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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Sep. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill
Intangible assets classified as goodwill are not amortized. The Company performs an annual impairment test of its goodwill during the fourth quarter of each fiscal year, which coincides with the completion of its annual forecasting and refreshing of business outlook process. The Company performed its annual assessment in the fourth quarter of fiscal 2019 and concluded that no impairment charge was required. During the fiscal year ended September 28, 2019, the Company reviewed qualitative factors to ascertain if a "triggering" event may have taken place that may have the effect of reducing the fair value of the reporting unit below its carrying value and concluded that no triggering event had occurred.
The following table summarizes the Company's recorded goodwill by reportable segments as of September 28, 2019 and September 29, 2018:
(in thousands)
 
Capital Equipment
 
APS
Balance at September 29, 2018
 
$
30,159

 
$
26,391

Other
 
(679
)
 
(180
)
Balance at September 28, 2019
 
$
29,480

 
$
26,211


Intangible Assets
Intangible assets with determinable lives are amortized over their estimated useful lives. The Company's intangible assets consist primarily of developed technology, customer relationships and trade and brand names.
The following table reflects net intangible assets as of September 28, 2019 and September 29, 2018: 
 
 
As of
 
Average estimated
(dollar amounts in thousands)
 
September 28, 2019
 
September 29, 2018
 
useful lives (in years)
Developed technology
 
$
87,209

 
$
90,500

 
7.0 to 15.0
Accumulated amortization
 
(48,718
)
 
(45,229
)
 
 
Net developed technology
 
$
38,491

 
$
45,271

 
 
 
 
 
 
 
 
 
Customer relationships
 
$
35,180

 
$
36,131

 
5.0 to 6.0
Accumulated amortization
 
(31,862
)
 
(29,820
)
 
 
Net customer relationships
 
$
3,318

 
$
6,311

 
 
 
 
 
 
 
 
 
Trade and brand names
 
$
7,219

 
$
7,377

 
7.0 to 8.0
Accumulated amortization
 
(6,377
)
 
(6,088
)
 
 
Net trade and brand names
 
$
842

 
$
1,289

 
 
 
 
 
 
 
 
 
Other intangible assets
 
$
2,500

 
$
2,500

 
1.9
Accumulated amortization
 
(2,500
)
 
(2,500
)
 
 
Net wedge bonder other intangible assets
 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
Net intangible assets
 
$
42,651

 
$
52,871

 
 


The following table reflects estimated annual amortization expense related to intangible assets as of September 28, 2019:
 
As of
(in thousands)
September 28, 2019
Fiscal 2020
$
7,196

Fiscal 2021
5,212

Fiscal 2022
4,271

Fiscal 2023
4,177

Fiscal 2024 and thereafter
21,795

Total amortization expense
$
42,651