SUBSIDIARY SHARE REPURCHASE

9 Months Ended

Aug. 02, 2015

SUBSIDIARY SHARE REPURCHASE [Abstract]

NOTE 12 - SUBSIDIARY SHARE REPURCHASE

In June 2015 the Company increased its ownership interest in PKL, a subsidiary of the Company based in Korea, to 99.77% from 99.75%, by purchasing 15,000 shares of its common stock from noncontrolling interests at a cost of $0.1 million.

In January 2014 the Company increased its ownership percentage in PSMC, a subsidiary of the Company based in Taiwan, to 100% at a cost of $1.7 million for the then remaining 3.0 million shares that were not owned by the Company. In April 2014 DPTT merged into PSMC to form PDMC. See Note 2 for further discussion relating to this transaction.

The table below presents the effect of the change in the Company’s ownership interest in its subsidiaries on the Company's equity for the three and nine month periods ended August 2, 2015 (15 thousand shares of common stock acquired), and the nine month period ended August 3, 2014, (3.0 million shares of common stock acquired and 112.9 million shares of common stock issued). The Company’s ownership interest in its subsidiaries did not change during the three month period ended August 3, 2014.

	Three Months Ended				Nine Months Ended
	August 2, 2015		August 3, 2014		August 2, 2015		August 3, 2014

Net income attributable to Photronics, Inc. shareholders	$	12,106	$	4,186	$	26,003	$	21,719

Increase (decrease) in Photronics, Inc.'s additional paid-in capital		27		-		27		(6,182	)

Increase in Photronics, Inc. shareholders’ accumulated other comprehensive income		-		-		-		399

Change from net income attributable to Photronics, Inc. shareholders and transfer from noncontrolling interest	$	12,133	$	4,186	$	26,030	$	15,936