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GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes the Company’s recorded goodwill by reportable segments (refer to Note 15) as of April 1, 2023 and October 1, 2022:
(in thousands)Capital EquipmentAPSTotal
Balance at October 1, 2022$42,189 $25,907 $68,096 
Acquired in business combination27,975 — $27,975 
Other2,542 280 $2,822 
Balance at April 1, 2023$72,706 $26,187 $98,893 

During the quarter ended April 1, 2023, the Company recorded goodwill relating to the acquisition of AJA. For further information on the acquisition of AJA, please refer to Note 3.
Net intangible assets
The following table reflects net intangible assets as of April 1, 2023 and October 1, 2022: 
 As ofAverage estimated
(dollar amounts in thousands)April 1, 2023October 1, 2022
useful lives (in years)
Developed technology$99,209 $89,017 
6.0 to 15.0
Accumulated amortization(64,139)(58,636)
Net developed technology$35,070 $30,381 
Customer relationships$37,156 $33,515 
5.0 to 8.0
Accumulated amortization(35,048)(33,515)
Net customer relationships$2,108 $— 
In-process research and development$459 $— N.A
Net in-process research and development$459 $— 
Trade and brand name$7,195 $6,945 
7.0 to 8.0
Accumulated amortization(7,195)(6,945)
Net trade and brand name— — 
Other intangible assets$5,618 $4,700 
1.0 to 8.0
Accumulated amortization(3,363)(3,142)
Net other intangible assets$2,255 $1,558 
$39,892 $31,939 
Estimated annual amortization expense related to intangible assets
The following table reflects estimated annual amortization expense related to intangible assets as of April 1, 2023:
 As of
(in thousands)April 1, 2023
Remaining fiscal 2023$3,567 
Fiscal 20246,963 
Fiscal 20256,799 
Fiscal 20266,799 
Fiscal 20276,095 
Thereafter9,669 
Total amortization expense$39,892