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SEGMENT INFORMATION | 9 Months Ended
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Jun. 30, 2018
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. In 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 June 30, 2018, 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 the three and nine months ended July 1, 2017 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 in fiscal year 2017. As a result of the reorganization, the Capital Equipment segment is comprised 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. The following table reflects operating information by segment for the three and nine months ended June 30, 2018 and July 1, 2017:
| Three months ended |  | Nine months ended
(in thousands) | June 30, 2018 |  | July 1, 2017 As Restated |  | June 30, 2018 |  | July 1, 2017 As Restated
Net revenue: |  |  |  |  |  |  |  |  |  |  |
Capital Equipment | $ | 229,462 |  |  | $ | 202,240 |  |  | $ | 578,197 |  |  | $ | 477,957 |
APS | 39,372 |  |  | 41,657 |  |  | 126,100 |  |  | 115,192 |
Net revenue | 268,834 |  |  | 243,897 |  |  | 704,297 |  |  | 593,149 |
Income from operations: |  |  |  |  |  |  |  |  |  |  |
Capital Equipment | 57,771 |  |  | 30,982 |  |  | 116,615 |  |  | 73,836 |
APS | 6,692 |  |  | (15,310 | ) |  | 25,443 |  |  | (2,602 | )
Income from operations | $ | 64,463 |  |  | $ | 15,672 |  |  | $ | 142,058 |  |  | $ | 71,234 |
The following tables reflect capital expenditures, depreciation expense and amortization expense for the three and nine months ended June 30, 2018 and July 1, 2017.
| Three months ended |  | Nine months ended
(in thousands) | June 30, 2018 |  | July 1, 2017 |  | June 30, 2018 |  | July 1, 2017
Capital expenditures: |  |  |  |  |  |  |  |  |
Capital Equipment | $ | 999 |  |  | $ | 1,423 |  |  | $ | 4,878 |  |  | $ | 12,907 |
APS | 3,072 |  |  | 2,380 |  |  | 11,603 |  |  | 9,002 |
| $ | 4,071 |  |  | $ | 3,803 |  |  | $ | 16,481 |  |  | $ | 21,909 |
| Three months ended |  | Nine months ended
(in thousands) | June 30, 2018 |  | July 1, 2017 |  | June 30, 2018 |  | July 1, 2017
Depreciation expense: |  |  |  |  |  |  |  |  |  |  |
Capital Equipment | $ | 1,926 |  |  | $ | 1,599 |  |  | $ | 5,601 |  |  | $ | 4,660 |
APS | 1,063 |  |  | 843 |  |  | 2,635 |  |  | 2,513 |
| $ | 2,989 |  |  | $ | 2,442 |  |  | $ | 8,236 |  |  | $ | 7,173 |
Amortization expense: |  |  |  |  |  |  |
Capital Equipment | $ | 1,053 |  |  | $ | 594 |  |  | $ | 3,188 |  |  | $ | 1,782 |
APS | 909 |  |  | 927 |  |  | 2,739 |  |  | 2,784 |
| $ | 1,962 |  |  | $ | 1,521 |  |  | $ | 5,927 |  |  | $ | 4,566 |

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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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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