XML 51 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
May 04, 2014
Apr. 28, 2013
May 04, 2014
Apr. 28, 2013
Condensed Consolidated Statements of Income (unaudited) [Abstract]        
Net sales $ 104,882 $ 106,680 $ 206,424 $ 206,519
Cost and expenses:        
Cost of sales (82,692) (81,891) (161,352) (160,632)
Selling, general and administrative (13,419) (12,151) (25,697) (23,218)
Research and development (5,939) (4,556) (10,913) (9,395)
Operating income 2,832 8,082 8,462 13,274
Other income (expense):        
Gain on acquisition 16,372 0 16,372 0
Interest expense (1,816) (1,909) (3,800) (3,796)
Interest and other income (expense), net 594 993 1,705 2,289
Income before income tax provision 17,982 7,166 22,739 11,767
Income tax provision (2,032) (1,724) (4,747) (3,466)
Net income 15,950 5,442 17,992 8,301
Net income attributable to noncontrolling interests (410) (579) (459) (1,114)
Net income attributable to Photronics, Inc. shareholders $ 15,540 $ 4,863 $ 17,533 $ 7,187
Earnings per share:        
Basic (in dollars per share) $ 0.25 $ 0.08 $ 0.29 $ 0.12
Diluted (in dollars per share) $ 0.22 $ 0.08 $ 0.27 $ 0.12
Weighted-average number of common shares outstanding:        
Basic (in shares) 61,372 60,493 61,286 60,385
Diluted (in shares) 77,705 61,501 77,632 61,298