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v3.24.2.u1

Assets (Tables) | 6 Months Ended
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Jun. 30, 2024
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, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 80,127 | ​ | $ | — | ​ | $ | — | ​ | $ | 80,127
U.S. treasuries | ​ | ​ | 19,971 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 19,971
Money market cash | ​ | ​ | 18,148 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 18,148
Total | ​ | $ | 118,246 | ​ | $ | — | ​ | $ | — | ​ | $ | 118,246
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 58,438 | ​ | $ | — | ​ | $ | — | ​ | $ | 58,438
Government agency securities | ​ | ​ | — | ​ | ​ | 18,068 | ​ | ​ | — | ​ | ​ | 18,068
Corporate debt | ​ | ​ | — | ​ | ​ | 54,190 | ​ | ​ | — | ​ | ​ | 54,190
Total | ​ | $ | 58,438 | ​ | $ | 72,258 | ​ | $ | — | ​ | $ | 130,696
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 74,262 | ​ | $ | — | ​ | $ | — | ​ | $ | 74,262
Corporate debt | ​ | ​ | — | ​ | ​ | 1,988 | ​ | ​ | — | ​ | ​ | 1,988
Money market cash | ​ | ​ | 21,587 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 21,587
Total | ​ | $ | 95,849 | ​ | $ | 1,988 | ​ | $ | — | ​ | $ | 97,837
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 59,493 | ​ | $ | — | ​ | $ | — | ​ | $ | 59,493
Government agency securities | ​ | ​ | — | ​ | ​ | 41,818 | ​ | ​ | — | ​ | ​ | 41,818
Corporate debt | ​ | ​ | — | ​ | ​ | 35,409 | ​ | ​ | — | ​ | ​ | 35,409
Commercial paper | ​ | ​ | — | ​ | ​ | 9,944 | ​ | ​ | — | ​ | ​ | 9,944
Total | ​ | $ | 59,493 | ​ | $ | 87,171 | ​ | $ | — | ​ | $ | 146,664
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, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 58,541 | ​ | $ | — | ​ | $ | (103) | ​ | $ | 58,438
Government agency securities | ​ | ​ | 18,095 | ​ | ​ | — | ​ | ​ | (27) | ​ | ​ | 18,068
Corporate debt | ​ | ​ | 54,307 | ​ | ​ | — | ​ | ​ | (117) | ​ | ​ | 54,190
Total | ​ | $ | 130,943 | ​ | $ | — | ​ | $ | (247) | ​ | $ | 130,696
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 59,541 | ​ | $ | 3 | ​ | $ | (51) | ​ | $ | 59,493
Government agency securities | ​ | ​ | 41,843 | ​ | ​ | 6 | ​ | ​ | (31) | ​ | ​ | 41,818
Corporate debt | ​ |  | 35,447 | ​ | ​ | 9 | ​ | ​ | (47) | ​ |  | 35,409
Commercial paper | ​ | ​ | 9,944 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 9,944
Total | ​ | $ | 146,775 | ​ | $ | 18 | ​ | $ | (129) | ​ | $ | 146,664
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)
June 30, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 58,438 | ​ | $ | (103) | ​ | $ | — | ​ | $ | —
Government agency securities | ​ | ​ | 11,345 | ​ | ​ | (23) | ​ | ​ | 6,723 | ​ | ​ | (4)
Corporate debt | ​ |  | 53,604 | ​ |  | (117) | ​ |  | — | ​ |  | —
Total | ​ | $ | 123,387 | ​ | $ | (243) | ​ | $ | 6,723 | ​ | $ | (4)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 43,118 | ​ | $ | (50) | ​ | $ | — | ​ | $ | —
Government agency securities | ​ | ​ | 34,885 | ​ | ​ | (31) | ​ | ​ | — | ​ | ​ | —
Corporate debt | ​ |  | 23,262 | ​ |  | (33) | ​ |  | 2,618 | ​ |  | (15)
Total | ​ | $ | 101,265 | ​ | $ | (114) | ​ | $ | 2,618 | ​ | $ | (15)
Schedule of contractual maturities of securities classified as available-for-sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024
​ | ​ | Amortized | ​ | Estimated
​ | ​ | Cost | ​ | Fair Value
​ | ​ | ​ | (in thousands)
Due in one year or less | ​ | $ | 129,427 | ​ | $ | 129,190
Due after one year through two years | ​ | ​ | 1,516 | ​ |  | 1,506
Total | ​ | $ | 130,943 | ​ | $ | 130,696
Schedule of inventories | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2024 |  | 2023
​ | ​ | (in thousands)
Materials | ​ | $ | 140,977 | ​ | $ | 139,884
Work-in-process | ​ |  | 76,481 | ​ |  | 71,278
Finished goods | ​ |  | 4,844 | ​ |  | 6,183
Evaluation inventory | ​ | ​ | 22,806 | ​ | ​ | 20,290
Total | ​ | $ | 245,108 | ​ | $ | 237,635
Schedule of property, plant, and equipment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2024 |  | 2023
​ | ​ | (in thousands)
Land | ​ | $ | 5,061 | ​ | $ | 5,061
Building and improvements | ​ |  | 61,431 | ​ |  | 61,679
Machinery and equipment (1) | ​ |  | 184,009 | ​ |  | 181,180
Leasehold improvements | ​ |  | 53,009 | ​ |  | 52,913
Gross property, plant, and equipment | ​ |  | 303,510 | ​ |  | 300,833
Less: accumulated depreciation and amortization | ​ |  | 190,049 | ​ |  | 182,374
Net property, plant, and equipment | ​ | $ | 113,461 | ​ | $ | 118,459
(1) | Machinery and equipment also includes software, furniture and fixtures
​
Schedule of intangible assets excluding goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024 | ​ | December 31, 2023
​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​
​ |  | Gross |  | Amortization |  | ​ |  | Gross |  | Amortization |  | ​
​ | ​ | Carrying | ​ | and | ​ | Net | ​ | Carrying | ​ | and | ​ | Net
​ | ​ | Amount | ​ | Impairment | ​ | Amount | ​ | Amount | ​ | Impairment | ​ | Amount
​ | ​ | (in thousands)
Technology | ​ | $ | 355,928 | ​ | $ | 324,071 | ​ | $ | 31,857 | ​ | $ | 355,928 | ​ | $ | 321,923 | ​ | $ | 34,005
Customer relationships | ​ | ​ | 146,925 | ​ | ​ | 138,660 | ​ | ​ | 8,265 | ​ | ​ | 146,925 | ​ | ​ | 137,649 | ​ | ​ | 9,276
Trademarks and tradenames | ​ | ​ | 30,910 | ​ | ​ | 30,806 | ​ | ​ | 104 | ​ | ​ | 30,910 | ​ | ​ | 30,269 | ​ | ​ | 641
Other | ​ |  | 3,746 | ​ |  | 3,743 | ​ |  | 3 | ​ |  | 3,746 | ​ |  | 3,723 | ​ |  | 23
Total | ​ | $ | 537,509 | ​ | $ | 497,280 | ​ | $ | 40,229 | ​ | $ | 537,509 | ​ | $ | 493,564 | ​ | $ | 43,945

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