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EARNINGS PER SHARE
 12 Months Ended
Oct. 28, 2012
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
NOTE 14 - EARNINGS 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
 

     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
 

     In the first quarter of fiscal year 2013, the Company awarded approximately 0.5 million shared-based payment awards to its employees and directors.