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v3.21.2

Assets (Tables) | 6 Months Ended
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Jun. 30, 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)
June 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 60,479 | ​ | $ | — | ​ | $ | — | ​ | $ | 60,479
Corporate debt | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Commercial paper | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Money market cash | ​ | ​ | 320 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 320
Total | ​ | $ | 60,799 | ​ | $ | — | ​ | $ | — | ​ | $ | 60,799
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 124,129 | ​ | $ | — | ​ | $ | — | ​ | $ | 124,129
Government agency securities | ​ | ​ | — | ​ | ​ | 7,255 | ​ | ​ | — | ​ | ​ | 7,255
Corporate debt | ​ | ​ | — | ​ | ​ | 65,666 | ​ | ​ | — | ​ | ​ | 65,666
Commercial paper | ​ | ​ | — | ​ | ​ | 17,585 | ​ | ​ | — | ​ | ​ | 17,585
Total | ​ | $ | 124,129 | ​ | $ | 90,506 | ​ | $ | — | ​ | $ | 214,635
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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)
June 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 124,140 | ​ | $ | 4 | ​ | $ | (15) | ​ | $ | 124,129
Government agency securities | ​ | ​ | 7,258 | ​ | ​ | — | ​ | ​ | (3) | ​ | ​ | 7,255
Corporate debt | ​ | ​ | 65,676 | ​ | ​ | 26 | ​ | ​ | (36) | ​ | ​ | 65,666
Commercial paper | ​ | ​ | 17,585 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 17,585
Total | ​ | $ | 214,659 | ​ | $ | 30 | ​ | $ | (54) | ​ | $ | 214,635
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2021 | ​ | December 31, 2020
​ |  | ​ | ​ |  | Gross |  | ​ |  | Gross
​ | ​ | Estimated | ​ | Unrealized | ​ | Estimated | ​ | Unrealized
​ | ​ | Fair Value | ​ | Losses | ​ | Fair Value | ​ | Losses
​ | ​ | ​ | (in thousands)
U.S. treasuries | ​ | $ | 61,520 | ​ | $ | (15) | ​ | $ | 19,991 | ​ | $ | (1)
Government agency securities | ​ | ​ | 7,255 | ​ | ​ | (3) | ​ | ​ | — | ​ | ​ | —
Corporate debt | ​ |  | 41,569 | ​ |  | (36) | ​ |  | 32,554 | ​ |  | (34)
Total | ​ | $ | 110,344 | ​ | $ | (54) | ​ | $ | 52,545 | ​ | $ | (35)
Schedule of contractual maturities of securities classified as available-for-sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2021
​ | ​ | Amortized | ​ | Estimated
​ | ​ | Cost | ​ | Fair Value
​ | ​ | ​ | (in thousands)
Due in one year or less | ​ | $ | 152,949 | ​ | $ | 152,932
Due after one year through two years | ​ | ​ | 55,693 | ​ |  | 55,679
Due after two years through three years | ​ | ​ | 6,017 | ​ | ​ | 6,024
Total | ​ | $ | 214,659 | ​ | $ | 214,635
Schedule of inventories | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2021 |  | 2020
​ | ​ | (in thousands)
Materials | ​ | $ | 91,389 | ​ | $ | 82,679
Work-in-process | ​ |  | 59,769 | ​ |  | 53,979
Finished goods | ​ |  | 12,883 | ​ |  | 9,248
Total | ​ | $ | 164,041 | ​ | $ | 145,906
Schedule of property, plant, and equipment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2021 |  | 2020
​ | ​ | (in thousands)
Land | ​ | $ | 5,061 | ​ | $ | 5,061
Building and improvements | ​ |  | 63,117 | ​ |  | 62,865
Machinery and equipment (1) | ​ |  | 144,585 | ​ |  | 140,493
Leasehold improvements | ​ |  | 26,036 | ​ |  | 6,671
Gross property, plant, and equipment | ​ |  | 238,799 | ​ |  | 215,090
Less: accumulated depreciation and amortization | ​ |  | 156,591 | ​ |  | 149,819
Net property, plant, and equipment | ​ | $ | 82,208 | ​ | $ | 65,271
(1) | Machinery and equipment also includes software, furniture and fixtures
​
Schedule of intangible assets excluding goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 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 | ​ | $ | 306,624 | ​ | $ | 21,284 | ​ | $ | 327,908 | ​ | $ | 302,358 | ​ | $ | 25,550
Customer relationships | ​ | ​ | 146,465 | ​ | ​ | 131,552 | ​ | ​ | 14,913 | ​ | ​ | 146,465 | ​ | ​ | 130,131 | ​ | ​ | 16,334
Trademarks and tradenames | ​ | ​ | 30,910 | ​ | ​ | 27,254 | ​ | ​ | 3,656 | ​ | ​ | 30,910 | ​ | ​ | 26,614 | ​ | ​ | 4,296
Other | ​ |  | 3,686 | ​ |  | 3,684 | ​ |  | 2 | ​ |  | 3,686 | ​ |  | 3,681 | ​ |  | 5
Total | ​ | $ | 508,969 | ​ | $ | 469,114 | ​ | $ | 39,855 | ​ | $ | 508,969 | ​ | $ | 462,784 | ​ | $ | 46,185

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