GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Mar. 28, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table summarizes the Company's recorded goodwill by reporting segments as of March 28, 2020 and September 28, 2019:

	As of
(in thousands)	March 28, 2020		September 28, 2019
Capital Equipment	$	29,681	$	29,480
Aftermarket Products and Services ("APS")	26,265		26,211
Total goodwill	$	55,946	$	55,691

Net intangible assets

The following table reflects net intangible assets as of March 28, 2020 and September 28, 2019: 

	As of						Average estimated
(dollar amounts in thousands)	March 28, 2020			September 28, 2019			useful lives (in years)
Developed technology	$	88,184		$	87,209		7.0 to 15.0
Accumulated amortization	(51,124		)	(48,718		)
Net developed technology	$	37,060		$	38,491
Customer relationships	$	35,466		$	35,180		5.0 to 6.0
Accumulated amortization	(33,435		)	(31,862		)
Net customer relationships	$	2,031		$	3,318
Trade and brand names	$	7,265		$	7,219		7.0 to 8.0
Accumulated amortization	(6,599		)	(6,377		)
Net trade and brand names	$	666		$	842
Other intangible assets	$	2,500		$	2,500		1.9
Accumulated amortization	(2,500		)	(2,500		)
Net other intangible assets	$	—		$	—
Net intangible assets	$	39,757		$	42,651

Estimated annual amortization expense related to intangible assets

The following table reflects estimated annual amortization expense related to intangible assets as of March 28, 2020:

	As of
(in thousands)	March 28, 2020
Remaining fiscal 2020	$	3,663
Fiscal 2021	5,306
Fiscal 2022	4,348
Fiscal 2023	4,252
Fiscal 2024	4,252
Thereafter	17,936
Total amortization expense	$	39,757