What is Novanta's lease impairment charges?

Novanta (NOVT) reported lease impairment charges of $463.25K in Q4 2023.

What does lease impairment charges mean?

Reflects the non-cash expense recognized when the carrying amount of a right-of-use asset under an operating lease exceeds its recoverable amount. It serves as an indicator of asset underutilization or unfavorable changes in the company's real estate or equipment strategy.

Novanta NOVT Lease impairment charges

Lease impairment charges at other companies

NovantaNOVT

$463.25K—

10x Genomics, Inc.TXG

$0-100%

Henry ScheinHSIC

$0-100%

Tetra TechTTEK

$0—

Lumentum Holdings Inc.LITE

$0-100%

Grand Canyon EducationLOPE

$275.75K—

Other financials

Income statement

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Revenue$257.7M+10.4%

Gross profit$113.6M+8.8%

Operating income$27.5M-15.1%

Net income$21.1M-0.5%

EPS (diluted)$0.51-13.6%

Balance sheet

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Cash & equivalents$388.8M+267%

Total debt$291.3M-34.2%

Total equity$1.3B+70.3%

Total assets$1.8B+29.9%

Cash flow

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Operating cash flow$51.6M+62.9%

CapEx$4.1M-3.4%

Free cash flow$47.5M+73.2%

Valuation

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Market cap$5.53B-8.3%

Profitability

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Gross margin44.2%-0.5pp

Operating margin8.9%-3.5pp

Net margin5.3%-2.1pp

FCF margin6.8%-8.1pp

Returns & leverage

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Return on equity5.2%-4.6pp

Debt / equity0.2×-0.4×

Current ratio3.6×+1.0×

Where this comes from

Reported directly by Novanta in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseImpairmentLoss.

The official record: Novanta’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Novanta's lease impairment charges?: Novanta (NOVT) reported lease impairment charges of $463.25K in Q4 2023.
What does lease impairment charges mean?: Reflects the non-cash expense recognized when the carrying amount of a right-of-use asset under an operating lease exceeds its recoverable amount. It serves as an indicator of asset underutilization or unfavorable changes in the company's real estate or equipment strategy.