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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Jul. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill Intangible assets classified as goodwill are not amortized. The Company performs an annual impairment test of its goodwill during the fourth quarter of each fiscal year, which coincides with the completion of its annual forecasting and refreshing of business outlook process. The Company performed its annual impairment test in the fourth quarter of fiscal 2015 and concluded that no impairment charge was required. During the nine months ended July 2, 2016, the Company reviewed qualitative factors to ascertain if a "triggering" event may have taken place that may have the effect of reducing the fair value of the reporting unit below its carrying value and concluded that no triggering event had occurred. In 2009, the Company recorded goodwill when it acquired Orthodyne and added wedge bonder products to its business. On January 9, 2015, KSH, the Company's wholly owned subsidiary, acquired all of the outstanding equity interests of Assembléon, in an all cash transaction for approximately $97.4 million (EUR 80 million). Assembléon, together with its subsidiaries, offers assembly equipment, processes and services for the automotive, industrial, and advanced packaging markets. The acquisition expanded the Company's presence in automotive, industrial and advanced packaging markets. The following table summarizes the Company's recorded goodwill as of July 2, 2016 and October 3, 2015:
|  | As of
(in thousands) |  | July 2, 2016 |  | October 3, 2015
Goodwill |  | $ | 81,272 |  |  | $ | 81,272 |
Intangible Assets Intangible assets with determinable lives are amortized over their estimated useful lives. The Company's intangible assets consist primarily of developed technology, customer relationships and trade and brand names. The following table reflects net intangible assets as of July 2, 2016 and October 3, 2015:
|  | As of |  | Average estimated
(dollar amounts in thousands) |  | July 2, 2016 |  | October 3, 2015 |  | useful lives (in years)
Developed technology |  | $ | 74,080 |  |  | $ | 74,080 |  |  | 7.0 to 15.0
Accumulated amortization |  | (37,288 | ) |  | (35,244 | ) |  |
Net developed technology |  | $ | 36,792 |  |  | $ | 38,836 |  |  |
Customer relationships |  | $ | 36,968 |  |  | $ | 36,968 |  |  | 5.0 to 6.0
Accumulated amortization |  | (23,717 | ) |  | (21,509 | ) |  |
Net customer relationships |  | $ | 13,251 |  |  | $ | 15,459 |  |  |
Trade and brand names |  | $ | 7,515 |  |  | $ | 7,515 |  |  | 7.0 to 8.0
Accumulated amortization |  | (5,083 | ) |  | (4,339 | ) |  |
Net trade and brand name |  | $ | 2,432 |  |  | $ | 3,176 |  |  |
Other intangible assets |  | $ | 2,500 |  |  | $ | 2,500 |  |  | 1.9
Accumulated amortization |  | (2,500 | ) |  | (2,500 | ) |  |
Net other intangible assets |  | $ | — |  |  | $ | — |  |  |
Net intangible assets |  | $ | 52,475 |  |  | $ | 57,471 |  |  |
The following table reflects estimated annual amortization expense related to intangible assets as of July 2, 2016:
| As of
(in thousands) | July 2, 2016
Remaining fiscal 2016 | $ | 1,664 |
Fiscal 2017 | 6,086 |
Fiscal 2018 | 6,086 |
Fiscal 2019 | 6,086 |
Fiscal 2020 and onwards | 32,553 |
Total amortization expense | $ | 52,475 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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