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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Oct. 01, 2022
Segment Reporting [Abstract] |
Operating information by segment | The following table reflects operating information by segment for fiscal 2022, 2021, and 2020:
|  | Fiscal
(in thousands) |  | 2022 |  | 2021 |  | 2020
Net revenue: |  |  |  |  |  |
Ball Bonding Equipment |  | $ | 909,428 |  |  | $ | 1,016,663 |  |  | $ | 312,611 |
Wedge Bonding Equipment |  | 194,086 |  |  | 138,836 |  |  | 67,088 |
Advanced Solutions |  | 94,683 |  |  | 35,123 |  |  | 5,186 |
APS |  | 197,152 |  |  | 205,088 |  |  | 161,117 |
All Others |  | 108,271 |  |  | 121,954 |  |  | 77,174 |
Net revenue |  | 1,503,620 |  |  | 1,517,664 |  |  | 623,176 |
Income/(loss) from operations: |  |  |  |  |  |
Ball Bonding Equipment |  | 385,276 |  |  | $ | 401,450 |  |  | $ | 95,695 |
Wedge Bonding Equipment |  | 66,649 |  |  | 34,563 |  |  | 4,158 |
Advanced Solutions |  | (15,389) |  |  | (40,759) |  |  | (44,278) |
APS |  | 82,473 |  |  | 75,400 |  |  | 51,255 |
All Others |  | 25,732 |  |  | 20,565 |  |  | 7,632 |
Corporate Expenses |  | (74,669) |  |  | (78,772) |  |  | (55,953) |
Income from operations |  | 470,072 |  |  | 412,447 |  |  | 58,509 |
Revenue from External Customers by Products and Services | The following table reflects net revenue by end markets served for fiscal 2022, 2021, and 2020
|  | Fiscal
(in thousands) |  | 2022 |  | 2021 |  | 2020
General Semiconductor |  | $ | 843,763 |  |  | $ | 928,259 |  |  | $ | 290,220 |
Automotive & Industrial |  | 198,138 |  |  | 129,817 |  |  | 60,169 |
LED |  | 137,077 |  |  | 187,568 |  |  | 76,574 |
Memory |  | 127,490 |  |  | 66,932 |  |  | 35,096 |
APS |  | $ | 197,152 |  |  | $ | 205,088 |  |  | $ | 161,117 |
Total revenue |  | $ | 1,503,620 |  |  | $ | 1,517,664 |  |  | $ | 623,176 |
Capital expenditures and depreciation expense | The following tables reflect capital expenditures, depreciation and amortization expense by segment for fiscal 2022, 2021, and 2020.
|  | Fiscal
(in thousands) |  | 2022 |  | 2021 |  | 2020
Capital expenditures: |  |  |  |  |  |
Ball Bonding Equipment |  | $ | 978 |  |  | $ | 1,627 |  |  | $ | 1,586 |
Wedge Bonding Equipment |  | 1,450 |  |  | 387 |  |  | 607 |
Advanced Solutions |  | 19,036 |  |  | 6,090 |  |  | 214 |
APS |  | 4,964 |  |  | 5,286 |  |  | 8,131 |
All Others |  | 1,364 |  |  | 1,046 |  |  | 1,767 |
Corporate Expenses |  | 4,441 |  |  | 8,119 |  |  | 2,209 |
Capital expenditures |  | $ | 32,233 |  |  | $ | 22,555 |  |  | $ | 14,514 |
|  | Fiscal
(in thousands) |  | 2022 |  | 2021 |  | 2020
Depreciation expense: |  |  |  |  |  |
Ball Bonding Equipment |  | $ | 1,398 |  |  | $ | 1,153 |  |  | $ | 758 |
Wedge Bonding Equipment |  | 981 |  |  | 940 |  |  | 933 |
Advanced Solutions |  | 2,034 |  |  | 845 |  |  | 487 |
APS |  | 6,632 |  |  | 5,969 |  |  | 4,951 |
All Others |  | 1,047 |  |  | 1,179 |  |  | 1,252 |
Corporate Expenses |  | 4,284 |  |  | 3,750 |  |  | 3,987 |
Depreciation expense |  | $ | 16,376 |  |  | $ | 13,836 |  |  | $ | 12,368 |
|  | Fiscal
(in thousands) |  | 2022 |  | 2021 |  | 2020
Amortization expense: |  |  |  |  |  |
Ball Bonding Equipment |  | $ | — |  |  | $ | — |  |  | $ | — |
Wedge Bonding Equipment |  | — |  |  | — |  |  | — |
Advanced Solutions |  | — |  |  | — |  |  | — |
APS |  | 994 |  |  | 2,319 |  |  | 3,416 |
All Others |  | 3,557 |  |  | 3,369 |  |  | 3,955 |
Corporate Expenses |  | 366 |  |  | 286 |  |  | — |
Amortization expense |  | $ | 4,917 |  |  | $ | 5,974 |  |  | $ | 7,371 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | The following tables reflect destination sales to unaffiliated customers by country and long-lived assets by country for fiscal 2022, 2021, and 2020:
| Fiscal
(in thousands) | 2022 |  | 2021 |  | 2020
Destination sales to unaffiliated customers: |  |  |  |  |
China | $ | 855,345 |  |  | $ | 843,470 |  |  | $ | 321,294 |
Malaysia | 126,520 |  |  | 70,253 |  |  | 40,641 |
Taiwan | 123,995 |  |  | 275,251 |  |  | 64,373 |
Korea | 87,647 |  |  | 58,308 |  |  | 30,848 |
United States | 83,906 |  |  | 54,353 |  |  | 36,186 |
Hong Kong | 27,216 |  |  | 82,436 |  |  | 43,288 |
All other(1) | 198,991 |  |  | 133,593 |  |  | 86,546 |
Total destination sales to unaffiliated customers | $ | 1,503,620 |  |  | $ | 1,517,664 |  |  | $ | 623,176 |
(1) Certain balances in fiscal 2021 and 2020 have been reclassified to conform to the current period presentation. These reclassifications have no impact to the consolidated financial statements in fiscal 2021 and 2020.
| Fiscal
(in thousands) | 2022 |  | 2021 |  |
Long-lived assets: |  |  |  |  |
Singapore | $ | 59,672 |  |  | $ | 40,470 |  |  |
United States | 31,469 |  |  | 32,684 |  |  |
China | 19,548 |  |  | 25,386 |  |  |
Israel | 10,610 |  |  | 8,597 |  |  |
All other | 9,647 |  |  | 11,187 |  |  |
Total long-lived assets | $ | 130,946 |  |  | $ | 118,324 |  |  |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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