Income (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

Income (Loss) Per Common Share

Schedule of basic and diluted net income (loss) per common share and weighted average shares

	Three months ended September 30,					Nine months ended September 30,
	2016			2015		2016			2015
	(in thousands, except per share amounts)
Net income (loss)	$	(69,598	)	$	5,306	$	(117,212	)	$	(22,191	)
Net income (loss) per common share:
Basic	$	(1.78	)	$	0.13	$	(2.99	)	$	(0.56	)
Diluted	$	(1.78	)	$	0.13	$	(2.99	)	$	(0.56	)
Basic weighted average shares outstanding	39,131			40,846		39,193			39,729
Effect of potentially dilutive share-based awards	—			133		—			—
Diluted weighted average shares outstanding	39,131			40,979		39,193			39,729
Unvested participating shares excluded from basic weighted average shares outstanding since the securityholders are not obligated to fund losses	469			—		469			1,076
Common share equivalents excluded from the diluted weighted average shares outstanding since Veeco incurred a net loss and their effect would be antidilutive	140			—		45			165
Potentially dilutive non-participating shares excluded from the diluted calculation as their effect would be antidilutive	2,030			2,264		2,042			2,066