Assets (Tables)

6 Months Ended

Jun. 30, 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)
June 30, 2022
Cash equivalents
Certificate of deposits and time deposits	$	46,720	$	—	$	—	$	46,720
Money market cash		319		—		—		319
Total	$	47,039	$	—	$	—	$	47,039
Short-term investments
U.S. treasuries	$	57,008	$	—	$	—	$	57,008
Government agency securities		—		15,183		—		15,183
Corporate debt		—		39,082		—		39,082
Commercial paper		—		1,886		—		1,886
Total	$	57,008	$	56,151	$	—	$	113,159
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)
June 30, 2022
U.S. treasuries	$	57,697	$	—	$	(689)	$	57,008
Government agency securities		15,291		—		(108)		15,183
Corporate debt		39,659		—		(577)		39,082
Commercial paper		1,886		—		—		1,886
Total	$	114,533	$	—	$	(1,374)	$	113,159
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

	June 30, 2022								December 31, 2021
	Continuous Loss Position				Continuous Loss Position				Continuous Loss Position
	for Less than 12 Months				for 12 Months or More				for Less than 12 Months
			Gross				Gross				Gross
	Estimated		Unrealized		Estimated		Unrealized		Estimated		Unrealized
	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
		(in thousands)
U.S. treasuries	$	57,008	$	(689)	$	—	$	—	$	51,095	$	(174)
Government agency securities		12,585		(100)		2,598		(8)		12,052		(23)
Corporate debt		36,313		(508)		2,769		(69)		40,035		(134)
Total	$	105,906	$	(1,297)	$	5,367	$	(77)	$	103,182	$	(331)

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

	June 30, 2022
	Amortized		Estimated
	Cost		Fair Value
		(in thousands)
Due in one year or less	$	102,309	$	101,262
Due after one year through two years		12,224		11,897
Total	$	114,533	$	113,159

Schedule of inventories

	June 30,		December 31,
	2022		2021
	(in thousands)
Materials	$	105,262	$	96,027
Work-in-process		63,370		54,128
Finished goods		7,859		20,703
Total	$	176,491	$	170,858

Schedule of property, plant, and equipment

	June 30,		December 31,
	2022		2021
	(in thousands)
Land	$	5,061	$	5,061
Building and improvements		63,973		63,946
Machinery and equipment (1)		153,794		145,656
Leasehold improvements		50,404		45,979
Gross property, plant, and equipment		273,232		260,642
Less: accumulated depreciation and amortization		168,201		160,899
Net property, plant, and equipment	$	105,031	$	99,743

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

Schedule of intangible assets excluding goodwill

	June 30, 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	$	313,735	$	14,173	$	327,908	$	310,551	$	17,357
Customer relationships		146,465		134,192		12,273		146,465		132,970		13,495
Trademarks and tradenames		30,910		28,460		2,450		30,910		27,857		3,053
Other		3,686		3,686		—		3,686		3,686		—
Total	$	508,969	$	480,073	$	28,896	$	508,969	$	475,064	$	33,905