XML 33 R16.htm IDEA: XBRL DOCUMENT
v3.7.0.1

EARNINGS PER SHARE | 6 Months Ended
--- | ---
Apr. 30, 2017
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 |  |  | Six Months Ended |
|  | April 30, 2017 |  |  | May 1, 2016 |  |  | April 30 2017 |  |  | May 1, 2016 |
Net income attributable to Photronics, Inc. shareholders |  | $ | 1,797 |  |  | $ | 11,854 |  |  | $ | 3,744 |  |  | $ | 32,856 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense on convertible notes, net of tax |  |  | - |  |  |  | 875 |  |  |  | - |  |  |  | 1,946 |
Earnings for diluted earnings per share |  | $ | 1,797 |  |  | $ | 12,729 |  |  | $ | 3,744 |  |  | $ | 34,802 |
Weighted-average common shares computations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares used for basic earnings per share |  |  | 68,426 |  |  |  | 67,372 |  |  |  | 68,301 |  |  |  | 67,090 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-based payment awards |  |  | 959 |  |  |  | 948 |  |  |  | 976 |  |  |  | 1,096 |
Convertible notes |  |  | - |  |  |  | 9,196 |  |  |  | - |  |  |  | 10,140 |
Potentially dilutive common shares |  |  | 959 |  |  |  | 10,144 |  |  |  | 976 |  |  |  | 11,236 |
Weighted-average common shares used for diluted earnings per share |  |  | 69,385 |  |  |  | 77,516 |  |  |  | 69,277 |  |  |  | 78,326 |
Basic earnings per share |  | $ | 0.03 |  |  | $ | 0.18 |  |  | $ | 0.05 |  |  | $ | 0.49 |
Diluted earnings per share |  | $ | 0.03 |  |  | $ | 0.16 |  |  | $ | 0.05 |  |  | $ | 0.44 |
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 |  |  | Six Months Ended |
|  | April 30, 2017 |  |  | May 1, 2016 |  |  | April 30, 2017 |  |  | May 1, 2016 |
Convertible notes |  |  | 5,542 |  |  |  | - |  |  |  | 5,542 |  |  |  | - |
Share-based payment awards |  |  | 1,082 |  |  |  | 2,160 |  |  |  | 1,038 |  |  |  | 1,414 |
Total potentially dilutive shares excluded |  |  | 6,624 |  |  |  | 2,160 |  |  |  | 6,580 |  |  |  | 1,414 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: 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 3: 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=64863997&loc=d3e1252-109256 Reference 4: 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=65016374&loc=d3e4984-109258 Reference 5: 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=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration