Business Combinations (Tables)

9 Months Ended

Sep. 28, 2018

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

Based upon a preliminary valuation, the total purchase price was allocated as follows (in thousands):

	Purchase Price
	Allocation
Cash	$	3,776
Accounts receivable		2,237
Inventories		928
Property, plant and equipment		2,590
Intangible assets		14,585
Goodwill		11,649
Other assets		145
Total assets acquired		35,910
Accounts payable		509
Accrued expenses and other liabilities		894
Deferred tax liabilities		2,481
Total liabilities assumed		3,884
Total assets acquired, net of liabilities assumed		32,026
Less: cash acquired		3,776
Total purchase price, net of cash acquired	$	28,250

Fair Value of Intangible Assets

The fair value of intangible assets is comprised of the following (dollar amounts in thousands):

			Weighted Average
	Estimated Fair		Amortization
	Value		Period
Developed technologies	$	3,027	10 years
Customer relationships		9,494	15 years
Trademarks and trade names		550	10 years
Backlog		1,514	1 year
Total	$	14,585

Summary of Unaudited Pro Forma Financial Information

The unaudited pro forma financial information is presented for comparative purposes only and is not necessarily indicative of the results of operations that actually would have been achieved if the acquisition had taken place on January 1, 2016.

	Three Months Ended		Nine Months Ended
	September 29,		September 29,
	2017		2017
Revenue	$	146,296	$	415,134
Consolidated net income	$	12,547	$	56,754
Earnings per share attributable to Novanta Inc. – Basic	$	0.12	$	1.26
Earnings per share attributable to Novanta Inc. – Diluted	$	0.12	$	1.25