
Incremental direct costs of obtaining a contract, practical expedient	true
Effects of a financing component, practical expedient	true
Remaining performance obligation for contracts, optional exemption	true
Adoption of Topic 606
Revenue [Line Items]
Contract liabilities	$ 4.6	$ 3.6
Revenue recognized		$ 2.6
Warranties
Revenue [Line Items]
Standard product warranty description	The Company generally provides warranties for its products. The standard warranty period is typically 12 months to 24 months for the Photonics and Precision Motion segments and 12 months to 36 months for the Vision segment. The standard warranty period for product sales is accounted for under the provisions of ASC 450, “Contingencies,” as the Company has the ability to ascertain the likelihood of the liability and can reasonably estimate the amount of the liability.
Minimum | Photonics and Precision Motion | Warranties
Revenue [Line Items]
Standard warranty period on products	12 months
Minimum | Vision | Warranties
Revenue [Line Items]
Standard warranty period on products	12 months
Maximum | Photonics and Precision Motion | Warranties
Revenue [Line Items]
Standard warranty period on products	24 months
Maximum | Vision | Warranties
Revenue [Line Items]
Standard warranty period on products	36 months
Maximum | Maintenance and Repair of Products
Revenue [Line Items]
Percentage of revenue for professional services	3.00%
Duration of professional services performed under customer contract	1 month

Business Combinations - Additio

Business Combinations - Additional Information (Details) $ / shares in Units, shares in Thousands, $ in Thousands, € in Millions	Jul. 31, 2019USD ($)shares	Jul. 31, 2019EUR (€)shares	Jun. 30, 2020EUR (€)	Dec. 31, 2020EUR (€)	Jul. 03, 2020USD ($)	Dec. 31, 2019USD ($)	Jul. 31, 2019EUR (€)	Jul. 30, 2019$ / shares
Business Acquisition [Line Items]
Purchase price	$ 73,151
Deferred cash consideration					$ 22,535	$ 27,735
ARGES GmbH
Business Acquisition [Line Items]
Percentage of shares acquired	100.00%						100.00%
Purchase price	$ 73,200						€ 65.7
Business acquisition, date of acquisition	Jul. 31, 2019	Jul. 31, 2019
Cash consideration	$ 26,700	€ 24	€ 5
Businesses combination in common shares	$ 10,900	€ 9.8
Business combination number of shares acquired | shares	124	124
Business acquisition, closing market price per share | $ / shares								$ 87.58
Fair value of contingent consideration	$ 7,900						7.1
Deferred cash consideration	$ 27,700						€ 24.8
ARGES GmbH | Forecast
Business Acquisition [Line Items]
Deferred cash consideration | €				€ 20

Summary of Fair Values of Asset

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation (Details) - USD ($) $ in Thousands	Jul. 31, 2019	Jul. 03, 2020	Dec. 31, 2019
Business Combinations [Abstract]
Cash	$ 3,159
Accounts receivable	1,430
Inventories	7,129
Property, plant and equipment	14,095
Intangible assets	24,713
Goodwill	44,162	$ 273,817	$ 274,710
Other assets	2,244
Total assets acquired	96,932
Accounts payable	2,598
Deferred tax liabilities	6,721
Other liabilities	14,462
Total liabilities assumed	23,781
Total assets acquired, net of liabilities assumed	73,151
Less: cash acquired	3,159
Total purchase price, net of cash acquired	$ 69,992

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) $ in Thousands	6 Months Ended
	Jul. 03, 2020USD ($)
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	$ 417,172
Other comprehensive income (loss)	(4,817)
Amounts reclassified from accumulated other comprehensive loss (1)	346	[1]
Ending Balance	431,898
Total Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	(18,113)
Ending Balance	(22,584)
Cumulative Translation Adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	(9,218)
Other comprehensive income (loss)	(5,308)
Ending Balance	(14,526)
Pension Liability Adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	(8,895)
Other comprehensive income (loss)	491
Amounts reclassified from accumulated other comprehensive loss (1)	346	[1]
Ending Balance	$ (8,058)
[1]	The amounts reclassified from accumulated other comprehensive loss were included in other income (expense) in the consolidated statements of operations.

Computation of Basic and Dilute

Computation of Basic and Diluted Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jul. 03, 2020	[1]	Jun. 28, 2019	[2]	Jul. 03, 2020	[1]	Jun. 28, 2019	[2]
Numerators:
Consolidated net income	$ 11,660		$ 10,380		$ 23,607		$ 22,633
Denominators:
Weighted average common shares outstanding—basic	35,137		34,998		35,145		34,981
Dilutive potential common shares	442		505		425		510
Weighted average common shares outstanding— diluted	35,579		35,503		35,570		35,491
Antidilutive potential common shares excluded from above			36		26		47
Earnings per Common Share:
Basic	$ 0.33		$ 0.30		$ 0.67		$ 0.65
Diluted	$ 0.33		$ 0.29		$ 0.66		$ 0.64
[1]	71 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders are considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of July 3, 2020.
[2]	45 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders were considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of June 28, 2019.

