Assets (Tables)

6 Months Ended

Jun. 30, 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)
June 30, 2020
Cash equivalents
Certificate of deposits and time deposits	$	94,303	$	—	$	—	$	94,303
Government money market fund		48,172		—		—		48,172
Commercial paper		—		5,999		—		5,999
Total	$	142,475	$	5,999	$	—	$	148,474
Short-term investments
U.S. treasuries	$	77,746	$	—	$	—	$	77,746
Government agency securities		—		5,995		—		5,995
Corporate debt		—		12,078		—		12,078
Commercial paper		—		16,460		—		16,460
Total	$	77,746	$	34,533	$	—	$	112,279
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)
June 30, 2020
U.S. treasuries	$	77,692	$	58	$	(4)	$	77,746
Government agency securities		5,971		24		—		5,995
Corporate debt		12,069		13		(4)		12,078
Commercial paper		16,459		1		—		16,460
Total	$	112,191	$	96	$	(8)	$	112,279
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

	June 30, 2020				December 31, 2019
			Gross				Gross
	Estimated		Unrealized		Estimated		Unrealized
	Fair Value		Losses		Fair Value		Losses
		(in thousands)
U.S. treasuries	$	55,320	$	(4)	$	22,943	$	(4)
Corporate debt		4,040		(4)		6,002		(1)
Total	$	59,360	$	(8)	$	28,945	$	(5)

Schedule of inventories

	June 30,		December 31,
	2020		2019
	(in thousands)
Materials	$	76,977	$	82,155
Work-in-process		52,380		42,575
Finished goods		7,198		8,337
Total	$	136,555	$	133,067

Schedule of classes of assets classified as held for sale

Net assets sold:	(in thousands)
Inventories	$	6,311
Property, plant, and equipment, net		372
Intangible assets, net		6,546
Goodwill		2,359
Deferred revenue		(59)
Total net assets sold	$	15,529
Net proceeds after costs to sell		(11,228)
Total loss on sale of disposal group	$	4,301

Schedule of property, plant, and equipment

	June 30,		December 31,
	2020		2019
	(in thousands)
Land	$	5,061	$	5,061
Building and improvements		62,732		61,884
Machinery and equipment (1)		137,192		137,692
Leasehold improvements		6,795		6,703
Gross property, plant, and equipment		211,780		211,340
Less: accumulated depreciation and amortization		142,610		135,629
Net property, plant, and equipment	$	69,170	$	75,711

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

Schedule of intangible assets excluding goodwill

	June 30, 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	$	297,062	$	30,846	$	327,908	$	291,766	$	36,142
Customer relationships		146,465		128,448		18,017		146,465		126,764		19,701
Trademarks and tradenames		30,910		25,935		4,975		30,910		25,256		5,654
Other		3,686		3,678		8		3,686		3,665		21
Total	$	508,969	$	455,123	$	53,846	$	508,969	$	447,451	$	61,518