RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Tables)

12 Months Ended

Sep. 30, 2017

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

	As of
	September 30, 2017
	As Previously Reported		Effect of Restatement			As Restated
Accrued expenses and other current liabilities	132,314		(7,467		)	124,847
Total current liabilities	200,448		(7,467		)	192,981
Deferred income taxes	26,779		373			27,152
TOTAL LIABILITIES	$	258,171	$	(7,094	)	$	251,077
Retained earnings	561,986		7,094			569,080
TOTAL SHAREHOLDERS' EQUITY	$	912,936	$	7,094		$	920,030

	As of
	October 1, 2016
	As Previously Reported		Effect of Restatement			As Restated
Accrued expenses and other current liabilities	63,954		7,362			71,316
Total current liabilities	118,597		7,362			125,959
Deferred income taxes	27,697		(368		)	27,329
TOTAL LIABILITIES	$	175,926	$	6,994		$	182,920
Retained earnings	449,975		(6,994		)	442,981
TOTAL SHAREHOLDERS' EQUITY	$	806,518	$	(6,994	)	$	799,524

	Fiscal 2017
	As Previously Reported			Effect of Restatement			As Restated
Cost of sales	433,995			(7,048		)	426,947
Gross profit	375,046			7,048			382,094
Selling, general and administrative	141,382			(7,781		)	133,601
Operating expenses	276,792			(7,781		)	269,011
Income from operations	98,254			14,829			113,083
Income from operations before income taxes	103,686			14,829			118,515
Income tax benefit	(8,135		)	741			(7,394		)
Net income	$	112,011		$	14,088		$	126,099
Net income per share:
Basic	$	1.58		$	0.20		$	1.78
Diluted	$	1.55		$	0.20		$	1.75

	Fiscal 2016
	As Previously Reported		Effect of Restatement			As Restated
Cost of sales	340,463		5,693			346,156
Gross profit	286,729		(5,693		)	281,036
Selling, general and administrative	141,816		(7,107		)	134,709
Operating expenses	234,190		(7,107		)	227,083
Income from operations	52,539		1,414			53,953
Income from operations before income taxes	54,750		1,414			56,164
Income tax expense	7,638		71			7,709
Net income	$	47,112	$	1,343		$	48,455
Net income per share:
Basic	$	0.67	$	0.02		$	0.69
Diluted	$	0.67	$	0.02		$	0.68

	Fiscal 2015
	As Previously Reported			Effect of Restatement			As Restated
Cost of sales	277,379			7,145			284,524
Gross profit	259,092			(7,145		)	251,947
Selling, general and administrative	131,808			(8,485		)	123,323
Operating expenses	221,841			(8,485		)	213,356
Income from operations	37,251			1,340			38,591
Income from operations before income taxes	37,705			1,340			39,045
Income tax benefit	(12,934		)	67			(12,867		)
Net income	$	50,639		$	1,273		$	51,912
Net income per share:
Basic	$	0.67		$	0.02		$	0.69
Diluted	$	0.67		$	0.02		$	0.69

	Fiscal 2017
	As Previously Reported		Effect of Restatement		As Restated
Net income	$	112,011	$	14,088	$	126,099
Comprehensive income	$	116,776	$	14,088	$	130,864

	Fiscal 2016
	As Previously Reported		Effect of Restatement		As Restated
Net income	$	47,112	$	1,343	$	48,455
Comprehensive income	$	45,483	$	1,343	$	46,826

	Fiscal 2015
	As Previously Reported		Effect of Restatement		As Restated
Net income	$	50,639	$	1,273	$	51,912
Comprehensive income	$	47,298	$	1,273	$	48,571

