SEGMENT INFORMATION

6 Months Ended

Mar. 29, 2014

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company operates two reportable segments: Equipment and Expendable Tools. The Equipment segment manufactures and sells a line of ball bonders and heavy wire wedge bonders that are sold to semiconductor device manufacturers, their outsourced semiconductor assembly and test subcontractors, other electronics manufacturers and automotive electronics suppliers. The Company also services, maintains, repairs and upgrades its equipment. The Expendable Tools segment manufactures and sells a variety of expendable tools for a broad range of semiconductor packaging applications.

The following table reflects operating information by segment for the three and six months ended March 29, 2014 and March 30, 2013: 

	Three months ended				Six months ended
(in thousands)	March 29, 2014		March 30, 2013		March 29, 2014			March 30, 2013
Net revenue:
Equipment	$	97,612	$	91,083	$	160,757		$	190,985
Expendable Tools	16,594		15,027		32,562			29,164
Net revenue	114,206		106,110		193,319			220,149
Cost of sales :
Equipment	50,711		51,140		85,184			107,572
Expendable Tools	5,823		6,150		12,098			12,232
Cost of sales	56,534		57,290		97,282			119,804
Gross profit :
Equipment	46,901		39,943		75,573			83,413
Expendable Tools	10,771		8,877		20,464			16,932
Gross profit	57,672		48,820		96,037			100,345
Operating expenses:
Equipment	41,608		35,515		77,160			77,240
Expendable Tools	5,953		5,115		10,974			10,710
Operating expenses	47,561		40,630		88,134			87,950
Income from operations:
Equipment	5,293		4,428		(1,587		)	6,173
Expendable Tools	4,818		3,762		9,490			6,222
Income from operations	$	10,111	$	8,190	$	7,903		$	12,395

The following table reflects assets by segment as of March 29, 2014 and September 28, 2013:

	As of
(in thousands)	March 29, 2014		September 28, 2013
Segment assets:
Equipment	$	750,155	$	764,793
Expendable Tools	121,878		98,201
Total assets	$	872,033	$	862,994

The following tables reflect capital expenditures for the six months ended March 29, 2014 and March 30, 2013, and depreciation expense for the three and six months ended March 29, 2014 and March 30, 2013:

	Six months ended
(in thousands)	March 29, 2014		March 30, 2013
Capital expenditures:
Equipment	$	6,591	$	2,349
Expendable Tools	1,983		1,054
Capital expenditures	$	8,574	$	3,403

	Three months ended				Six months ended
(in thousands)	March 29, 2014		March 30, 2013		March 29, 2014		March 30, 2013
Depreciation expense
Equipment	$	1,514	$	1,805	$	2,612	$	3,701
Expendable Tools	650		603		1,215		1,214
Depreciation expense	$	2,164	$	2,408	$	3,827	$	4,915