Computation of Basic and Dilu_2

Computation of Basic and Diluted Earnings per Common Share (Parenthetical) (Details) - shares shares in Thousands	6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019
EPS Performance-based Restricted Stock Units
Computation Of Earnings Per Share [Line Items]
Contingently issuable shares excluded from calculation of weighted average common shares outstanding	71	45
Laser Quantum | Restricted Stock
Computation Of Earnings Per Share [Line Items]
Contingently issuable shares excluded from calculation of weighted average common shares outstanding	213	213

Fair Value Measurements - Busin

Fair Value Measurements - Business Combination Contingent Consideration - Additional Information (Details)	1 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020EUR (€)	Jul. 03, 2020USD ($)Installment	Jul. 31, 2019USD ($)	Jul. 31, 2019EUR (€)	Apr. 16, 2019USD ($)	Apr. 16, 2019EUR (€)
Business Acquisition [Line Items]
Payment for contingent consideration	$ 1,100,000	€ 1,000,000	$ 1,135,000
ARGES GmbH
Business Acquisition [Line Items]
Undiscounted low range of contingent consideration					€ 0
Undiscounted high range of contingent consideration					10,000,000
Fair value of contingent consideration				$ 7,900,000	€ 7,100,000
Changes in fair value of contingent consideration | $			0
Ingenia-CAT, S.L.
Business Acquisition [Line Items]
Undiscounted low range of contingent consideration							€ 0
Undiscounted high range of contingent consideration							8,000,000
Fair value of contingent consideration						$ 6,600,000	€ 5,800,000
Changes in fair value of contingent consideration | $			$ 0
Number of contingent consideration annual installments | Installment			3

Fair Value Measurements - Asset

Fair Value Measurements - Asset Acquisition Contingent Consideration - Additional Information (Details) $ in Millions	1 Months Ended		6 Months Ended
	Feb. 29, 2020USD ($)	Feb. 29, 2020EUR (€)	Jul. 03, 2020USD ($)Installment	Dec. 14, 2016USD ($)	Dec. 14, 2016EUR (€)
Asset Acquisition Contingent Consideration [Line Items]
Payment for contingent consideration	$ 2.6	€ 2,400,000
Video Signal Processing and Management Technologies
Asset Acquisition Contingent Consideration [Line Items]
Date of Acquisition Agreement			Dec. 14, 2016
Number of contingent consideration annual installments | Installment			4
Undiscounted range of outcomes, minimum | €					€ 0
Undiscounted range of outcomes, maximum				$ 6.6	€ 5,500,000
Fair value of contingent consideration | $			$ 0

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Jul. 03, 2020	Dec. 31, 2019
Liabilities
Contingent considerations - Long-term	$ 9,852	$ 16,504
Fair Value Measurements Recurring
Assets
Cash equivalents	5,585	9,262
Assets, fair value	5,718	9,312
Liabilities
Liabilities, fair value	16,614	20,416
Fair Value Measurements Recurring | Prepaid Expenses and Other Current Assets
Assets
Foreign currency forward contracts	133	50
Fair Value Measurements Recurring | Accrued Expenses and Other Current Liabilities
Liabilities
Contingent considerations - Current	6,758	3,813
Foreign currency forward contracts	4	99
Fair Value Measurements Recurring | Other Liabilities
Liabilities
Contingent considerations - Long-term	9,852	16,504
Fair Value Measurements Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Cash equivalents	5,585	9,262
Assets, fair value	5,585	9,262
Fair Value Measurements Recurring | Significant Other Observable Inputs (Level 2)
Assets
Assets, fair value	133	50
Liabilities
Liabilities, fair value	4	99
Fair Value Measurements Recurring | Significant Other Observable Inputs (Level 2) | Prepaid Expenses and Other Current Assets
Assets
Foreign currency forward contracts	133	50
Fair Value Measurements Recurring | Significant Other Observable Inputs (Level 2) | Accrued Expenses and Other Current Liabilities
Liabilities
Foreign currency forward contracts	4	99
Fair Value Measurements Recurring | Significant Other Unobservable Inputs (Level 3)
Liabilities
Liabilities, fair value	16,610	20,317
Fair Value Measurements Recurring | Significant Other Unobservable Inputs (Level 3) | Accrued Expenses and Other Current Liabilities
Liabilities
Contingent considerations - Current	6,758	3,813
Fair Value Measurements Recurring | Significant Other Unobservable Inputs (Level 3) | Other Liabilities
Liabilities
Contingent considerations - Long-term	$ 9,852	$ 16,504

Fair Value Measurements - Chang

Fair Value Measurements - Changes in Fair Value of Level 3 Contingent Considerations (Details) - Significant Other Unobservable Inputs (Level 3) $ in Thousands	6 Months Ended
	Jul. 03, 2020USD ($)
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 20,317
Payments	(3,767)
Effect of foreign exchange rates	60
Ending balance	$ 16,610