	Common Stock					Treasury Stock			Retained earnings			Accumulated Other Comprehensive Income			Shareholders' Equity
	Shares		Amount
(As Previously Reported)
Balances as of October 1, 2016	70,420		$	498,676		$	(139,407	)	$	449,975		$	(2,726	)	806,518
Issuance of stock for services rendered	45		750			—			—			—			750
Repurchase of common stock	(945	)	—			(18,197		)	—			—			(18,197		)
Exercise of stock options	61		509			—			—			—			509
Issuance of shares for market-based restricted stock and time-based restricted stock	616		—			—			—			—			—
Excess tax benefits from stock based compensation	—		(4,392		)	—			—			—			(4,392		)
Equity-based compensation expense	—		10,972			—			—			—			10,972
Components of comprehensive income:
Net income	—		—			—			112,011			—			112,011
Translation adjustment	—		—			—			—			1,960			1,960
Unrealized loss on derivative instruments	—		—			—			—			1,815			1,815
Unamortized pension costs	—		—			—			—			990			990
Total comprehensive income	—		—			—			112,011			4,765			116,776
Balances as of September 30, 2017	70,197		$	506,515		$	(157,604	)	$	561,986		$	2,039		$	912,936
(Effect of Restatement)
Balances as of October 1, 2016	—		—			—			(6,994		)	—			(6,994		)
Issuance of stock for services rendered	—		—			—			—			—			—
Repurchase of common stock	—		—			—			—			—			—
Exercise of stock options	—		—			—			—			—			—
Issuance of shares for market-based restricted stock and time-based restricted stock	—		—			—			—			—			—
Excess tax benefits from stock based compensation	—		—			—			—			—			—
Equity-based compensation expense	—		—			—			—			—			—
Components of comprehensive income:
Net income	—		—			—			14,088			—			14,088
Translation adjustment	—		—			—			—			—			—
Unrealized loss on derivative instruments	—		—			—			—			—			—
Unamortized pension costs	—		—			—			—			—			—
Total comprehensive income	—		—			—			14,088			—			14,088
Balances as of September 30, 2017	—		$	—		$	—		$	7,094		$	—		$	7,094
(As Restated)
Balances as of October 1, 2016	70,420		498,676			(139,407		)	442,981			(2,726		)	799,524
Issuance of stock for services rendered	45		750			—			—			—			750
Repurchase of common stock	(945	)	—			(18,197		)	—			—			(18,197		)
Exercise of stock options	61		509			—			—			—			509
Issuance of shares for market-based restricted stock and time-based restricted stock	616		—			—			—			—			—
Excess tax benefits from stock based compensation	—		(4,392		)	—			—			—			(4,392		)
Equity-based compensation expense	—		10,972			—			—			—			10,972
Components of comprehensive income:
Net income	—		—			—			126,099			—			126,099
Translation adjustment	—		—			—			—			1,960			1,960
Unrealized loss on derivative instruments	—		—			—			—			1,815			1,815
Unamortized pension costs	—		—			—			—			990			990
Total comprehensive income	—		—			—			126,099			4,765			130,864
Balances as of September 30, 2017	70,197		$	506,515		$	(157,604	)	$	569,080		$	2,039		$	920,030

KULICKE AND SOFFA INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

(in thousands)

	Common Stock				Treasury Stock			Retained earnings			Accumulated Other Comprehensive Income			Shareholders' Equity
	Shares		Amount
(As Previously Reported)
Balances as of October 3, 2015	71,240		$	492,339	$	(124,856	)	$	402,863		$	(1,097	)	769,249
Issuance of stock for services rendered	50		551		—			—			—			551
Repurchase of common stock	(1,408	)	—		(14,551		)	—			—			(14,551		)
Exercise of stock options	53		410		—			—			—			410
Issuance of shares for market-based restricted stock and time-based restricted stock	485		—		—			—			—			—
Excess tax benefits from stock based compensation	—		197		—			—			—			197
Equity-based compensation expense	—		5,179		—			—			—			5,179
Components of comprehensive income:
Net income	—		—		—			47,112			—			47,112
Translation adjustment	—		—		—			—			624			624
Unrealized loss on derivative instruments	—		—		—			—			(462		)	(462		)
Unamortized pension costs	—		—		—			—			(1,791		)	(1,791		)
Total comprehensive income	—		—		—			47,112			(1,629		)	45,483
Balances as of October 1, 2016	70,420		$	498,676	$	(139,407	)	$	449,975		$	(2,726	)	$	806,518
(Effect of Restatement)
Balances as of October 3, 2015	—		—		—			(8,337		)	—			(8,337		)
Issuance of stock for services rendered	—		—		—			—			—			—
Repurchase of common stock	—		—		—			—			—			—
Exercise of stock options	—		—		—			—			—			—
Issuance of shares for market-based restricted stock and time-based restricted stock	—		—		—			—			—			—
Excess tax benefits from stock based compensation	—		—		—			—			—			—
Equity-based compensation expense	—		—		—			—			—			—
Components of comprehensive income:
Net income	—		—		—			1,343			—			1,343
Translation adjustment	—		—		—			—			—			—
Unrealized loss on derivative instruments	—		—		—			—			—			—
Unamortized pension costs	—		—		—			—			—			—
Total comprehensive income	—		—		—			1,343			—			1,343
Balances as of October 1, 2016	—		$	—	$	—		$	(6,994	)	$	—		$	(6,994	)
(As Restated)
Balances as of October 3, 2015	71,240		492,339		(124,856		)	394,526			(1,097		)	760,912
Issuance of stock for services rendered	50		551		—			—			—			551
Repurchase of common stock	(1,408	)	—		(14,551		)	—			—			(14,551		)
Exercise of stock options	53		410		—			—			—			410
Issuance of shares for market-based restricted stock and time-based restricted stock	485		—		—			—			—			—
Excess tax benefits from stock based compensation	—		197		—			—			—			197
Equity-based compensation expense	—		5,179		—			—			—			5,179
Components of comprehensive income:														—
Net income	—		—		—			48,455			—			48,455
Translation adjustment	—		—		—			—			624			624
Unrealized loss on derivative instruments	—		—		—			—			(462		)	(462		)
Unamortized pension costs	—		—		—			—			(1,791		)	(1,791		)
Total comprehensive income	—		—		—			48,455			(1,629		)	46,826
Balances as of October 1, 2016	70,420		$	498,676	$	(139,407	)	$	442,981		$	(2,726	)	$	799,524

