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SEGMENT INFORMATION
 3 Months Ended
Dec. 30, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION 14. 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.
As discussed in Note 1, during the third quarter of fiscal year 2023, the Company reconsidered the guidance under ASC 280, Segment Reporting, and determined that certain prior period conclusions about the Company’s operating and reportable segments were erroneous. As a result, the Company had incorrectly presented certain segment-related disclosures in the notes to our previously issued consolidated financial statements, included in our Original Form 10-K.
The Company has revised the prior period presentation to reflect its four reportable segments as follows: (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 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 operating information by segment for the three months ended December 30, 2023 and December 31, 2022: 
 Three months ended
(in thousands)December 30, 2023December 31, 2022
Net revenue:  
Ball Bonding Equipment$86,270 $53,649 
Wedge Bonding Equipment23,459 54,656 
Advanced Solutions11,324 14,707 
APS41,241 40,861 
All Others8,895 12,360 
              Net revenue171,189 176,233 
Income/(loss) from operations:  
Ball Bonding Equipment27,714 17,059 
Wedge Bonding Equipment4,294 19,427 
Advanced Solutions(13,435)(10,735)
APS12,246 11,295 
All Others(8,074)(4,463)
Corporate Expenses(21,052)(20,761)
              Income from operations$1,693 $11,822 
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 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, 2023December 31, 2022
General Semiconductor$70,948 $68,372 
Automotive & Industrial 23,521 53,180 
LED 5,732 9,193 
Memory 29,747 4,627 
APS41,241 40,861 
Total revenue$171,189 $176,233 
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, 2023December 31, 2022
Capital expenditures:
Ball Bonding Equipment$396 $184 
Wedge Bonding Equipment14 185 
Advanced Solutions244 11,707 
APS425 1,325 
All Others141 166 
Corporate Expenses2,313 2,084 
$3,533 $15,651 
Depreciation expense:  
Ball Bonding Equipment$321 $376 
Wedge Bonding Equipment284 275 
Advanced Solutions3,047 618 
APS1,323 1,609 
All Others380 269 
Corporate Expenses1,283 1,072 
$6,638 $4,219 
Amortization expense:
Ball Bonding Equipment$— $— 
Wedge Bonding Equipment— — 
Advanced Solutions— — 
APS226 359 
All Others1,029 943 
Corporate Expenses92 92 
$1,347 $1,394