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v3.10.0.1

Assets (Tables) | 9 Months Ended
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Sep. 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)
September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasuries |  | $ | 36,527 |  | $ | — |  | $ | — |  | $ | 36,527
Corporate debt |  |  | — |  |  | 8,561 |  |  | — |  |  | 8,561
Commercial paper |  |  | — |  |  | 6,975 |  |  | — |  |  | 6,975
Total |  | $ | 36,527 |  | $ | 15,536 |  | $ | — |  | $ | 52,063
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)
September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasuries |  | $ | 36,538 |  | $ | 1 |  | $ | (12) |  | $ | 36,527
Corporate debt |  |  | 8,573 |  |  | — |  |  | (12) |  |  | 8,561
Commercial paper |  |  | 6,975 |  |  | — |  |  | — |  |  | 6,975
Total |  | $ | 52,086 |  | $ | 1 |  | $ | (24) |  | $ | 52,063
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 |
|  | September 30, 2018 |  | December 31, 2017
|  |  |  |  | Gross |  |  |  | Gross
|  | Estimated |  | Unrealized |  | Estimated |  | Unrealized
|  | Fair Value |  | Losses |  | Fair Value |  | Losses
|  | (in thousands)
U.S. treasuries |  | $ | 29,621 |  | $ | (12) |  | $ | 33,895 |  | $ | (19)
Corporate debt |  |  | 8,561 |  |  | (12) |  |  | 10,886 |  |  | (8)
Total |  | $ | 38,182 |  | $ | (24) |  | $ | 44,781 |  | $ | (27)
Schedule of inventories |
|  | September 30, |  | December 31,
|  | 2018 |  | 2017
|  | (in thousands)
Materials |  | $ | 84,864 |  | $ | 59,919
Work-in-process |  |  | 41,423 |  |  | 37,222
Finished goods |  |  | 23,545 |  |  | 23,125
Total |  | $ | 149,832 |  | $ | 120,266
Schedule of property, plant, and equipment |
|  | September 30, |  | December 31,
|  | 2018 |  | 2017
|  | (in thousands)
Land |  | $ | 5,669 |  | $ | 5,669
Building and improvements |  |  | 59,547 |  |  | 54,449
Machinery and equipment (1) |  |  | 126,126 |  |  | 126,829
Leasehold improvements |  |  | 8,802 |  |  | 10,073
Gross property, plant, and equipment |  |  | 200,144 |  |  | 197,020
Less: accumulated depreciation and amortization |  |  | 119,518 |  |  | 111,962
Net property, plant, and equipment |  | $ | 80,626 |  | $ | 85,058
| (1) |  | Machinery and equipment also includes software, furniture and fixtures
Schedule of intangible assets excluding goodwill |
|  | September 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 |  | $ | 320,888 |  | $ | 273,821 |  | $ | 47,067 |  | $ | 307,588 |  | $ | 133,121 |  | $ | 174,467
Customer relationships |  |  | 164,595 |  |  | 134,760 |  |  | 29,835 |  |  | 164,595 |  |  | 39,336 |  |  | 125,259
In-process R&D |  |  | 30,040 |  |  | 25,000 |  |  | 5,040 |  |  | 43,340 |  |  | — |  |  | 43,340
Trademarks and tradenames |  |  | 30,910 |  |  | 23,560 |  |  | 7,350 |  |  | 30,910 |  |  | 4,321 |  |  | 26,589
Other |  |  | 3,686 |  |  | 3,580 |  |  | 106 |  |  | 3,686 |  |  | 3,498 |  |  | 188
Total |  | $ | 550,119 |  | $ | 460,721 |  | $ | 89,398 |  | $ | 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 |  | $ | 4,184
2019 |  |  | 16,554
2020 |  |  | 15,628
2021 |  |  | 12,506
2022 |  |  | 10,172
Thereafter |  |  | 25,314
Total |  | $ | 84,358

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