KULICKE AND SOFFA INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

(in thousands)

	Common Stock				Treasury Stock			Retained earnings			Accumulated Other Comprehensive Income			Shareholders' Equity
	Shares		Amount
(As Previously Reported)
Balances as of September 27, 2014	76,626		$	479,116	$	(46,984	)	$	352,224		$	2,244		786,600
Issuance of stock for services rendered	83		1,049		—			—			—			1,049
Repurchase of common stock	(6,405	)	—		(77,872		)	—			—			(77,872		)
Exercise of stock options	75		694		—			—			—			694
Issuance of shares for market-based restricted stock and time-based restricted stock	861		—		—			—			—			—
Excess tax benefits from stock based compensation	—		540		—			—			—			540
Equity-based compensation expense	—		10,940		—			—			—			10,940
Components of comprehensive income:														—
Net income	—		—		—			50,639			—			50,639
Translation adjustment	—		—		—			—			(3,360		)	(3,360		)
Unamortized pension costs	—		—		—			—			19			19
Total comprehensive income	—		—		—			50,639			(3,341		)	47,298
Balances as of October 3, 2015	71,240		$	492,339	$	(124,856	)	$	402,863		$	(1,097	)	$	769,249
(Effect of Restatement)
Balances as of September 27, 2014	—		—		—			(9,610		)	—			(9,610		)
Issuance of stock for services rendered	—		—		—			—			—			—
Repurchase of common stock	—		—		—			—			—			—
Exercise of stock options	—		—		—			—			—			—
Issuance of shares for market-based restricted stock and time-based restricted stock	—		—		—			—			—			—
Excess tax benefits from stock based compensation	—		—		—			—			—			—
Equity-based compensation expense	—		—		—			—			—			—
Components of comprehensive income:														—
Net income	—		—		—			1,273			—			1,273
Translation adjustment	—		—		—			—			—			—
Unamortized pension costs	—		—		—			—			—			—
Total comprehensive income	—		—		—			1,273			—			1,273
Balances as of October 3, 2015	—		$	—	$	—		$	(8,337	)	$	—		$	(8,337	)
(As Restated)
Balances as of September 27, 2014	76,626		479,116		(46,984		)	342,614			2,244			776,990
Issuance of stock for services rendered	83		1,049		—			—			—			1,049
Repurchase of common stock	(6,405	)	—		(77,872		)	—			—			(77,872		)
Exercise of stock options	75		694		—			—			—			694
Issuance of shares for market-based restricted stock and time-based restricted stock	861		—		—			—			—			—
Excess tax benefits from stock based compensation	—		540		—			—			—			540
Equity-based compensation expense	—		10,940		—			—			—			10,940
Components of comprehensive income:														—
Net income	—		—		—			51,912			—			51,912
Translation adjustment	—		—		—			—			(3,360		)	(3,360		)
Unamortized pension costs	—		—		—			—			19			19
Total comprehensive income	—		—		—			51,912			(3,341		)	48,571
Balances as of October 3, 2015	71,240		$	492,339	$	(124,856	)	$	394,526		$	(1,097	)	$	760,912

	Fiscal
	2017
	As Previously Reported			Effect of Restatement			As Restated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	112,011		$	14,088		126,099
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred taxes	(17,499		)	741			(16,758	)
Accounts payable, accrued expenses and other current liabilities	78,254			(14,829		)	63,425
Net cash provided by operating activities	136,310			—			136,310

	Fiscal
	2016
	As Previously Reported			Effect of Restatement			As Restated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	47,112		$	1,343		48,455
Deferred taxes	(15,530		)	71			(15,459	)
Accounts payable, accrued expenses and other current liabilities	34,106			(1,414		)	32,692
Net cash provided by operating activities	68,407			—			68,407

	Fiscal
	2015
	As Previously Reported			Effect of Restatement			As Restated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	50,639		$	1,273		51,912
Deferred taxes	(16,738		)	67			(16,671	)
Accounts payable, accrued expenses and other current liabilities	(32,766		)	(1,340		)	(34,106	)
Net cash provided by operating activities	87,875			—			87,875