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EARNINGS PER SHARE (Tables)

12 Months Ended

Oct. 31, 2021

EARNINGS PER SHARE [Abstract]

Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted earnings per share is presented below.

		Year Ended
		October 31, 2021				October 31, 2020				October 31, 2019
Net income attributable to Photronics, Inc. shareholders		$	55,449			$	33,820			$	29,793
Effect of dilutive securities:
Interest expense on convertible notes, net of tax			-				-				845
Earnings used for diluted earnings per share		$	55,449			$	33,820			$	30,638
Weighted-average common shares computations:
Weighted-average common shares used for basic earnings per share			61,407				64,866				66,347
Effect of dilutive securities:
Share-based payment awards			592				604				448
Convertible notes			-				-				2,360
Potentially dilutive common shares			592				604				2,808
Weighted-average common shares used for diluted earnings per share			61,999				65,470				69,155
Basic earnings per share		$	0.90			$	0.52			$	0.45
Diluted earnings per share		$	0.89			$	0.52			$	0.44

Outstanding Securities Excluded from Calculation of Diluted Earnings or Loss Per Share

The table below sets forth 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.

		Year Ended
		October 31, 2021				October 31, 2020				October 31, 2019
Share based payment awards			331				795				1,250
Total potentially dilutive shares excluded			331				795				1,250

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- References

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- 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/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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