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SEGMENT INFORMATION
 6 Months Ended
Mar. 30, 2024
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 and six months ended March 30, 2024 and April 1, 2023: 
 Three months endedSix months ended
(in thousands)March 30, 2024April 1, 2023March 30, 2024April 1, 2023
Net revenue:    
Ball Bonding Equipment$81,908 $53,535 $168,178 $107,184 
Wedge Bonding Equipment22,761 48,586 46,220 103,242 
Advanced Solutions14,124 20,432 25,448 35,139 
APS40,667 39,294 81,908 80,155 
All Others12,614 11,174 21,509 23,534 
              Net revenue172,074 173,021 343,263 349,254 
Income/(loss) from operations:    
Ball Bonding Equipment25,152 13,744 52,866 30,803 
Wedge Bonding Equipment4,253 18,557 $8,547 $37,984 
Advanced Solutions(116,981)(7,853)$(130,416)$(18,588)
APS12,586 11,978 24,832 23,273 
All Others(9,554)(6,711)(17,628)(11,174)
Corporate Expenses(20,611)(17,086)(41,663)(37,847)
              Income from operations$(105,155)$12,629 $(103,462)$24,451 
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 and six months ended March 30, 2024 and April 1, 2023: 
 Three months endedSix months ended
(in thousands)March 30, 2024April 1, 2023March 30, 2024April 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 
APS40,667 39,294 81,908 80,155 
Total revenue$172,074 $173,021 $343,263 $349,254 
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 endedSix months ended
(in thousands)March 30, 2024April 1, 2023March 30, 2024April 1, 2023
Capital expenditures:  
Ball Bonding Equipment$158 $305 $554 $489 
Wedge Bonding Equipment121 136 135 321 
Advanced Solutions74 11,284 318 22,991 
APS245 1,867 670 3,192 
All Others286 82 427 248 
Corporate Expenses2,962 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 Equipment252 300 536 575 
Advanced Solutions2,321 1,214 5,368 1,832 
APS1,302 1,616 2,625 3,225 
All Others386 333 766 602 
Corporate Expenses1,055 1,107 2,338 2,179 
$5,642 $4,979 $12,280 $9,198 
Amortization expense:
Ball Bonding Equipment$— $— $— $— 
Wedge Bonding Equipment— — — — 
Advanced Solutions— — — — 
APS231 377 457 736 
All Others1,003 1,095 2,032 2,038 
Corporate Expenses91 91 183 183 
$1,325 $1,563 $2,672 $2,957