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CHANGES IN EQUITY | 9 Months Ended
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Jul. 29, 2018
CHANGES IN EQUITY [Abstract] |
CHANGES IN EQUITY | NOTE 2 - CHANGES IN EQUITY The following tables set forth our consolidated changes in equity for the three and nine month periods ended July 29, 2018 and July 30, 2017:
|  | Three Months Ended July 29, 2018 |
|  | Photronics, Inc. Shareholders |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |
|  | Common Stock |  |  | Additional Paid-in |  |  | Retained |  |  | Treasury |  |  | Other Comprehensive |  |  | Non- controlling |  |  | Total |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Stock |  |  | Income |  |  | Interests |  |  | Equity |
Balance at April 30, 2018 |  |  | 69,443 |  |  | $ | 694 |  |  | $ | 552,977 |  |  | $ | 205,953 |  |  | $ | - |  |  | $ | 23,756 |  |  | $ | 134,686 |  |  | $ | 918,066 |
Net income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 13,005 |  |  |  | - |  |  |  | - |  |  |  | 6,792 |  |  |  | 19,797 |
Other comprehensive loss |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (19,734 | ) |  |  | (4,773 | ) |  |  | (24,507 | )
Sale of common stock through employee stock option and purchase plans |  |  | 39 |  |  |  | 1 |  |  |  | 162 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 163 |
Restricted stock awards vesting and expense |  |  | 23 |  |  |  | - |  |  |  | 449 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 449 |
Share-based compensation expense |  |  | - |  |  |  | - |  |  |  | 334 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 334 |
Contribution from noncontrolling interest |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5,998 |  |  |  | 5,998 |
Purchase of treasury stock |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (6,787 | ) |  |  | - |  |  |  | - |  |  |  | (6,787 | )
Balance at July 29, 2018 |  |  | 69,505 |  |  | $ | 695 |  |  | $ | 553,922 |  |  | $ | 218,958 |  |  | $ | (6,787 | ) |  | $ | 4,022 |  |  | $ | 142,703 |  |  | $ | 913,513 |
|  | Three Months Ended July 30, 2017 |
|  | Photronics, Inc. Shareholders |  |
|  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |
|  | Common Stock |  |  | Additional Paid-in |  |  | Retained |  |  | Other Comprehensive |  |  | Non- controlling |  |  | Total |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Income |  |  | Interests |  |  | Equity |
Balance at May 1, 2017 |  |  | 68,496 |  |  | $ | 685 |  |  | $ | 545,019 |  |  | $ | 180,004 |  |  | $ | 4,171 |  |  | $ | 114,875 |  |  | $ | 844,754 |
Net income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,001 |  |  |  | - |  |  |  | 798 |  |  |  | 4,799 |
Other comprehensive income (loss) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,678 |  |  |  | (204 | ) |  |  | 4,474 |
Sale of common stock through employee stock option and purchase plans |  |  | 32 |  |  |  | - |  |  |  | 118 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 118 |
Restricted stock awards vesting and expense |  |  | 19 |  |  |  | - |  |  |  | 409 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 409 |
Share-based compensation expense |  |  | - |  |  |  | - |  |  |  | 574 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 574 |
Other |  |  | - |  |  |  | - |  |  |  | (377 | ) |  |  | - |  |  |  | - |  |  |  | 377 |  |  |  | - |
Balance at July 30, 2017 |  |  | 68,547 |  |  | $ | 685 |  |  | $ | 545,743 |  |  | $ | 184,005 |  |  | $ | 8,849 |  |  | $ | 115,846 |  |  | $ | 855,128 |
|  | Nine Months Ended July 29, 2018 |
|  | Photronics, Inc. Shareholders |  |
|  | Common Stock |  |  | Additional |  |  |  |  |  |  |  |  | Accumulated Other |  |  | Non- |  |  |  |
|  |  |  |  | Paid-in |  |  | Retained |  |  | Treasury |  |  | Comprehensive |  |  | controlling |  |  | Total |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Stock |  |  | Income |  |  | Interests |  |  | Equity |
