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v3.23.1

Assets (Tables) | 3 Months Ended
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Mar. 31, 2023
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, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 50,076 | ​ | $ | — | ​ | $ | — | ​ | $ | 50,076
Money market cash | ​ | ​ | 47,128 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 47,128
Total | ​ | $ | 97,204 | ​ | $ | — | ​ | $ | — | ​ | $ | 97,204
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 38,741 | ​ | $ | — | ​ | $ | — | ​ | $ | 38,741
Government agency securities | ​ | ​ | — | ​ | ​ | 26,263 | ​ | ​ | — | ​ | ​ | 26,263
Corporate debt | ​ | ​ | — | ​ | ​ | 31,294 | ​ | ​ | — | ​ | ​ | 31,294
Commercial paper | ​ | ​ | — | ​ | ​ | 15,872 | ​ | ​ | — | ​ | ​ | 15,872
Total | ​ | $ | 38,741 | ​ | $ | 73,429 | ​ | $ | — | ​ | $ | 112,170
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 61,135 | ​ | $ | — | ​ | $ | — | ​ | $ | 61,135
Money market cash | ​ | ​ | 405 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 405
Total | ​ | $ | 61,540 | ​ | $ | — | ​ | $ | — | ​ | $ | 61,540
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 62,849 | ​ | $ | — | ​ | $ | — | ​ | $ | 62,849
Government agency securities | ​ | ​ | — | ​ | ​ | 27,366 | ​ | ​ | — | ​ | ​ | 27,366
Corporate debt | ​ | ​ | — | ​ | ​ | 41,591 | ​ | ​ | — | ​ | ​ | 41,591
Commercial paper | ​ | ​ | — | ​ | ​ | 15,682 | ​ | ​ | — | ​ | ​ | 15,682
Total | ​ | $ | 62,849 | ​ | $ | 84,639 | ​ | $ | — | ​ | $ | 147,488
​
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, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 38,929 | ​ | $ | — | ​ | $ | (188) | ​ | $ | 38,741
Government agency securities | ​ | ​ | 26,295 | ​ | ​ | 8 | ​ | ​ | (40) | ​ | ​ | 26,263
Corporate debt | ​ | ​ | 31,462 | ​ | ​ | — | ​ | ​ | (168) | ​ | ​ | 31,294
Commercial paper | ​ | ​ | 15,872 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 15,872
Total | ​ | $ | 112,558 | ​ | $ | 8 | ​ | $ | (396) | ​ | $ | 112,170
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 63,331 | ​ | $ | — | ​ | $ | (482) | ​ | $ | 62,849
Government agency securities | ​ | ​ | 27,464 | ​ | ​ | — | ​ | ​ | (98) | ​ | ​ | 27,366
Corporate debt | ​ |  | 42,006 | ​ | ​ | — | ​ | ​ | (415) | ​ |  | 41,591
Commercial paper | ​ | ​ | 15,682 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 15,682
Total | ​ | $ | 148,483 | ​ | $ | — | ​ | $ | (995) | ​ | $ | 147,488
​
Schedule of fair value and unrealized losses of available-for-sale securities in a loss position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Continuous Loss Position | ​ | Continuous Loss Position
​ | ​ | for Less than 12 Months | ​ | for 12 Months or More
​ |  | ​ | ​ |  | Gross |  | ​ | ​ |  | Gross
​ | ​ | Estimated | ​ | Unrealized | ​ | Estimated | ​ | Unrealized
​ | ​ | Fair Value | ​ | Losses | ​ | Fair Value | ​ | Losses
​ | ​ | ​ | (in thousands)
March 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 26,462 | ​ | $ | (20) | ​ | $ | 12,279 | ​ | $ | (168)
Government agency securities | ​ | ​ | 24,255 | ​ | ​ | (40) | ​ | ​ | — | ​ | ​ | —
Corporate debt | ​ |  | 17,123 | ​ |  | (85) | ​ |  | 14,171 | ​ |  | (83)
Total | ​ | $ | 67,840 | ​ | $ | (145) | ​ | $ | 26,450 | ​ | $ | (251)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 39,791 | ​ | $ | (84) | ​ | $ | 23,057 | ​ | $ | (398)
