QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)

12 Months Ended

Oct. 30, 2016

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) [Abstract]

Quarterly financial data

The following table sets forth certain unaudited quarterly financial data:

	First		Second		Third		Fourth		Year
Fiscal 2016:
	(a)		(b)				(c)		(a)(d)
Net sales	$	129,956	$	122,923	$	123,209	$	107,368	$	483,456
Gross profit		35,436		31,287		31,450		20,533		118,706
Net income		23,501		14,153		11,453		6,569		55,676
Net income attributable to Photronics, Inc. shareholders		21,002		11,854		8,088		5,256		46,200
Earnings per share:
Basic	$	0.31	$	0.18	$	0.12	$	0.08	$	0.68
Diluted	$	0.28	$	0.16	$	0.12	$	0.08	$	0.64
Fiscal 2015:
	(e)								(e)
Net sales	$	123,505	$	127,309	$	131,699	$	141,693	$	524,206
Gross profit		28,184		33,095		37,243		44,614		143,136
Net income		7,142		12,156		15,410		22,151		56,859
Net income attributable to Photronics, Inc. shareholders		3,837		10,060		12,106		18,622		44,625
Earnings per share:
Basic	$	0.06	$	0.15	$	0.18	$	0.28	$	0.67
Diluted	$	0.06	$	0.14	$	0.17	$	0.25	$	0.63

(a) Includes $8.8 million gain on sale of investment in a foreign entity.

(b) Includes a tax benefit in Taiwan of $1.8 million related to prior years.

(c) Includes a tax benefit in Taiwan of $3.0 million related to the recognition of prior period tax benefits and other tax positions no longer deemed necessary.

(d) Includes tax benefits in Taiwan of $4.8 million primarily related to the recognition of prior period tax benefits and other tax positions no longer deemed necessary.

(e) Includes expenses of $0.9 million of financing expenses related to the exchange of $57.5 million 3.25% convertible senior notes.