Assets (Tables)

9 Months Ended

Sep. 30, 2022

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)
September 30, 2022
Cash equivalents
Certificate of deposits and time deposits	$	63,527	$	—	$	—	$	63,527
Commercial paper		—		4,959		—		4,959
Money market cash		15,066		—		—		15,066
Total	$	78,593	$	4,959	$	—	$	83,552
Short-term investments
U.S. treasuries	$	46,353	$	—	$	—	$	46,353
Government agency securities		—		12,879		—		12,879
Corporate debt		—		36,745		—		36,745
Commercial paper		—		5,885		—		5,885
Total	$	46,353	$	55,509	$	—	$	101,862
December 31, 2021
Cash equivalents
Certificate of deposits and time deposits	$	41,544	$	—	$	—	$	41,544
Money market cash		121		—		—		121
Total	$	41,665	$	—	$	—	$	41,665
Short-term investments
U.S. treasuries	$	51,095	$	—	$	—	$	51,095
Government agency securities		—		12,052		—		12,052
Corporate debt		—		40,035		—		40,035
Commercial paper		—		999		—		999
Total	$	51,095	$	53,086	$	—	$	104,181

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)
September 30, 2022
U.S. treasuries	$	47,084	$	—	$	(732)	$	46,352
Government agency securities		12,991		—		(112)		12,879
Corporate debt		37,389		—		(643)		36,746
Commercial paper		5,885		—		—		5,885
Total	$	103,349	$	—	$	(1,487)	$	101,862
December 31, 2021
U.S. treasuries	$	51,269	$	—	$	(174)	$	51,095
Government agency securities		12,075		—		(23)		12,052
Corporate debt		40,169		—		(134)		40,035
Commercial paper		999		—		—		999
Total	$	104,512	$	—	$	(331)	$	104,181

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

	September 30, 2022								December 31, 2021
	Continuous Loss Position				Continuous Loss Position				Continuous Loss Position
	for Less than 12 Months				for 12 Months or More				for Less than 12 Months
			Gross				Gross				Gross
	Estimated		Unrealized		Estimated		Unrealized		Estimated		Unrealized
	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
		(in thousands)
U.S. treasuries	$	16,973	$	(122)	$	29,379	$	(610)	$	51,095	$	(174)
Government agency securities		8,082		(59)		4,797		(53)		12,052		(23)
Corporate debt		25,980		(423)		10,766		(220)		40,035		(134)
Total	$	51,035	$	(604)	$	44,942	$	(883)	$	103,182	$	(331)

Schedule of contractual maturities of securities classified as available-for-sale

	September 30, 2022
	Amortized		Estimated
	Cost		Fair Value
		(in thousands)
Due in one year or less	$	97,762	$	96,468
Due after one year through two years		5,587		5,394
Total	$	103,349	$	101,862

Schedule of inventories

	September 30,		December 31,
	2022		2021
	(in thousands)
Materials	$	120,021	$	96,027
Work-in-process		61,052		54,128
Finished goods		6,664		20,703
Total	$	187,737	$	170,858

Schedule of property, plant, and equipment

	September 30,		December 31,
	2022		2021
	(in thousands)
Land	$	5,061	$	5,061
Building and improvements		64,198		63,946
Machinery and equipment (1)		160,365		145,656
Leasehold improvements		50,404		45,979
Gross property, plant, and equipment		280,028		260,642
Less: accumulated depreciation and amortization		171,612		160,899
Net property, plant, and equipment	$	108,416	$	99,743

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

Schedule of intangible assets excluding goodwill

	September 30, 2022						December 31, 2021
			Accumulated						Accumulated
	Gross		Amortization				Gross		Amortization
	Carrying		and		Net		Carrying		and		Net
	Amount		Impairment		Amount		Amount		Impairment		Amount
	(in thousands)
Technology	$	327,908	$	315,327	$	12,581	$	327,908	$	310,551	$	17,357
Customer relationships		146,465		134,803		11,662		146,465		132,970		13,495
Trademarks and tradenames		30,910		28,762		2,148		30,910		27,857		3,053
Other		3,686		3,686		—		3,686		3,686		—
Total	$	508,969	$	482,578	$	26,391	$	508,969	$	475,064	$	33,905