SUBSIDIARY SHARE REPURCHASE

3 Months Ended

Jan. 29, 2012

SUBSIDIARY SHARE REPURCHASE [Abstract]

NOTE 13 - SUBSIDIARY SHARE REPURCHASE

During the three month period ended January 29, 2012, the board of directors of Photronics Semiconductor Mask Corporation (PSMC), a subsidiary of the Company based in Taiwan, authorized PSMC to repurchase for retirement up to 5% of its outstanding common stock on the open market. The repurchase program, which expires in March 2012 has, through January 29, 2012, resulted in 2.3 million shares (or 0.9 % of its outstanding shares) being repurchased at a total cost of $0.9 million. PSMC's repurchase of these shares increased the Company's ownership of PSMC from 62.25% at October 30, 2011, to 62.80% at January 29, 2012. The tables below present the effect of the change in Photronics, Inc.'s ownership interest in PSMC on the Company's equity for the three month period ended January 29, 2012 and January 30, 2011.

	Three Months Ended
	January 29, 2012		January 30, 2011
Net income attributable to Photronics, Inc.	$	4,268	$	12,111

Increase in Photronics, Inc.'s additional paid-in capital for PSMC's repurchase of 2.3 million shares of its common stock		151		-
Change from net income attributable to Photronics, Inc. and transfer to noncontrolling interest	$	4,419	$	12,111

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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