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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Oct. 28, 2012
EARNINGS PER SHARE [Abstract] |
Calculation of basic and diluted earnings (loss) per share | The calculation of basic and diluted earnings per share is presented as follows:
|  | Year Ended |
|  | October 28, 2012 |  |  | October 30, 2011 |  |  | October 31, 2010 |
Net income attributable to Photronics, Inc. shareholders |  | $ | 27,868 |  |  | $ | 16,229 |  |  | $ | 23,922 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense on convertible notes, net of related tax effects |  |  | 6,168 |  |  |  | - |  |  |  | 4,085 |
Gain related to common stock warrants fair value adjustment |  |  | (94 | ) |  |  | - |  |  |  | - |
Earnings for diluted earnings per share |  | $ | 33,942 |  |  | $ | 16,229 |  |  | $ | 28,007 |
Weighted-average common shares computations: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares used for basic earnings per share |  |  | 60,055 |  |  |  | 57,030 |  |  |  | 53,433 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Share-based payment awards |  |  | 767 |  |  |  | 1,145 |  |  |  | 996 |
Common stock warrants |  |  | 219 |  |  |  | 283 |  |  |  | 63 |
Convertible notes |  |  | 15,423 |  |  |  | - |  |  |  | 11,311 |
Dilutive potential common shares |  |  | 16,409 |  |  |  | 1,428 |  |  |  | 12,370 |
Weighted-average common shares used for diluted earnings per share |  |  | 76,464 |  |  |  | 58,458 |  |  |  | 65,803 |
Basic earnings per share |  | $ | 0.46 |  |  | $ | 0.28 |  |  | $ | 0.45 |
Diluted earnings per share |  | $ | 0.44 |  |  | $ | 0.28 |  |  | $ | 0.43 |
Outstanding securities excluded from the calculation of diluted earnings or loss per share | The table below shows the outstanding weighted-average share-based payment awards and common stock warrants that were excluded from the calculation of diluted earnings per share because their exercise price exceeded the average market value of the common shares for the period or, under application of the treasury stock method, they were otherwise determined to be antidilutive. The table also shows convertible notes that, if converted, would have been antidilutive.
|  | Year Ended |
|  | October 28, 2012 |  |  | October 30, 2011 |  |  | October 31, 2010 |
Share based payment awards |  |  | 2,587 |  |  |  | 2,407 |  |  |  | 2,684 |
Convertible notes |  |  | - |  |  |  | 13,994 |  |  |  | - |
Common stock warrants |  |  | - |  |  |  | 213 |  |  |  | 745 |
Total potentially dilutive shares excluded |  |  | 2,587 |  |  |  | 16,614 |  |  |  | 3,429 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph c -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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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations. + References No definition available. + Details
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