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Earnings per Share (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

 

 

Three Months Ended

 

 

March 31,

 

 

April 1,

 

 

2017

 

 

2016

 

Numerators:

 

 

 

 

 

 

 

Income from continuing operations

$

34,274

 

 

$

1,906

 

Less: Net income attributable to noncontrolling interest

 

(22

)

 

 

—

 

Income from continuing operations attributable to Novanta Inc.

 

34,252

 

 

 

1,906

 

Loss from discontinued operations

 

—

 

 

 

—

 

Net income attributable to Novanta Inc.

$

34,252

 

 

$

1,906

 

 

 

 

 

 

 

 

 

Denominators:

 

 

 

 

 

 

 

Weighted average common shares outstanding— basic

 

34,765

 

 

 

34,657

 

Dilutive potential common shares

 

360

 

 

 

196

 

Weighted average common shares outstanding— diluted

 

35,125

 

 

 

34,853

 

Antidilutive common shares excluded from above

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

Basic Earnings per Share:

 

 

 

 

 

 

 

From continuing operations

$

0.99

 

 

$

0.05

 

From discontinued operations

$

—

 

 

$

—

 

Basic earnings per share attributable to Novanta Inc.

$

0.99

 

 

$

0.05

 

 

 

 

 

 

 

 

 

Diluted Earnings per Share:

 

 

 

 

 

 

 

From continuing operations

$

0.98

 

 

$

0.05

 

From discontinued operations

$

—

 

 

$

—

 

Diluted earnings per share attributable to Novanta Inc.

$

0.98

 

 

$

0.05