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Segment Reporting and Geographic Information | 9 Months Ended
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Sep. 30, 2019
Segment Reporting and Geographic Information |
Segment Reporting and Geographic Information | Note 10 — Segment Reporting and Geographic Information ​ Veeco operates and measures its results in one operating segment and therefore has one reportable segment: the design, development, manufacture, and support of thin film process equipment primarily sold to make electronic devices. ​ Veeco categorizes its sales into the following four end-markets: ​ Advanced Packaging, MEMS & RF Filters ​ Advanced Packaging includes a portfolio of wafer-level assembly technologies that enable the miniaturization and performance improvement of electronic products, such as smartphones, smartwatches, tablets, and laptops. Micro-Electro Mechanical Systems (“MEMS”) includes tiny mechanical devices such as sensors, switches, mirrors, and actuators embedded in semiconductor chips used in vehicles, smartphones, tablets, and games. RF Filters refers to RF filters used in smartphones, tablets, and mobile devices. ​ LED Lighting, Display & Compound Semiconductor ​ LED Lighting refers to Light Emitting Diode (“LED”) and semiconductor illumination sources used in various applications including, but not limited to, displays such as backlights, general lighting, automotive running lights, and headlamps. Display refers to LEDs used for displays and Organic Light Emitting Diode (“OLED”) displays found in outdoor display/signage applications, TVs, smartphones, wearable devices, and tablets. Compound Semiconductor includes Photonics, Power Electronics, and Radio Frequency (“RF”) Devices. Photonics refers to laser diodes, Vertical Cavity Surface Emitting Lasers (“VCSEL”) in 3D sensing and communications, and various other optical devices. Power Electronics refers to semiconductor devices such as rectifiers, inverters, and converters for the control and conversion of electric power. RF devices refers to radio frequency emitting and receiving devices that enable wireless communications. Such devices include power amplifiers, switches, and transceivers for applications such as mobile (including handsets and base stations), defense, automobile, and the Internet of Things. ​ Front-End Semiconductor ​ Front-End Semiconductor refers to the early steps in the process of integrated circuit fabrication where the microchips are created but still remain on the silicon wafer. This category includes Laser Spike Anneal, Ion Beam etch for front-end semiconductor applications, and Ion Beam deposition for EUV mask blanks. ​ Scientific & Industrial ​ Scientific refers to advanced materials research at university research institutions, industry research institutions, industry consortiums, and government research agencies. Industrial refers to large-scale product manufacturing applications including data storage and optical coatings: thin layers of material deposited on a lens or mirror that alters how light reflects and transmits. ​ Sales by end-market and geographic region for the three and nine months ended September 30, 2019 and 2018 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, | ​ | Nine months ended September 30, | ​
​ |  | 2019 | ​ | 2018 |  | 2019 | ​ | 2018 |
​ | ​ | (in thousands) | ​
Sales by end-market | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Advanced Packaging, MEMS & RF Filters | ​ | $ | 11,381 | ​ | $ | 24,562 | ​ | $ | 50,951 | ​ | $ | 76,473 | ​
LED Lighting, Display & Compound Semiconductor | ​ |  | 24,020 | ​ |  | 58,864 | ​ |  | 47,263 | ​ |  | 236,597 | ​
Front-End Semiconductor | ​ | ​ | 33,578 | ​ | ​ | 13,476 | ​ | ​ | 80,703 | ​ | ​ | 41,085 | ​
Scientific & Industrial | ​ |  | 39,975 | ​ |  | 29,855 | ​ |  | 127,230 | ​ |  | 88,955 | ​
Total | ​ | $ | 108,954 | ​ | $ | 126,757 | ​ | $ | 306,147 | ​ | $ | 443,110 | ​
Sales by geographic region | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 27,915 | ​ | $ | 28,861 | ​ | $ | 100,014 | ​ | $ | 85,555 | ​
China | ​ | ​ | 17,034 | ​ | ​ | 39,200 | ​ | ​ | 46,846 | ​ | ​ | 185,050 | ​
EMEA(1) | ​ | ​ | 19,128 | ​ | ​ | 30,685 | ​ | ​ | 49,280 | ​ | ​ | 71,836 | ​
Rest of World | ​ |  | 44,877 | ​ |  | 28,011 | ​ |  | 110,007 | ​ |  | 100,669 | ​
Total | ​ | $ | 108,954 | ​ | $ | 126,757 | ​ | $ | 306,147 | ​ | $ | 443,110 | ​
(1) | EMEA consists of Europe, the Middle East, and Africa
​ For geographic reporting, sales are attributed to the location in which the customer facility is located.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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