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Income (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2017

Income (Loss) Per Common Share

Schedule of basic and diluted net income (loss) per share and weighted average shares

		Three months ended June 30,						Six months ended June 30,
		2017			2016			2017			2016
		(in thousands, except per share amounts)
Net income (loss)		$	(18,388	)	$	(32,082	)	$	(17,293	)	$	(47,615	)

Net income (loss) per common share:
Basic		$	(0.43	)	$	(0.82	)	$	(0.42	)	$	(1.22	)
Diluted		$	(0.43	)	$	(0.82	)	$	(0.42	)	$	(1.22	)

Basic weighted average shares outstanding		42,656			38,965			41,160			39,035
Effect of potentially dilutive share-based awards		—			—			—			—

Diluted weighted average shares outstanding		42,656			38,965			41,160			39,035

Unvested participating shares excluded from basic weighted average shares outstanding since the securityholders are not obligated to fund losses		228			659			228			691

Common share equivalents excluded from the diluted weighted average shares outstanding since Veeco incurred a net loss and their effect would be antidilutive		330			34			294			50

Potentially dilutive non-participating shares excluded from the diluted calculation as their effect would be antidilutive		1,265			2,425			1,462			2,350

Maximum potential shares to be issued for settlement of Convertible Senior Notes excluded from the diluted calculation as their effect would be antidilutive		8,618			—			8,618			—