Reportable Segments

6 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Reportable Segments

10. Reportable Segments

Amtech has two operating segments that are structured around the types of product offerings provided to our customers. In addition, the operating segments may be further distinguished by the Company’s respective brands. These two operating segments comprise our two reportable segments discussed below. Our two reportable segments are as follows:

Semiconductor – We design, manufacture, sell and service thermal processing equipment and related controls for use by leading semiconductor manufacturers, and in electronics, automotive and other industries.

Material and Substrate – We produce consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystal materials, ceramics and metal components. Our Material and Substrate segment includes the results of Entrepix from the date of acquisition (see Note 3).

Information concerning our reportable segments is as follows, in thousands:

	Three Months Ended March 31,						Six Months Ended March 31,
	2023			2022			2023			2022
Net Revenues:
Semiconductor	$	22,047		$	23,584		$	38,934		$	46,349
Material and Substrate		11,263			3,972			15,934			7,670
	$	33,310		$	27,556		$	54,868		$	54,019
Operating income (loss):
Semiconductor	$	2,950		$	3,368		$	3,819		$	5,725
Material and Substrate		297			654			930			835
Non-segment related		(2,728	)		(1,427	)		(6,910	)		(2,725	)
	$	519		$	2,595		$	(2,161	)	$	3,835

	March 31, 2023		September 30, 2022
Identifiable Assets:
Semiconductor	$	75,879	$	75,622
Material and Substrate		70,143		22,032
Non-segment related*		4,980		35,880
	$	151,002	$	133,534

* Non-segment related assets include cash, property, and other assets.

Goodwill and other long-lived assets

We review our long-lived assets, including goodwill, for impairment at least annually in our fourth quarter or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Additional information on impairment testing of long-lived assets, intangible assets and goodwill can be found in Notes 1 and 11 of our Annual Report on Form 10-K for the year ended September 30, 2022.