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v3.24.3

SEGMENT INFORMATION (Tables) | 12 Months Ended
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Sep. 28, 2024
Segment Reporting [Abstract] |
Operating information by segment | The following table reflects the operating information by reportable segment for fiscal 2024, 2023 and 2022:
|  | Fiscal
(in thousands) |  | 2024 |  | 2023 |  | 2022
Net revenue: |  |  |  |  |  |
Ball Bonding Equipment |  | $ | 357,833 |  |  | $ | 287,465 |  |  | $ | 909,428 |
Wedge Bonding Equipment |  | 105,826 |  |  | 175,550 |  |  | 194,086 |
Advanced Solutions |  | 52,876 |  |  | 72,256 |  |  | 94,683 |
APS |  | 160,009 |  |  | 160,718 |  |  | 197,152 |
All Others |  | 29,688 |  |  | 46,502 |  |  | 108,271 |
Net revenue |  | 706,232 |  |  | 742,491 |  |  | 1,503,620 |
Income/(loss) from operations: |  |  |  |  |  |
Ball Bonding Equipment |  | $ | 113,000 |  |  | 81,929 |  |  | 385,276 |
Wedge Bonding Equipment |  | 19,575 |  |  | 63,088 |  |  | 66,649 |
Advanced Solutions |  | (155,350) |  |  | (32,530) |  |  | (15,389) |
APS |  | 49,744 |  |  | 47,654 |  |  | 82,473 |
All Others |  | (33,527) |  |  | (36,797) |  |  | 25,732 |
Corporate Expenses |  | (85,938) |  |  | (83,907) |  |  | (74,669) |
(Loss)/Income from Operations |  | (92,496) |  |  | 39,437 |  |  | 470,072 |
Revenue from external customers by products and services | The following table reflects the net revenue by end markets served for fiscal 2024, 2023 and 2022:
|  | Fiscal
(in thousands) |  | 2024 |  | 2023 |  | 2022
General Semiconductor |  | $ | 333,788 |  |  | $ | 333,937 |  |  | $ | 843,763 |
Automotive & Industrial |  | 117,769 |  |  | 175,249 |  |  | 198,138 |
LED |  | 21,076 |  |  | 50,166 |  |  | 137,077 |
Memory |  | 73,590 |  |  | 22,421 |  |  | 127,490 |
APS |  | 160,009 |  |  | 160,718 |  |  | 197,152 |
Total revenue |  | $ | 706,232 |  |  | $ | 742,491 |  |  | $ | 1,503,620 |
Capital expenditures and depreciation expense | The following tables reflect the capital expenditures, depreciation and amortization expense by reportable segment for fiscal 2024, 2023 and 2022:
|  | Fiscal
(in thousands) |  | 2024 |  | 2023 |  | 2022
Capital expenditures: |  |  |  |  |  |
Ball Bonding Equipment |  | $ | 1,548 |  |  | $ | 1,087 |  |  | $ | 978 |
Wedge Bonding Equipment |  | 699 |  |  | 436 |  |  | 1,450 |
Advanced Solutions |  | 804 |  |  | 30,522 |  |  | 19,036 |
APS |  | 1,177 |  |  | 5,298 |  |  | 4,964 |
All Others |  | $ | 891 |  |  | $ | 658 |  |  | $ | 1,364 |
Corporate Expenses |  | 8,617 |  |  | 9,701 |  |  | 4,441 |
Capital expenditures |  | $ | 13,736 |  |  | $ | 47,702 |  |  | $ | 32,233 |
|  | Fiscal
(in thousands) |  | 2024 |  | 2023 |  | 2022
Depreciation expense: |  |  |  |  |  |
Ball Bonding Equipment |  | $ | 1,363 |  |  | $ | 1,538 |  |  | $ | 1,398 |
Wedge Bonding Equipment |  | 1,003 |  |  | 1,169 |  |  | 981 |
Advanced Solutions |  | 5,945 |  |  | 7,706 |  |  | 2,034 |
APS |  | 5,352 |  |  | 6,166 |  |  | 6,632 |
All Others |  | $ | 1,577 |  |  | 1,505 |  |  | 1,047 |
Corporate Expenses |  | 4,307 |  |  | 4,674 |  |  | 4,284 |
Depreciation expense |  | $ | 19,547 |  |  | $ | 22,758 |  |  | $ | 16,376 |
|  | Fiscal
(in thousands) |  | 2024 |  | 2023 |  | 2022
Amortization expense: |  |  |  |  |  |
Ball Bonding Equipment |  | $ | — |  |  | $ | — |  |  | $ | — |
Wedge Bonding Equipment |  | — |  |  | — |  |  | — |
Advanced Solutions |  | — |  |  | — |  |  | — |
APS |  | 917 |  |  | 896 |  |  | 994 |
All Others |  | $ | 3,904 |  |  | 4,837 |  |  | 3,557 |
Corporate Expenses |  | 367 |  |  | 366 |  |  | 366 |
Amortization expense |  | $ | 5,188 |  |  | $ | 6,099 |  |  | $ | 4,917 |
Schedule of revenue from external customers and long-lived assets, by geographical areas | The following tables reflect destination sales to unaffiliated customers by country and long-lived assets by country for fiscal 2024, 2023 and 2022:
| Fiscal
(in thousands) | 2024 |  | 2023 |  | 2022
Destination sales to unaffiliated customers: |  |  |  |  |
China | $ | 416,695 |  |  | $ | 335,393 |  |  | $ | 855,345 |
United States | 66,147 |  |  | 65,705 |  |  | 83,906 |
Taiwan | 59,288 |  |  | 66,358 |  |  | 123,995 |
Malaysia | 54,275 |  |  | 64,013 |  |  | 126,520 |
Japan | 12,778 |  |  | 35,849 |  |  | 18,092 |
Philippines | 10,585 |  |  | 31,527 |  |  | 44,510 |
Korea | 11,563 |  |  | 17,977 |  |  | 87,647 |
Hong Kong | 11,743 |  |  | 13,933 |  |  | 27,216 |
All other(1) | 63,158 |  |  | 111,736 |  |  | 136,389 |
Total destination sales to unaffiliated customers | $ | 706,232 |  |  | $ | 742,491 |  |  | $ | 1,503,620 |
| Fiscal
(in thousands) | 2024 |  | 2023 |  |
Long-lived assets: |  |  |  |  |
Singapore | $ | 47,035 |  |  | $ | 95,489 |  |  |
United States | 29,166 |  |  | 24,894 |  |  |
China | 15,635 |  |  | 17,717 |  |  |
Israel | 7,822 |  |  | 9,264 |  |  |
All others | 12,664 |  |  | 13,774 |  |  |
Total long-lived assets | $ | 112,322 |  |  | $ | 161,138 |  |  |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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