Income (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

Income (Loss) Per Common Share

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

	Three months ended March 31,
	2017		2016
	(in thousands, except per share amounts)
Net income (loss)	$	1,095	$	(15,533	)
Net income (loss) per common share:
Basic	$	0.03	$	(0.40	)
Diluted	$	0.03	$	(0.40	)
Basic weighted average shares outstanding	39,619		39,113
Effect of potentially dilutive share-based awards	521		—
Diluted weighted average shares outstanding	40,140		39,113
Unvested participating shares excluded from basic weighted average shares outstanding since the securityholders are not obligated to fund losses	N/A		722
Common share equivalents excluded from the diluted weighted average shares outstanding since Veeco incurred a net loss and their effect would be antidilutive	N/A		66
Potentially dilutive non-participating shares excluded from the diluted calculation as their effect would be antidilutive	1,499		2,295
Maximum potential shares to be issued for settlement of Convertible Senior Notes excluded from the diluted calculation as their effect would be antidilutive	8,618		N/A