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Measurement Inputs and Valuation Techniques (Details) $ in Thousands, € in Millions	Jul. 03, 2020USD ($)	Jul. 31, 2019USD ($)	Jul. 31, 2019EUR (€)	Apr. 16, 2019USD ($)	Apr. 16, 2019EUR (€)
ARGES GmbH
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration		$ 7,900	€ 7.1
Ingenia-CAT, S.L.
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration				$ 6,600	€ 5.8
Significant Other Unobservable Inputs (Level 3) | ARGES GmbH
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration	$ 7,932
Valuation Technique	novt:ValuationTechniqueMonteCarloMethodMember
Significant Other Unobservable Inputs (Level 3) | ARGES GmbH | Revenue volatility
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Business acquisition, Percentage Applied	36
Significant Other Unobservable Inputs (Level 3) | ARGES GmbH | Cost of debt
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Business acquisition, Percentage Applied	1.4
Significant Other Unobservable Inputs (Level 3) | ARGES GmbH | Discount rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Business acquisition, Percentage Applied	7.3
Significant Other Unobservable Inputs (Level 3) | Other
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration	$ 3,134
Valuation Technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Significant Other Unobservable Inputs (Level 3) | Other | Discount rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset acquisition, Percentage Applied	22.8
Significant Other Unobservable Inputs (Level 3) | Ingenia-CAT, S.L.
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration	$ 5,544
Valuation Technique	novt:ValuationTechniqueMonteCarloMethodMember
Significant Other Unobservable Inputs (Level 3) | Ingenia-CAT, S.L. | Revenue volatility
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Business acquisition, Percentage Applied	36
Significant Other Unobservable Inputs (Level 3) | Ingenia-CAT, S.L. | Cost of debt
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Business acquisition, Percentage Applied	0.9
Significant Other Unobservable Inputs (Level 3) | Ingenia-CAT, S.L. | Discount rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Business acquisition, Percentage Applied	15.3

Foreign Currency Contracts - Ad

Foreign Currency Contracts - Additional Information (Details) - Foreign Currency Forward Contracts - USD ($)	3 Months Ended			6 Months Ended
	Jul. 03, 2020	Dec. 31, 2019	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Derivative [Line Items]
Notional amount of foreign currency forward contracts	$ 26,700,000	$ 12,400,000		$ 26,700,000
Net gain (loss) on foreign currency forward contracts				100,000
Foreign Exchange Transaction Gains (Losses)
Derivative [Line Items]
Net gain (loss) on foreign currency forward contracts	$ 700,000		$ 900,000	$ 400,000	$ 400,000
Maximum
Derivative [Line Items]
Net gain (loss) on foreign currency forward contracts		$ (100,000)

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Details)	3 Months Ended
	Jul. 03, 2020USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Impairment of goodwill and intangible assets	$ 0

Summary of Changes in Goodwill

Summary of Changes in Goodwill (Details) $ in Thousands	6 Months Ended
	Jul. 03, 2020USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Balance at beginning of the period	$ 274,710
Net working capital adjustments from a prior-year acquisition	1,118
Effect of foreign exchange rate changes	(2,011)
Balance at end of the period	$ 273,817

Goodwill By Reportable Segment

Goodwill By Reportable Segment (Details) - USD ($) $ in Thousands	Jul. 03, 2020	Dec. 31, 2019	Jul. 31, 2019
Goodwill [Line Items]
Goodwill	$ 425,046	$ 425,939
Accumulated impairment of goodwill	(151,229)	(151,229)
Total	273,817	274,710	$ 44,162
Photonics
Goodwill [Line Items]
Goodwill	212,876	213,413
Accumulated impairment of goodwill	(102,461)	(102,461)
Total	110,415	110,952
Vision
Goodwill [Line Items]
Goodwill	160,320	160,086
Accumulated impairment of goodwill	(31,722)	(31,722)
Total	128,598	128,364
Precision Motion
Goodwill [Line Items]
Goodwill	51,850	52,440
Accumulated impairment of goodwill	(17,046)	(17,046)
Total	$ 34,804	$ 35,394

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 03, 2020	Dec. 31, 2019
Schedule of Intangible Assets Disclosure [Line Items]
Amortizable intangible assets, gross carrying amount	$ 335,934	$ 341,211
Amortizable intangible assets, accumulated amortization	(196,791)	(188,063)
Amortizable intangible assets, net carrying amount	139,143	153,148
Non-amortizable intangible assets	13,027	13,027
Gross carrying amount	348,961	354,238
Net carrying amount	152,170	166,175
Patents and Developed Technologies
Schedule of Intangible Assets Disclosure [Line Items]
Amortizable intangible assets, gross carrying amount	158,055	159,217
Amortizable intangible assets, accumulated amortization	(102,368)	(97,523)
Amortizable intangible assets, net carrying amount	55,687	61,694
Customer Relationships
Schedule of Intangible Assets Disclosure [Line Items]
Amortizable intangible assets, gross carrying amount	160,216	161,807
Amortizable intangible assets, accumulated amortization	(83,978)	(78,206)
Amortizable intangible assets, net carrying amount	76,238	83,601
Customer Backlog
Schedule of Intangible Assets Disclosure [Line Items]
Amortizable intangible assets, gross carrying amount		2,316
Amortizable intangible assets, accumulated amortization		(2,316)
Trademarks and Trade Names
Schedule of Intangible Assets Disclosure [Line Items]
Amortizable intangible assets, gross carrying amount	17,663	17,871
Amortizable intangible assets, accumulated amortization	(10,445)	(10,018)
Amortizable intangible assets, net carrying amount	$ 7,218	$ 7,853

