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Assets (Tables) | 6 Months Ended
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Jun. 30, 2018
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, 2018 |  |  |  |  |  |  |  |  |
Short-term investments |  |  |  |  |  |  |  |  |
U.S. treasuries |  | $ | 44,488 |  | $ | — |  | $ | — |  | $ | 44,488 |
Corporate debt |  | — |  | 8,604 |  | — |  | 8,604 |
Commercial paper |  | — |  | 11,931 |  | — |  | 11,931 |
Total |  | $ | 44,488 |  | $ | 20,535 |  | $ | — |  | $ | 65,023 |
December 31, 2017 |  |  |  |  |  |  |  |  |
Cash equivalents |  |  |  |  |  |  |  |  |
U.S. treasuries |  | $ | 12,490 |  | $ | — |  | $ | — |  | $ | 12,490 |
Total |  | $ | 12,490 |  | $ | — |  | $ | — |  | $ | 12,490 |
Short-term investments |  |  |  |  |  |  |  |  |
U.S. treasuries |  | $ | 33,895 |  | $ | — |  | $ | — |  | $ | 33,895 |
Corporate debt |  | — |  | 10,886 |  | — |  | 10,886 |
Commercial paper |  | — |  | 2,999 |  | — |  | 2,999 |
Total |  | $ | 33,895 |  | $ | 13,885 |  | $ | — |  | $ | 47,780 |
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, 2018 |  |  |  |  |  |  |  |  |
U.S. treasuries |  | $ | 44,501 |  | $ | 1 |  | $ | (14 | ) | $ | 44,488 |
Corporate debt |  | 8,619 |  | — |  | (15 | ) | 8,604 |
Commercial paper |  | 11,930 |  | 1 |  | — |  | 11,931 |
Total |  | $ | 65,050 |  | $ | 2 |  | $ | (29 | ) | $ | 65,023 |
December 31, 2017 |  |  |  |  |  |  |  |  |
U.S. treasuries |  | $ | 33,914 |  | $ | — |  | $ | (19 | ) | $ | 33,895 |
Corporate debt |  | 10,894 |  | — |  | (8 | ) | 10,886 |
Commercial paper |  | 2,999 |  | — |  | — |  | 2,999 |
Total |  | $ | 47,807 |  | $ | — |  | $ | (27 | ) | $ | 47,780 |
Summary of fair value and unrealized losses of available-for-sale securities in a loss position |
|  | June 30, 2018 |  | December 31, 2017 |
|  |  |  | Gross |  |  |  | Gross |
|  | Estimated |  | Unrealized |  | Estimated |  | Unrealized |
|  | Fair Value |  | Losses |  | Fair Value |  | Losses |
|  | (in thousands) |
U.S. treasuries |  | $ | 25,387 |  | $ | (14 | ) | $ | 33,895 |  | $ | (19 | )
Corporate debt |  | 8,604 |  | (15 | ) | 10,886 |  | (8 | )
Total |  | $ | 33,991 |  | $ | (29 | ) | $ | 44,781 |  | $ | (27 | )
Schedule of inventories |
|  | June 30, |  | December 31, |
|  | 2018 |  | 2017 |
|  | (in thousands) |
Materials |  | $ | 74,571 |  | $ | 59,919 |
Work-in-process |  | 44,301 |  | 37,222 |
Finished goods |  | 27,067 |  | 23,125 |
Total |  | $ | 145,939 |  | $ | 120,266 |
Schedule of property, plant, and equipment |
|  | June 30, |  | December 31, |
|  | 2018 |  | 2017 |
|  | (in thousands) |
Land |  | $ | 5,669 |  | $ | 5,669 |
Building and improvements |  | 59,301 |  | 54,449 |
Machinery and equipment(1) |  | 120,467 |  | 126,829 |
Leasehold improvements |  | 8,750 |  | 10,073 |
Gross property, plant, and equipment |  | 194,187 |  | 197,020 |
Less: accumulated depreciation and amortization |  | 114,919 |  | 111,962 |
Net property, plant, and equipment |  | $ | 79,268 |  | $ | 85,058 |
(1) Machinery and equipment also includes software, furniture and fixtures
Schedule of intangible assets excluding goodwill |
|  | June 30, 2018 |  | December 31, 2017 |
|  |  |  | Accumulated |  |  |  |  |  | Accumulated |  |  |
|  | Gross |  | Amortization |  |  |  | Gross |  | Amortization |  |  |
|  | Carrying |  | and |  | Net |  | Carrying |  | and |  | Net |
|  | Amount |  | Impairment |  | Amount |  | Amount |  | Impairment |  | Amount |
|  | (in thousands) |
Technology |  | $ | 307,588 |  | $ | 260,471 |  | $ | 47,117 |  | $ | 307,588 |  | $ | 133,121 |  | $ | 174,467 |
Customer relationships |  | 164,595 |  | 133,393 |  | 31,202 |  | 164,595 |  | 39,336 |  | 125,259 |
In-process R&D |  | 43,340 |  | 35,900 |  | 7,440 |  | 43,340 |  | — |  | 43,340 |
Trademarks and tradenames |  | 30,910 |  | 23,221 |  | 7,689 |  | 30,910 |  | 4,321 |  | 26,589 |
Other |  | 3,686 |  | 3,552 |  | 134 |  | 3,686 |  | 3,498 |  | 188 |
Total |  | $ | 550,119 |  | $ | 456,537 |  | $ | 93,582 |  | $ | 550,119 |  | $ | 180,276 |  | $ | 369,843 |
Schedule of estimated annual amortization expense, excluding in-process R&D for intangible assets with definite useful lives |
|  | Amortization |
|  | (in thousands) |
2018 |  | $ | 8,196 |
2019 |  | 16,211 |
2020 |  | 15,285 |
2021 |  | 12,164 |
2022 |  | 9,829 |
Thereafter |  | 24,457 |
Total |  | $ | 86,142 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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