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SEGMENT INFORMATION
 12 Months Ended
Sep. 28, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION
Reportable segments are defined as components of an enterprise that engage in business activities for which discrete financial information is available and regularly reviewed by the chief operating decision maker (the “CODM”) in deciding how to allocate resources and assess performance. The Company’s Chief Executive Officer is the CODM. The CODM does not review discrete asset information.
The Company operates four reportable segments consisting of: (1) Ball Bonding Equipment, (2) Wedge Bonding Equipment, (3) Advanced Solutions, and (4) Aftermarket Products and Services (“APS”). The four reportable segments are disclosed below:
Ball Bonding Equipment: Reflects the results of the Company from the design, development, manufacture and sale of ball bonding equipment and wafer level bonding equipment.
Wedge Bonding Equipment: Reflects the results of the Company from the design, development, manufacture and sale of wedge and wedge-related bonding equipment.
Advanced Solutions: Reflects the results of the Company from the design, development, manufacture and sale of certain advanced display, die-attach and thermocompression systems and solutions.
APS: Reflects the results of the Company from the design, development, manufacture and sale of a variety of tools, spares and services for our equipment.
Any other operating segments that have not been aggregated within the reportable segments described above which do not meet the quantitative threshold to be disclosed as a separate reportable segment have been grouped within an “All Others” category. This group is reflective of the results of the Company from the design, development, manufacture and sale of certain advanced display, advanced dispense, electronics assembly, die-attach and lithography systems and solutions. Results for the “All Others” category and other corporate expenses are included as a reconciling item between the Company’s reportable segments and its consolidated results of operations.
The following table reflects the operating information by reportable segment for fiscal 2024, 2023 and 2022: 
 Fiscal
(in thousands)202420232022
Net revenue:
      Ball Bonding Equipment$357,833 $287,465 $909,428 
      Wedge Bonding Equipment105,826 175,550 194,086 
      Advanced Solutions52,876 72,256 94,683 
      APS160,009 160,718 197,152 
      All Others29,688 46,502 108,271 
              Net revenue706,232 742,491 1,503,620 
Income/(loss) from operations:
      Ball Bonding Equipment$113,000 81,929 385,276 
      Wedge Bonding Equipment19,575 63,088 66,649 
      Advanced Solutions(155,350)(32,530)(15,389)
      APS49,744 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 
We have considered: (1) information that is regularly reviewed by our CODM in evaluating financial performance and how to allocate resources; and (2) other financial data, including information that we include in our earnings releases but which is not included in our financial statements, to disaggregate revenues by end markets served. The principal category we use to disaggregate revenues is by the end markets served.
The following table reflects the net revenue by end markets served for fiscal 2024, 2023 and 2022:
 Fiscal
(in thousands)202420232022
General Semiconductor$333,788 $333,937 $843,763 
Automotive & Industrial117,769 175,249 198,138 
LED21,076 50,166 137,077 
Memory73,590 22,421 127,490 
APS160,009 160,718 197,152 
Total revenue$706,232 $742,491 $1,503,620 
The following tables reflect the capital expenditures, depreciation and amortization expense by reportable segment for fiscal 2024, 2023 and 2022:
 Fiscal
(in thousands)202420232022
Capital expenditures:
Ball Bonding Equipment$1,548 $1,087 $978 
Wedge Bonding Equipment699 436 1,450 
Advanced Solutions804 30,522 19,036 
APS1,177 5,298 4,964 
All Others$891 $658 $1,364 
Corporate Expenses8,617 9,701 4,441 
Capital expenditures$13,736 $47,702 $32,233 
 Fiscal
(in thousands)202420232022
Depreciation expense:
Ball Bonding Equipment$1,363 $1,538 $1,398 
Wedge Bonding Equipment1,003 1,169 981 
Advanced Solutions5,945 7,706 2,034 
APS5,352 6,166 6,632 
All Others$1,577 1,505 1,047 
Corporate Expenses4,307 4,674 4,284 
Depreciation expense$19,547 $22,758 $16,376 
 Fiscal
(in thousands)202420232022
Amortization expense:
Ball Bonding Equipment$— $— $— 
Wedge Bonding Equipment— — — 
Advanced Solutions— — — 
APS917 896 994 
All Others$3,904 4,837 3,557 
Corporate Expenses367 366 366 
Amortization expense$5,188 $6,099 $4,917 
Geographical information
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)202420232022
Destination sales to unaffiliated customers:
China$416,695 $335,393 $855,345 
United States66,147 65,705 83,906 
Taiwan59,288 66,358 123,995 
Malaysia54,275 64,013 126,520 
Japan12,778 35,849 18,092 
Philippines10,585 31,527 44,510 
Korea11,563 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)20242023
Long-lived assets:
Singapore$47,035 $95,489 
United States29,166 24,894 
China15,635 17,717 
Israel7,822 9,264 
All others
12,664 13,774 
Total long-lived assets$112,322 $161,138