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v3.22.2

Assets (Tables) | 6 Months Ended
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Jun. 30, 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)
June 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 46,720 | ​ | $ | — | ​ | $ | — | ​ | $ | 46,720
Money market cash | ​ | ​ | 319 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 319
Total | ​ | $ | 47,039 | ​ | $ | — | ​ | $ | — | ​ | $ | 47,039
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 57,008 | ​ | $ | — | ​ | $ | — | ​ | $ | 57,008
Government agency securities | ​ | ​ | — | ​ | ​ | 15,183 | ​ | ​ | — | ​ | ​ | 15,183
Corporate debt | ​ | ​ | — | ​ | ​ | 39,082 | ​ | ​ | — | ​ | ​ | 39,082
Commercial paper | ​ | ​ | — | ​ | ​ | 1,886 | ​ | ​ | — | ​ | ​ | 1,886
Total | ​ | $ | 57,008 | ​ | $ | 56,151 | ​ | $ | — | ​ | $ | 113,159
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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)
June 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 57,697 | ​ | $ | — | ​ | $ | (689) | ​ | $ | 57,008
Government agency securities | ​ | ​ | 15,291 | ​ | ​ | — | ​ | ​ | (108) | ​ | ​ | 15,183
Corporate debt | ​ | ​ | 39,659 | ​ | ​ | — | ​ | ​ | (577) | ​ | ​ | 39,082
Commercial paper | ​ | ​ | 1,886 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,886
Total | ​ | $ | 114,533 | ​ | $ | — | ​ | $ | (1,374) | ​ | $ | 113,159
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2022 | ​ | December 31, 2021
​ | ​ | Continuous Loss Position | ​ | Continuous Loss Position | ​ | Continuous Loss Position
​ | ​ | for Less than 12 Months | ​ | for 12 Months or More | ​ | for Less than 12 Months
​ |  | ​ | ​ |  | Gross |  | ​ | ​ |  | Gross |  | ​ |  | Gross
​ | ​ | Estimated | ​ | Unrealized | ​ | Estimated | ​ | Unrealized | ​ | Estimated | ​ | Unrealized
​ | ​ | Fair Value | ​ | Losses | ​ | Fair Value | ​ | Losses | ​ | Fair Value | ​ | Losses
​ | ​ | ​ | (in thousands)
U.S. treasuries | ​ | $ | 57,008 | ​ | $ | (689) | ​ | $ | — | ​ | $ | — | ​ | $ | 51,095 | ​ | $ | (174)
Government agency securities | ​ | ​ | 12,585 | ​ | ​ | (100) | ​ | ​ | 2,598 | ​ | ​ | (8) | ​ | ​ | 12,052 | ​ | ​ | (23)
Corporate debt | ​ |  | 36,313 | ​ |  | (508) | ​ |  | 2,769 | ​ |  | (69) | ​ |  | 40,035 | ​ |  | (134)
Total | ​ | $ | 105,906 | ​ | $ | (1,297) | ​ | $ | 5,367 | ​ | $ | (77) | ​ | $ | 103,182 | ​ | $ | (331)
Schedule of contractual maturities of securities classified as available-for-sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2022
​ | ​ | Amortized | ​ | Estimated
​ | ​ | Cost | ​ | Fair Value
​ | ​ | ​ | (in thousands)
Due in one year or less | ​ | $ | 102,309 | ​ | $ | 101,262
Due after one year through two years | ​ | ​ | 12,224 | ​ |  | 11,897
Total | ​ | $ | 114,533 | ​ | $ | 113,159
Schedule of inventories | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2022 |  | 2021
​ | ​ | (in thousands)
Materials | ​ | $ | 105,262 | ​ | $ | 96,027
Work-in-process | ​ |  | 63,370 | ​ |  | 54,128
Finished goods | ​ |  | 7,859 | ​ |  | 20,703
Total | ​ | $ | 176,491 | ​ | $ | 170,858
Schedule of property, plant, and equipment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2022 |  | 2021
​ | ​ | (in thousands)
Land | ​ | $ | 5,061 | ​ | $ | 5,061
Building and improvements | ​ |  | 63,973 | ​ |  | 63,946
Machinery and equipment (1) | ​ |  | 153,794 | ​ |  | 145,656
Leasehold improvements | ​ |  | 50,404 | ​ |  | 45,979
Gross property, plant, and equipment | ​ |  | 273,232 | ​ |  | 260,642
Less: accumulated depreciation and amortization | ​ |  | 168,201 | ​ |  | 160,899
Net property, plant, and equipment | ​ | $ | 105,031 | ​ | $ | 99,743
(1) | Machinery and equipment also includes software, furniture and fixtures
​
Schedule of intangible assets excluding goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 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 | ​ | $ | 313,735 | ​ | $ | 14,173 | ​ | $ | 327,908 | ​ | $ | 310,551 | ​ | $ | 17,357
Customer relationships | ​ | ​ | 146,465 | ​ | ​ | 134,192 | ​ | ​ | 12,273 | ​ | ​ | 146,465 | ​ | ​ | 132,970 | ​ | ​ | 13,495
Trademarks and tradenames | ​ | ​ | 30,910 | ​ | ​ | 28,460 | ​ | ​ | 2,450 | ​ | ​ | 30,910 | ​ | ​ | 27,857 | ​ | ​ | 3,053
Other | ​ |  | 3,686 | ​ |  | 3,686 | ​ |  | — | ​ |  | 3,686 | ​ |  | 3,686 | ​ |  | —
Total | ​ | $ | 508,969 | ​ | $ | 480,073 | ​ | $ | 28,896 | ​ | $ | 508,969 | ​ | $ | 475,064 | ​ | $ | 33,905

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