XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.22.2

SEGMENT INFORMATION | 9 Months Ended
--- | ---
Jul. 02, 2022
Segment Reporting [Abstract] |
SEGMENT INFORMATION | 14. 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 the three and nine months ended July 2, 2022 and July 3, 2021:
| Three months ended |  | Nine months ended
(in thousands) | July 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021
Net revenue: |  |  |  |  |  |  |
Capital Equipment | $ | 321,946 |  |  | $ | 370,187 |  |  | $ | 1,064,383 |  |  | $ | 881,722 |
APS | 50,191 |  |  | 54,131 |  |  | 152,924 |  |  | 150,616 |
Net revenue | 372,137 |  |  | 424,318 |  |  | 1,217,307 |  |  | 1,032,338 |
Income from operations: |  |  |  |  |  |  |
Capital Equipment | 102,467 |  |  | 107,016 |  |  | 345,686 |  |  | 218,010 |
APS | 19,610 |  |  | 13,439 |  |  | 56,842 |  |  | 39,601 |
Income from operations | $ | 122,077 |  |  | $ | 120,455 |  |  | $ | 402,528 |  |  | $ | 257,611 |
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 the three and nine months ended July 2, 2022 and July 3, 2021:
| Three months ended |  | Nine months ended
(in thousands) | July 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021
General Semiconductor | $ | 223,034 |  |  | $ | 280,563 |  |  | $ | 670,251 |  |  | $ | 633,234 |
Automotive & Industrial | 51,018 |  |  | 38,488 |  |  | 160,366 |  |  | 103,416 |
LED | 20,203 |  |  | 31,951 |  |  | 128,394 |  |  | 115,071 |
Memory | 27,691 |  |  | 19,185 |  |  | 105,372 |  |  | 30,001 |
Total Capital Equipment revenue | $ | 321,946 |  |  | $ | 370,187 |  |  | $ | 1,064,383 |  |  | $ | 881,722 |
The following table reflects capital expenditures, depreciation expense and amortization expense for the three and nine months ended July 2, 2022 and July 3, 2021:
| Three months ended |  | Nine months ended
(in thousands) | July 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021
Capital expenditures: |  |  |  |  |  |  |
Capital Equipment | $ | 3,670 |  |  | $ | 5,526 |  |  | $ | 8,103 |  |  | $ | 11,120 |
APS | 1,283 |  |  | 2,430 |  |  | 3,110 |  |  | 5,643 |
| $ | 4,953 |  |  | $ | 7,956 |  |  | $ | 11,213 |  |  | $ | 16,763 |
Depreciation expense: |  |  |  |  |  |  |
Capital Equipment | $ | 2,274 |  |  | $ | 1,668 |  |  | $ | 6,813 |  |  | $ | 4,850 |
APS | 1,827 |  |  | 1,797 |  |  | 5,417 |  |  | 5,049 |
| $ | 4,101 |  |  | $ | 3,465 |  |  | $ | 12,230 |  |  | $ | 9,899 |
Amortization expense: |  |  |  |  |  |  |
Capital Equipment | $ | 887 |  |  | $ | 845 |  |  | $ | 2,820 |  |  | $ | 2,751 |
APS | 222 |  |  | 495 |  |  | 723 |  |  | 1,902 |
| $ | 1,109 |  |  | $ | 1,340 |  |  | $ | 3,543 |  |  | $ | 4,653 |

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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration