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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Mar. 30, 2024
Segment Reporting [Abstract] |
Operating information by segment | The following table reflects operating information by segment for the three and six months ended March 30, 2024 and April 1, 2023:
| Three months ended |  | Six months ended
(in thousands) | March 30, 2024 |  | April 1, 2023 |  | March 30, 2024 |  | April 1, 2023
Net revenue: |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 81,908 |  |  | $ | 53,535 |  |  | $ | 168,178 |  |  | $ | 107,184 |
Wedge Bonding Equipment | 22,761 |  |  | 48,586 |  |  | 46,220 |  |  | 103,242 |
Advanced Solutions | 14,124 |  |  | 20,432 |  |  | 25,448 |  |  | 35,139 |
APS | 40,667 |  |  | 39,294 |  |  | 81,908 |  |  | 80,155 |
All Others | 12,614 |  |  | 11,174 |  |  | 21,509 |  |  | 23,534 |
Net revenue | 172,074 |  |  | 173,021 |  |  | 343,263 |  |  | 349,254 |
Income/(loss) from operations: |  |  |  |  |  |  |
Ball Bonding Equipment | 25,152 |  |  | 13,744 |  |  | 52,866 |  |  | 30,803 |
Wedge Bonding Equipment | 4,253 |  |  | 18,557 |  |  | $ | 8,547 |  |  | $ | 37,984 |
Advanced Solutions | (116,981) |  |  | (7,853) |  |  | $ | (130,416) |  |  | $ | (18,588) |
APS | 12,586 |  |  | 11,978 |  |  | 24,832 |  |  | 23,273 |
All Others | (9,554) |  |  | (6,711) |  |  | (17,628) |  |  | (11,174) |
Corporate Expenses | (20,611) |  |  | (17,086) |  |  | (41,663) |  |  | (37,847) |
Income from operations | $ | (105,155) |  |  | $ | 12,629 |  |  | $ | (103,462) |  |  | $ | 24,451 |
Schedule of net revenue by Capital Equipment end markets | The following table reflects net revenue by end markets served for the three and six months ended March 30, 2024 and April 1, 2023:
| Three months ended |  | Six months ended
(in thousands) | March 30, 2024 |  | April 1, 2023 |  | March 30, 2024 |  | April 1, 2023
General Semiconductor | $ | 90,137 |  |  | $ | 71,064 |  |  | $ | 161,085 |  |  | $ | 139,436 |
Automotive & Industrial | 25,368 |  |  | 51,455 |  |  | 48,889 |  |  | 104,635 |
LED | 5,575 |  |  | 5,894 |  |  | 11,307 |  |  | 15,087 |
Memory | 10,327 |  |  | 5,314 |  |  | 40,074 |  |  | 9,941 |
APS | 40,667 |  |  | 39,294 |  |  | 81,908 |  |  | 80,155 |
Total revenue | $ | 172,074 |  |  | $ | 173,021 |  |  | $ | 343,263 |  |  | $ | 349,254 |
Capital expenditures, depreciation and amortization expense | The following table reflects capital expenditures, depreciation expense and amortization expense for the three and six months ended March 30, 2024 and April 1, 2023:
| Three months ended |  | Six months ended
(in thousands) | March 30, 2024 |  | April 1, 2023 |  | March 30, 2024 |  | April 1, 2023
Capital expenditures: |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 158 |  |  | $ | 305 |  |  | $ | 554 |  |  | $ | 489 |
Wedge Bonding Equipment | 121 |  |  | 136 |  |  | 135 |  |  | 321 |
Advanced Solutions | 74 |  |  | 11,284 |  |  | 318 |  |  | 22,991 |
APS | 245 |  |  | 1,867 |  |  | 670 |  |  | 3,192 |
All Others | 286 |  |  | 82 |  |  | 427 |  |  | 248 |
Corporate Expenses | 2,962 |  |  | 3,709 |  |  | 5,275 |  |  | 5,793 |
| $ | 3,846 |  |  | $ | 17,383 |  |  | $ | 7,379 |  |  | $ | 33,034 |
Depreciation expense: |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 326 |  |  | $ | 409 |  |  | $ | 647 |  |  | $ | 785 |
Wedge Bonding Equipment | 252 |  |  | 300 |  |  | 536 |  |  | 575 |
Advanced Solutions | 2,321 |  |  | 1,214 |  |  | 5,368 |  |  | 1,832 |
APS | 1,302 |  |  | 1,616 |  |  | 2,625 |  |  | 3,225 |
All Others | 386 |  |  | 333 |  |  | 766 |  |  | 602 |
Corporate Expenses | 1,055 |  |  | 1,107 |  |  | 2,338 |  |  | 2,179 |
| $ | 5,642 |  |  | $ | 4,979 |  |  | $ | 12,280 |  |  | $ | 9,198 |
Amortization expense: |  |  |  |  |  |  |
Ball Bonding Equipment | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Wedge Bonding Equipment | — |  |  | — |  |  | — |  |  | — |
Advanced Solutions | — |  |  | — |  |  | — |  |  | — |
APS | 231 |  |  | 377 |  |  | 457 |  |  | 736 |
All Others | 1,003 |  |  | 1,095 |  |  | 2,032 |  |  | 2,038 |
Corporate Expenses | 91 |  |  | 91 |  |  | 183 |  |  | 183 |
| $ | 1,325 |  |  | $ | 1,563 |  |  | $ | 2,672 |  |  | $ | 2,957 |

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