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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) | 12 Months Ended
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Oct. 30, 2011
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) [Abstract] |
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) | NOTE 22 - QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The following table sets forth certain unaudited quarterly financial data:
|  | First |  |  | Second |  |  | Third |  |  | Fourth |  |  | Year |
Fiscal 2011: |  | (a) |  |  | (b) (c) |  |  | (d) (e) |  |  | (e) |  |  | (f) (g) |
Net sales |  | $ | 120,823 |  |  | $ | 133,103 |  |  | $ | 135,935 |  |  | $ | 122,159 |  |  | $ | 512,020 |
Gross margin |  |  | 30,594 |  |  |  | 36,486 |  |  |  | 38,240 |  |  |  | 30,893 |  |  |  | 136,214 |
Net income (loss) |  |  | 13,584 |  |  |  | (15,033 | ) |  |  | 12,622 |  |  |  | 9,035 |  |  |  | 20,208 |
Net income (loss) attributable to Photronics, Inc. |  |  | 12,111 |  |  |  | (16,438 | ) |  |  | 11,265 |  |  |  | 9,291 |  |  |  | 16,229 |
Earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.23 |  |  | $ | (0.30 | ) |  | $ | 0.19 |  |  | $ | 0.16 |  |  | $ | 0.28 |
Diluted |  | $ | 0.20 |  |  | $ | (0.30 | ) |  | $ | 0.16 |  |  | $ | 0.14 |  |  | $ | 0.28 |
Fiscal 2010: |  | (h) (i) |  |  | (j) (k) (l) |  |  | (m) |  |  | (n) (o) |  |  | (l) (p) (q) |
Net sales |  | $ | 98,197 |  |  | $ | 105,070 |  |  | $ | 112,251 |  |  | $ | 110,036 |  |  | $ | 425,554 |
Gross margin |  |  | 18,177 |  |  |  | 22,090 |  |  |  | 26,272 |  |  |  | 25,276 |  |  |  | 91,815 |
Net income |  |  | 408 |  |  |  | 8,605 |  |  |  | 7,607 |  |  |  | 8,462 |  |  |  | 25,082 |
Net income attributable to Photronics, Inc. |  |  | 213 |  |  |  | 7,873 |  |  |  | 7,691 |  |  |  | 8,145 |  |  |  | 23,922 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.00 |  |  | $ | 0.15 |  |  | $ | 0.14 |  |  | $ | 0.15 |  |  | $ | 0.45 |
Diluted |  | $ | 0.00 |  |  | $ | 0.14 |  |  | $ | 0.13 |  |  | $ | 0.14 |  |  | $ | 0.43 |
(a) | Includes non-cash mark-to-market loss of $0.1 million, net of tax, in connection with warrants issued to purchase the Company's stock.
(b) | Includes debt extinguishment loss of $30.3 million, net of tax, in connection with the acquisition of $30.4 million principal amount of the Company's 5.5% convertible senior notes, with original maturity date of October 2014.
(c) | Includes non-cash mark-to-market loss of $0.7 million, net of tax, in connection with warrants used to purchase the Company's stock.
(d) | Includes debt extinguishment loss of $5.0 million, net of tax, in connection with the acquisition of $5.0 million principal amount of the Company's 5.5% convertible senior notes, with original maturity date of October 2014.
(e) | Includes non-cash mark-to-market gain of $0.2 million, net of tax, in connection with warrants used to purchase the Company's stock.
(f) | Includes debt extinguishment loss of $35.3 million, net of tax, in connection with the acquisition of $35.4 million principal amount of the Company's 5.5% convertible senior notes, with original maturity date of October 2014
(g) | Includes non-cash mark-to-market loss of $0.4 million, net of tax, in connection with warrants used to purchase the Company's stock.
(h) | Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the closure of the Company's Shanghai, China, manufacturing facility.
(i) | Includes non-cash mark-to-market gain of $0.1 million, net of tax, in connection with warrants issued to purchase the Company's stock.
(j) | Includes consolidation and restructuring credits of $5.0 million, net of tax, that primarily resulted from the sale of the Company's Shanghai, China, manufacturing facility, which was sold in connection with its closure.
(k) | Includes non-cash mark-to-market charge of $0.9 million, net of tax, in connection with warrants issued to purchase the Company's stock.
(l) | Includes $1.0 million charge, net of tax, for the write-off of deferred financing fees that resulted from an amendment to the Company's revolving credit facility.
(m) | Includes non-cash mark-to-market gain of $0.4 million, net of tax, in connection with warrants issued to purchase the Company's stock.
(n) | Includes consolidation and restructuring credits of $0.2 million, net of tax, that primarily resulted from the sale of the Company's Shanghai, China, manufacturing facility, which was sold in connection with its closure.
(o) | Includes non-cash mark-to-market charge of $0.5 million, net of tax, in connection with warrants issued to purchase the Company's stock.
(p) | Includes consolidation and restructuring charges of 5.0 million, net of tax, in connection with the closure of the Company's Shanghai, China, manufacturing facility.
(q) | Includes non-cash mark-to-market charge of $0.9 million, net of tax, in connection with warrants issued to purchase the Company's stock.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
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