XML 28 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
EARNINGS PER SHARE
 3 Months Ended
Jan. 29, 2017
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
NOTE 9 - EARNINGS PER SHARE

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

  
Three Months Ended
 
  
January 29,
2017
  
January 31,
2016
 
       
       
Net income attributable to Photronics, Inc. shareholders
 
$
1,946
  
$
21,002
 
         
Effect of dilutive securities:
        
Interest expense on convertible notes, net of tax
  
-
   
1,071
 
         
Earnings for diluted earnings per share
 
$
1,946
  
$
22,073
 
         
Weighted-average common shares computations:
        
Weighted-average common shares used for basic earnings per share
  
68,176
   
66,807
 
Effect of dilutive securities:
        
Share-based payment awards
  
993
   
1,245
 
Convertible notes
  
-
   
11,084
 
         
Potentially dilutive common shares
  
993
   
12,329
 
         
Weighted-average common shares used for diluted earnings per share
  
69,169
   
79,136
 
         
Basic earnings per share
 
$
0.03
  
$
0.31
 
Diluted earnings per share
 
$
0.03
  
$
0.28
 
 
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.

  
Three Months Ended
 
  
January 29,
2017
  
January 31,
2016
 
       
Share-based payment awards
  
993
   
668
 
         
Total potentially dilutive shares excluded
  
993
   
668