Amortization Expense of Intangi

Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense – cost of revenue	$ 2,716	$ 2,446	$ 5,450	$ 4,757
Amortization expense – operating expenses	3,410	3,772	6,855	7,770
Total amortization expense	$ 6,126	$ 6,218	$ 12,305	$ 12,527

Estimated Amortization Expense

Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Jul. 03, 2020	Dec. 31, 2019
Finite Lived Intangible Assets [Line Items]
2020 (remainder of year)	$ 12,397
2021	24,731
2022	22,325
2023	19,507
2024	15,412
Thereafter	44,771
Amortizable intangible assets, net carrying amount	139,143	$ 153,148
Cost of Revenue
Finite Lived Intangible Assets [Line Items]
2020 (remainder of year)	5,501
2021	11,220
2022	9,613
2023	8,449
2024	6,285
Thereafter	14,619
Amortizable intangible assets, net carrying amount	55,687
Operating Expenses
Finite Lived Intangible Assets [Line Items]
2020 (remainder of year)	6,896
2021	13,511
2022	12,712
2023	11,058
2024	9,127
Thereafter	30,152
Amortizable intangible assets, net carrying amount	$ 83,456

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 03, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 64,510	$ 76,268
Work-in-process	16,760	15,096
Finished goods	24,317	23,431
Demo and consigned inventory	1,793	1,823
Total inventories	$ 107,380	$ 116,618

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jul. 03, 2020	Dec. 31, 2019	Jun. 28, 2019	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Accrued compensation and benefits	$ 9,941	$ 15,359
Accrued warranty	5,084	5,756	$ 4,890	$ 4,510
Contract liabilities, current portion	4,235	3,219
Deferred purchase price for acquisitions	22,535	27,735
Finance lease obligations	9,263	1,307
Other	17,073	16,950
Total	$ 68,131	$ 70,326

Accrued Warranty (Details)

Accrued Warranty (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019
Product Warranties Disclosures [Abstract]
Balance at beginning of the period	$ 5,756	$ 4,510
Provision charged to cost of revenue	1,166	1,477
Warranty liabilities from acquisitions		78
Use of provision	(1,798)	(1,167)
Foreign currency exchange rate changes	(40)	(8)
Balance at end of the period	$ 5,084	$ 4,890

Other Long Term Liabilities (De

Other Long Term Liabilities (Details) - USD ($) $ in Thousands	Jul. 03, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Finance lease obligations	$ 6,194	$ 14,845
Accrued pension liabilities	654	1,473
Accrued contingent considerations	9,852	16,504
Other	6,635	4,065
Total	$ 23,335	$ 36,887

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Jul. 03, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total current portion of long-term debt	$ 5,054	$ 5,031
Total long-term debt	211,946	215,334
Total Senior Credit Facilities	217,000	220,365
Term Loan
Debt Instrument [Line Items]
Current portion of long-term debt, Gross	5,094	5,073
Long-term debt, Gross	93,959	96,095
Term Loan And Revolving Credit Facility
Debt Instrument [Line Items]
Less: unamortized debt issuance costs	(40)	(42)
Less: unamortized debt issuance costs	(4,916)	(4,145)
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, Gross	$ 122,903	$ 123,384

Debt - Additional Information (

Debt - Additional Information (Details)	Dec. 31, 2019EUR (€)	Jul. 03, 2020USD ($)	Jul. 03, 2020EUR (€)	Jun. 28, 2019USD ($)	Mar. 27, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019EUR (€)
Debt Instrument [Line Items]
Repayment of term loan		$ 2,520,000		$ 16,100,000
Term Loan
Debt Instrument [Line Items]
Repayment of term loan		$ 2,500,000	€ 2,300,000
Third Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 450,000,000
Third Amended and Restated Credit Agreement | First Amendment Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 495,000,000
Increased in line of credit facility					145,000,000
Line of credit facility accordion potential feature					$ 200,000,000
Third Amended and Restated Credit Agreement | Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity						100,000,000	€ 90,200,000
Senior credit facilities maturity period	5 years
Senior credit facilities, maturity month and year	2024-12
Debt instrument, frequency of periodic payment	quarterly
Quarterly installments payable on term loan | €	€ 1,100,000
Third Amended and Restated Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity						350,000,000
Senior credit facilities maturity period	5 years
Senior credit facilities, maturity month and year	2024-12	2024-12	2024-12
Line of credit facility accordion potential feature						$ 200,000,000

