Assets (Tables)

3 Months Ended

Mar. 31, 2017

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)
March 31, 2017
Cash equivalents
U.S. treasuries	$	79,962	$	—	$	—	$	79,962
Government agency securities	—		9,997		—		9,997
Corporate debt	—		2,401		—		2,401
Commercial paper	—		8,994		—		8,994
Total	$	79,962	$	21,392	$	—	$	101,354
Short-term investments
U.S. treasuries	$	180,013	$	—	$	—	$	180,013
Government agency securities	—		29,998		—		29,998
Corporate debt	—		30,242		—		30,242
Commercial paper	—		17,943		—		17,943
Total	$	180,013	$	78,183	$	—	$	258,196
December 31, 2016
Cash equivalents
Corporate debt	$	—	$	1,501	$	—	$	1,501
Total	$	—	$	1,501	$	—	$	1,501
Short-term investments
U.S. treasuries	$	40,008	$	—	$	—	$	40,008
Government agency securities	—		10,012		—		10,012
Corporate debt	—		13,773		—		13,773
Commercial paper	—		2,994		—		2,994
Total	$	40,008	$	26,779	$	—	$	66,787

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)
March 31, 2017
U.S. treasuries	$	180,101	$	—	$	(88	)	$	180,013
Government agency securities	30,021		—		(23		)	29,998
Corporate debt	30,265		—		(23		)	30,242
Commercial paper	17,943		—		—			17,943
Total	$	258,330	$	—	$	(134	)	$	258,196
December 31, 2016
U.S. treasuries	$	40,013	$	—	$	(5	)	$	40,008
Government agency securities	10,020		—		(8		)	10,012
Corporate debt	13,780		—		(7		)	13,773
Commerical Paper	2,994		—		—			2,994
Total	$	66,807	$	—	$	(20	)	$	66,787

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

	March 31, 2017					December 31, 2016
			Gross					Gross
	Estimated		Unrealized			Estimated		Unrealized
	Fair Value		Losses			Fair Value		Losses
	(in thousands)
U.S. treasuries	$	180,013	$	(88	)	$	20,002	$	(5	)
Government agency securities	29,998		(23		)	10,012		(8		)
Corporate debt	29,041		(23		)	13,774		(7		)
Total	$	239,052	$	(134	)	$	43,788	$	(20	)

Schedule of inventories

	March 31,		December 31,
	2017		2016
	(in thousands)
Materials	$	42,165	$	46,457
Work-in-process	20,992		25,250
Finished goods	1,540		5,356
Total	$	64,697	$	77,063

Schedule of property, plant, and equipment

	March 31,		December 31,
	2017		2016
	(in thousands)
Land	$	5,669	$	5,669
Building and improvements	51,102		50,814
Machinery and equipment(1)	104,222		99,370
Leasehold improvements	3,884		3,652
Gross property, plant and equipment	164,877		159,505
Less: accumulated depreciation and amortization	101,193		98,859
Net property, plant and equipment	$	63,684	$	60,646

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

Schedule of intangible assets excluding goodwill

	March 31, 2017						December 31, 2016
			Accumulated						Accumulated
	Gross		Amortization				Gross		Amortization
	Carrying		and		Net		Carrying		and		Net
	Amount		Impairment		Amount		Amount		Impairment		Amount
	(in thousands)
Technology	$	149,198	$	115,454	$	33,744	$	149,198	$	113,904	$	35,294
Customer relationships	47,885		29,909		17,976		47,885		28,659		19,226
Trademarks and tradenames	2,590		1,986		604		2,590		1,948		642
Indefinite-lived trademark	2,900		—		2,900		2,900		—		2,900
Other	748		461		287		2,026		1,710		316
Total	$	203,321	$	147,810	$	55,511	$	204,599	$	146,221	$	58,378