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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) | 12 Months Ended
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Oct. 28, 2012
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) [Abstract] |
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) | NOTE 21 - QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The following table sets forth certain unaudited quarterly financial data:
|  | First |  |  | Second |  |  | Third |  |  | Fourth |  |  | Year |
Fiscal 2012: |  | (a) (b) |  |  | (c) |  |  |  |  |  | (d) |  |  | (a) (b) (c) (d) |
Net sales |  | $ | 112,154 |  |  | $ | 117,451 |  |  | $ | 116,616 |  |  | $ | 104,218 |  |  | $ | 450,439 |
Gross margin |  |  | 25,458 |  |  |  | 29,861 |  |  |  | 32,304 |  |  |  | 24,297 |  |  |  | 111,920 |
Net income |  |  | 4,841 |  |  |  | 9,530 |  |  |  | 11,267 |  |  |  | 4,217 |  |  |  | 29,855 |
Net income attributable to Photronics, Inc. shareholders |  |  | 4,268 |  |  |  | 8,818 |  |  |  | 10,950 |  |  |  | 3,832 |  |  |  | 27,868 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.07 |  |  | $ | 0.15 |  |  | $ | 0.18 |  |  | $ | 0.06 |  |  | $ | 0.46 |
Diluted |  | $ | 0.07 |  |  | $ | 0.14 |  |  | $ | 0.16 |  |  | $ | 0.06 |  |  | $ | 0.44 |
Fiscal 2011: |  | (e) |  |  | (f) (g) |  |  | (h) (i) |  |  | (i) |  |  | (j) (k) |
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. shareholders |  |  | 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 |
(a) | Includes consolidation and restructuring charges of $1.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company's Singapore facility.
(b) | Includes non-cash gain of $0.1 million, net of tax, in connection with subsequent measurement at fair value of warrants issued to purchase the Company's stock.
(c) | Includes consolidation and restructuring charges of $0.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company's Singapore facility.
(d) | Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company's Singapore facility.
(e) | Includes non-cash loss of $0.1 million, net of tax, in connection with subsequent measurement at fair value of warrants issued to purchase the Company's stock.
(f) | 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.
(g) | Includes non-cash loss of $0.7 million, net of tax, in connection with subsequent measurement at fair value of warrants used to purchase the Company's stock.
(h) | 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.
(i) | Includes non-cash gain of $0.2 million, net of tax, in connection with subsequent measurement at fair value of warrants used to purchase the Company's stock.
(j) | 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
(k) | Includes non-cash loss of $0.4 million, net of tax, in connection with subsequent measurement at fair value of warrants used 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 FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 3: 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 4: 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 5: 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 6: 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 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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