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CHANGES IN EQUITY AND COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Jul. 31, 2011

Equity [Abstract]

CHANGES IN EQUITY AND COMPREHENSIVE INCOME (LOSS)

NOTE 2 - CHANGES IN EQUITY AND COMPREHENSIVE INCOME (LOSS)

The following tables set forth the Company's consolidated changes in equity and comprehensive income (net of tax) for the three and nine months ended July 31, 2011 and August 1, 2010:

		Three Months Ended July 31, 2011
		Photronics, Inc. Shareholders
																		Accum-
														Retained				ulated
														Earnings				Other
										Add'l				(Accum-				Compre-				Total				Non-
		Common Stock								Paid-in				ulated				hensive				Photronics,				controlling				Total
		Shares				Amount				Capital				Deficit)				Income				Inc.				Interests				Equity
Balance at  May 1, 2011			58,539			$	585			$	478,009			$	(6,951	)		$	23,991			$	495,634			$	56,981			$	552,615
Comprehensive income:
Net income			-				-				-				11,265				-				11,265				1,357				12,622
Amortization of cash flow hedges			-				-				-				-				32				32				-				32
Foreign currency translation adjustments			-				-				-				-				3,271				3,271				99				3,370
Total comprehensive income																							14,568				1,456				16,024
Common stock issued to extinguish debt			738				7				6,461				-				-				6,468				-				6,468
Sale of common stock through employee stock option and purchase plans			205				2				243				-				-				245				-				245
Restricted stock awards vesting and expense			28				1				341				-				-				342				-				342
Share-based compensation expense			-				-				385				-				-				385				-				385
Balance at  July 31, 2011			59,510			$	595			$	485,439			$	4,314			$	27,294			$	517,642			$	58,437			$	576,079

		Three Months Ended August 1, 2010
		Photronics, Inc. Shareholders
																		Accum-
																		ulated
																		Other
																		Compre-
										Add'l				Accum-				hensive				Total				Non-
		Common Stock								Paid-in				ulated				Income				Photronics,				controlling				Total
		Shares				Amount				Capital				Deficit				(Loss)				Inc.				Interests				Equity
Balance at May 2, 2010			53,497			$	535			$	434,976			$	(18,459	)		$	6,217			$	423,269			$	52,900			$	476,169
Comprehensive income:
Net income (loss)			-				-				-				7,691				-				7,691				(84	)			7,607
Reclassification adjustment – unrealized holding gain			-				-				-				-				(76	)			(76	)			(56	)			(132	)
Amortization of cash flow hedges			-				-				-				-				31				31				-				31
Foreign currency translation adjustments			-				-				-				-				(10,820	)			(10,820	)			108				(10,712	)
Total comprehensive loss			-				-				-				-				-				(3,174	)			(32	)			(3,206	)
Sale of common stock through employee stock option and purchase plans			5				-				4				-				-				4				-				4
Share-based compensation expense			13				-				487				-				-				487				-				487
Balance at August 1, 2010			53,515			$	535			$	435,467			$	(10,768	)		$	(4,648	)		$	420,586			$	52,868			$	473,454

		Nine Months Ended July 31, 2011
		Photronics, Inc. Shareholders
																		Accum-
														Retained				ulated
														Earnings				Other
										Add'l				(Accum-				Compre-				Total				Non-
		Common Stock								Paid-in				ulated				hensive				Photronics,				controlling				Total
		Shares				Amount				Capital				Deficit)				Income				Inc.				Interests				Equity
Balance at October 31, 2010			53,779			$	538			$	436,825			$	(2,624	)		$	7,062			$	441,801			$	54,142			$	495,943
Comprehensive income:
Net income			-				-				-				6,938				-				6,938				4,235				11,173
Amortization of cash flow hedges			-				-				-				-				96				96				-				96
Foreign currency translation adjustments			-				-				-				-				20,148				20,148				3,009				23,157
Total comprehensive income																							27,182				7,244				34,426
Common stock issued to extinguish debt			5,229				52				45,585				-				-				45,637				-				45,637
Sale of common stock through employee stock option and purchase plans			315				3				387				-				-				390				-				390
Restricted stock awards vesting and expense			65				1				763				-				-				764				-				764
Share-based compensation expense			-				-				1,050				-				-				1,050				-				1,050
Common stock warrants exercised			122				1				1,157				-				-				1,158				-				1,158
Repurchase of common stock by subsidiary			-				-				(328	)			-				(12	)			(340	)			(2,949	)			(3,289	)
Balance at  July 31, 2011			59,510			$	595			$	485,439			$	4,314			$	27,294			$	517,642			$	58,437			$	576,079

		Nine Months Ended August 1, 2010
		Photronics, Inc. Shareholders
																		Accum-
																		ulated
																		Other
										Add'l				Accum-				Compre-				Total				Non-
		Common Stock								Paid-in				ulated				hensive				Photronics,				controlling				Total
		Shares				Amount				Capital				Deficit				Loss				Inc.				Interests				Equity
Balance at November 1, 2009			53,011			$	530			$	432,160			$	(26,546	)		$	(6,389	)		$	399,755			$	49,941			$	449,696
Comprehensive income:
Net income			-				-				-				15,778				-				15,778				842				16,620
Unrealized holding gain			-				-				-				-				76				76				56				132
Reclassification adjustment – unrealized holding gain			-				-				-				-				(76	)			(76	)			(56	)			(132	)
Amortization of cash flow hedges			-				-				-				-				96				96				-				96
Foreign currency translation adjustments			-				-				-				-				1,645				1,645				2,085				3,730
Total comprehensive income			-				-				-				-				-				17,519				2,927				20,446
Sale of common stock through employee stock option and purchase plans			98				1				108				-				-				109				-				109
Share-based compensation expense			56				-				1,518				-				-				1,518				-				1,518
Common stock warrants exercised			350				4				1,681				-				-				1,685				-				1,685
Balance at August 1, 2010			53,515			$	535			$	435,467			$	(10,768	)		$	(4,648	)		$	420,586			$	52,868			$	473,454

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The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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