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Income (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2017

Income (Loss) Per Common Share

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

		Three months ended September 30,						Nine months ended September 30,
		2017			2016			2017			2016
		(in thousands, except per share amounts)
Net income (loss)		$	(21,884	)	$	(69,598	)	$	(39,177	)	$	(117,212	)

Net income (loss) per common share:
Basic		$	(0.47	)	$	(1.78	)	$	(0.91	)	$	(2.99	)
Diluted		$	(0.47	)	$	(1.78	)	$	(0.91	)	$	(2.99	)

Basic weighted average shares outstanding		46,941			39,131			43,100			39,193
Effect of potentially dilutive share-based awards		—			—			—			—

Diluted weighted average shares outstanding		46,941			39,131			43,100			39,193

Unvested participating shares excluded from basic weighted average shares outstanding since the securityholders are not obligated to fund losses		166			469			166			469

Common share equivalents excluded from the diluted weighted average shares outstanding since Veeco incurred a net loss and their effect would be antidilutive		220			140			275			45

Potentially dilutive non-participating shares excluded from the diluted calculation as their effect would be antidilutive		1,956			2,030			1,628			2,042

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			—