|
Three Months Ended
|
Year Ended
|
|||||||||||||||||||
|
October 31,
2019
|
July 28,
2019
|
October 31,
2018
|
October 31,
2019
|
October 31,
2018
|
||||||||||||||||
|
Revenue
|
$
|
156,257
|
$
|
138,112
|
$
|
144,660
|
$
|
550,660
|
$
|
535,276
|
||||||||||
|
Cost of goods sold
|
118,098
|
107,542
|
109,236
|
429,819
|
403,773
|
|||||||||||||||
|
Gross profit
|
38,159
|
30,570
|
35,424
|
120,841
|
131,503
|
|||||||||||||||
|
Operating Expenses:
|
||||||||||||||||||||
|
Selling, general and administrative
|
12,140
|
13,124
|
13,504
|
52,326
|
51,395
|
|||||||||||||||
|
Research and development
|
4,543
|
4,046
|
3,906
|
16,394
|
14,481
|
|||||||||||||||
|
Total Operating Expenses
|
16,683
|
17,170
|
17,410
|
68,720
|
65,876
|
|||||||||||||||
|
Operating income
|
21,476
|
13,400
|
18,014
|
52,121
|
65,627
|
|||||||||||||||
|
Other (expense) income, net
|
(6,111
|
)
|
(348
|
)
|
2,307
|
(1,420
|
)
|
2,944
|
||||||||||||
|
Income before income taxes
|
15,365
|
13,052
|
20,321
|
50,701
|
68,571
|
|||||||||||||||
|
Income tax provision
|
2,327
|
3,218
|
3,552
|
10,210
|
7,335
|
|||||||||||||||
|
Net income
|
13,038
|
9,834
|
16,769
|
40,491
|
61,236
|
|||||||||||||||
|
Net income attributable to noncontrolling interests
|
3,338
|
3,487
|
4,282
|
10,698
|
19,181
|
|||||||||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
9,700
|
$
|
6,347
|
$
|
12,487
|
$
|
29,793
|
$
|
42,055
|
||||||||||
|
Earnings per share:
|
||||||||||||||||||||
|
Basic
|
$
|
0.15
|
$
|
0.10
|
$
|
0.18
|
$
|
0.45
|
$
|
0.61
|
||||||||||
|
Diluted
|
$
|
0.15
|
$
|
0.10
|
$
|
0.18
|
$
|
0.44
|
$
|
0.59
|
||||||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||||||||||
|
Basic
|
66,230
|
66,313
|
67,894
|
66,347
|
68,829
|
|||||||||||||||
|
Diluted
|
66,862
|
66,570
|
73,921
|
69,155
|
74,821
|
|||||||||||||||