XML 62 R34.htm IDEA: XBRL DOCUMENT v3.21.2

SHAREHOLDERS' EQUITY AND EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Oct. 02, 2021

Share-based Payment Arrangement [Abstract]

Company’s matching contributions to the Plan

The following table reflects the Company’s contributions to the Plan during fiscal 2021 and 2020:

						Fiscal
(in thousands)						2021						2020
Cash						$	1,780					$	1,514

Accumulated other comprehensive income reflected on the Consolidated Balance Sheets

The following table reflects accumulated other comprehensive loss reflected on the Consolidated Balance Sheets as of October 2, 2021 and October 3, 2020: 

						As of
(in thousands)						October 2, 2021						October 3, 2020
Gain from foreign currency translation adjustments						$	682					$	10
Unrecognized actuarial loss on pension plan, net of tax						(3,088)						(3,088)
Unrealized (loss) / gain on hedging						(616)						557
Accumulated other comprehensive loss						$	(3,022)					$	(2,521)

Equity-based compensation expense

The following table reflects total equity-based compensation expense, which includes Relative TSR PSUs, Time-based RSUs, Growth PSUs, and common stock, included in the Consolidated Statements of Operations for fiscal 2021, 2020, and 2019: 

						Fiscal
(in thousands)						2021						2020						2019
Cost of sales						$	828					$	744					$	632
Selling, general and administrative						10,998						11,071						10,503
Research and development						3,676						3,204						3,197
Total equity-based compensation expense						$	15,502					$	15,019					$	14,332

The following table reflects equity-based compensation expense, by type of award, for fiscal 2021, 2020, and 2019:  

						Fiscal
(in thousands)						2021						2020						2019
Relative TSR PSUs						$	3,916					$	3,266					$	4,220
Time-based RSUs						10,314						9,519						8,603
Growth PSUs						444						1,384						675
Common stock						828						850						834
Total equity-based compensation expense						$	15,502					$	15,019					$	14,332

Employee market-based restricted stock activity

The following table reflects Relative TSR PSUs activity for fiscal 2021, 2020, and 2019:

			Number of shares (in thousands)						Unrecognized compensation expense (in thousands)						Average remaining service period (in years)						Weighted average grant date fair value per share
Relative TSR PSUs outstanding as of September 29, 2018			539						$	4,629					1.1
Granted			166																		$	23.15
Forfeited or expired			(27)
Vested			(117)
Relative TSR PSUs outstanding as of September 28, 2019			561						$	4,136					0.9
Granted			162																		$	28.80
Forfeited or expired			(52)
Vested			(268)
Relative TSR PSUs outstanding as of October 3, 2020			403						$	4,198					1.1
Granted			155																		$	28.21
Forfeited or expired			(6)
Vested			(108)
Relative TSR PSUs outstanding as of October 2, 2021			444						$	4,455					1.1

Schedule of Assumptions Used to Calculate Compensation Expense

The following table reflects the assumptions used to calculate compensation expense related to the Company’s Relative TSR PSUs issued during fiscal 2021, 2020, and 2019:

			Fiscal
			2021						2020						2019
Grant price			$	23.88					$	22.95					$	20.87
Expected dividend yield			2.01		%				2.09		%				2.30		%
Expected stock price volatility			45.15		%				36.29		%				34.20		%
Risk-free interest rate			0.21		%				1.49		%				2.92		%

Employee time-based restricted stock activity

The following table reflects Time-based RSUs activity for fiscal 2021, 2020, and 2019:

			Number of shares (in thousands)						Unrecognized compensation expense (in thousands)						Average remaining service period (in years)						Weighted average grant date fair value per share
Time-based RSUs outstanding as of September 29, 2018			910						$	9,038					1.4
Granted			521																		$	20.95
Forfeited or expired			(42)
Vested			(442)
Time-based RSUs outstanding as of September 28, 2019			947						$	10,555					1.4
Granted			490																		$	22.93
Forfeited or expired			(80)
Vested			(569)
Time-based RSUs outstanding as of October 3, 2020			788						$	10,480					1.6
Granted			486																		$	24.34
Forfeited or expired			(24)
Vested			(333)
Time-based RSUs outstanding as of October 2, 2021			917						$	11,420					1.4

