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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) | 12 Months Ended
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Oct. 30, 2016
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) [Abstract] |
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) | NOTE 22 - QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The following table sets forth certain unaudited quarterly financial data:
|  | First |  |  | Second |  |  | Third |  |  | Fourth |  |  | Year |
Fiscal 2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | (a) |  |  | (b) |  |  |  |  |  | (c) |  |  | (a)(d) |
Net sales |  | $ | 129,956 |  |  | $ | 122,923 |  |  | $ | 123,209 |  |  | $ | 107,368 |  |  | $ | 483,456 |
Gross profit |  |  | 35,436 |  |  |  | 31,287 |  |  |  | 31,450 |  |  |  | 20,533 |  |  |  | 118,706 |
Net income |  |  | 23,501 |  |  |  | 14,153 |  |  |  | 11,453 |  |  |  | 6,569 |  |  |  | 55,676 |
Net income attributable to Photronics, Inc. shareholders |  |  | 21,002 |  |  |  | 11,854 |  |  |  | 8,088 |  |  |  | 5,256 |  |  |  | 46,200 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.31 |  |  | $ | 0.18 |  |  | $ | 0.12 |  |  | $ | 0.08 |  |  | $ | 0.68 |
Diluted |  | $ | 0.28 |  |  | $ | 0.16 |  |  | $ | 0.12 |  |  | $ | 0.08 |  |  | $ | 0.64 |
Fiscal 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | (e) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (e) |
Net sales |  | $ | 123,505 |  |  | $ | 127,309 |  |  | $ | 131,699 |  |  | $ | 141,693 |  |  | $ | 524,206 |
Gross profit |  |  | 28,184 |  |  |  | 33,095 |  |  |  | 37,243 |  |  |  | 44,614 |  |  |  | 143,136 |
Net income |  |  | 7,142 |  |  |  | 12,156 |  |  |  | 15,410 |  |  |  | 22,151 |  |  |  | 56,859 |
Net income attributable to Photronics, Inc. shareholders |  |  | 3,837 |  |  |  | 10,060 |  |  |  | 12,106 |  |  |  | 18,622 |  |  |  | 44,625 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.06 |  |  | $ | 0.15 |  |  | $ | 0.18 |  |  | $ | 0.28 |  |  | $ | 0.67 |
Diluted |  | $ | 0.06 |  |  | $ | 0.14 |  |  | $ | 0.17 |  |  | $ | 0.25 |  |  | $ | 0.63 |
(a) | Includes $8.8 million gain on sale of investment in a foreign entity.
(b) | Includes a tax benefit in Taiwan of $1.8 million related to prior years.
(c) | Includes a tax benefit in Taiwan of $3.0 million related to the recognition of prior period tax benefits and other tax positions no longer deemed necessary.
(d) | Includes tax benefits in Taiwan of $4.8 million primarily related to the recognition of prior period tax benefits and other tax positions no longer deemed necessary.
(e) | Includes expenses of $0.9 million of financing expenses related to the exchange of $57.5 million 3.25% convertible senior notes.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: 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=68064558&loc=d3e765-108305 Reference 3: 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=68064558&loc=d3e725-108305 + Details
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