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EARNINGS PER SHARE | 3 Months Ended
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Jan. 27, 2013
EARNINGS PER SHARE [Abstract] |
EARNINGS PER SHARE | NOTE 9 - EARNINGS PER SHARE The calculation of basic and diluted earnings per share is presented below.
|  | Three Months Ended |
|  | January 27, 2013 |  |  | January 29, 2012 |
Net income attributable to Photronics, Inc. shareholders |  | $ | 2,323 |  |  | $ | 4,268 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Gains related to common stock warrants fair value adjustment |  |  | - |  |  |  | (94 | )
Earnings for diluted earnings per share |  | $ | 2,323 |  |  | $ | 4,174 |
Weighted-average common shares computations: |  |  |  |  |  |  |  |
Weighted-average common shares used for basic earnings per share |  |  | 60,277 |  |  |  | 59,817 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Share-based payment awards |  |  | 685 |  |  |  | 831 |
Common stock warrants |  |  | 133 |  |  |  | 282 |
Potentially dilutive common shares |  |  | 818 |  |  |  | 1,113 |
Weighted-average common shares used for diluted earnings per share |  |  | 61,095 |  |  |  | 60,930 |
Basic earnings per share |  | $ | 0.04 |  |  | $ | 0.07 |
Diluted earnings per share |  | $ | 0.04 |  |  | $ | 0.07 |
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 anti-dilutive. The table also shows convertible notes that, if converted, would have been anti-dilutive.
|  | Three Months Ended |
|  | January 27, 2013 |  |  | January 29, 2012 |
Convertible notes |  |  | 15,423 |  |  |  | 15,423 |
Share-based payment awards |  |  | 2,943 |  |  |  | 2,550 |
Total potentially dilutive shares excluded |  |  | 18,366 |  |  |  | 17,973 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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