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v3.22.2.2

Assets (Tables) | 9 Months Ended
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Sep. 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)
September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 63,527 | ​ | $ | — | ​ | $ | — | ​ | $ | 63,527
Commercial paper | ​ | ​ | — | ​ | ​ | 4,959 | ​ | ​ | — | ​ | ​ | 4,959
Money market cash | ​ | ​ | 15,066 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 15,066
Total | ​ | $ | 78,593 | ​ | $ | 4,959 | ​ | $ | — | ​ | $ | 83,552
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 46,353 | ​ | $ | — | ​ | $ | — | ​ | $ | 46,353
Government agency securities | ​ | ​ | — | ​ | ​ | 12,879 | ​ | ​ | — | ​ | ​ | 12,879
Corporate debt | ​ | ​ | — | ​ | ​ | 36,745 | ​ | ​ | — | ​ | ​ | 36,745
Commercial paper | ​ | ​ | — | ​ | ​ | 5,885 | ​ | ​ | — | ​ | ​ | 5,885
Total | ​ | $ | 46,353 | ​ | $ | 55,509 | ​ | $ | — | ​ | $ | 101,862
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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)
September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 47,084 | ​ | $ | — | ​ | $ | (732) | ​ | $ | 46,352
Government agency securities | ​ | ​ | 12,991 | ​ | ​ | — | ​ | ​ | (112) | ​ | ​ | 12,879
Corporate debt | ​ | ​ | 37,389 | ​ | ​ | — | ​ | ​ | (643) | ​ | ​ | 36,746
Commercial paper | ​ | ​ | 5,885 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,885
Total | ​ | $ | 103,349 | ​ | $ | — | ​ | $ | (1,487) | ​ | $ | 101,862
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 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 | ​ | $ | 16,973 | ​ | $ | (122) | ​ | $ | 29,379 | ​ | $ | (610) | ​ | $ | 51,095 | ​ | $ | (174)
Government agency securities | ​ | ​ | 8,082 | ​ | ​ | (59) | ​ | ​ | 4,797 | ​ | ​ | (53) | ​ | ​ | 12,052 | ​ | ​ | (23)
Corporate debt | ​ |  | 25,980 | ​ |  | (423) | ​ |  | 10,766 | ​ |  | (220) | ​ |  | 40,035 | ​ |  | (134)
Total | ​ | $ | 51,035 | ​ | $ | (604) | ​ | $ | 44,942 | ​ | $ | (883) | ​ | $ | 103,182 | ​ | $ | (331)
Schedule of contractual maturities of securities classified as available-for-sale |
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2022
​ | ​ | Amortized | ​ | Estimated
​ | ​ | Cost | ​ | Fair Value
​ | ​ | ​ | (in thousands)
Due in one year or less | ​ | $ | 97,762 | ​ | $ | 96,468
Due after one year through two years | ​ | ​ | 5,587 | ​ |  | 5,394
Total | ​ | $ | 103,349 | ​ | $ | 101,862
Schedule of inventories |
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2022 |  | 2021
​ | ​ | (in thousands)
Materials | ​ | $ | 120,021 | ​ | $ | 96,027
Work-in-process | ​ |  | 61,052 | ​ |  | 54,128
Finished goods | ​ |  | 6,664 | ​ |  | 20,703
Total | ​ | $ | 187,737 | ​ | $ | 170,858
Schedule of property, plant, and equipment |
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2022 |  | 2021
​ | ​ | (in thousands)
Land | ​ | $ | 5,061 | ​ | $ | 5,061
Building and improvements | ​ |  | 64,198 | ​ |  | 63,946
Machinery and equipment (1) | ​ |  | 160,365 | ​ |  | 145,656
Leasehold improvements | ​ |  | 50,404 | ​ |  | 45,979
Gross property, plant, and equipment | ​ |  | 280,028 | ​ |  | 260,642
Less: accumulated depreciation and amortization | ​ |  | 171,612 | ​ |  | 160,899
Net property, plant, and equipment | ​ | $ | 108,416 | ​ | $ | 99,743
(1) | Machinery and equipment also includes software, furniture and fixtures
​
Schedule of intangible assets excluding goodwill |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 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 | ​ | $ | 315,327 | ​ | $ | 12,581 | ​ | $ | 327,908 | ​ | $ | 310,551 | ​ | $ | 17,357
Customer relationships | ​ | ​ | 146,465 | ​ | ​ | 134,803 | ​ | ​ | 11,662 | ​ | ​ | 146,465 | ​ | ​ | 132,970 | ​ | ​ | 13,495
Trademarks and tradenames | ​ | ​ | 30,910 | ​ | ​ | 28,762 | ​ | ​ | 2,148 | ​ | ​ | 30,910 | ​ | ​ | 27,857 | ​ | ​ | 3,053
Other | ​ |  | 3,686 | ​ |  | 3,686 | ​ |  | — | ​ |  | 3,686 | ​ |  | 3,686 | ​ |  | —
Total | ​ | $ | 508,969 | ​ | $ | 482,578 | ​ | $ | 26,391 | ​ | $ | 508,969 | ​ | $ | 475,064 | ​ | $ | 33,905

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