v3.25.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
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 EquipmentAPSAll OthersTotal
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 AmountAccumulated AmortizationNet AmountGross Carrying AmountAccumulated AmortizationNet 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 developmentN.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 20271,013 
Fiscal 2028
922 
Fiscal 2029
922 
Thereafter1,411 
Total amortization expense$6,215