Assets (Tables)

3 Months Ended

Mar. 31, 2020

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, 2020
Cash equivalents
Certificate of deposits and time deposits	$	81,796	$	—	$	—	$	81,796
Government money market fund		47,500		—		—		47,500
Commercial paper		—		9,498		—		9,498
Total	$	129,296	$	9,498	$	—	$	138,794
Short-term investments
U.S. treasuries	$	52,507	$	—	$	—	$	52,507
Government agency securities		—		5,976		—		5,976
Corporate debt		—		7,015		—		7,015
Commercial paper		—		13,931		—		13,931
Total	$	52,507	$	26,922	$	—	$	79,429
December 31, 2019
Cash equivalents
Certificate of deposits and time deposits	$	67,009	$	—	$	—	$	67,009
Commercial paper		—		10,484		—		10,484
Corporate debt		—		1,000		—		1,000
Total	$	67,009	$	11,484	$	—	$	78,493
Short-term investments
U.S. treasuries	$	105,130	$	—	$	—	$	105,130
Government agency securities		—		1,139		—		1,139
Corporate debt		—		6,002		—		6,002
Commercial paper		—		2,981		—		2,981
Total	$	105,130	$	10,122	$	—	$	115,252

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, 2020
U.S. treasuries	$	52,285	$	222	$	—	$	52,507
Government agency securities		5,947		29		—		5,976
Corporate debt		7,032		—		(17)		7,015
Commercial paper		13,930		1		—		13,931
Total	$	79,194	$	252	$	(17)	$	79,429
December 31, 2019
U.S. treasuries	$	105,096	$	38	$	(4)	$	105,130
Government agency securities		1,139		—		—		1,139
Corporate debt		6,003		—		(1)		6,002
Commercial paper		2,981		—		—		2,981
Total	$	115,219	$	38	$	(5)	$	115,252

Schedule of fair value and unrealized losses of available-for-sale securities in a loss position

	March 31, 2020				December 31, 2019
			Gross				Gross
	Estimated		Unrealized		Estimated		Unrealized
	Fair Value		Losses		Fair Value		Losses
		(in thousands)
U.S. treasuries	$	—	$	—	$	22,943	$	(4)
Corporate debt		7,015		(17)		6,002		(1)
Total	$	7,015	$	(17)	$	28,945	$	(5)

Schedule of inventories

	March 31,		December 31,
	2020		2019
	(in thousands)
Materials	$	81,684	$	82,155
Work-in-process		41,706		42,575
Finished goods		6,221		8,337
Total	$	129,611	$	133,067

Schedule of classes of assets classified as held for sale

	March 31, 2020
	(in thousands)
Assets held for sale:
Inventories	$	5,988
Property, plant, and equipment, net		310
Intangible assets, net		6,546
Goodwill		2,359
Impairment		(4,020)
Total Assets held for sale	$	11,183

Schedule of property, plant, and equipment

	March 31,		December 31,
	2020		2019
	(in thousands)
Land	$	5,061	$	5,061
Building and improvements		62,631		61,884
Machinery and equipment (1)		136,625		137,692
Leasehold improvements		6,770		6,703
Gross property, plant, and equipment		211,087		211,340
Less: accumulated depreciation and amortization		138,796		135,629
Net property, plant, and equipment	$	72,291	$	75,711

(1) Machinery and equipment also includes software, furniture and fixtures

Schedule of intangible assets excluding goodwill

	March 31, 2020						December 31, 2019
			Accumulated						Accumulated
	Gross		Amortization				Gross		Amortization
	Carrying		and		Net		Carrying		and		Net
	Amount		Impairment		Amount		Amount		Impairment		Amount
	(in thousands)
Technology	$	327,908	$	294,414	$	33,494	$	327,908	$	291,766	$	36,142
Customer relationships		146,465		127,606		18,859		146,465		126,764		19,701
Trademarks and tradenames		30,910		25,596		5,314		30,910		25,256		5,654
Other		3,686		3,673		13		3,686		3,665		21
Total	$	508,969	$	451,289	$	57,680	$	508,969	$	447,451	$	61,518