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EARNINGS PER SHARE | 12 Months Ended
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Oct. 31, 2024
EARNINGS PER SHARE [Abstract] |
EARNINGS PER SHARE | NOTE 15 - EARNINGS PER SHARE The calculation of basic and diluted earnings per share is presented below.
|  | Year Ended |
|  | October 31, |  |  | October 31, |  |  | October 31, |
(in thousands, except for per share data) |  | 2024 |  |  | 2023 |  |  | 2022 |
Net income attributable to Photronics, Inc. shareholders |  | $ | 130,688 |  |  | $ | 125,485 |  |  | $ | 118,786 |
Effect of dilutive securities |  |  | - |  |  |  | - |  |  |  | - |
Earnings used for diluted earnings per share |  | $ | 130,688 |  |  | $ | 125,485 |  |  | $ | 118,786 |
Weighted-average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 61,726 |  |  |  | 61,139 |  |  |  | 60,559 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Share-based payment awards |  |  | 665 |  |  |  | 616 |  |  |  | 630 |
Potentially dilutive common shares |  |  | 665 |  |  |  | 616 |  |  |  | 630 |
Weighted-average common shares-Diluted |  |  | 62,391 |  |  |  | 61,755 |  |  |  | 61,189 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Net Income attributable to Photronics shareholders - Basic |  | $ | 2.12 |  |  | $ | 2.05 |  |  | $ | 1.96 |
Net Income attributable to Photronics shareholders - Diluted |  | $ | 2.09 |  |  | $ | 2.03 |  |  | $ | 1.94 |
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, 2024 |  |  | October 31, 2023 |  |  | October 31, 2022 |
Share based payment awards |  |  | 371 |  |  |  | 136 |  |  |  | 314 |
Total potentially dilutive shares excluded |  |  | 371 |  |  |  | 136 |  |  |  | 314 |

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