XML 51 R44.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Stock Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Stock Plans |
Schedule of share-based compensation expense |
|  | Year ended December 31, |
|  | 2014 |  | 2013 |  | 2012 |
|  |  |  | (in thousands) |  |  |
Cost of sales |  | $ | 2,456 |  | $ | 1,446 |  | $ | 1,467 |
Selling, general, and administrative |  | 11,859 |  | 8,339 |  | 9,677 |
Research and development |  | 4,498 |  | 3,347 |  | 2,709 |
Share-based compensation expense before tax |  | 18,813 |  | 13,132 |  | 13,853 |
Income tax benefit |  | (6,011 | ) | (4,367 | ) | (4,849 | )
Net share-based compensation expense |  | $ | 12,802 |  | $ | 8,765 |  | $ | 9,004 |
Summary of unrecognized share-based compensation costs | The following table summarizes information about unrecognized share-based compensation costs at December 31, 2014:
|  | Unrecognized |  | Weighted |
|  | Share-Based |  | Average Period |
|  | Compensation |  | Expected to be |
|  | Costs |  | Recognized |
|  | (in thousands) |  | (in years) |
Stock option awards |  | $ | 9,939 |  | 2.0 |
Restricted stock units |  | 9,980 |  | 2.5 |
Restricted stock awards |  | 17,501 |  | 2.8 |
Performance share units |  | 2,855 |  | 3.3 |
Performance share awards |  | 152 |  | 0.4 |
Total unrecognized share-based compensation cost |  | $ | 40,427 |  | 2.5 |
Schedule of options, vested and expected to vest | Stock options are awards issued to employees that entitle the holder to purchase shares of the Company’s stock at a fixed price. At December 31, 2014, options outstanding that have vested and are expected to vest were as follows:
|  |  |  |  |  | Weighted |  |  |
|  | Number |  | Weighted |  | Average |  | Aggregate |
|  | of |  | Average |  | Remaining |  | Intrinsic |
|  | Shares |  | Exercise Price |  | Contractual Life |  | Value |
|  | (in thousands) |  |  |  | (in years) |  | (in thousands) |
Vested |  | 1,409 |  | $ | 30.76 |  | 5.2 |  | $ | 10,127 |
Expected to vest |  | 903 |  | $ | 32.93 |  | 7.7 |  | 2,091 |
Total |  | 2,312 |  | $ | 31.61 |  | 6.2 |  | $ | 12,218 |
Summary of stock option awards activity |
|  |  |  | Weighted |
|  | Number of |  | Average |
|  | Shares |  | Exercise Price |
|  | (in thousands) |  |  |
Outstanding at December 31, 2011 |  | 2,106 |  | $ | 25.58 |
Granted |  | 704 |  | 32.55 |
Exercised |  | (351 | ) | 15.39 |
Expired or forfeited |  | (137 | ) | 35.88 |
Outstanding at December 31, 2012 |  | 2,322 |  | $ | 28.63 |
Granted |  | 539 |  | 32.68 |
Exercised |  | (149 | ) | 14.74 |
Expired or forfeited |  | (114 | ) | 35.22 |
Outstanding at December 31, 2013 |  | 2,598 |  | $ | 29.98 |
Granted |  | 509 |  | 33.05 |
Exercised |  | (561 | ) | 23.88 |
Expired or forfeited |  | (155 | ) | 36.22 |
Outstanding at December 31, 2014 |  | 2,391 |  | $ | 31.65 |
Summary of information about stock options outstanding | The following table summarizes stock option information at December 31, 2014:
|  | Options Outstanding |  | Options Exercisable |
|  |  |  |  |  | Weighted |  |  |  |  |  |  |  | Weighted |  |  |
|  |  |  | Aggregate |  | Average |  | Weighted |  |  |  | Aggregate |  | Average |  | Weighted |
Range of |  |  |  | Intrinsic |  | Remaining |  | Average |  |  |  | Intrinsic |  | Remaining |  | Average |
Exercise Prices |  | Shares |  | Value |  | Contractual Life |  | Exercise Price |  | Shares |  | Value |  | Contractual Life |  | Exercise Price |
|  | (in thousands) |  | (in thousands) |  | (in years) |  |  |  | (in thousands) |  | (in thousands) |  | (in years) |  |  |
$8.82 – $17.48 |  | 386 |  | $ | 8,769 |  | 1.3 |  | $ | 12.15 |  | 386 |  | $ | 8,769 |  | 1.3 |  | $ | 12.15 |
