SUBSIDIARY SHARE REPURCHASE

3 Months Ended

Feb. 01, 2015

SUBSIDIARY SHARE REPURCHASE [Abstract]

NOTE 12 - SUBSIDIARY SHARE REPURCHASE

In January 2014 the Company increased its ownership percentage in PSMC (in 2014 PSMC’s name was changed to PDMC, see Note 2) from 98.63% to 100% at a cost of $1.7 million for the then remaining 3.0 million shares that were not owned by the Company.

The table below presents the effect of the change in the Company's ownership interest in PDMC on the Company's equity for the three month period ended February 2, 2014.

	Three Months Ended
	February 2, 2014

Net income attributable to Photronics, Inc. shareholders	$	1,993

Increase in Photronics, Inc.'s additional paid-in capital		36

Decrease in Photronics, Inc. shareholders’ accumulated other comprehensive income		(11	)

Change from net income attributable to Photronics, Inc. shareholders and transfer from noncontrolling interest	$	2,018

- 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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