GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Oct. 01, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table summarizes the Company’s recorded goodwill, where applicable, by reportable segments and the “All Others” category, as of October 1, 2022 and October 2, 2021:

(in thousands)	Wedge Bonding Equipment	APS	All Others	Total
Balance at October 2, 2021	18,280	26,388	28,281	72,949
Other	—	(481)	(4,372)	(4,853)
Balance at October 1, 2022	18,280	25,907	23,909	68,096

Net intangible assets

The following table reflects net intangible assets as of October 1, 2022 and October 2, 2021: 

	As of				Average estimated
(dollar amounts in thousands)	October 1, 2022		October 2, 2021		useful lives (in years)
Developed technology	$	89,017	$	90,427	6.0 to 15.0
Accumulated amortization	$	(58,636)	$	(58,494)
Net developed technology	$	30,381	$	31,933
Customer relationships	$	33,515	$	36,114	5.0 to 6.0
Accumulated amortization	$	(33,515)	$	(36,114)
Net customer relationships	$	—	$	—
In-process research and development(1)	$	—	$	8,795	N.A.
Accumulated amortization	$	—	$	—
Net in-process research and development	$	—	$	8,795
Trade and brand name	$	6,945	$	7,374	7.0 to 8.0
Accumulated amortization	$	(6,945)	$	(7,275)
Net trade and brand name	$	—	$	99
Other intangible assets	$	4,700	$	4,700	1.9 to 6.0
Accumulated amortization	$	(3,142)	$	(2,775)
Net other intangible assets	$	1,558	$	1,925
Net intangible assets	$	31,939	$	42,752

(1) During the year ended October 1, 2022, $7.9 million of in-process research and development assets were transferred to developed technology (definite-lived intangible assets) as the research and development process was completed, and are being amortized over the period of estimated benefit using the straight-line method and the estimated useful life of six years.

Estimated annual amortization expense related to intangible assets

The following table reflects estimated annual amortization expense related to intangible assets as of October 1, 2022:

	As of
(in thousands)	October 1, 2022
Fiscal 2023	$	5,348
Fiscal 2024	$	5,348
Fiscal 2025	$	5,348
Fiscal 2026	$	5,348
Fiscal 2027	$	4,685
Fiscal 2028 and thereafter	$	5,862
Total amortization expense	$	31,939