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GOODWILL AND INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Mar. 29, 2025
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 as of March 29, 2025 and September 28, 2024. Please refer to Note 16: Cessation of Business for further information on the intended cessation of business:
(in thousands) |  | Wedge Bonding Equipment |  | APS |  | All Others |  | Total
Balance at September 28, 2024(1) |  | $ | 18,280 |  |  | $ | 26,268 |  |  | 45,200 |  |  | $ | 89,748 |
Goodwill impairment |  | — |  |  | (2,850) |  |  | (16,348) |  |  | $ | (19,198) |
Other |  | — |  |  | (152) |  |  | (876) |  |  | $ | (1,028) |
Balance at March 29, 2025 |  | $ | 18,280 |  |  | $ | 23,266 |  |  | 27,976 |  |  | $ | 69,522 |
(1) Cumulative goodwill impairment pertaining to the “All Others” category as of September 28, 2024 was $45.0 million.
Net intangible assets | The following table reflects net intangible assets as of March 29, 2025 and September 28, 2024:
|  |  | As of March 29, 2025 |  | As of September 28, 2024
(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 | $ | 37,461 |  |  | $ | (34,310) |  |  | $ | 3,151 |  |  | $ | 83,401 |  |  | $ | (61,575) |  |  | $ | 21,826 |
Customer relationships |  | 5.0 to 8.0 | $ | 21,430 |  |  | $ | (19,855) |  |  | $ | 1,575 |  |  | $ | 37,625 |  |  | $ | (35,916) |  |  | $ | 1,709 |
Trade and brand name |  | 7.0 to 8.0 | $ | 4,600 |  |  | $ | (4,600) |  |  | $ | — |  |  | $ | 7,272 |  |  | $ | (7,272) |  |  | $ | — |
Other intangible assets |  | 1.0 to 8.0 | $ | 5,618 |  |  | $ | (4,588) |  |  | $ | 1,030 |  |  | $ | 5,617 |  |  | $ | (4,372) |  |  | $ | 1,245 |
In-process research and development |  | N.A | $ | 459 |  |  | $ | — |  |  | $ | 459 |  |  | $ | 459 |  |  | $ | — |  |  | $ | 459 |
|  |  | $ | 69,568 |  |  | $ | (63,353) |  |  | $ | 6,215 |  |  | $ | 134,374 |  |  | $ | (109,135) |  |  | $ | 25,239 |
Estimated annual amortization expense related to intangible assets | The following table reflects estimated annual amortization expense related to intangible assets as of March 29, 2025:
| As of
(in thousands) | March 29, 2025
Remaining fiscal 2025 | $ | 659 |
Fiscal 2026 | 1,288 |
Fiscal 2027 | 1,013 |
Fiscal 2028 | 922 |
Fiscal 2029 | 922 |
Thereafter | 1,411 |
Total amortization expense | $ | 6,215 |

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