Assets (Tables)

3 Months Ended

Mar. 31, 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)
March 31, 2022
Cash equivalents
Certificate of deposits and time deposits	$	53,116	$	—	$	—	$	53,116
Money market cash		208		—		—		208
Total	$	53,324	$	—	$	—	$	53,324
Short-term investments
U.S. treasuries	$	52,147	$	—	$	—	$	52,147
Government agency securities		—		10,484		—		10,484
Corporate debt		—		39,646		—		39,646
Commercial paper		—		1,000		—		1,000
Total	$	52,147	$	51,130	$	—	$	103,277
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)
March 31, 2022
U.S. treasuries	$	52,737	$	—	$	(590)	$	52,147
Government agency securities		10,564		—		(80)		10,484
Corporate debt		40,126		—		(480)		39,646
Commercial paper		1,000		—		—		1,000
Total	$	104,427	$	—	$	(1,150)	$	103,277
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

	March 31, 2022				December 31, 2021
			Gross				Gross
	Estimated		Unrealized		Estimated		Unrealized
	Fair Value		Losses		Fair Value		Losses
		(in thousands)
U.S. treasuries	$	52,147	$	(590)	$	51,095	$	(174)
Government agency securities		10,484		(80)		12,052		(23)
Corporate debt		39,646		(480)		40,035		(134)
Total	$	102,277	$	(1,150)	$	103,182	$	(331)

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

	March 31, 2022
	Amortized		Estimated
	Cost		Fair Value
		(in thousands)
Due in one year or less	$	77,493	$	76,943
Due after one year through two years		26,934		26,334
Total	$	104,427	$	103,277

Schedule of inventories

	March 31,		December 31,
	2022		2021
	(in thousands)
Materials	$	102,296	$	96,027
Work-in-process		60,820		54,128
Finished goods		15,950		20,703
Total	$	179,066	$	170,858

Schedule of property, plant, and equipment

	March 31,		December 31,
	2022		2021
	(in thousands)
Land	$	5,061	$	5,061
Building and improvements		63,973		63,946
Machinery and equipment (1)		149,192		145,656
Leasehold improvements		50,534		45,979
Gross property, plant, and equipment		268,760		260,642
Less: accumulated depreciation and amortization		164,632		160,899
Net property, plant, and equipment	$	104,128	$	99,743

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

Schedule of intangible assets excluding goodwill

	March 31, 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	$	312,142	$	15,766	$	327,908	$	310,551	$	17,357
Customer relationships		146,465		133,581		12,884		146,465		132,970		13,495
Trademarks and tradenames		30,910		28,159		2,751		30,910		27,857		3,053
Other		3,686		3,686		—		3,686		3,686		—
Total	$	508,969	$	477,568	$	31,401	$	508,969	$	475,064	$	33,905