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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Jul. 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 July 2, 2022 and October 2, 2021:
(in thousands) |  | Capital Equipment |  | APS |  | Total
Balance at October 2, 2021 |  | $ | 46,561 |  |  | $ | 26,388 |  |  | $ | 72,949 |
Other |  | (2,849) |  |  | (313) |  |  | $ | (3,162) |
Balance at July 2, 2022 |  | $ | 43,712 |  |  | $ | 26,075 |  |  | $ | 69,787 |
Net intangible assets | The following table reflects net intangible assets as of July 2, 2022 and October 2, 2021:
| As of |  | Average estimated |
(dollar amounts in thousands) | July 2, 2022 |  | October 2, 2021 |  | useful lives (in years) |
Developed technology(1) | $ | 92,573 |  |  | $ | 90,427 |  |  | 6.0 to 15.0 |
Accumulated amortization | (58,932) |  |  | (58,494) |  |  |  |
Net developed technology | $ | 33,641 |  |  | $ | 31,933 |  |  |  |
Customer relationships | $ | 34,421 |  |  | $ | 36,114 |  |  | 5.0 to 6.0 |
Accumulated amortization | (34,421) |  |  | (36,114) |  |  |  |
Net customer relationships | $ | — |  |  | $ | — |  |  |  |
In-process research and development(1) | $ | — |  |  | $ | 8,795 |  |  | N.A |
Accumulated amortization | — |  |  | — |  |  |  |
Net in-process research and development | $ | — |  |  | $ | 8,795 |  |  |  |
Trade and brand name | $ | 7,095 |  |  | $ | 7,374 |  |  | 7.0 to 8.0 |
Accumulated amortization | (7,095) |  |  | (7,275) |  |  |  |
Net trade and brand name | — |  |  | 99 |  |  |  |
Other intangible assets | $ | 4,700 |  |  | $ | 4,700 |  |  | 1.9 to 6.0 |
Accumulated amortization | (3,050) |  |  | (2,775) |  |  |  |
Net other intangible assets | $ | 1,650 |  |  | $ | 1,925 |  |  |  |
| $ | 35,291 |  |  | $ | 42,752 |  |  |  |
(1) As of July 2, 2022, $7.9 million of in-process research and development assets were transferred to developed technology (definite-lived intangible assets) as the research and development process was completed, and are being amortized over their weighted-average useful lives of 6 years.
Estimated annual amortization expense related to intangible assets | The following table reflects estimated annual amortization expense related to intangible assets as of July 2, 2022:
| As of
(in thousands) | July 2, 2022
Remaining fiscal 2022 | $ | 1,416 |
Fiscal 2023 | 5,665 |
Fiscal 2024 | 5,665 |
Fiscal 2025 | 5,665 |
Fiscal 2026 | 5,665 |
Thereafter | 11,215 |
Total amortization expense | $ | 35,291 |

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