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SEGMENT INFORMATION
9 Months Ended
Jun. 29, 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.
The Company has four reportable segments consisting of: (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 and wedge-related 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 nine months ended June 29, 2024 and July 1, 2023: 
 Three months endedNine months ended
(in thousands)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Net revenue:    
Ball Bonding Equipment$93,254 $76,865 $261,432 $184,049 
Wedge Bonding Equipment26,144 42,563 72,364 145,805 
Advanced Solutions20,953 23,858 46,401 58,997 
APS38,059 39,672 119,967 119,822 
All Others3,240 7,959 24,749 31,498 
              Net revenue181,650 190,917 524,913 540,171 
Income/(loss) from operations:    
Ball Bonding Equipment27,751 18,534 80,617 49,337 
Wedge Bonding Equipment4,149 15,974 $12,696 $53,958 
Advanced Solutions(9,785)(2,570)$(140,201)$(21,160)
APS11,443 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 
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 nine months ended June 29, 2024 and July 1, 2023: 
 Three months endedNine months ended
(in thousands)June 29, 2024July 1, 2023June 29, 2024July 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 
APS38,059 39,672 119,967 119,822 
Total revenue$181,650 $190,917 $524,913 $540,171 
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 endedNine months ended
(in thousands)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Capital expenditures:  
Ball Bonding Equipment$172 $316 $726 $805 
Wedge Bonding Equipment495 83 630 403 
Advanced Solutions47 6,439 365 29,425 
APS157 1,251 827 4,443 
All Others412 30 839 279 
Corporate Expenses1,983 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 Equipment228 304 764 878 
Advanced Solutions295 2,989 5,663 4,821 
APS1,332 1,517 3,957 4,742 
All Others398 416 1,164 1,017 
Corporate Expenses1,078 1,191 3,416 3,372 
$3,694 $6,805 $15,974 $16,003 
Amortization expense:
Ball Bonding Equipment$— $— $— $— 
Wedge Bonding Equipment— — — — 
Advanced Solutions— — — — 
APS227 380 684 1,116 
All Others931 1,314 2,963 3,352 
Corporate Expenses92 92 275 275 
$1,250 $1,786 $3,922 $4,743