GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Jun. 27, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table summarizes the Company's recorded goodwill by reporting segments as of June 27, 2020 and September 28, 2019:

	As of
(in thousands)	June 27, 2020		September 28, 2019
Capital Equipment	$	29,765	$	29,480
Aftermarket Products and Services ("APS")	26,288		26,211
Total goodwill	$	56,053	$	55,691

Net intangible assets

The following table reflects net intangible assets as of June 27, 2020 and September 28, 2019: 

	As of						Average estimated
(dollar amounts in thousands)	June 27, 2020			September 28, 2019			useful lives (in years)
Developed technology	$	88,591		$	87,209		7.0 to 15.0
Accumulated amortization	(52,327		)	(48,718		)
Net developed technology	$	36,264		$	38,491
Customer relationships	$	35,586		$	35,180		5.0 to 6.0
Accumulated amortization	(34,218		)	(31,862		)
Net customer relationships	$	1,368		$	3,318
Trade and brand names	$	7,285		$	7,219		7.0 to 8.0
Accumulated amortization	(6,710		)	(6,377		)
Net trade and brand names	$	575		$	842
Other intangible assets	$	2,500		$	2,500		1.9
Accumulated amortization	(2,500		)	(2,500		)
Net other intangible assets	$	—		$	—
Net intangible assets	$	38,207		$	42,651

Estimated annual amortization expense related to intangible assets

The following table reflects estimated annual amortization expense related to intangible assets as of June 27, 2020:

	As of
(in thousands)	June 27, 2020
Remaining fiscal 2020	$	1,845
Fiscal 2021	5,346
Fiscal 2022	4,380
Fiscal 2023	4,284
Fiscal 2024	4,284
Thereafter	18,068
Total amortization expense	$	38,207