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v3.21.1

Assets (Tables) | 3 Months Ended
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Mar. 31, 2021
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)
March 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 80,062 | ​ | $ | — | ​ | $ | — | ​ | $ | 80,062
Corporate debt | ​ | ​ | — | ​ | ​ | 2,002 | ​ | ​ | — | ​ | ​ | 2,002
Commercial paper | ​ | ​ | — | ​ | ​ | 950 | ​ | ​ | — | ​ | ​ | 950
Money market cash | ​ | ​ | 985 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 985
Total | ​ | $ | 81,047 | ​ | $ | 2,952 | ​ | $ | — | ​ | $ | 83,999
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 120,096 | ​ | $ | — | ​ | $ | — | ​ | $ | 120,096
Corporate debt | ​ | ​ | — | ​ | ​ | 58,449 | ​ | ​ | — | ​ | ​ | 58,449
Commercial paper | ​ | ​ | — | ​ | ​ | 7,597 | ​ | ​ | — | ​ | ​ | 7,597
Total | ​ | $ | 120,096 | ​ | $ | 66,046 | ​ | $ | — | ​ | $ | 186,142
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 59,168 | ​ | $ | — | ​ | $ | — | ​ | $ | 59,168
Commercial paper | ​ | ​ | — | ​ | ​ | 2,000 | ​ | ​ | — | ​ | ​ | 2,000
U.S. treasuries | ​ | ​ | 24,997 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 24,997
Total | ​ | $ | 84,165 | ​ | $ | 2,000 | ​ | $ | — | ​ | $ | 86,165
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 149,219 | ​ | $ | — | ​ | $ | — | ​ | $ | 149,219
Corporate debt | ​ | ​ | — | ​ | ​ | 32,554 | ​ | ​ | — | ​ | ​ | 32,554
Commercial paper | ​ | ​ | — | ​ | ​ | 7,998 | ​ | ​ | — | ​ | ​ | 7,998
Total | ​ | $ | 149,219 | ​ | $ | 40,552 | ​ | $ | — | ​ | $ | 189,771
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)
March 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 120,077 | ​ | $ | 20 | ​ | $ | (1) | ​ | $ | 120,096
Corporate debt | ​ | ​ | 58,478 | ​ | ​ | 7 | ​ | ​ | (36) | ​ | ​ | 58,449
Commercial paper | ​ | ​ | 7,596 | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | 7,597
Total | ​ | $ | 186,151 | ​ | $ | 28 | ​ | $ | (37) | ​ | $ | 186,142
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 149,206 | ​ | $ | 14 | ​ | $ | (1) | ​ | $ | 149,219
Corporate debt | ​ |  | 32,588 | ​ | ​ | — | ​ | ​ | (34) | ​ |  | 32,554
Commercial paper | ​ | ​ | 7,997 | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | 7,998
Total | ​ | $ | 189,791 | ​ | $ | 15 | ​ | $ | (35) | ​ | $ | 189,771
Schedule of fair value and unrealized losses of available-for-sale securities in a loss position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2021 | ​ | December 31, 2020
​ |  | ​ | ​ |  | Gross |  | ​ |  | Gross
​ | ​ | Estimated | ​ | Unrealized | ​ | Estimated | ​ | Unrealized
​ | ​ | Fair Value | ​ | Losses | ​ | Fair Value | ​ | Losses
​ | ​ | ​ | (in thousands)
U.S. treasuries | ​ | $ | 7,522 | ​ | $ | (1) | ​ | $ | 19,991 | ​ | $ | (1)
Corporate debt | ​ |  | 47,971 | ​ |  | (36) | ​ |  | 32,554 | ​ |  | (34)
Total | ​ | $ | 55,493 | ​ | $ | (37) | ​ | $ | 52,545 | ​ | $ | (35)
Schedule of contractual maturities of securities classified as available-for-sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2021
​ | ​ | Amortized | ​ | Estimated
​ | ​ | Cost | ​ | Fair Value
​ | ​ | ​ | (in thousands)
Due in one year or less | ​ | $ | 154,211 | ​ | $ | 154,214
Due after one year through two years | ​ | ​ | 28,965 | ​ |  | 28,952
Due after two years through three years | ​ | ​ | 2,975 | ​ | ​ | 2,976
Total | ​ | $ | 186,151 | ​ | $ | 186,142
Schedule of inventories | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2021 |  | 2020
​ | ​ | (in thousands)
Materials | ​ | $ | 90,115 | ​ | $ | 82,679
Work-in-process | ​ |  | 55,995 | ​ |  | 53,979
Finished goods | ​ |  | 10,106 | ​ |  | 9,248
Total | ​ | $ | 156,216 | ​ | $ | 145,906
Schedule of property, plant, and equipment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2021 |  | 2020
​ | ​ | (in thousands)
Land | ​ | $ | 5,061 | ​ | $ | 5,061
Building and improvements | ​ |  | 63,059 | ​ |  | 62,865
Machinery and equipment (1) | ​ |  | 142,163 | ​ |  | 140,493
Leasehold improvements | ​ |  | 8,184 | ​ |  | 6,671
Gross property, plant, and equipment | ​ |  | 218,467 | ​ |  | 215,090
Less: accumulated depreciation and amortization | ​ |  | 153,260 | ​ |  | 149,819
Net property, plant, and equipment | ​ | $ | 65,207 | ​ | $ | 65,271
(1) | Machinery and equipment also includes software, furniture and fixtures
​
Schedule of intangible assets excluding goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2021 | ​ | December 31, 2020
​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​
​ |  | Gross |  | Amortization |  | ​ |  | Gross |  | Amortization |  | ​
​ | ​ | Carrying | ​ | and | ​ | Net | ​ | Carrying | ​ | and | ​ | Net
​ | ​ | Amount | ​ | Impairment | ​ | Amount | ​ | Amount | ​ | Impairment | ​ | Amount
​ | ​ | (in thousands)
Technology | ​ | $ | 327,908 | ​ | $ | 304,661 | ​ | $ | 23,247 | ​ | $ | 327,908 | ​ | $ | 302,358 | ​ | $ | 25,550
Customer relationships | ​ | ​ | 146,465 | ​ | ​ | 130,842 | ​ | ​ | 15,623 | ​ | ​ | 146,465 | ​ | ​ | 130,131 | ​ | ​ | 16,334
Trademarks and tradenames | ​ | ​ | 30,910 | ​ | ​ | 26,953 | ​ | ​ | 3,957 | ​ | ​ | 30,910 | ​ | ​ | 26,614 | ​ | ​ | 4,296
Other | ​ |  | 3,686 | ​ |  | 3,682 | ​ |  | 4 | ​ |  | 3,686 | ​ |  | 3,681 | ​ |  | 5
Total | ​ | $ | 508,969 | ​ | $ | 466,138 | ​ | $ | 42,831 | ​ | $ | 508,969 | ​ | $ | 462,784 | ​ | $ | 46,185

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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