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EARNINGS PER SHARE (Tables)
 9 Months Ended
Jul. 29, 2012
EARNINGS PER SHARE [Abstract]  
Calculation of basic and diluted earnings (loss) per share
     The calculation of basic and diluted earnings per share is presented below.
 
 
Three Months Ended
 
 
Nine Months Ended
 
 
July 29,
2012
 
 
July 31,
2011
 
 
July 29,
2012
 
 
July 31,
2011
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to Photronics, Inc.
 
$
10,950
 
 
$
11,265
 
 
$
24,035
 
 
$
6,938
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense on convertible notes, net of related tax effects
 
 
 1,542
 
 
 
 1,595
 
 
 
 4,626
 
 
 
 -
 
 Gains related to common stock warrants fair value adjustment
 
 
 -
 
 
 
(221
)
 
 
(94
)
 
 
 -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings for diluted earnings per share
 
$
12,492
 
 
$
12,639
 
 
$
28,567
 
 
$
6,938
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares computations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Weighted-average common shares used for basic earnings per share
 
 
 60,121
 
 
 
 58,987
 
 
 
 60,008
 
 
 
 56,163
 
     Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
       Convertible notes
 
 
15,423
 
 
 
15,909
 
 
 
15,423
 
 
 
-
 
       Share-based payment awards
 
 
707
 
 
 
1,314
 
 
 
789
 
 
 
1,252
 
       Common stock warrants
 
 
185
 
 
 
534
 
 
 
240
 
 
 
309
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Potentially dilutive common shares
 
 
16,315
 
 
 
17,757
 
 
 
16,452
 
 
 
1,561
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares used for diluted earnings per share
 
 
 76,436
 
 
 
 76,744
 
 
 
 76,460
 
 
 
 57,724
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share
 
$
0.18
 
 
$
0.19
 
 
$
0.40
 
 
$
0.12
 
Diluted earnings per share
 
$
0.16
 
 
$
0.16
 
 
$
0.37
 
 
$
0.12
 
Outstanding securities excluded from the calculation of diluted earnings or loss per share
   The table below shows the outstanding weighted-average share-based payment awards and common stock warrants 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 anti-dilutive. The table also shows convertible notes that, if converted, would have been anti-dilutive.
 
 
Three Months Ended
 
 
Nine Months Ended
 
 
July 29,
2012
 
 
July 31,
2011
 
 
July 29,
2012
 
 
July 31,
2011
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Share-based payment awards
 
 
2,616
 
 
 
2,206
 
 
 
2,546
 
 
 
2,412
 
Convertible notes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
13,519
 
Common stock warrants
 
 
-
 
 
 
-
 
 
 
-
 
 
 
225
 
Total potentially dilutive shares excluded
 
 
2,616
 
 
 
2,206
 
 
 
2,546
 
 
 
16,156