$20.80 – $31.45 |  | 347 |  | 1,626 |  | 8.8 |  | 30.20 |  | 125 |  | 616 |  | 8.7 |  | 29.94 |
$31.91 – $48.04 |  | 1,429 |  | 2,000 |  | 6.9 |  | 34.14 |  | 669 |  | 742 |  | 6.4 |  | 34.63 |
$48.90 – $51.70 |  | 229 |  | — |  | 6.4 |  | 51.21 |  | 229 |  | — |  | 6.4 |  | 51.21 |
|  | 2,391 |  | $ | 12,395 |  | 6.2 |  | $ | 31.65 |  | 1,409 |  | $ | 10,127 |  | 5.2 |  | $ | 30.76 |
Assumptions based on which fair value of each option granted was estimated using the Black-Scholes option-pricing model |
|  | Year ended December 31,
|  | 2014 |  | 2013 |  | 2012
Weighted average fair value |  | $ | 11.58 |  | $ | 13.47 |  | $ | 15.56
Dividend yield |  | 0 | % |  | 0 | % |  | 0 | %
Expected volatility factor(1) |  | 44 | % |  | 49 | % |  | 59 | %
Risk-free interest rate(2) |  | 1.19 | % |  | 1.27 | % |  | 0.70 | %
Expected life(in years)(3) |  | 3.9 |  | 4.5 |  | 4.5
| (1) |  | Expected volatility is measured using historical daily price changes of the Company’s stock over the respective expected term of the options and the implied volatility derived from the market prices of the Company’s traded opt ions.
| (2) |  | The risk-free rate for periods within the contractual term of the stock options is based on the U.S. Treasury yield curve in effect at the time of grant.
| (3) |  | The expected life is the number of years the Company estimates that options will be out standing prior to exercise. The Company’s computation of expected life was determined using a lattice-based model incorporating historical post vest exercise and employee termination behavior.
Summary of information on options exercised |
|  | Year ended December 31,
|  | 2014 |  | 2013 |  | 2012
|  |  |  | (in thousands) |  |
Cash received from options exercised |  | $ | 12,056 |  | $ | 2,199 |  | $ | 5,409
Intrinsic value of options exercised |  | $ | 8,390 |  | $ | 2,509 |  | $ | 6,800
Summary of restricted stock awards and restricted stock unit activity |
|  |  |  | Weighted |
|  |  |  | Average |
|  | Number of |  | Grant Date |
|  | Shares |  | Fair Value |
|  | (in thousands) |  |  |
Outstanding at December 31, 2011 |  | 618 |  | $ | 33.61 |
Granted |  | 324 |  | 32.62 |
Released |  | (167 | ) | 20.60 |
Forfeitures |  | (82 | ) | 34.98 |
Outstanding at December 31, 2012 |  | 693 |  | $ | 36.11 |
Granted |  | 798 |  | 33.16 |
Released |  | (207 | ) | 32.44 |
Forfeitures |  | (126 | ) | 34.33 |
Outstanding at December 31, 2013 |  | 1,158 |  | $ | 34.93 |
Granted |  | 395 |  | 34.18 |
Released |  | (183 | ) | 38.65 |
Forfeitures |  | (133 | ) | 33.66 |
Outstanding at December 31, 2014 |  | 1,237 |  | $ | 34.27 |

X
- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the total compensation cost related to nonvested awards not yet recognized and the weighted-average period over which it is expected to be recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | veco_EquityDisclosureAbstract
Namespace Prefix: | veco_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the information pertaining to tabular disclosure of stock options exercised during the period. + References No definition available. + Details
Name: | veco_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExcisedTableTextBlock
Namespace Prefix: | veco_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the information pertaining to Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Table Text Block. + References No definition available. + Details
Name: | veco_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingTableTextBlock
Namespace Prefix: | veco_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration