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Assets (Tables)
3 Months Ended
Mar. 31, 2016
Assets  
Schedule of portion of Veeco's assets (excluding cash balances) that are measured at fair value on a recurring basis

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(in thousands)

 

March 31, 2016

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

 

$

1,199 

 

$

 

$

1,199 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

1,199 

 

 

1,199 

 

Short-term investments

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

92,765 

 

 

 

92,765 

 

Government agency securities

 

 

9,999 

 

 

9,999 

 

Corporate debt

 

 

2,215 

 

 

2,215 

 

 

 

 

 

 

 

 

 

 

 

Total

 

92,765 

 

12,214 

 

 

104,979 

 

Other

 

 

 

 

 

 

 

 

 

Assets held for sale

 

 

4,983 

 

 

4,983 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

 

$

4,983 

 

$

 

$

4,983 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

9,999 

 

$

 

$

 

$

9,999 

 

Government agency securities

 

 

4,998 

 

 

4,998 

 

Commercial paper

 

 

2,999 

 

 

2,999 

 

 

 

 

 

 

 

 

 

 

 

Total

 

9,999 

 

7,997 

 

 

17,996 

 

Short-term investments

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

94,918 

 

 

 

94,918 

 

Government agency securities

 

 

12,988 

 

 

12,988 

 

Corporate debt

 

 

8,144 

 

 

8,144 

 

 

 

 

 

 

 

 

 

 

 

Total

 

94,918 

 

21,132 

 

 

116,050 

 

Other

 

 

 

 

 

 

 

 

 

Assets held for sale

 

 

5,000 

 

 

5,000 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

 

$

5,000 

 

$

 

$

5,000 

 

 

Schedule of amortized cost and fair value of available-for-sale securities

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Estimated

 

 

 

Cost

 

Gains

 

Losses

 

Fair Value

 

 

 

(in thousands)

 

March 31, 2016

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

92,749

 

$

16

 

$

 

$

92,765

 

Government agency securities

 

9,997

 

2

 

 

9,999

 

Corporate debt

 

2,215

 

 

 

2,215

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

104,961

 

$

18

 

$

 

$

104,979

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

94,935

 

$

6

 

$

(23

)

$

94,918

 

Government agency securities

 

12,985

 

3

 

 

12,988

 

Corporate debt

 

8,144

 

1

 

(1

)

8,144

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

116,064

 

$

10

 

$

(24

)

$

116,050

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of fair value and unrealized losses of available-for-sale securities in a loss position

 

 

 

December 31, 2015

 

 

 

 

 

Gross

 

 

 

Estimated

 

Unrealized

 

 

 

Fair Value

 

Losses

 

 

 

(in thousands)

 

U.S. treasuries

 

$

64,922

 

$

(23

)

Corporate debt

 

3,353

 

(1

)

 

 

 

 

 

 

Total

 

$

68,275

 

$

(24

)

 

 

 

 

 

 

 

 

 

Schedule of inventories

 

 

 

March 31,

 

December 31,

 

 

 

2016

 

2015

 

 

 

(in thousands)

 

Materials

 

$

47,362 

 

$

42,373 

 

Work-in-process

 

23,332 

 

30,327 

 

Finished goods

 

6,511 

 

4,769 

 

 

 

 

 

 

 

Total

 

$

77,205 

 

$

77,469 

 

 

 

 

 

 

 

 

 

 

Schedule of property, plant and equipment

 

 

 

March 31,

 

December 31,

 

 

 

2016

 

2015

 

 

 

(in thousands )

 

Land

 

$

9,592 

 

$

9,592 

 

Building and improvements

 

57,264 

 

54,622 

 

Machinery and equipment(1)

 

111,392 

 

110,075 

 

Leasehold improvements

 

5,565 

 

5,554 

 

 

 

 

 

 

 

Gross property, plant and equipment

 

183,813 

 

179,843 

 

Less: accumulated depreciation and amortization

 

103,588 

 

100,253 

 

 

 

 

 

 

 

Net property, plant, and equipment

 

$

80,225 

 

$

79,590 

 

 

 

 

 

 

 

 

 

 

 

(1) Machinery and equipment includes software, furniture and fixtures

 

Schedule of intangible assets excluding goodwill

 

 

March 31, 2016

 

December 31, 2015

 

 

 

 

 

Accumulated

 

 

 

 

 

Accumulated

 

 

 

 

 

Gross

 

Amortization

 

 

 

Gross

 

Amortization

 

 

 

 

 

Carrying

 

and

 

Net

 

Carrying

 

and

 

Net

 

 

 

Amount

 

Impairment

 

Amount

 

Amount

 

Impairment

 

Amount

 

 

 

(in thousands)

 

Technology

 

$

222,358 

 

$

124,021 

 

$

98,337 

 

$

222,358 

 

$

120,496 

 

$

101,862 

 

Customer relationships

 

47,885 

 

24,017 

 

23,868 

 

47,885 

 

22,470 

 

25,415 

 

Trademarks and tradenames

 

2,730 

 

1,975 

 

755 

 

2,730 

 

1,937 

 

793 

 

Indefinite-lived trademark

 

2,900 

 

 

2,900 

 

2,900 

 

 

2,900 

 

Other

 

2,296 

 

1,503 

 

793 

 

6,241 

 

5,537 

 

704 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

278,169 

 

$

151,516 

 

$

126,653 

 

$

282,114 

 

$

150,440 

 

$

131,674