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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Apr. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes the Company's recorded goodwill by reportable segments (refer to Note 14) as of April 2, 2022 and October 2, 2021:
(in thousands)Capital EquipmentAPSTotal
Balance at October 2, 2021$46,561 $26,388 $72,949 
Other(1,334)(147)$(1,481)
Balance at April 2, 2022$45,227 $26,241 $71,468 
Net intangible assets
The following table reflects net intangible assets as of April 2, 2022 and October 2, 2021: 
 As ofAverage estimated
(dollar amounts in thousands)April 2, 2022October 2, 2021
useful lives (in years)
Developed technology$87,728 $90,427 
7.0 to 15.0
Accumulated amortization(59,410)(58,494)
Net developed technology$28,318 $31,933 
Customer relationships$35,321 $36,114 
5.0 to 6.0
Accumulated amortization(35,321)(36,114)
Net customer relationships$— $— 
In-process research and development$8,380 $8,795 N.A
Accumulated amortization— — 
Net in-process research and development$8,380 $8,795 
Trade and brand name$7,243 $7,374 
7.0 to 8.0
Accumulated amortization(7,243)(7,275)
Net trade and brand name— 99 
Other intangible assets$4,700 $4,700 
1.9 to 6.0
Accumulated amortization(2,958)(2,775)
Net other intangible assets$1,742 $1,925 
$38,440 $42,752 
Estimated annual amortization expense related to intangible assets
The following table reflects estimated annual amortization expense related to intangible assets as of April 2, 2022:
 As of
(in thousands)April 2, 2022
Remaining fiscal 2022$2,641 
Fiscal 20235,980 
Fiscal 20245,980 
Fiscal 20255,980 
Fiscal 20265,980 
Thereafter11,879 
Total amortization expense$38,440