Schedule of Special/Growth Based Restricted Stock Activity

The following table reflects Growth PSUs activity for fiscal 2021, 2020, and 2019:

			Number of shares (in thousands)						Unrecognized compensation expense (in thousands)						Average remaining service period (in years)						Weighted average grant date fair value per share
Special/Growth PSUs outstanding as of September 29, 2018			46						$	702					2.1
Granted			55																		$	21.07
Forfeited or expired			(4)
Vested			—
Special/Growth PSUs outstanding as of September 28, 2019			97						$	1,128					1.6
Granted			80																		$	23.65
Forfeited or expired			(22)
Vested			(4)
Special/Growth PSUs outstanding as of October 3, 2020			151						$	1,252					1.1
Granted			52																		$	24.01
Forfeited or expired			(34)
Vested			(17)
Special/Growth PSUs outstanding as of October 2, 2021			152						$	1,247					1.0

Employee stock option activity

The following table reflects employee stock option activity for fiscal 2021, 2020, and 2019:

			Number of shares (in thousands)						Weighted average exercise price						Average remaining contractual life (in years)						Aggregate intrinsic value (in thousands)
Options outstanding as of September 29, 2018			2						$	8.64
Exercised			(2)						$	8.64											$	24
Forfeited or expired			—						$	—
Options outstanding as of September 28, 2019			—						$	—
Exercised			—						$	—											$	—
Forfeited or expired			—						$	—
Options outstanding as of October 3, 2020			—						$	—
Exercised			—						$	—											$	—
Forfeited or expired			—						$	—
Options outstanding as of October 2, 2021			—						$	—					—						$	—
Options vested and expected to vest as of October 2, 2021			—						$	—					—						$	—
Options exercisable as of October 2, 2021			—						$	—					—
In the money exercisable options as of October 2, 2021			—																		$	—

Common stock issued to non-employee directors

The following table reflects shares of common stock issued to non-employee directors and the corresponding fair value for fiscal 2021, 2020, and 2019:

			Fiscal
(in thousands)			2021						2020						2019
Number of common shares issued			22						37						37
Fair value based upon market price at time of issue			$	828					$	850					$	834

Defined benefits pension obligations and pension expenses

The following table reflects the Company's defined benefits pension obligations, mainly in Switzerland and Taiwan, as of October 2, 2021 and October 3, 2020:

						As of
(in thousands)						October 2, 2021						October 3, 2020
Switzerland pension obligation						$	3,534					$	3,572
Taiwan pension obligation						1,443						1,333

X

- Definition

Tabular disclosure of common shares issued to non-employee directors and the fair value of such shares issued reported during the period.

+ References

No definition available.

+ Details

Name:	klic_ScheduleOfCommonStockIssuedToNonEmployeeDirectorsTableTextBlock
Namespace Prefix:	klic_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for employee's market based restricted stock activity reported during the period.

+ References

No definition available.

+ Details

Name:	klic_ScheduleOfMarketBasedRestrictedStockActivityTableTextBlock
Namespace Prefix:	klic_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the pension obligations and pension expenses reported during the period.

+ References

No definition available.

+ Details

Name:	klic_ScheduleOfPensionObligationsAndPensionExpensesTableTextBlock
Namespace Prefix:	klic_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Special Growth Based Restricted Stock Activity [Table Text Block]

+ References

No definition available.

+ Details

Name:	klic_ScheduleOfSpecialGrowthBasedRestrictedStockActivityTableTextBlock
Namespace Prefix:	klic_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for employee's time based restricted stock activity reported during the period.

+ References

No definition available.

+ Details

Name:	klic_ScheduleOfTimeBasedRestrictedStockActivityTableTextBlock
Namespace Prefix:	klic_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 710
-SubTopic 10
-Section 30
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6409875&loc=d3e20015-108363

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 710
-SubTopic 10
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6409961&loc=d3e20517-108367

+ Details

Name:	us-gaap_ScheduleOfDeferredCompensationArrangementWithIndividualShareBasedPaymentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.F)
-URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of employee stock purchase plan activity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationEmployeeStockPurchasePlanActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration