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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Apr. 28, 2024
EARNINGS PER SHARE [Abstract] |
Calculation of Basic and Diluted Earnings Per Share | The calculations of basic and diluted earnings per share are presented below.
|  | Three Months Ended |  |  | Six Months Ended |
|  | April 28, 2024 |  |  | April 30, 2023 |  |  | April 28, 2024 |  |  | April 30, 2023 |
Net income attributable to Photronics, Inc. shareholders |  | $ | 36,251 |  |  | $ | 39,929 |  |  | $ | 62,431 |  |  | $ | 53,915 |
Effect of dilutive securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Earnings used for diluted earnings per share |  | $ | 36,251 |  |  | $ | 39,929 |  |  | $ | 62,431 |  |  | $ | 53,915 |
Weighted-average common shares computations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares used for basic earnings per share |  |  | 61,771 |  |  |  | 61,138 |  |  |  | 61,613 |  |  |  | 61,016 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-based payment awards |  |  | 638 |  |  |  | 369 |  |  |  | 733 |  |  |  | 473 |
Potentially dilutive common shares |  |  | 638 |  |  |  | 369 |  |  |  | 733 |  |  |  | 473 |
Weighted-average common shares used for diluted earnings per share |  |  | 62,409 |  |  |  | 61,507 |  |  |  | 62,346 |  |  |  | 61,489 |
Basic earnings per share |  | $ | 0.59 |  |  | $ | 0.65 |  |  | $ | 1.01 |  |  | $ | 0.88 |
Diluted earnings per share |  | $ | 0.58 |  |  | $ | 0.65 |  |  | $ | 1.00 |  |  | $ | 0.88 |
Outstanding Securities Excluded from Calculation of Diluted Earnings or Loss Per Share | 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 |
|  | April 28, 2024 |  |  | April 30, 2023 |  |  | April 28, 2024 |  |  | April 30, 2023 |
Share-based payment awards |  |  | - |  |  |  | 267 |  |  |  | 121 |  |  |  | 535 |
Total potentially dilutive shares excluded |  |  | - |  |  |  | 267 |  |  |  | 121 |  |  |  | 535 |

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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 -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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