SUBSIDIARY SHARE REPURCHASE

12 Months Ended

Oct. 30, 2016

SUBSIDIARY SHARE REPURCHASE [Abstract]

NOTE 13 – 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) to 100% at a cost of $1.7 million by purchasing the remaining shares that were not owned by the Company.

The table below presents the effect of the change in the Company’s ownership interest in PSMC on the Company's equity for fiscal year 2014, in which shares of PSMC common stock were issued in connection with the DPTT Acquisition.

	Year Ended
	November 2, 2014

Net income attributable to Photronics, Inc. shareholders	$	25,996

Decrease in Photronics, Inc.'s additional paid-in capital		(6,183	)

Increase in Photronics, Inc.’s accumulated other comprehensive income		399
Change from net income attributable to Photronics, Inc. shareholders due to issuance of shares of PDMC and transfers to or from noncontrolling interests	$	20,212