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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Jun. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table summarizes the Company's recorded goodwill by reporting segments as of June 27, 2020 and September 28, 2019:
| As of
(in thousands) | June 27, 2020 |  | September 28, 2019
Capital Equipment | $ | 29,765 |  |  | $ | 29,480 |
Aftermarket Products and Services ("APS") | 26,288 |  |  | 26,211 |
Total goodwill | $ | 56,053 |  |  | $ | 55,691 |
Net intangible assets | The following table reflects net intangible assets as of June 27, 2020 and September 28, 2019:
| As of |  | Average estimated
(dollar amounts in thousands) | June 27, 2020 |  | September 28, 2019 |  | useful lives (in years)
Developed technology | $ | 88,591 |  |  | $ | 87,209 |  |  | 7.0 to 15.0
Accumulated amortization | (52,327 | ) |  | (48,718 | ) |  |
Net developed technology | $ | 36,264 |  |  | $ | 38,491 |  |  |
Customer relationships | $ | 35,586 |  |  | $ | 35,180 |  |  | 5.0 to 6.0
Accumulated amortization | (34,218 | ) |  | (31,862 | ) |  |
Net customer relationships | $ | 1,368 |  |  | $ | 3,318 |  |  |
Trade and brand names | $ | 7,285 |  |  | $ | 7,219 |  |  | 7.0 to 8.0
Accumulated amortization | (6,710 | ) |  | (6,377 | ) |  |
Net trade and brand names | $ | 575 |  |  | $ | 842 |  |  |
Other intangible assets | $ | 2,500 |  |  | $ | 2,500 |  |  | 1.9
Accumulated amortization | (2,500 | ) |  | (2,500 | ) |  |
Net other intangible assets | $ | — |  |  | $ | — |  |  |
Net intangible assets | $ | 38,207 |  |  | $ | 42,651 |  |  |
Estimated annual amortization expense related to intangible assets | The following table reflects estimated annual amortization expense related to intangible assets as of June 27, 2020:
| As of
(in thousands) | June 27, 2020
Remaining fiscal 2020 | $ | 1,845 |
Fiscal 2021 | 5,346 |
Fiscal 2022 | 4,380 |
Fiscal 2023 | 4,284 |
Fiscal 2024 | 4,284 |
Thereafter | 18,068 |
Total amortization expense | $ | 38,207 |

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