Leases - Additional Information

Leases - Additional Information (Details)	6 Months Ended
	Jul. 03, 2020
Lessee Lease Description [Line Items]
Lease renewal terms and termination description	Certain leases include terms such as an option to purchase the property, one or more options to renew, with renewal terms that can extend the lease term from one to 10 years, and options to terminate the leases within one year.
Minimum
Lessee Lease Description [Line Items]
Lease agreement expiration year	2020
Lease renewal terms	1 year
Maximum
Lessee Lease Description [Line Items]
Lease agreement expiration year	2034
Lease renewal terms	10 years
Lease termination period	1 year
Land | Maximum
Lessee Lease Description [Line Items]
Lease agreement expiration year	2078

Summary of Components of Lease

Summary of Components of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Leases [Abstract]
Operating lease cost	$ 1,870	$ 2,042	$ 3,907	$ 3,865
Finance lease cost
Amortization of right-of-use assets	247	177	495	355
Interest on lease liabilities	108	101	218	206
Variable lease cost	344	408	723	546
Total lease cost	$ 2,569	$ 2,728	$ 5,343	$ 4,972

Summary of Balance Sheet Inform

Summary of Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jul. 03, 2020		Dec. 31, 2019
Operating leases
Operating lease right-of-use assets	$ 34,300		$ 35,180
Current portion of operating lease liabilities	4,875		5,043
Operating lease liabilities	33,400		34,108
Total operating lease liabilities	38,275		39,151
Finance leases
Finance lease right-of-use assets gross	19,822		19,748
Finance lease right-of-use assets accumulated depreciation	(5,215)		(4,649)
Finance lease assets included in property, plant and equipment, net	$ 14,607		$ 15,099
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:PropertyPlantAndEquipmentNet		us-gaap:PropertyPlantAndEquipmentNet
Current portion of finance lease liabilities	$ 9,263		$ 1,307
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherAccruedLiabilitiesCurrent		us-gaap:OtherAccruedLiabilitiesCurrent
Noncurrent portion of finance lease liabilities	$ 6,194		$ 14,845
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent		us-gaap:OtherLiabilitiesNoncurrent
Total finance lease liabilities	$ 15,457	[1]	$ 16,152
Weighted-average remaining lease term (in years)
Operating leases	9 years 9 months 18 days		10 years 2 months 12 days
Finance leases	4 years 2 months 12 days		4 years 8 months 12 days
Weighted-average discount rate
Operating leases	5.58%		5.60%
Finance leases	3.07%		3.09%
[1]	Future minimum lease payments under finance leases include the exercise price of an option to purchase a facility in Germany in 2021.

Summary of Cash Flow Informatio

Summary of Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019
Cash paid for amounts included in lease liabilities:
Operating cash flows from finance leases	$ 218	$ 294
Operating cash flows from operating leases	3,993	4,264
Financing cash flows from finance leases	680	283
Supplemental non-cash information:
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 2,164	$ 5,471

Future Minimum Lease Payments U

Future Minimum Lease Payments Under Operating and Finance Leases (Details) - USD ($) $ in Thousands		Jul. 03, 2020		Dec. 31, 2019
Operating Lease
2020 (remainder of year)		$ 2,842
2021		6,929
2022		6,036
2023		5,091
2024		4,559
Thereafter		25,975
Total minimum lease payments		51,432
Less: Interest		(13,157)
Present value of lease liabilities		38,275		$ 39,151
Finance Lease
2020 (remainder of year)	[1]	788
2021	[1]	9,314
2022	[1]	907
2023	[1]	930
2024	[1]	954
Thereafter	[1]	4,440
Total minimum lease payments	[1]	17,333
Less: Interest	[1]	(1,876)
Present value of lease liabilities		$ 15,457	[1]	$ 16,152
[1]	Future minimum lease payments under finance leases include the exercise price of an option to purchase a facility in Germany in 2021.