Balance at October 30, 2017 |  |  | 68,666 |  |  | $ | 687 |  |  | $ | 547,596 |  |  | $ | 189,390 |  |  | $ | - |  |  | $ | 6,891 |  |  | $ | 120,731 |  |  | $ | 865,295 |
Net income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 29,568 |  |  |  | - |  |  |  | - |  |  |  | 14,899 |  |  |  | 44,467 |
Other comprehensive loss |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2,869 | ) |  |  | (2,580 | ) |  |  | (5,449 | )
Sale of common stock through employee stock option and purchase plans |  |  | 702 |  |  |  | 7 |  |  |  | 3,755 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,762 |
Restricted stock awards vesting and expense |  |  | 137 |  |  |  | 1 |  |  |  | 1,291 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,292 |
Share-based compensation expense |  |  | - |  |  |  | - |  |  |  | 1,132 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,132 |
Contribution from noncontrolling interest |  |  | - |  |  |  | - |  |  |  | 148 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 17,849 |  |  |  | 17,997 |
Subsidiary dividend |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (8,196 | ) |  |  | (8,196 | )
Purchase of treasury stock |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (6,787 | ) |  |  | - |  |  |  | - |  |  |  | (6,787 | )
Balance at July 29, 2018 |  |  | 69,505 |  |  | $ | 695 |  |  | $ | 553,922 |  |  | $ | 218,958 |  |  | $ | (6,787 | ) |  | $ | 4,022 |  |  | $ | 142,703 |  |  | $ | 913,513 |
|  | Nine Months Ended July 30, 2017 |
|  | Photronics, Inc. Shareholders |  |
|  | Common Stock |  |  | Additional |  |  |  |  |  | Accumulated Other |  |  | Non- |  |  |  |
|  |  |  |  | Paid-in |  |  | Retained |  |  | Comprehensive |  |  | controlling |  |  | Total |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Income (Loss) |  |  | Interests |  |  | Equity |
Balance at October 31, 2016 |  |  | 68,080 |  |  | $ | 681 |  |  | $ | 541,093 |  |  | $ | 176,260 |  |  | $ | (7,671 | ) |  | $ | 115,111 |  |  | $ | 825,474 |
Net income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,745 |  |  |  | - |  |  |  | 3,048 |  |  |  | 10,793 |
Other comprehensive income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 16,520 |  |  |  | 5,692 |  |  |  | 22,212 |
Sale of common stock through employee stock option and purchase plans |  |  | 355 |  |  |  | 3 |  |  |  | 2,187 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,190 |
Restricted stock awards vesting and expense |  |  | 112 |  |  |  | 1 |  |  |  | 1,137 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,138 |
Share-based compensation expense |  |  | - |  |  |  | - |  |  |  | 1,703 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,703 |
Subsidiary dividend |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (8,382 | ) |  |  | (8,382 | )
Other |  |  | - |  |  |  | - |  |  |  | (377 | ) |  |  | - |  |  |  | - |  |  |  | 377 |  |  |  | - |
Balance at July 30, 2017 |  |  | 68,547 |  |  | $ | 685 |  |  | $ | 545,743 |  |  | $ | 184,005 |  |  | $ | 8,849 |  |  | $ | 115,846 |  |  | $ | 855,128 |
Share Repurchase Program In July 2018, the Company’s Board of Directors authorized the repurchase of up to $20 million of its common stock, to be effectuated in open-market transactions or in accordance with a repurchase plan under rule 10b5-1 of the Securities Act of 1933 (as amended). The share repurchase program commenced on July 10, 2018 and, as of July 29, 2018, we had repurchased 0.8 million shares at a cost of $6.8 million (an average price of $8.72 per share), $0.9 million of which was pending settlement at that date. The number of shares we repurchase is determined by market conditions and our continual evaluation of the optimal use of cash. We record treasury stock purchases under the cost method, and would employ the average cost method (with average cost being determined separately for each share repurchase program), in the event we subsequently reissue shares.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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