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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table summarizes the Company’s recorded goodwill, where applicable, by reportable segments and the “All Others” category (refer to Note 15 for further information) as of July 1, 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 |
Goodwill impairment |  | — |  |  | — |  |  | (9,794) |  |  | $ | (9,794) |
Other |  | — |  |  | 294 |  |  | 2,720 |  |  | $ | 3,014 |
Balance at July 1, 2023 |  | $ | 18,280 |  |  | $ | 26,201 |  |  | 44,810 |  |  | $ | 89,291 |
(1) Cumulative goodwill impairment pertaining to the “All Others” category as of October 1, 2022 was $35.2 million. 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 July 1, 2023 and October 1, 2022:
| As of |  | Average estimated |
(dollar amounts in thousands) | July 1, 2023 |  | October 1, 2022 |  | useful lives (in years) |
Developed technology | $ | 99,614 |  |  | $ | 89,017 |  |  | 6.0 to 15.0 |
Accumulated amortization | (65,861) |  |  | (58,636) |  |  |  |
Impairment charges | $ | (6,900) |  |  | $ | — |  |  |  |
Net developed technology | $ | 26,853 |  |  | $ | 30,381 |  |  |  |
Customer relationships | $ | 37,259 |  |  | $ | 33,515 |  |  | 5.0 to 8.0 |
Accumulated amortization | (35,217) |  |  | (33,515) |  |  |  |
Net customer relationships | $ | 2,042 |  |  | $ | — |  |  |  |
In-process research and development | $ | 459 |  |  | $ | — |  |  | N.A |
Net in-process research and development | $ | 459 |  |  | $ | — |  |  |  |
Trade and brand name | $ | 7,212 |  |  | $ | 6,945 |  |  | 7.0 to 8.0 |
Accumulated amortization | (7,212) |  |  | (6,945) |  |  |  |
Net trade and brand name | — |  |  | — |  |  |  |
Other intangible assets | $ | 5,634 |  |  | $ | 4,700 |  |  | 1.0 to 8.0 |
Accumulated amortization | (3,570) |  |  | (3,142) |  |  |  |
Net other intangible assets | $ | 2,064 |  |  | $ | 1,558 |  |  |  |
| $ | 31,418 |  |  | $ | 31,939 |  |  |  |
Estimated annual amortization expense related to intangible assets | The following table reflects estimated annual amortization expense related to intangible assets as of July 1, 2023:
| As of
(in thousands) | July 1, 2023
Remaining fiscal 2023 | $ | 1,378 |
Fiscal 2024 | 5,274 |
Fiscal 2025 | 5,110 |
Fiscal 2026 | 5,110 |
Fiscal 2027 | 4,835 |
Thereafter | 9,711 |
Total amortization expense | $ | 31,418 |

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