Common Shares and Share-based_3

Common Shares and Share-based Compensation - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019	Feb. 29, 2020	Dec. 31, 2019	Oct. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Repurchase of common stock			$ 5,500,000	$ 3,339,000
Share-based compensation expense recognized	$ 5,648,000	$ 2,378,000	8,847,000	5,105,000
Selling, General and Administrative Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense recognized	$ 3,162,000	$ 2,089,000	$ 5,960,000	4,620,000
Deferred Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of outstanding shares	162,000		162,000			187,000
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Intrinsic value of stock options exercised			$ 1,000,000
Cash received from exercise of stock options			$ 200,000
Fully-vested stock options outstanding	60,000		60,000
Stock options granted			0
Restricted Stock Units and Deferred Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total fair value of stock units vested			$ 9,400,000
Restricted Stock Units and Deferred Stock Units | Board of Directors | Selling, General and Administrative Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense recognized			$ 1,000,000	$ 900,000
Restricted Stock Units (RSUs) | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			0 years
Restricted Stock Units (RSUs) | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			5 years
EPS Performance-based Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years
EPS Performance-based Restricted Stock Units | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Range of percentage of shares to be issued upon settlement following vesting of target number of shares			0.00%
EPS Performance-based Restricted Stock Units | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Range of percentage of shares to be issued upon settlement following vesting of target number of shares			200.00%
TSR Performance-based Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years
TSR Performance-based Restricted Stock Units | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Range of percentage of shares to be issued upon settlement following vesting of target number of shares			0.00%
TSR Performance-based Restricted Stock Units | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Range of percentage of shares to be issued upon settlement following vesting of target number of shares			200.00%
Performance Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total fair value of stock units vested			$ 10,800,000
2018 Repurchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock repurchase program authorized amount							$ 25,000,000
Shares repurchased			65,000
Repurchase of common stock			$ 5,500,000
Shares repurchased, average cost per share			$ 84.55
2020 Repurchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock repurchase program authorized amount					$ 50,000,000
2018 and 2020 Repurchase Plans
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for share repurchases	$ 59,500,000		$ 59,500,000

Share-Based Compensation Expens

Share-Based Compensation Expense Recorded in the Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 5,648	$ 2,378	$ 8,847	$ 5,105
Selling, general and administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	3,162	2,089	5,960	4,620
Research and development and engineering
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	861	184	1,054	295
Cost of Revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	1,388	$ 105	1,596	$ 190
Restructuring, Acquisition, and Related Costs
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 237		$ 237

Restricted Stock Units and Defe

Restricted Stock Units and Deferred Stock Units Issued and Outstanding (Details) - Amended and Restated 2010 Incentive Plan - Restricted Stock Units and Deferred Stock Units shares in Thousands	6 Months Ended
	Jul. 03, 2020$ / sharesshares
Restricted Stock Units
Unvested, Beginning Balance	453
Granted	284
Vested	(97)
Forfeited	(4)
Unvested, Ending Balance	636
Expected to vest at end of period	600
Weighted Average Grant Date Fair Value
Unvested, Beginning Balance | $ / shares	$ 39.74
Granted | $ / shares	84.90
Vested | $ / shares	51.71
Forfeited | $ / shares	71.89
Unvested, Ending Balance | $ / shares	$ 58.06

Performance-Based Awards Issued

Performance-Based Awards Issued and Outstanding (Details) - Amended and Restated 2010 Incentive Plan - Performance Stock Units shares in Thousands	6 Months Ended
	Jul. 03, 2020$ / sharesshares
Performance-based Awards
Unvested, Beginning Balance	152	[1]
Granted	50	[1]
Performance adjustment	60	[1],[2]
Vested	(120)	[1]
Unvested, Ending Balance	142	[1]
Expected to vest at end of period	158	[1]
Weighted Average Grant Date Fair Value
Unvested, Beginning Balance | $ / shares	$ 57.09
Granted | $ / shares	111.47
Performance adjustment | $ / shares	28.80	[2]
Vested | $ / shares	28.80
Unvested, Ending Balance | $ / shares	$ 89.05
[1]	The unvested PSUs are shown in this table at target, except for the number of shares vested, which reflects the number of shares earned and expected to vest. As of July 3, 2020, the maximum number of PSUs available to be earned was approximately 284 thousand shares.
[2]	The amount shown represents performance adjustment for performance-based awards granted on February 28, 2017. These units vested at 200% during the six months ended July 3, 2020 based on the achievement of cumulative Non-GAAP EPS and applicable relative TSR performance conditions during the performance period of fiscal years 2017 through 2019.

Performance-Based Awards Issu_2

Performance-Based Awards Issued and Outstanding (Parenthetical) (Details) - Amended and Restated 2010 Incentive Plan - Performance Stock Units	6 Months Ended
	Jul. 03, 2020shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum number of PSUs available to be earned	284,000
Vesting percentage	200.00%

Fair Value of TSR Performance-B

Fair Value of TSR Performance-Based Restricted Stock Units Estimated Using Monte-Carol Valuation Model (Details) - TSR Performance-based Restricted Stock Units	6 Months Ended
	Jul. 03, 2020$ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant-date stock price	$ 96.28
Expected volatility	34.25%
Risk-free interest rate	1.35%
Expected annual dividend yield	0.00%
Fair value	$ 126.65

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Income Taxes [Line Items]
Discrete tax benefit	$ 1.3		$ 1.3
Effective tax rate on income from operations	0.30%	19.50%	0.00%	10.30%
Effective tax rate upon valuation allowance release	11.40%		5.70%
Effective tax rate upon vesting of certain share based compensation awards			11.20%	10.60%
Canada Revenue Agency | CANADA
Income Taxes [Line Items]
Statutory tax rate	29.00%	29.00%	29.00%	29.00%

