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GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
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 EquipmentAPSAll OthersTotal
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 ofAverage estimated
(dollar amounts in thousands)July 1, 2023October 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 20245,274 
Fiscal 20255,110 
Fiscal 20265,110 
Fiscal 20274,835 
Thereafter9,711 
Total amortization expense$31,418