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EARNINGS PER SHARE | 6 Months Ended
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May 04, 2025
EARNINGS PER SHARE [Abstract] |
EARNINGS PER SHARE | NOTE 11 - EARNINGS PER SHARE The following sets forth the computation of basic and diluted earnings per share:
|  | Three Months Ended |  |  | Six Months Ended |
|  | May 4, 2025 |  |  | April 28, 2024 |  |  | May 4, 2025 |  |  | April 28, 2024 |
Net income attributable to Photronics, Inc. shareholders |  | $ | 8,861 |  |  | $ | 36,251 |  |  | $ | 51,712 |  |  | $ | 62,431 |
Weighted-average common shares outstanding (in thousands): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 60,793 |  |  |  | 61,771 |  |  |  | 61,443 |  |  |  | 61,613 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-based awards |  |  | 181 |  |  |  | 638 |  |  |  | 374 |  |  |  | 733 |
Dilutive common shares |  |  | 181 |  |  |  | 638 |  |  |  | 374 |  |  |  | 733 |
Weighted-average common shares - Diluted |  |  | 60,974 |  |  |  | 62,409 |  |  |  | 61,817 |  |  |  | 62,346 |
Earnings per share attributable to Photronics, Inc. shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.15 |  |  | $ | 0.59 |  |  | $ | 0.84 |  |  | $ | 1.01 |
Diluted |  | $ | 0.15 |  |  | $ | 0.58 |  |  | $ | 0.84 |  |  | $ | 1.00 |
The table below illustrates the outstanding weighted-average share-based 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 4, 2025 |  |  | April 28, 2024 |  |  | May 4, 2025 |  |  | April 28, 2024 |
Share-based payment awards in shares |  |  | 1,099 |  |  |  | - |  |  |  | 793 |  |  |  | 121 |
Total potentially dilutive shares excluded |  |  | 1,099 |  |  |  | - |  |  |  | 793 |  |  |  | 121 |

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