Government agency securities | ​ | ​ | 22,528 | ​ | ​ | (86) | ​ | ​ | 4,838 | ​ | ​ | (12)
Corporate debt | ​ |  | 19,693 | ​ |  | (138) | ​ |  | 21,898 | ​ |  | (277)
Total | ​ | $ | 82,012 | ​ | $ | (308) | ​ | $ | 49,793 | ​ | $ | (687)
​
Schedule of contractual maturities of securities classified as available-for-sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023
​ | ​ | Amortized | ​ | Estimated
​ | ​ | Cost | ​ | Fair Value
​ | ​ | ​ | (in thousands)
Due in one year or less | ​ | $ | 109,067 | ​ | $ | 108,704
Due after one year through two years | ​ | ​ | 3,491 | ​ |  | 3,466
Total | ​ | $ | 112,558 | ​ | $ | 112,170
​
Schedule of inventories | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2023 |  | 2022
​ | ​ | (in thousands)
Materials | ​ | $ | 143,124 | ​ | $ | 134,940
Work-in-process | ​ |  | 73,676 | ​ |  | 68,765
Finished goods | ​ |  | 8,917 | ​ |  | 3,203
Total | ​ | $ | 225,717 | ​ | $ | 206,908
​
Schedule of property, plant, and equipment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2023 |  | 2022
​ | ​ | (in thousands)
Land | ​ | $ | 5,061 | ​ | $ | 5,061
Building and improvements | ​ |  | 64,198 | ​ |  | 64,198
Machinery and equipment (1) | ​ |  | 167,922 | ​ |  | 155,533
Leasehold improvements | ​ |  | 51,065 | ​ |  | 54,764
Gross property, plant, and equipment | ​ |  | 288,246 | ​ |  | 279,556
Less: accumulated depreciation and amortization | ​ |  | 175,018 | ​ |  | 172,275
Net property, plant, and equipment | ​ | $ | 113,228 | ​ | $ | 107,281
(1) | Machinery and equipment also includes software, furniture and fixtures
​
Schedule of changes in goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Gross carrying |  | Accumulated |  | ​
​ | ​ | amount | ​ | impairment | ​ | Net amount
​ |  | (in thousands)
Balance at December 31, 2022 | ​ | $ | 430,331 | ​ | $ | 248,388 | ​ | $ | 181,943
Acquisition | ​ | ​ | 33,021 | ​ | ​ | — | ​ | ​ | 33,021
Balance at March 31, 2023 | ​ | $ | 463,352 | ​ | $ | 248,388 | ​ | $ | 214,964
​
Schedule of intangible assets excluding goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023 | ​ | December 31, 2022
​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​
​ |  | Gross |  | Amortization |  | ​ |  | Gross |  | Amortization |  | ​
​ | ​ | Carrying | ​ | and | ​ | Net | ​ | Carrying | ​ | and | ​ | Net
​ | ​ | Amount | ​ | Impairment | ​ | Amount | ​ | Amount | ​ | Impairment | ​ | Amount
​ | ​ | (in thousands)
Technology | ​ | $ | 355,928 | ​ | $ | 318,168 | ​ | $ | 37,760 | ​ | $ | 327,908 | ​ | $ | 316,918 | ​ | $ | 10,990
Customer relationships | ​ | ​ | 146,925 | ​ | ​ | 135,967 | ​ | ​ | 10,958 | ​ | ​ | 146,465 | ​ | ​ | 135,415 | ​ | ​ | 11,050
Trademarks and tradenames | ​ | ​ | 30,910 | ​ | ​ | 29,365 | ​ | ​ | 1,545 | ​ | ​ | 30,910 | ​ | ​ | 29,063 | ​ | ​ | 1,847
Other | ​ |  | 3,746 | ​ |  | 3,693 | ​ |  | 53 | ​ |  | 3,686 | ​ |  | 3,686 | ​ |  | —
Total | ​ | $ | 537,509 | ​ | $ | 487,193 | ​ | $ | 50,316 | ​ | $ | 508,969 | ​ | $ | 485,082 | ​ | $ | 23,887
​

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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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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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 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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