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SUBSIDIARY SHARE REPURCHASE | 9 Months Ended
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Jul. 29, 2012
SUBSIDIARY SHARE REPURCHASE [Abstract] |
SUBSIDIARY SHARE REPURCHASE | NOTE 13 - SUBSIDIARY SHARE REPURCHASE Since the second quarter of fiscal 2011, the board of directors of Photronics Semiconductor Mask Corporation (PSMC), a subsidiary of the Company based in Taiwan, authorized several share repurchase programs for PSMC to purchase for retirement shares of its outstanding common stock. During the three and nine month periods ended July 29, 2012, PSMC purchased 9.1 million and 27.1 million shares, respectively, at a cost of $4.1 million and $11.7 million, respectively and, during the nine month period ended July 31, 2011, PSMC purchased 7.7 million shares at a cost of $3.3 million. These repurchase programs increased the Company's ownership in PSMC to 59.14% at July 31, 2011, to 62.25% at October 30, 2011, and to 69.40% at July 29, 2012. The table below presents the effect of the change in the Company's ownership interest in PSMC on the Company's equity for the three and nine month periods ended July 29, 2012 (9.1 million and 27.1 million shares of common stock of PSMC repurchased, respectively) and July 31, 2011 (7.7 million shares of PSMC stock repurchased).
|  | Three Months Ended |  |  | Nine Months Ended |
|  | July 29, 2012 |  |  | July 31, 2011 |  |  | July 29, 2012 |  |  | July 31, 2011 |
Net income attributable to Photronics, Inc. |  | $ | 10,950 |  |  | $ | 11,265 |  |  | $ | 24,035 |  |  | $ | 6,938 |
Increase (decrease) in Photronics, Inc.'s additional paid-in capital |  |  | 485 |  |  |  | - |  |  |  | 1,502 |  |  |  | (328 | )
Decrease in accumulated other comprehensive income |  |  | (19 | ) |  |  | - |  |  |  | (55 | ) |  |  | - |
Change from net income attributable to Photronics, Inc. and transfer from noncontrolling interest |  | $ | 11,416 |  |  | $ | 11,265 |  |  | $ | 25,482 |  |  | $ | 6,610 |
Subsequent to the quarter ended July 29, 2012, PSMC completed its most recent share repurchase program in August 2012 with the repurchase of an additional 6.2 million shares for $2.7 million, which increased the Company's ownership in PSMC to 71.28%.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -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. + Details
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