XML 46 R36.htm IDEA: XBRL DOCUMENT
v3.24.0.1

SEGMENT INFORMATION (Tables) | 3 Months Ended
--- | ---
Dec. 30, 2023
Segment Reporting [Abstract] |
Operating information by segment | The following table reflects operating information by segment for the three months ended December 30, 2023 and December 31, 2022:
| Three months ended |  |
(in thousands) | December 30, 2023 |  | December 31, 2022 |  |  |  |
Net revenue: |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 86,270 |  |  | $ | 53,649 |  |  |  |  |
Wedge Bonding Equipment | 23,459 |  |  | 54,656 |  |  |  |  |
Advanced Solutions | 11,324 |  |  | 14,707 |  |  |  |  |
APS | 41,241 |  |  | 40,861 |  |  |  |  |
All Others | 8,895 |  |  | 12,360 |  |  |  |  |
Net revenue | 171,189 |  |  | 176,233 |  |  |  |  |
Income/(loss) from operations: |  |  |  |  |  |  |
Ball Bonding Equipment | 27,714 |  |  | 17,059 |  |  |  |  |
Wedge Bonding Equipment | 4,294 |  |  | 19,427 |  |  |  |  |
Advanced Solutions | (13,435) |  |  | (10,735) |  |  |  |  |
APS | 12,246 |  |  | 11,295 |  |  |  |  |
All Others | (8,074) |  |  | (4,463) |  |  |  |  |
Corporate Expenses | (21,052) |  |  | (20,761) |  |  |  |  |
Income from operations | $ | 1,693 |  |  | $ | 11,822 |  |  |  |  |
Schedule of net revenue by Capital Equipment end markets | The following table reflects net revenue by end markets served for the three months ended December 30, 2023 and December 31, 2022:
| Three months ended |  |
(in thousands) | December 30, 2023 |  | December 31, 2022 |  |  |  |
General Semiconductor | $ | 70,948 |  |  | $ | 68,372 |  |  |  |  |
Automotive & Industrial | 23,521 |  |  | 53,180 |  |  |  |  |
LED | 5,732 |  |  | 9,193 |  |  |  |  |
Memory | 29,747 |  |  | 4,627 |  |  |  |  |
APS | 41,241 |  |  | 40,861 |  |  |  |  |
Total revenue | $ | 171,189 |  |  | $ | 176,233 |  |  |  |  |
Capital expenditures, depreciation and amortization expense | The following table reflects capital expenditures, depreciation expense and amortization expense for the three months ended December 30, 2023 and December 31, 2022:
| Three months ended |  |
(in thousands) | December 30, 2023 |  | December 31, 2022 |  |  |  |
Capital expenditures: |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 396 |  |  | $ | 184 |  |  |  |  |
Wedge Bonding Equipment | 14 |  |  | 185 |  |  |  |  |
Advanced Solutions | 244 |  |  | 11,707 |  |  |  |  |
APS | 425 |  |  | 1,325 |  |  |  |  |
All Others | 141 |  |  | 166 |  |  |  |  |
Corporate Expenses | 2,313 |  |  | 2,084 |  |  |  |  |
| $ | 3,533 |  |  | $ | 15,651 |  |  |  |  |
Depreciation expense: |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 321 |  |  | $ | 376 |  |  |  |  |
Wedge Bonding Equipment | 284 |  |  | 275 |  |  |  |  |
Advanced Solutions | 3,047 |  |  | 618 |  |  |  |  |
APS | 1,323 |  |  | 1,609 |  |  |  |  |
All Others | 380 |  |  | 269 |  |  |  |  |
Corporate Expenses | 1,283 |  |  | 1,072 |  |  |  |  |
| $ | 6,638 |  |  | $ | 4,219 |  |  |  |  |
Amortization expense: |  |  |  |  |  |  |
Ball Bonding Equipment | $ | — |  |  | $ | — |  |  |  |  |
Wedge Bonding Equipment | — |  |  | — |  |  |  |  |
Advanced Solutions | — |  |  | — |  |  |  |  |
APS | 226 |  |  | 359 |  |  |  |  |
All Others | 1,029 |  |  | 943 |  |  |  |  |
Corporate Expenses | 92 |  |  | 92 |  |  |  |  |
| $ | 1,347 |  |  | $ | 1,394 |  |  |  |  |

X
- 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
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets. + 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 (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + 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 (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration