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GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
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 EquipmentAPSAll OthersTotal
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, 202318,280 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 ofAverage estimated
(dollar amounts in thousands)September 30, 2023October 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