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v3.22.1

Assets (Tables) | 3 Months Ended
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Mar. 31, 2022
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, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 53,116 | ​ | $ | — | ​ | $ | — | ​ | $ | 53,116
Money market cash | ​ | ​ | 208 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 208
Total | ​ | $ | 53,324 | ​ | $ | — | ​ | $ | — | ​ | $ | 53,324
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 52,147 | ​ | $ | — | ​ | $ | — | ​ | $ | 52,147
Government agency securities | ​ | ​ | — | ​ | ​ | 10,484 | ​ | ​ | — | ​ | ​ | 10,484
Corporate debt | ​ | ​ | — | ​ | ​ | 39,646 | ​ | ​ | — | ​ | ​ | 39,646
Commercial paper | ​ | ​ | — | ​ | ​ | 1,000 | ​ | ​ | — | ​ | ​ | 1,000
Total | ​ | $ | 52,147 | ​ | $ | 51,130 | ​ | $ | — | ​ | $ | 103,277
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 41,544 | ​ | $ | — | ​ | $ | — | ​ | $ | 41,544
Money market cash | ​ | ​ | 121 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 121
Total | ​ | $ | 41,665 | ​ | $ | — | ​ | $ | — | ​ | $ | 41,665
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 51,095 | ​ | $ | — | ​ | $ | — | ​ | $ | 51,095
Government agency securities | ​ | ​ | — | ​ | ​ | 12,052 | ​ | ​ | — | ​ | ​ | 12,052
Corporate debt | ​ | ​ | — | ​ | ​ | 40,035 | ​ | ​ | — | ​ | ​ | 40,035
Commercial paper | ​ | ​ | — | ​ | ​ | 999 | ​ | ​ | — | ​ | ​ | 999
Total | ​ | $ | 51,095 | ​ | $ | 53,086 | ​ | $ | — | ​ | $ | 104,181
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, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 52,737 | ​ | $ | — | ​ | $ | (590) | ​ | $ | 52,147
Government agency securities | ​ | ​ | 10,564 | ​ | ​ | — | ​ | ​ | (80) | ​ | ​ | 10,484
Corporate debt | ​ | ​ | 40,126 | ​ | ​ | — | ​ | ​ | (480) | ​ | ​ | 39,646
Commercial paper | ​ | ​ | 1,000 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,000
Total | ​ | $ | 104,427 | ​ | $ | — | ​ | $ | (1,150) | ​ | $ | 103,277
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 51,269 | ​ | $ | — | ​ | $ | (174) | ​ | $ | 51,095
Government agency securities | ​ | ​ | 12,075 | ​ | ​ | — | ​ | ​ | (23) | ​ | ​ | 12,052
Corporate debt | ​ |  | 40,169 | ​ | ​ | — | ​ | ​ | (134) | ​ |  | 40,035
Commercial paper | ​ | ​ | 999 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 999
Total | ​ | $ | 104,512 | ​ | $ | — | ​ | $ | (331) | ​ | $ | 104,181
Schedule of fair value and unrealized losses of available-for-sale securities in a loss position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2022 | ​ | December 31, 2021
​ |  | ​ | ​ |  | Gross |  | ​ |  | Gross
​ | ​ | Estimated | ​ | Unrealized | ​ | Estimated | ​ | Unrealized
​ | ​ | Fair Value | ​ | Losses | ​ | Fair Value | ​ | Losses
​ | ​ | ​ | (in thousands)
U.S. treasuries | ​ | $ | 52,147 | ​ | $ | (590) | ​ | $ | 51,095 | ​ | $ | (174)
Government agency securities | ​ | ​ | 10,484 | ​ | ​ | (80) | ​ | ​ | 12,052 | ​ | ​ | (23)
Corporate debt | ​ |  | 39,646 | ​ |  | (480) | ​ |  | 40,035 | ​ |  | (134)
Total | ​ | $ | 102,277 | ​ | $ | (1,150) | ​ | $ | 103,182 | ​ | $ | (331)
Schedule of contractual maturities of securities classified as available-for-sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2022
​ | ​ | Amortized | ​ | Estimated
​ | ​ | Cost | ​ | Fair Value
​ | ​ | ​ | (in thousands)
Due in one year or less | ​ | $ | 77,493 | ​ | $ | 76,943
Due after one year through two years | ​ | ​ | 26,934 | ​ |  | 26,334
Total | ​ | $ | 104,427 | ​ | $ | 103,277
Schedule of inventories | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2022 |  | 2021
​ | ​ | (in thousands)
Materials | ​ | $ | 102,296 | ​ | $ | 96,027
Work-in-process | ​ |  | 60,820 | ​ |  | 54,128
Finished goods | ​ |  | 15,950 | ​ |  | 20,703
Total | ​ | $ | 179,066 | ​ | $ | 170,858
Schedule of property, plant, and equipment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2022 |  | 2021
​ | ​ | (in thousands)
Land | ​ | $ | 5,061 | ​ | $ | 5,061
Building and improvements | ​ |  | 63,973 | ​ |  | 63,946
Machinery and equipment (1) | ​ |  | 149,192 | ​ |  | 145,656
Leasehold improvements | ​ |  | 50,534 | ​ |  | 45,979
Gross property, plant, and equipment | ​ |  | 268,760 | ​ |  | 260,642
Less: accumulated depreciation and amortization | ​ |  | 164,632 | ​ |  | 160,899
Net property, plant, and equipment | ​ | $ | 104,128 | ​ | $ | 99,743
(1) | Machinery and equipment also includes software, furniture and fixtures
​
Schedule of intangible assets excluding goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2022 | ​ | December 31, 2021
​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​
​ |  | Gross |  | Amortization |  | ​ |  | Gross |  | Amortization |  | ​
​ | ​ | Carrying | ​ | and | ​ | Net | ​ | Carrying | ​ | and | ​ | Net
​ | ​ | Amount | ​ | Impairment | ​ | Amount | ​ | Amount | ​ | Impairment | ​ | Amount
​ | ​ | (in thousands)
Technology | ​ | $ | 327,908 | ​ | $ | 312,142 | ​ | $ | 15,766 | ​ | $ | 327,908 | ​ | $ | 310,551 | ​ | $ | 17,357
Customer relationships | ​ | ​ | 146,465 | ​ | ​ | 133,581 | ​ | ​ | 12,884 | ​ | ​ | 146,465 | ​ | ​ | 132,970 | ​ | ​ | 13,495
Trademarks and tradenames | ​ | ​ | 30,910 | ​ | ​ | 28,159 | ​ | ​ | 2,751 | ​ | ​ | 30,910 | ​ | ​ | 27,857 | ​ | ​ | 3,053
Other | ​ |  | 3,686 | ​ |  | 3,686 | ​ |  | — | ​ |  | 3,686 | ​ |  | 3,686 | ​ |  | —
Total | ​ | $ | 508,969 | ​ | $ | 477,568 | ​ | $ | 31,401 | ​ | $ | 508,969 | ​ | $ | 475,064 | ​ | $ | 33,905

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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://fasb.org/us-gaap/role/ref/legacyRef -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=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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