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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Dec. 31, 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 December 31, 2022 and October 1, 2022:
(in thousands)Capital EquipmentAPSTotal
Balance at October 1, 2022$42,189 $25,907 $68,096 
Other2,198 242 $2,440 
Balance at December 31, 2022$44,387 $26,149 $70,536 
Net intangible assets
The following table reflects net intangible assets as of December 31, 2022 and October 1, 2022: 
 As ofAverage estimated
(dollar amounts in thousands)December 31, 2022October 1, 2022
useful lives (in years)
Developed technology$94,149 $89,017 
6.0 to 15.0
Accumulated amortization(62,335)(58,636)
Net developed technology$31,814 $30,381 
Customer relationships$34,822 $33,515 
5.0 to 6.0
Accumulated amortization(34,822)(33,515)
Net customer relationships$— $— 
Trade and brand name$7,161 $6,945 
7.0 to 8.0
Accumulated amortization(7,161)(6,945)
Net trade and brand name— — 
Other intangible assets$4,700 $4,700 
1.9 to 6.0
Accumulated amortization(3,233)(3,142)
Net other intangible assets$1,467 $1,558 
$33,281 $31,939 
Estimated annual amortization expense related to intangible assets
The following table reflects estimated annual amortization expense related to intangible assets as of December 31, 2022:
 As of
(in thousands)December 31, 2022
Remaining fiscal 2023$4,354 
Fiscal 20245,806 
Fiscal 20255,806 
Fiscal 20265,806 
Fiscal 20275,108 
Thereafter6,401 
Total amortization expense$33,281