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SEGMENT INFORMATION (Tables)

12 Months Ended

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.

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Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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