Equity

3 Months Ended

Mar. 31, 2015

Equity

Equity

Note 6 — Equity

Accumulated Other Comprehensive Income (“AOCI”)

The following table presents the changes in the balances of each component of AOCI, net of tax:

	Cumulative						Unrealized Gains on
	Translation			Minimum Pension			Available-for-sale
	Adjustment			Liability			Securities		Total
	(in thousands)
Balance at December 31, 2014	$	2,333		$	(881	)	$	17	$	1,469
Other comprehensive income, net of tax	(15		)	—			32		17
Balance at March 31, 2015	$	2,318		$	(881	)	$	49	$	1,486

Veeco did not allocate tax expense to other comprehensive income for the three months ended March 31, 2015 as Veeco is in a full valuation allowance position such that a deferred tax asset related to amounts recognized in other comprehensive income is not regarded as realizable on a more-likely-than-not basis.

There were minimal reclassifications from AOCI into net income for the three months ended March 31, 2015.