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SEGMENT INFORMATION (Tables)

9 Months Ended

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

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.

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