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GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
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 EquipmentAPSTotal
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 ofAverage estimated
(dollar amounts in thousands)July 2, 2022October 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 20235,665 
Fiscal 20245,665 
Fiscal 20255,665 
Fiscal 20265,665 
Thereafter11,215 
Total amortization expense$35,291