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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Jun. 29, 2024
Segment Reporting [Abstract] |
Operating information by segment | The following table reflects operating information by segment for the three and nine months ended June 29, 2024 and July 1, 2023:
| Three months ended |  | Nine months ended
(in thousands) | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Net revenue: |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 93,254 |  |  | $ | 76,865 |  |  | $ | 261,432 |  |  | $ | 184,049 |
Wedge Bonding Equipment | 26,144 |  |  | 42,563 |  |  | 72,364 |  |  | 145,805 |
Advanced Solutions | 20,953 |  |  | 23,858 |  |  | 46,401 |  |  | 58,997 |
APS | 38,059 |  |  | 39,672 |  |  | 119,967 |  |  | 119,822 |
All Others | 3,240 |  |  | 7,959 |  |  | 24,749 |  |  | 31,498 |
Net revenue | 181,650 |  |  | 190,917 |  |  | 524,913 |  |  | 540,171 |
Income/(loss) from operations: |  |  |  |  |  |  |
Ball Bonding Equipment | 27,751 |  |  | 18,534 |  |  | 80,617 |  |  | 49,337 |
Wedge Bonding Equipment | 4,149 |  |  | 15,974 |  |  | $ | 12,696 |  |  | $ | 53,958 |
Advanced Solutions | (9,785) |  |  | (2,570) |  |  | $ | (140,201) |  |  | $ | (21,160) |
APS | 11,443 |  |  | 11,510 |  |  | 36,275 |  |  | 34,778 |
All Others | (8,317) |  |  | (23,857) |  |  | (25,945) |  |  | (35,025) |
Corporate Expenses | (16,964) |  |  | (24,079) |  |  | (58,627) |  |  | (61,925) |
Income / (Loss) from operations | $ | 8,277 |  |  | $ | (4,488) |  |  | $ | (95,185) |  |  | $ | 19,963 |
Schedule of net revenue by Capital Equipment end markets | The following table reflects net revenue by end markets served for the three and nine months ended June 29, 2024 and July 1, 2023:
| Three months ended |  | Nine months ended
(in thousands) | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
General Semiconductor | $ | 89,154 |  |  | $ | 77,745 |  |  | $ | 250,239 |  |  | $ | 217,186 |
Automotive & Industrial | 32,086 |  |  | 44,973 |  |  | 80,975 |  |  | 149,608 |
LED | 7,975 |  |  | 17,678 |  |  | 19,282 |  |  | 32,765 |
Memory | 14,376 |  |  | 10,849 |  |  | 54,450 |  |  | 20,790 |
APS | 38,059 |  |  | 39,672 |  |  | 119,967 |  |  | 119,822 |
Total revenue | $ | 181,650 |  |  | $ | 190,917 |  |  | $ | 524,913 |  |  | $ | 540,171 |
Capital expenditures, depreciation and amortization expense | The following table reflects capital expenditures, depreciation expense and amortization expense for the three and nine months ended June 29, 2024 and July 1, 2023:
| Three months ended |  | Nine months ended
(in thousands) | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Capital expenditures: |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 172 |  |  | $ | 316 |  |  | $ | 726 |  |  | $ | 805 |
Wedge Bonding Equipment | 495 |  |  | 83 |  |  | 630 |  |  | 403 |
Advanced Solutions | 47 |  |  | 6,439 |  |  | 365 |  |  | 29,425 |
APS | 157 |  |  | 1,251 |  |  | 827 |  |  | 4,443 |
All Others | 412 |  |  | 30 |  |  | 839 |  |  | 279 |
Corporate Expenses | 1,983 |  |  | 2,332 |  |  | 7,258 |  |  | 8,130 |
| $ | 3,266 |  |  | $ | 10,451 |  |  | $ | 10,645 |  |  | $ | 43,485 |
Depreciation expense: |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 363 |  |  | $ | 388 |  |  | $ | 1,010 |  |  | $ | 1,173 |
Wedge Bonding Equipment | 228 |  |  | 304 |  |  | 764 |  |  | 878 |
Advanced Solutions | 295 |  |  | 2,989 |  |  | 5,663 |  |  | 4,821 |
APS | 1,332 |  |  | 1,517 |  |  | 3,957 |  |  | 4,742 |
All Others | 398 |  |  | 416 |  |  | 1,164 |  |  | 1,017 |
Corporate Expenses | 1,078 |  |  | 1,191 |  |  | 3,416 |  |  | 3,372 |
| $ | 3,694 |  |  | $ | 6,805 |  |  | $ | 15,974 |  |  | $ | 16,003 |
Amortization expense: |  |  |  |  |  |  |
Ball Bonding Equipment | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Wedge Bonding Equipment | — |  |  | — |  |  | — |  |  | — |
Advanced Solutions | — |  |  | — |  |  | — |  |  | — |
APS | 227 |  |  | 380 |  |  | 684 |  |  | 1,116 |
All Others | 931 |  |  | 1,314 |  |  | 2,963 |  |  | 3,352 |
Corporate Expenses | 92 |  |  | 92 |  |  | 275 |  |  | 275 |
| $ | 1,250 |  |  | $ | 1,786 |  |  | $ | 3,922 |  |  | $ | 4,743 |

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