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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) | 12 Months Ended
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Nov. 03, 2013
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) [Abstract] |
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) | NOTE 23 - QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The following table sets forth certain unaudited quarterly financial data:
|  | First |  |  | Second |  |  | Third |  |  | Fourth |  |  | Year |
Fiscal 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | (a) |  |  | (a) |
Net sales |  | $ | 99,839 |  |  | $ | 106,680 |  |  | $ | 109,652 |  |  | $ | 106,009 |  |  | $ | 422,180 |
Gross margin |  |  | 21,098 |  |  |  | 24,789 |  |  |  | 27,078 |  |  |  | 26,675 |  |  |  | 99,640 |
Net income |  |  | 2,859 |  |  |  | 5,442 |  |  |  | 6,364 |  |  |  | 4,911 |  |  |  | 19,576 |
Net income attributable to Photronics, Inc. shareholders |  |  | 2,323 |  |  |  | 4,863 |  |  |  | 5,940 |  |  |  | 4,840 |  |  |  | 17,966 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.04 |  |  | $ | 0.08 |  |  | $ | 0.10 |  |  | $ | 0.08 |  |  | $ | 0.30 |
Diluted |  | $ | 0.04 |  |  | $ | 0.08 |  |  | $ | 0.10 |  |  | $ | 0.08 |  |  | $ | 0.29 |
Fiscal 2012: |  | (b) (c) |  |  | (d) |  |  |  |  |  |  | (e) |  |  | (b) (c) (d) (e) |
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 |
(a) | Includes transaction expenses of $0.8 million, net of tax, in connection with the pending joint venture with DNP Photomask Technology Co., Ltd.
(b) | 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.
(c) | 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.
(d) | 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.
(e) | 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.

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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 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: 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 3: 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=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: 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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