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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables) | 12 Months Ended
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Oct. 28, 2012
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) [Abstract] |
Quarterly financial data | 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 Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + 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 + Details
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