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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | The following table summarizes the Company’s recorded goodwill based on its reportable segments as of September 30, 2023 and October 1, 2022:
(in thousands) |  | Wedge Bonding Equipment |  | APS |  | All Others |  | Total
Balance at October 1, 2022(1) |  | 18,280 |  |  | 25,907 |  |  | 23,909 |  |  | 68,096
Acquired in business combination |  | — |  |  | — |  |  | 27,975 |  |  | 27,975
Impairment charges |  | — |  |  | — |  |  | (9,794) |  |  | (9,794) |
Other |  | — |  |  | 202 |  |  | 2,194 |  |  | 2,396 |
Balance at September 30, 2023 |  | 18,280 |  |  | 26,109 |  |  | 44,284 |  |  | 88,673 |
(1) Cumulative goodwill impairment as of October 1, 2022 was approximately $35.2 million.
Net intangible assets | The following table reflects net intangible assets as of September 30, 2023 and October 1, 2022:
|  | As of |  | Average estimated
(dollar amounts in thousands) |  | September 30, 2023 |  | October 1, 2022 |  | useful lives (in years)
Developed technology |  | $ | 80,959 |  |  | $ | 89,017 |  |  | 6.0 to 15.0
Accumulated amortization |  | $ | (55,877) |  |  | $ | (58,636) |  |  |
Net developed technology |  | $ | 25,082 |  |  | $ | 30,381 |  |  |
Customer relationships |  | $ | 36,764 |  |  | $ | 33,515 |  |  | 5.0 to 8.0
Accumulated amortization |  | $ | (34,789) |  |  | $ | (33,515) |  |  |
Net customer relationships |  | $ | 1,975 |  |  | $ | — |  |  |
In-process research and development |  | $ | 459 |  |  | $ | — |  |  | N.A.
Net in-process research and development |  | $ | 459 |  |  | $ | — |  |  |
Trade and brand name |  | $ | 7,130 |  |  | $ | 6,945 |  |  | 7.0 to 8.0
Accumulated amortization |  | $ | (7,130) |  |  | $ | (6,945) |  |  |
Net trade and brand name |  | $ | — |  |  | $ | — |  |  |
Other intangible assets |  | $ | 5,617 |  |  | $ | 4,700 |  |  | 1.0 to 8.0
Accumulated amortization |  | $ | (3,776) |  |  | $ | (3,142) |  |  |
Net other intangible assets |  | $ | 1,841 |  |  | $ | 1,558 |  |  |
Net intangible assets |  | $ | 29,357 |  |  | $ | 31,939 |  |  |
Estimated annual amortization expense related to intangible assets | The following table reflects estimated annual amortization expense related to intangible assets as of September 30, 2023:
| As of
(in thousands) | September 30, 2023
Fiscal 2024 | $ | 5,154 |
Fiscal 2025 | $ | 4,990 |
Fiscal 2026 | $ | 4,990 |
Fiscal 2027 | $ | 4,715 |
Fiscal 2028 | $ | 4,290 |
Fiscal 2029 and thereafter | $ | 5,218 |
Total amortization expense | $ | 29,357 |

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