XML 34 R20.htm IDEA: XBRL DOCUMENT v3.23.1

Assets (Tables)

3 Months Ended

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

​

X

- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

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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.

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