NOVANTA INC
For the period ended Mar 29, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 29, 2024 · Filed May 7, 2024
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In thousands of U.S. dollars)
| Three Months Ended | ||
|---|---|---|
| March 29, | March 31, | |
| 2024 | 2023 | |
| Net income | $14,676 | $18,265 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments, net of tax (1) | (4,396) | 5,230 |
| Pension liability adjustments, net of tax (2) | 283 | 71 |
| Total other comprehensive income (loss) | (4,113) | 5,301 |
| Total consolidated comprehensive income | $10,563 | $23,566 |
(1)
The tax effect on this component of comprehensive income (loss) was nominal for all periods presented.
(2)
The tax effect on this component of comprehensive income (loss) was nominal for all periods presented. See Note 4 to the Consolidated Financial Statements for the total amount of pension liability adjustments reclassified out of accumulated other comprehensive income (loss).
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