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EARNINGS PER SHARE
 3 Months Ended
Feb. 02, 2014
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
 
 
 
 
 
 
February 2,
2014
  
January 27,
2013
 
 
 
  
 
Net income attributable to Photronics, Inc. shareholders
 
$
1,993
  
$
2,323
 
 
        
Effect of dilutive securities
  
-
   
-
 
 
        
Earnings for diluted earnings per share
 
$
1,993
  
$
2,323
 
 
        
Weighted-average common shares computations:
        
Weighted-average common shares used for basic earnings per share
  
61,200
   
60,277
 
Effect of dilutive securities:
        
Share-based payment awards
  
936
   
685
 
Common stock warrants
  
-
   
133
 
 
        
Potentially dilutive common shares
  
936
   
818
 
 
        
Weighted-average common shares used for diluted earnings per share
  
62,136
   
61,095
 
 
        
 
        
Basic earnings per share
 
$
0.03
  
$
0.04
 
Diluted earnings per share
 
$
0.03
  
$
0.04
 

The table below shows the outstanding weighted-average share-based payment awards 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
 
 
 
 
 
 
February 2,
2014
  
January 27,
2013
 
 
 
  
 
 
 
  
 
Convertible notes
  
15,423
   
15,423
 
Share-based payment awards
  
2,158
   
2,943
 
 
        
Total potentially dilutive shares excluded
  
17,581
   
18,366