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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table summarizes the changes in the Company’s recorded goodwill, where applicable, by reportable segments and the “All Others” category (refer to Note 14 for further information) as of June 29, 2024 and September 30, 2023:
(in thousands) |  | Wedge Bonding Equipment |  | APS |  | All Others |  | Total
Balance at September 30, 2023(1) |  | $ | 18,280 |  |  | $ | 26,109 |  |  | 44,284 |  |  | $ | 88,673 |
Other |  | — |  |  | 38 |  |  | 222 |  |  | $ | 260 |
Balance at June 29, 2024 |  | $ | 18,280 |  |  | $ | 26,147 |  |  | 44,506 |  |  | $ | 88,933 |
(1) Cumulative goodwill impairment pertaining to the “All Others” category as of September 30, 2023 was $45.0 million.
Net intangible assets | The following table reflects net intangible assets as of June 29, 2024 and September 30, 2023:
|  |  | As of June 29, 2024 |  | As of September 30, 2023
(dollar amounts in thousands) |  | Average estimated useful lives (in years) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
Developed technology |  | 6.0 to 15.0 | $ | 81,551 |  |  | $ | (59,395) |  |  | $ | 22,156 |  |  | $ | 80,959 |  |  | $ | (55,877) |  |  | $ | 25,082 |
Customer relationships |  | 5.0 to 8.0 | $ | 36,972 |  |  | $ | (35,197) |  |  | $ | 1,775 |  |  | $ | 36,764 |  |  | $ | (34,789) |  |  | $ | 1,975 |
Trade and brand name |  | 7.0 to 8.0 | $ | 7,164 |  |  | $ | (7,164) |  |  | $ | — |  |  | $ | 7,130 |  |  | $ | (7,130) |  |  | $ | — |
Other intangible assets |  | 1.0 to 8.0 | $ | 5,618 |  |  | $ | (4,264) |  |  | $ | 1,354 |  |  | $ | 5,617 |  |  | $ | (3,776) |  |  | $ | 1,841 |
In-process research and development |  | N.A | $ | 459 |  |  | $ | — |  |  | $ | 459 |  |  | $ | 459 |  |  | $ | — |  |  | $ | 459 |
|  |  | $ | 131,764 |  |  | $ | (106,020) |  |  | $ | 25,744 |  |  | $ | 130,929 |  |  | $ | (101,572) |  |  | $ | 29,357 |
Estimated annual amortization expense related to intangible assets | The following table reflects estimated annual amortization expense related to intangible assets as of June 29, 2024:
| As of
(in thousands) | June 29, 2024
Remaining fiscal 2024 | $ | 1,246 |
Fiscal 2025 | 5,041 |
Fiscal 2026 | 5,041 |
Fiscal 2027 | 4,766 |
Fiscal 2028 | 4,335 |
Thereafter | 5,315 |
Total amortization expense | $ | 25,744 |

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