Schedule of Restructuring, Acqu

Schedule of Restructuring, Acquisition and Related Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Restructuring Cost And Reserve [Line Items]
Total restructuring charges	$ 698	$ 2,134	$ 1,353	$ 3,370
Acquisition and related charges	1,545	2,179	2,551	2,997
Total restructuring, acquisition, and related costs	2,243	4,313	3,904	6,367
2019 Restructuring
Restructuring Cost And Reserve [Line Items]
Total restructuring charges	30	1,965	599	2,932
2018 Restructuring
Restructuring Cost And Reserve [Line Items]
Total restructuring charges	$ 668	$ 169	$ 754	$ 438

Restructuring, Acquisition, a_3

Restructuring, Acquisition, and Related Costs - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Restructuring, Acquisition, and Related Costs [Line Items]
Restructuring costs	$ 698	$ 2,134	$ 1,353	$ 3,370
Acquisition and related charges	1,545	2,179	2,551	2,997
Legal costs	600		600
Finders' Fees, Legal, Valuation And Other Professional Or Consulting Fees
Restructuring, Acquisition, and Related Costs [Line Items]
Acquisition and related charges		1,400	100	1,600
Finders' Fees, Legal, Valuation And Other Professional Or Consulting Fees | Maximum
Restructuring, Acquisition, and Related Costs [Line Items]
Acquisition and related charges	100
Earn-out Agreement
Restructuring, Acquisition, and Related Costs [Line Items]
Acquisition and related charges	900	800	$ 1,800	1,400
2019 Restructuring Plan
Restructuring, Acquisition, and Related Costs [Line Items]
Restructuring and related cost description			During the fourth quarter of 2018, the Company implemented a restructuring plan intended to realign operations, reduce costs, achieve operational efficiencies and focus resources on growth initiatives (the “2019 restructuring plan”). During the six months ended July 3, 2020, the Company recorded $0.1 million in severance and related costs, $0.2 million in facility related costs, and other costs of $0.3 million in connection with the 2019 restructuring plan. As of July 3, 2020, the Company incurred cumulative costs related to this restructuring plan totaling $8.4 million. The 2019 restructuring program was substantially completed in the first quarter of 2020
Restructuring costs	30	1,965	$ 599	2,932
Restructuring cumulative costs incurred	8,400		8,400
2019 Restructuring Plan | Vision
Restructuring, Acquisition, and Related Costs [Line Items]
Restructuring costs	2	306	291	656
2019 Restructuring Plan | Severance and Related Costs
Restructuring, Acquisition, and Related Costs [Line Items]
Restructuring costs			100
2019 Restructuring Plan | Facility Costs
Restructuring, Acquisition, and Related Costs [Line Items]
Restructuring costs			200
2019 Restructuring Plan | Other Costs
Restructuring, Acquisition, and Related Costs [Line Items]
Restructuring costs			300
2018 Restructuring Plan
Restructuring, Acquisition, and Related Costs [Line Items]
Restructuring costs	668	$ 169	754	$ 438
Restructuring cumulative costs incurred	$ 3,600		$ 3,600
2018 Restructuring Plan | Vision
Restructuring, Acquisition, and Related Costs [Line Items]
Restructuring and related cost description			During the second quarter of 2018, the Company initiated a program to integrate manufacturing operations as a result of acquisition activities (the “2018 restructuring plan”). During the six months ended July 3, 2020, the Company recorded $0.8 million in severance and other costs in connection with the 2018 restructuring plan. These costs were reported in the Vision reportable segment. As of July 3, 2020, the Company incurred cumulative costs related to this restructuring plan totaling $3.6 million. The 2018 restructuring program has been substantially completed.
2018 Restructuring Plan | Severance and Related Costs | Vision
Restructuring, Acquisition, and Related Costs [Line Items]
Restructuring costs			$ 800

Summary of Restructuring Charge

Summary of Restructuring Charges by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Restructuring Cost And Reserve [Line Items]
Restructuring costs	$ 698	$ 2,134	$ 1,353	$ 3,370
2019 Restructuring
Restructuring Cost And Reserve [Line Items]
Restructuring costs	30	1,965	599	2,932
2019 Restructuring | Photonics
Restructuring Cost And Reserve [Line Items]
Restructuring costs	8	1,357	211	1,550
2019 Restructuring | Vision
Restructuring Cost And Reserve [Line Items]
Restructuring costs	2	306	291	656
2019 Restructuring | Precision Motion
Restructuring Cost And Reserve [Line Items]
Restructuring costs	14	147	78	194
2019 Restructuring | Unallocated Corporate and Shared Services
Restructuring Cost And Reserve [Line Items]
Restructuring costs	$ 6	$ 155	$ 19	$ 532

