XML 56 R27.htm IDEA: XBRL DOCUMENT v3.24.3
Schedule II-Valuation and Qualifying Accounts
 12 Months Ended
Sep. 28, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II-Valuation and Qualifying Accounts
KULICKE AND SOFFA INDUSTRIES, INC.
Schedule II-Valuation and Qualifying Accounts
(in thousands)
Fiscal 2024:Beginning of period
Additions
Deductions
End of period
Allowance for doubtful accounts$49 $— $— (1)$49 
Inventory reserve$21,285 $38,569 (4)$(28,070)
(2, 4)
$31,784 
Valuation allowance for deferred taxes$21,483 $23,979 (5)$— $45,462 
Fiscal 2023:
Allowance for doubtful accounts$— $49 $— (1)$49 
Inventory reserve$19,238 $4,284 $(2,237)(2)$21,285 
Valuation allowance for deferred taxes$21,750 $— $(267)(3)$21,483 
Fiscal 2022:
Allowance for doubtful accounts$687 $— $(687)(1, 6)$— 
Inventory reserve$23,042 $— $(3,804)(2, 6)$19,238 
Valuation allowance for deferred taxes$34,095 $— $(12,345)(3)$21,750 
(1)Represents write-offs of specific accounts receivable.
(2)Sale or scrap of previously reserved inventory.
(3)
Reflects the net decrease in the valuation allowance primarily associated with the Company’s utilization of certain U.S. and foreign net operating losses for which a valuation allowance had previously been recorded, partially offset by an increase for U.S. and foreign tax credits, U.S. and foreign net operating losses and other deferred tax assets.
(4)
Includes the write-down to inventory in relation to the cancellation of Project W that was provided for as inventory reserves during the quarter ended June 29, 2024.
(5)
Reflects the net increase in the valuation allowance primarily associated with the Company’s U.S. and foreign tax credits, U.S. and foreign net operating losses and other deferred tax assets
(6)
Certain balances in fiscal 2022 have been reclassified to conform to the current period presentation. These reclassifications have no impact to the consolidated financial statements in the fiscal period.