XML 51 R23.htm IDEA: XBRL DOCUMENT
v3.21.2

SEGMENT INFORMATION | 12 Months Ended
--- | ---
Oct. 02, 2021
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 (2) Aftermarket Products and Services ("APS"). The following table reflects operating information by segment for fiscal 2021, 2020, and 2019:
|  | Fiscal
(in thousands) |  | 2021 |  | 2020 |  | 2019
Net revenue: |  |  |  |  |  |
Capital Equipment |  | $ | 1,312,576 |  |  | $ | 462,059 |  |  | $ | 386,820 |
APS |  | 205,088 |  |  | 161,117 |  |  | 153,232 |
Net revenue |  | 1,517,664 |  |  | 623,176 |  |  | 540,052 |
Income from operations: |  |  |  |  |  |
Capital Equipment |  | 355,982 |  |  | 22,069 |  |  | (12,577) |
APS |  | 56,465 |  |  | 36,440 |  |  | 34,187 |
Income from operations |  | $ | 412,447 |  |  | $ | 58,509 |  |  | $ | 21,610 |
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 2021, 2020, and 2019
|  | Fiscal
(in thousands) |  | 2021 |  | 2020 |  | 2019
General Semiconductor (1) |  | $ | 928,259 |  |  | $ | 290,220 |  |  | $ | 209,885 |
Automotive & Industrial |  | 129,817 |  |  | 60,169 |  |  | 77,365 |
LED |  | 187,568 |  |  | 76,574 |  |  | 56,138 |
Memory |  | 66,932 |  |  | 35,096 |  |  | 43,432 |
Total Capital Equipment revenue |  | $ | 1,312,576 |  |  | $ | 462,059 |  |  | $ | 386,820 |
(1) The Company noted a growing portion of the general semiconductor and LED end market is increasing in complexity and driving more capital intensity, therefore demanding more advanced packaging solutions. This has reduced the relevance of the advanced packaging end market. In view of this, sales previously defined as advanced packaging will be primarily categorized within the general semiconductor end market. The following tables reflect capital expenditures, depreciation and amortization expense by segment for fiscal 2021, 2020, and 2019.
|  | Fiscal
(in thousands) |  | 2021 |  | 2020 |  | 2019
Capital expenditures: |  |  |  |  |  |
Capital Equipment |  | $ | 15,257 |  |  | $ | 5,798 |  |  | $ | 5,380 |
APS |  | 7,298 |  |  | 8,716 |  |  | 6,449 |
Capital expenditures |  | $ | 22,555 |  |  | $ | 14,514 |  |  | $ | 11,829 |
|  | Fiscal
(in thousands) |  | 2021 |  | 2020 |  | 2019
Depreciation expense: |  |  |  |  |  |
Capital Equipment |  | $ | 6,938 |  |  | $ | 6,360 |  |  | $ | 7,584 |
APS |  | 6,898 |  |  | 6,008 |  |  | 5,308 |
Depreciation expense |  | $ | 13,836 |  |  | $ | 12,368 |  |  | $ | 12,892 |
|  | Fiscal
(in thousands) |  | 2021 |  | 2020 |  | 2019
Amortization expense: |  |  |  |  |  |
Capital Equipment |  | $ | 3,584 |  |  | $ | 4,255 |  |  | $ | 3,977 |
APS |  | 2,390 |  |  | 3,116 |  |  | 3,435 |
Amortization expense |  | $ | 5,974 |  |  | $ | 7,371 |  |  | $ | 7,412 |
Geographical information The following tables reflect destination sales to unaffiliated customers by country and long-lived assets by country for fiscal 2021, 2020, and 2019:
| Fiscal
(in thousands) | 2021 |  | 2020 |  | 2019
Destination sales to unaffiliated customers: |  |  |  |  |
China | $ | 843,470 |  |  | $ | 321,294 |  |  | $ | 252,179 |
Taiwan | 275,251 |  |  | 64,373 |  |  | 63,440 |
Hong Kong | 82,436 |  |  | 43,288 |  |  | 12,096 |
Malaysia | 70,253 |  |  | 40,641 |  |  | 41,568 |
Korea | 58,308 |  |  | 30,848 |  |  | 15,236 |
United States | 54,353 |  |  | 36,186 |  |  | 36,393 |
Vietnam | 36,469 |  |  | 8,699 |  |  | 10,978 |
Thailand | 24,448 |  |  | 9,389 |  |  | 9,941 |
Philippines | 17,651 |  |  | 9,439 |  |  | 12,057 |
Japan | 11,850 |  |  | 9,150 |  |  | 10,341 |
All other | 43,175 |  |  | 49,869 |  |  | 75,823 |
Total destination sales to unaffiliated customers | $ | 1,517,664 |  |  | $ | 623,176 |  |  | $ | 540,052 |
| Fiscal
(in thousands) | 2021 |  | 2020 |  | 2019
Long-lived assets: |  |  |  |  |
Singapore | $ | 40,470 |  |  | $ | 16,499 |  |  | $ | 25,620 |
United States (1) | 32,684 |  |  | 29,291 |  |  | 24,597 |
China (1) | 25,386 |  |  | 24,899 |  |  | 18,818 |
Israel (1) | 8,597 |  |  | 8,829 |  |  | 6,760 |
All other (1) | 11,187 |  |  | 12,038 |  |  | 5,318 |
Total long-lived assets | $ | 118,324 |  |  | $ | 91,556 |  |  | $ | 81,113 |
(1) Certain balances in fiscal 2020 and 2019 relating to long-lived assets by country have been revised to exclude deferred tax asset balances. The previously included balances are not material and there is no impact to the Consolidated Balance Sheets in fiscal 2020 and 2019.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration