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EARNINGS PER SHARE

6 Months Ended

May 01, 2022

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE 10 - EARNINGS PER SHARE

The calculations of basic and diluted earnings per share are presented below.

		Three Months Ended								Six Months Ended
		May 1, 2022				May 2, 2021				May 1, 2022				May 2, 2021
Net income attributable to Photronics, Inc. shareholders		$	27,432			$	10,526			$	50,496			$	18,562
Effect of dilutive securities			-				-				-				-
Earnings used for diluted earnings per share		$	27,432			$	10,526			$	50,496			$	18,562
Weighted-average common shares computations:
Weighted-average common shares used for basic earnings per share			60,606				62,054				60,382				62,265
Effect of dilutive securities:
Share-based payment awards			539				514				659				521
Potentially dilutive common shares			539				514				659				521
Weighted-average common shares used for diluted earnings per share			61,145				62,568				61,041				62,786
Basic earnings per share		$	0.45			$	0.17			$	0.84			$	0.30
Diluted earnings per share		$	0.45			$	0.17			$	0.83			$	0.30

The table below illustrates 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.

		Three Months Ended								Six Months Ended
		May 1, 2022				May 2, 2021				May 1, 2022				May 2, 2021
Share-based payment awards			427				293				626				559
Total potentially dilutive shares excluded			427				293				626				559

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-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

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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