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SEGMENT INFORMATION | 12 Months Ended
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Oct. 03, 2020
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 (the "CODM") in deciding how to allocate resources and assess performance. The Company's Chief Executive Officer is the CODM. The CODM does not review discrete asset information. The Company operates two reportable segments consisting of: (1) Capital Equipment; and (ii) Aftermarket Products and Services ("APS"). The following table reflects operating information by segment for fiscal 2020, 2019, and 2018:
|  | Fiscal
(in thousands) |  | 2020 |  | 2019 |  | 2018
Net revenue: |  |  |  |  |  |
Capital Equipment |  | $ | 462,059 |  |  | $ | 386,820 |  |  | $ | 719,390 |
APS |  | 161,117 |  |  | 153,232 |  |  | 169,731 |
Net revenue |  | 623,176 |  |  | 540,052 |  |  | 889,121 |
Income from operations: |  |  |  |  |  |
Capital Equipment |  | 22,069 |  |  | (12,577) |  |  | 132,563 |
APS |  | 36,440 |  |  | 34,187 |  |  | 34,069 |
Income from operations |  | $ | 58,509 |  |  | $ | 21,610 |  |  | $ | 166,632 |
We have considered: (1) information that is regularly reviewed by our CODM as defined by the authoritative guidance on segment reporting, in evaluating financial performance and (2) other financial data, including information that we include in our earnings releases but which is not included in our financial statements, to disaggregate revenues by end markets served. The principal category we use to disaggregate revenues is by the end markets served in the Capital Equipment segment. The following table reflects net revenue by Capital Equipment end markets served for fiscal 2020, 2019, and 2018
|  | Fiscal
(in thousands) |  | 2020 |  | 2019 |  | 2018
General Semiconductor |  | $ | 253,632 |  |  | $ | 180,693 |  |  | $ | 367,157 |
Automotive & Industrial |  | 57,124 |  |  | 77,106 |  |  | 127,846 |
LED |  | 76,572 |  |  | 56,138 |  |  | 78,906 |
Memory |  | 35,096 |  |  | 43,432 |  |  | 104,842 |
Advanced Packaging |  | $ | 39,635 |  |  | $ | 29,451 |  |  | $ | 40,639 |
Total Capital Equipment revenue |  | $ | 462,059 |  |  | $ | 386,820 |  |  | $ | 719,390 |
The following tables reflect capital expenditures, depreciation and amortization expense by segment for fiscal 2020, 2019, and 2018.
|  | Fiscal
(in thousands) |  | 2020 |  | 2019 |  | 2018
Capital expenditures: |  |  |  |  |  |
Capital Equipment |  | $ | 5,798 |  |  | $ | 5,380 |  |  | $ | 7,029 |
APS |  | 8,716 |  |  | 6,449 |  |  | 13,412 |
Capital expenditures |  | $ | 14,514 |  |  | $ | 11,829 |  |  | $ | 20,441 |
|  | Fiscal
(in thousands) |  | 2020 |  | 2019 |  | 2018
Depreciation expense: |  |  |  |  |  |
Capital Equipment |  | $ | 6,360 |  |  | $ | 7,584 |  |  | $ | 7,435 |
APS |  | 6,008 |  |  | 5,308 |  |  | 3,754 |
Depreciation expense |  | $ | 12,368 |  |  | $ | 12,892 |  |  | $ | 11,189 |
|  | Fiscal
(in thousands) |  | 2020 |  | 2019 |  | 2018
Amortization expense: |  |  |  |  |  |
Capital Equipment |  | $ | 4,255 |  |  | $ | 3,977 |  |  | $ | 4,203 |
APS |  | 3,116 |  |  | 3,435 |  |  | 3,623 |
Amortization expense |  | $ | 7,371 |  |  | $ | 7,412 |  |  | $ | 7,826 |
Geographical information The following tables reflect destination sales to unaffiliated customers by country and long-lived assets by country for fiscal 2020, 2019, and 2018:
| Fiscal
(in thousands) | 2020 |  | 2019 |  | 2018
Destination sales to unaffiliated customers: |  |  |  |  |
China | $ | 321,294 |  |  | $ | 252,179 |  |  | $ | 408,567 |
Taiwan | 64,373 |  |  | 63,440 |  |  | 126,676 |
Hong Kong | 43,288 |  |  | 12,096 |  |  | 14,194 |
Malaysia | 40,641 |  |  | 41,568 |  |  | 65,354 |
United States | 36,186 |  |  | 36,393 |  |  | 68,774 |
Korea | 30,848 |  |  | 15,236 |  |  | 38,551 |
Singapore | 14,944 |  |  | 25,680 |  |  | 19,648 |
Philippines | 9,439 |  |  | 12,057 |  |  | 26,372 |
Thailand | 9,389 |  |  | 9,941 |  |  | 17,051 |
Japan | 9,150 |  |  | 10,341 |  |  | 12,978 |
All other | 43,624 |  |  | 61,121 |  |  | 90,956 |
Total destination sales to unaffiliated customers | $ | 623,176 |  |  | $ | 540,052 |  |  | $ | 889,121 |
| Fiscal
(in thousands) | 2020 |  | 2019 |  | 2018
Long-lived assets: |  |  |  |  |
Singapore | $ | 16,499 |  |  | $ | 25,620 |  |  | $ | 30,240 |
United States | 34,180 |  |  | 27,665 |  |  | 23,696 |
China | 25,032 |  |  | 18,969 |  |  | 18,333 |
Israel | 9,758 |  |  | 8,288 |  |  | 8,460 |
All other | 14,234 |  |  | 6,981 |  |  | 6,944 |
Total long-lived assets | $ | 99,703 |  |  | $ | 87,523 |  |  | $ | 87,673 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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