QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

12 Months Ended

Oct. 30, 2011

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) [Abstract]

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

NOTE 22 - QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

     The following table sets forth certain unaudited quarterly financial data:

	First		Second			Third		Fourth		Year
Fiscal 2011:	(a)		(b) (c)			(d) (e)		(e)		(f) (g)
Net sales	$	120,823	$	133,103		$	135,935	$	122,159	$	512,020
Gross margin		30,594		36,486			38,240		30,893		136,214
Net income (loss)		13,584		(15,033	)		12,622		9,035		20,208
Net income (loss) attributable to Photronics, Inc.		12,111		(16,438	)		11,265		9,291		16,229
Earnings (loss) per share:
Basic	$	0.23	$	(0.30	)	$	0.19	$	0.16	$	0.28
Diluted	$	0.20	$	(0.30	)	$	0.16	$	0.14	$	0.28
Fiscal 2010:	(h) (i)		(j) (k) (l)			(m)		(n) (o)		(l) (p) (q)
Net sales	$	98,197	$	105,070		$	112,251	$	110,036	$	425,554
Gross margin		18,177		22,090			26,272		25,276		91,815
Net income		408		8,605			7,607		8,462		25,082
Net income attributable to Photronics, Inc.		213		7,873			7,691		8,145		23,922
Earnings per share:
Basic	$	0.00	$	0.15		$	0.14	$	0.15	$	0.45
Diluted	$	0.00	$	0.14		$	0.13	$	0.14	$	0.43

(a) Includes non-cash mark-to-market loss of $0.1 million, net of tax, in connection with warrants issued to purchase the Company's stock.

(b) Includes debt extinguishment loss of $30.3 million, net of tax, in connection with the acquisition of $30.4 million principal amount of the Company's 5.5% convertible senior notes, with original maturity date of October 2014.

(c) Includes non-cash mark-to-market loss of $0.7 million, net of tax, in connection with warrants used to purchase the Company's stock.

(d) Includes debt extinguishment loss of $5.0 million, net of tax, in connection with the acquisition of $5.0 million principal amount of the Company's 5.5% convertible senior notes, with original maturity date of October 2014.

(e) Includes non-cash mark-to-market gain of $0.2 million, net of tax, in connection with warrants used to purchase the Company's stock.

(f) Includes debt extinguishment loss of $35.3 million, net of tax, in connection with the acquisition of $35.4 million principal amount of the Company's 5.5% convertible senior notes, with original maturity date of October 2014

(g) Includes non-cash mark-to-market loss of $0.4 million, net of tax, in connection with warrants used to purchase the Company's stock.

(h) Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the closure of the Company's Shanghai, China, manufacturing facility.

(i) Includes non-cash mark-to-market gain of $0.1 million, net of tax, in connection with warrants issued to purchase the Company's stock.

(j) Includes consolidation and restructuring credits of $5.0 million, net of tax, that primarily resulted from the sale of the Company's Shanghai, China, manufacturing facility, which was sold in connection with its closure.

(k) Includes non-cash mark-to-market charge of $0.9 million, net of tax, in connection with warrants issued to purchase the Company's stock.

(l) Includes $1.0 million charge, net of tax, for the write-off of deferred financing fees that resulted from an amendment to the Company's revolving credit facility.

(m) Includes non-cash mark-to-market gain of $0.4 million, net of tax, in connection with warrants issued to purchase the Company's stock.

(n) Includes consolidation and restructuring credits of $0.2 million, net of tax, that primarily resulted from the sale of the Company's Shanghai, China, manufacturing facility, which was sold in connection with its closure.

(o) Includes non-cash mark-to-market charge of $0.5 million, net of tax, in connection with warrants issued to purchase the Company's stock.

(p) Includes consolidation and restructuring charges of 5.0 million, net of tax, in connection with the closure of the Company's Shanghai, China, manufacturing facility.

(q) Includes non-cash mark-to-market charge of $0.9 million, net of tax, in connection with warrants issued to purchase the Company's stock.