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GOODWILL AND INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Jan. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table summarizes the Company's recorded goodwill by reporting segments as of January 2, 2021 and October 3, 2020:
| As of
(in thousands) | January 2, 2021 |  | October 3, 2020
Capital Equipment | $ | 30,783 |  |  | $ | 30,274 |
Aftermarket Products and Services ("APS") | 26,556 |  |  | 26,421 |
Total goodwill | $ | 57,339 |  |  | $ | 56,695 |
Net intangible assets | The following table reflects net intangible assets as of January 2, 2021 and October 3, 2020:
| As of |  | Average estimated
(dollar amounts in thousands) | January 2, 2021 |  | October 3, 2020 |  | useful lives (in years)
Developed technology | $ | 93,503 |  |  | $ | 91,044 |  |  | 7.0 to 15.0
Accumulated amortization | (56,356) |  |  | (54,293) |  |  |
Net developed technology | $ | 37,147 |  |  | $ | 36,751 |  |  |
Customer relationships | $ | 37,030 |  |  | $ | 36,307 |  |  | 5.0 to 6.0
Accumulated amortization | (37,018) |  |  | (35,587) |  |  |
Net customer relationships | $ | 12 |  |  | $ | 720 |  |  |
Trade and brand names | $ | 7,523 |  |  | $ | 7,404 |  |  | 7.0 to 8.0
Accumulated amortization | (7,105) |  |  | (6,903) |  |  |
Net trade and brand names | $ | 418 |  |  | $ | 501 |  |  |
Other intangible assets | $ | 2,500 |  |  | $ | 2,500 |  |  | 1.9
Accumulated amortization | (2,500) |  |  | (2,500) |  |  |
Net other intangible assets | $ | — |  |  | $ | — |  |  |
Net intangible assets | $ | 37,577 |  |  | $ | 37,972 |  |  |
Estimated annual amortization expense related to intangible assets | The following table reflects estimated annual amortization expense related to intangible assets as of January 2, 2021:
| As of
(in thousands) | January 2, 2021
Remaining fiscal 2021 | $ | 3,811 |
Fiscal 2022 | 4,768 |
Fiscal 2023 | 4,664 |
Fiscal 2024 | 4,664 |
Fiscal 2025 | 4,664 |
Thereafter | 15,006 |
Total amortization expense | $ | 37,577 |

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