XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 28, 2019
Apr. 29, 2018
Apr. 28, 2019
Apr. 29, 2018
Condensed Consolidated Statements of Income (unaudited) [Abstract]        
Revenue $ 131,580 $ 130,779 $ 256,291 $ 254,225
Cost of goods sold 105,570 97,960 204,179 193,744
Gross profit 26,010 32,819 52,112 60,481
Operating expenses:        
Selling, general and administrative 13,269 13,637 27,061 25,387
Research and development 3,542 3,817 7,805 7,921
Total operating expenses 16,811 17,454 34,866 33,308
Operating income 9,199 15,365 17,246 27,173
Other income (expense):        
Interest income and other income (expense), net 4,286 3,883 5,925 351
Interest expense 355 551 886 1,125
Income before income taxes 13,130 18,697 22,285 26,399
Income tax provision 3,278 3,508 4,665 1,729
Net income 9,852 15,189 17,620 24,670
Net income attributable to noncontrolling interests 1,373 4,524 3,874 8,107
Net income attributable to Photronics, Inc. shareholders $ 8,479 $ 10,665 $ 13,746 $ 16,563
Earnings per share:        
Basic (in dollars per share) $ 0.13 $ 0.15 $ 0.21 $ 0.24
Diluted (in dollars per share) $ 0.13 $ 0.15 $ 0.20 $ 0.23
Weighted-average number of common shares outstanding:        
Basic (in shares) 66,261 69,293 66,422 69,024
Diluted (in shares) 70,597 75,190 71,593 75,052