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GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
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 EquipmentAPSAll OthersTotal
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 AmountAccumulated AmortizationNet AmountGross Carrying AmountAccumulated AmortizationNet 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 20255,041 
Fiscal 20265,041 
Fiscal 20274,766 
Fiscal 20284,335 
Thereafter5,315 
Total amortization expense$25,744