XML 34 R46.htm IDEA: XBRL DOCUMENT
v2.4.1.9

EARNINGS PER SHARE (Tables) | 12 Months Ended
--- | ---
Nov. 02, 2014
EARNINGS PER SHARE [Abstract] |
Calculation of basic and diluted earnings per share | The calculation of basic and diluted earnings per share is presented as follows:
|  | Year Ended |
|  | November 2, 2014 |  |  | November 3, 2013 |  |  | October 28, 2012 |
Net income attributable to Photronics, Inc. shareholders |  | $ | 25,996 |  |  | $ | 17,966 |  |  | $ | 27,868 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense on convertible notes, net of related tax effects |  |  | 1,426 |  |  |  | - |  |  |  | 6,168 |
Gain related to common stock warrants fair value adjustment |  |  | - |  |  |  | - |  |  |  | (94 | )
Earnings for diluted earnings per share |  | $ | 27,422 |  |  | $ | 17,966 |  |  | $ | 33,942 |
Weighted-average common shares computations: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares used for basic earnings per share |  |  | 61,779 |  |  |  | 60,644 |  |  |  | 60,055 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Convertible notes |  |  | 3,945 |  |  |  | - |  |  |  | 15,423 |
Share-based payment awards |  |  | 955 |  |  |  | 813 |  |  |  | 767 |
Common stock warrants |  |  | - |  |  |  | 142 |  |  |  | 219 |
Dilutive potential common shares |  |  | 4,900 |  |  |  | 955 |  |  |  | 16,409 |
Weighted-average common shares used for diluted earnings per share |  |  | 66,679 |  |  |  | 61,599 |  |  |  | 76,464 |
Basic earnings per share |  | $ | 0.42 |  |  | $ | 0.30 |  |  | $ | 0.46 |
Diluted earnings per share |  | $ | 0.41 |  |  | $ | 0.29 |  |  | $ | 0.44 |
Outstanding securities excluded from the calculation of diluted earnings per share | 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 antidilutive. The table also shows convertible notes that, if converted, would have been antidilutive.
|  | Year Ended |
|  | November 2, 2014 |  |  | November 3, 2013 |  |  | October 28, 2012 |
Convertible notes |  |  | 11,085 |  |  |  | 6,168 |  |  |  | - |
Share based payment awards |  |  | 1,911 |  |  |  | 2,880 |  |  |  | 2,587 |
Total potentially dilutive shares excluded |  |  | 12,996 |  |  |  | 9,048 |  |  |  | 2,587 |

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration