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SEGMENT INFORMATION | 12 Months Ended
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Sep. 30, 2017
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Reportable segments are defined as components of an enterprise that engage in business activities for which discrete financial information is available and regularly reviewed by the chief operating decision maker in deciding how to allocate resources and to assess performance. The Company's Chief Executive Officer is the Company's chief operating decision maker. The chief operating decision-maker does not review discrete asset information. During the fourth quarter of fiscal 2017, we reorganized our reporting structure into two reportable segments consisting of: (i) Capital Equipment; and (ii) APS. As a result of this re-alignment, the Company has aggregated twelve operating segments as of September 30, 2017, with six operating segments within the Capital Equipment reportable segment and six operating segments in the APS reportable segment. Subsequently, we have recasted financial results for fiscal years 2017, 2016 and 2015 based on the revised segment structure. The change in the segments was a result of changes to our organizational structure initiated during the fourth quarter of fiscal 2017 to streamline business operations to improve profitability and competitiveness and reflects a change in the manner in which our chief operating decision maker reviews information to assess our performance and make decisions about resource allocation. As part of these actions, we transitioned to a new internal management structure whereby the operating management responsible for tools used to assemble semiconductor devices, including integrated circuits (“ICs”), high and low powered discrete devices, light-emitting diodes (“LEDs”) and power modules, services, spares, maintenance, repair and upgrading operating segments was brought under common leadership in the APS segment. The restructuring actions were completed during the fourth quarter of fiscal year 2017. Subsequent to the reorganization, the Capital Equipment segment comprises of the manufacturing and selling of ball bonders, wafer level bonders, wedge bonders, advanced packaging and electronic assembly solutions to semiconductor device manufacturers, IDMs, OSATs, other electronics manufacturers and automotive electronics suppliers. Our prior period reportable segment information has been recasted to reflect the current segment structure and conform to the current period presentation. The following table reflects operating information by segment for fiscal 2017, 2016, and 2015:
|  | Fiscal
(in thousands) |  | 2017 |  | 2016 |  | 2015
Net revenue: |  |  |  |  |  |
Capital Equipment |  | $ | 651,934 |  |  | $ | 488,925 |  |  | $ | 411,099 |
APS |  | 157,107 |  |  | 138,267 |  |  | 125,372 |
Net revenue |  | 809,041 |  |  | 627,192 |  |  | 536,471 |
Income from operations: |  |  |  |  |  |
Capital Equipment(1) |  | 92,286 |  |  | 32,070 |  |  | 11,114 |
APS(2) |  | 5,968 |  |  | 20,469 |  |  | 26,137 |
Income from operations |  | $ | 98,254 |  |  | $ | 52,539 |  |  | $ | 37,251 |
(1) | Includes the restructuring expenses as discussed in Note 2, of $2.4 million, $6.2 million and $1.5 million for the years ended 2017, 2016 and 2015 respectively.
(2) | Includes the restructuring expenses as discussed in Note 2, of $0.9 million, $2.4 million and $0.4 million for the years ended 2017, 2016 and 2015 respectively
The following tables reflect capital expenditures ,depreciation and amortization expense by segment for fiscal 2017, 2016 and 2015.
|  | Fiscal
(in thousands) |  | 2017 |  | 2016 |  | 2015
Capital expenditures: |  |  |  |  |  |
Capital Equipment |  | $ | 14,415 |  |  | $ | 3,111 |  |  | $ | 6,592 |
APS |  | 11,273 |  |  | 3,190 |  |  | 2,927 |
Capital expenditures |  | $ | 25,688 |  |  | $ | 6,301 |  |  | $ | 9,519 |
|  | Fiscal
(in thousands) |  | 2017 |  | 2016 |  | 2015
Depreciation expense: |  |  |  |  |  |
Capital Equipment |  | $ | 6,306 |  |  | $ | 6,012 |  |  | $ | 6,075 |
APS |  | 3,397 |  |  | 3,557 |  |  | 3,014 |
Depreciation expense |  | $ | 9,703 |  |  | $ | 9,569 |  |  | $ | 9,089 |
|  | Fiscal
(in thousands) |  | 2017 |  | 2016 |  | 2015
Amortization expense: |  |  |  |  |  |
Capital Equipment |  | $ | 2,841 |  |  | $ | 2,760 |  |  | $ | 4,291 |
APS |  | 3,713 |  |  | 3,901 |  |  | 5,592 |
Amortization expense |  | $ | 6,554 |  |  | $ | 6,661 |  |  | $ | 9,883 |
Geographical information The following tables reflect destination sales to unaffiliated customers by country and long-lived assets by country for fiscal 2017, 2016, and 2015:
| Fiscal
(in thousands) | 2017 |  | 2016 |  | 2015
China | $ | 323,803 |  |  | $ | 211,448 |  |  | $ | 169,557 |
Taiwan | 100,738 |  |  | 129,128 |  |  | 56,610 |
Korea | 73,410 |  |  | 70,593 |  |  | 40,687 |
Malaysia | 72,329 |  |  | 42,368 |  |  | 48,825 |
United States | 57,728 |  |  | 47,806 |  |  | 47,220 |
Philippines | 25,165 |  |  | 8,272 |  |  | 42,575 |
Japan | 21,224 |  |  | 28,256 |  |  | 31,413 |
All other | 134,644 |  |  | 89,321 |  |  | 99,584 |
Total destination sales to unaffiliated customers | $ | 809,041 |  |  | $ | 627,192 |  |  | $ | 536,471 |
| Fiscal
(in thousands) | 2017 |  | 2016 |  | 2015
Long-lived assets: |  |  |  |  |
United States | $ | 43,440 |  |  | $ | 18,570 |  |  | $ | 7,429 |
Singapore | 31,553 |  |  | 33,286 |  |  | 36,754 |
China | 11,148 |  |  | 7,459 |  |  | 7,386 |
Israel | 4,549 |  |  | 4,810 |  |  | 3,701 |
All other | 6,899 |  |  | 5,295 |  |  | 3,084 |
Total long-lived assets | $ | 97,589 |  |  | $ | 69,420 |  |  | $ | 58,354 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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