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v3.7.0.1

Assets (Tables) | 6 Months Ended
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Jun. 30, 2017
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) |
June 30, 2017 |  |  |  |  |  |  |  |  |
Short-term investments |  |  |  |  |  |  |  |  |
U.S. treasuries |  | $ | 34,951 |  | $ | — |  | $ | — |  | $ | 34,951 |
Government agency securities |  | — |  | 62,135 |  | — |  | 62,135 |
Total |  | $ | 34,951 |  | $ | 62,135 |  | $ | — |  | $ | 97,086 |
December 31, 2016 |  |  |  |  |  |  |  |  |
Cash equivalents |  |  |  |  |  |  |  |  |
Corporate debt |  | $ | — |  | $ | 1,501 |  | $ | — |  | $ | 1,501 |
Total |  | $ | — |  | $ | 1,501 |  | $ | — |  | $ | 1,501 |
Short-term investments |  |  |  |  |  |  |  |  |
U.S. treasuries |  | $ | 40,008 |  | $ | — |  | $ | — |  | $ | 40,008 |
Government agency securities |  | — |  | 10,012 |  | — |  | 10,012 |
Corporate debt |  | — |  | 13,773 |  | — |  | 13,773 |
Commercial paper |  | — |  | 2,994 |  | — |  | 2,994 |
Total |  | $ | 40,008 |  | $ | 26,779 |  | $ | — |  | $ | 66,787 |
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) |
June 30, 2017 |  |  |  |  |  |  |  |  |
U.S. treasuries |  | $ | 34,986 |  | $ | — |  | $ | (35 | ) | $ | 34,951 |
Government agency securities |  | 62,181 |  | — |  | (46 | ) | 62,135 |
Total |  | $ | 97,167 |  | $ | — |  | $ | (81 | ) | $ | 97,086 |
December 31, 2016 |  |  |  |  |  |  |  |  |
U.S. treasuries |  | $ | 40,013 |  | $ | — |  | $ | (5 | ) | $ | 40,008 |
Government agency securities |  | 10,020 |  | — |  | (8 | ) | 10,012 |
Corporate debt |  | 13,780 |  | — |  | (7 | ) | 13,773 |
Commercial paper |  | 2,994 |  | — |  | — |  | 2,994 |
Total |  | $ | 66,807 |  | $ | — |  | $ | (20 | ) | $ | 66,787 |
Summary of fair value and unrealized losses of available-for-sale securities in a loss position |
|  | June 30, 2017 |  | December 31, 2016 |
|  |  |  | Gross |  |  |  | Gross |
|  | Estimated |  | Unrealized |  | Estimated |  | Unrealized |
|  | Fair Value |  | Losses |  | Fair Value |  | Losses |
|  | (in thousands) |
U.S. treasuries |  | $ | 34,951 |  | $ | (35 | ) | $ | 20,002 |  | $ | (5 | )
Government agency securities |  | 62,135 |  | (46 | ) | 10,012 |  | (8 | )
Corporate debt |  | — |  | — |  | 13,774 |  | (7 | )
Total |  | $ | 97,086 |  | $ | (81 | ) | $ | 43,788 |  | $ | (20 | )
Schedule of contractual maturities of available-for-sale securities |
|  | June 30, 2017 |
|  | Amortized |  | Estimated |
|  | cost |  | fair value |
|  | (in thousands) |
Due in one year or less |  | $ | 72,278 |  | $ | 72,220 |
Due after one year through two years |  | 24,889 |  | 24,866 |
Total |  | $ | 97,167 |  | $ | 97,086 |
Schedule of inventories |
|  | June 30, |  | December 31, |
|  | 2017 |  | 2016 |
|  | (in thousands) |
Materials |  | $ | 58,372 |  | $ | 46,457 |
Work-in-process |  | 46,498 |  | 25,250 |
Finished goods |  | 15,065 |  | 5,356 |
Total |  | $ | 119,935 |  | $ | 77,063 |
Schedule of property, plant, and equipment |
|  | June 30, |  | December 31, |
|  | 2017 |  | 2016 |
|  | (in thousands) |
Land |  | $ | 5,669 |  | $ | 5,669 |
Building and improvements |  | 49,832 |  | 50,814 |
Machinery and equipment(1) |  | 122,131 |  | 99,370 |
Leasehold improvements |  | 9,486 |  | 3,652 |
Gross property, plant and equipment |  | 187,118 |  | 159,505 |
Less: accumulated depreciation and amortization |  | 104,572 |  | 98,859 |
Net property, plant, and equipment |  | $ | 82,546 |  | $ | 60,646 |
(1) Machinery and equipment also includes software, furniture and fixtures
Schedule of changes in goodwill |
|  | Gross carrying |  | Accumulated |  |  |
|  | amount |  | impairment |  | Net amount |
|  | (in thousands) |
Balance at December 31, 2016 |  | $ | 238,108 |  | $ | 123,200 |  | $ | 114,908 |
Acquisition |  | 188,252 |  | — |  | 188,252 |
Balance at June 30, 2017 |  | $ | 426,360 |  | $ | 123,200 |  | $ | 303,160 |
Schedule of intangible assets excluding goodwill |
|  | June 30, 2017 |  | December 31, 2016 |
|  |  |  | Accumulated |  |  |  |  |  | Accumulated |  |  |
|  | Gross |  | Amortization |  |  |  | Gross |  | Amortization |  |  |
|  | Carrying |  | and |  | Net |  | Carrying |  | and |  | Net |
|  | Amount |  | Impairment |  | Amount |  | Amount |  | Impairment |  | Amount |
|  | (in thousands) |
Technology |  | $ | 307,588 |  | $ | 118,863 |  | $ | 188,725 |  | $ | 149,198 |  | $ | 113,904 |  | $ | 35,294 |
Customer relationships |  | 164,595 |  | 31,971 |  | 132,624 |  | 47,885 |  | 28,659 |  | 19,226 |
In-process R&D |  | 43,340 |  | — |  | 43,340 |  | — |  | — |  | — |
Trademarks and tradenames |  | 28,010 |  | 2,326 |  | 25,684 |  | 2,590 |  | 1,948 |  | 642 |
Indefinite-lived trademark |  | 2,900 |  | — |  | 2,900 |  | 2,900 |  | — |  | 2,900 |
Other |  | 3,828 |  | 1,004 |  | 2,824 |  | 2,026 |  | 1,710 |  | 316 |
Total |  | $ | 550,261 |  | $ | 154,164 |  | $ | 396,097 |  | $ | 204,599 |  | $ | 146,221 |  | $ | 58,378 |

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