Summary of Accrual Activities b

Summary of Accrual Activities by Components Related to Company's Restructuring Charges (Details) $ in Thousands	6 Months Ended
	Jul. 03, 2020USD ($)
Restructuring Cost And Reserve [Line Items]
Accrued expense beginning balance	$ 2,073
Restructuring charges	1,353
Cash payments	(1,974)
Non-cash charges and other adjustments	(237)
Accrued expense ending balance	1,215
Severance
Restructuring Cost And Reserve [Line Items]
Accrued expense beginning balance	1,988
Restructuring charges	820
Cash payments	(1,542)
Non-cash charges and other adjustments	(237)
Accrued expense ending balance	1,029
Facility
Restructuring Cost And Reserve [Line Items]
Restructuring charges	222
Cash payments	(80)
Accrued expense ending balance	142
Other Restructuring Charges
Restructuring Cost And Reserve [Line Items]
Accrued expense beginning balance	85
Restructuring charges	311
Cash payments	(352)
Accrued expense ending balance	$ 44

Segment Information - Additiona

Segment Information - Additional Information (Details)	6 Months Ended
	Jul. 03, 2020SegmentEndMarket
Segment Reporting [Abstract]
Number of reportable segments | Segment	3
Number of primary end market segments | EndMarket	2

Revenue, Gross Profit, Gross Pr

Revenue, Gross Profit, Gross Profit Margin and Operating Income (Loss) by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Segment Reporting Information [Line Items]
Revenue	$ 144,728	$ 155,145	$ 300,196	$ 312,331
Gross Profit	$ 58,702	$ 65,782	$ 123,147	$ 132,071
Gross profit margin percentage	40.60%	42.40%	41.00%	42.30%
Operating Income (Loss)	$ 13,701	$ 15,105	$ 26,951	$ 29,498
Operating Segments | Photonics
Segment Reporting Information [Line Items]
Revenue	47,803	58,286	102,943	117,511
Gross Profit	$ 20,898	$ 27,308	$ 45,559	$ 54,622
Gross profit margin percentage	43.70%	46.90%	44.30%	46.50%
Operating Income (Loss)	$ 6,937	$ 11,666	$ 15,852	$ 23,976
Operating Segments | Vision
Segment Reporting Information [Line Items]
Revenue	64,740	65,895	133,748	131,831
Gross Profit	$ 24,515	$ 25,211	$ 51,090	$ 51,184
Gross profit margin percentage	37.90%	38.30%	38.20%	38.80%
Operating Income (Loss)	$ 4,665	$ 4,215	$ 10,299	$ 8,772
Operating Segments | Precision Motion
Segment Reporting Information [Line Items]
Revenue	32,185	30,964	63,505	62,989
Gross Profit	$ 13,834	$ 13,759	$ 27,742	$ 27,280
Gross profit margin percentage	43.00%	44.40%	43.70%	43.30%
Operating Income (Loss)	$ 6,515	$ 5,983	$ 13,053	$ 11,618
Unallocated Corporate and Shared Services
Segment Reporting Information [Line Items]
Gross Profit	(545)	(496)	(1,244)	(1,015)
Operating Income (Loss)	$ (4,416)	$ (6,759)	$ (12,253)	$ (14,868)

Depreciation and Amortization E

Depreciation and Amortization Expenses by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Depreciation and Amortization Expenses
Depreciation and amortization expenses	$ 9,437	$ 9,040	$ 18,767	$ 18,114
Unallocated Corporate and Shared Services
Depreciation and Amortization Expenses
Depreciation and amortization expenses	42	71	93	126
Photonics | Operating Segments
Depreciation and Amortization Expenses
Depreciation and amortization expenses	2,790	2,589	5,439	5,210
Vision | Operating Segments
Depreciation and Amortization Expenses
Depreciation and amortization expenses	5,272	5,197	10,549	10,226
Precision Motion | Operating Segments
Depreciation and Amortization Expenses
Depreciation and amortization expenses	$ 1,333	$ 1,183	$ 2,686	$ 2,552

Schedule of Geographic Revenue

Schedule of Geographic Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Segment Reporting Information [Line Items]
Revenue	$ 144,728	$ 155,145	$ 300,196	$ 312,331
United States
Segment Reporting Information [Line Items]
Revenue	54,524	62,010	113,729	126,770
Germany
Segment Reporting Information [Line Items]
Revenue	22,148	18,838	45,381	42,315
Rest of Europe
Segment Reporting Information [Line Items]
Revenue	30,713	35,971	63,798	66,741
China
Segment Reporting Information [Line Items]
Revenue	17,472	15,392	32,876	30,500
Rest of Asia-Pacific
Segment Reporting Information [Line Items]
Revenue	17,842	20,702	39,542	41,149
Other Countries
Segment Reporting Information [Line Items]
Revenue	$ 2,029	$ 2,232	$ 4,870	$ 4,856

Schedule of Revenue by End Mark

Schedule of Revenue by End Market (Details)	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Segment Reporting Information [Line Items]
Total revenue by end market	100.00%	100.00%	100.00%	100.00%
Advanced Industrial
Segment Reporting Information [Line Items]
Total revenue by end market	45.00%	45.00%	43.00%	45.00%
Medical
Segment Reporting Information [Line Items]
Total revenue by end market	55.00%	55.00%	57.00%	55.00%