GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Dec. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table summarizes the Company's recorded goodwill by reporting segments as of December 28, 2019 and September 28, 2019:

	As of
(in thousands)	December 28, 2019		September 28, 2019
Capital Equipment	$	29,640	$	29,480
APS	26,355		26,211
Total goodwill	$	55,995	$	55,691

Net intangible assets

The following table reflects net intangible assets as of December 28, 2019 and September 28, 2019: 

	As of						Average estimated
(dollar amounts in thousands)	December 28, 2019			September 28, 2019			useful lives (in years)
Developed technology	$	88,368		$	87,209		7.0 to 15.0
Accumulated amortization	(50,117		)	(48,718		)
Net developed technology	$	38,251		$	38,491
Customer relationships	$	35,521		$	35,180		5.0 to 6.0
Accumulated amortization	(32,808		)	(31,862		)
Net customer relationships	$	2,713		$	3,318
Trade and brand names	$	7,274		$	7,219		7.0 to 8.0
Accumulated amortization	(6,510		)	(6,377		)
Net trade and brand names	$	764		$	842
Other intangible assets	$	2,500		$	2,500		1.9
Accumulated amortization	(2,500		)	(2,500		)
Net other intangible assets	$	—		$	—
Net intangible assets	$	41,728		$	42,651

Estimated annual amortization expense related to intangible assets

The following table reflects estimated annual amortization expense related to intangible assets as of December 28, 2019:

	As of
(in thousands)	December 28, 2019
Remaining fiscal 2020	$	5,513
Fiscal 2021	5,324
Fiscal 2022	4,362
Fiscal 2023	4,267
Fiscal 2024	4,267
Thereafter	17,995
Total amortization expense	$	41,728