EARNINGS PER SHARE (Tables)

3 Months Ended

Feb. 01, 2015

Calculation of basic and diluted earnings per share

The calculation of basic and diluted earnings per share is presented below.

	Three Months Ended
	February 1, 2015		February 2, 2014

Net income attributable to Photronics, Inc. shareholders	$	3,837	$	1,993

Effect of dilutive securities		-		-

Earnings for diluted earnings per share	$	3,837	$	1,993

Weighted-average common shares computations:
Weighted-average common shares used for basic earnings per share		66,066		61,200
Effect of dilutive securities:
Share-based payment awards		954		936

Potentially dilutive common shares		954		936

Weighted-average common shares used for diluted earnings per share		67,020		62,136


Basic earnings per share	$	0.06	$	0.03
Diluted earnings per share	$	0.06	$	0.03

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 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
	February 1, 2015		February 2, 2014

Convertible notes		11,085		15,423
Share-based payment awards		1,587		2,158

Total potentially dilutive shares excluded		12,672		17,581