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EARNINGS PER SHARE (Tables)
 9 Months Ended
Jul. 28, 2019
EARNINGS PER SHARE [Abstract]  
Calculation of Basic and Diluted Earnings Per Share The calculations of basic and diluted earnings per share is presented below.


 
Three Months Ended
    
Nine Months Ended
  
             
   
July 28,
2019
    
July 29,
2018
    
July 28,
2019
    
July 29
2018
  
                         
                         
Net income attributable to Photronics, Inc. shareholders
  
$
6,347
    
$
13,005
    
$
20,093
    
$
29,568
  
                                 
Effect of dilutive securities:
                                
Interest expense on convertible notes, net of tax
    
-
      
496
      
845
      
1,488
  
                                 
Earnings used for diluted earnings per share
  
$
6,347
    
$
13,501
    
$
20,938
    
$
31,056
  
                                 
Weighted-average common shares computations:
                                
Weighted-average common shares used for basic earnings per share
    
66,313
      
69,374
      
66,386
      
69,141
  
Effect of dilutive securities:
                                
Convertible notes
    
-
      
5,542
      
3,147
      
5,542
  
Share-based payment awards
    
257
      
342
      
386
      
438
  
                                 
Potentially dilutive common shares
    
257
      
5,884
      
3,533
      
5,980
  
                                 
Weighted-average common shares used for diluted earnings per share
    
66,570
      
75,258
      
69,919
      
75,121
  
                                 
                                 
Basic earnings per share
  
$
0.10
    
$
0.19
    
$
0.30
    
$
0.43
  
Diluted earnings per share
  
$
0.10
    
$
0.18
    
$
0.30
    
$
0.41
  

Outstanding Securities Excluded from Calculation of Diluted Earnings or Loss Per Share 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 prices 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
    
Nine Months Ended
  
   
July 28,
2019
    
July 29,
2018
    
July 28,
2019
    
July 29,
2018
  
                         
                         
Potentially dilutive shares excluded
    
1,979
      
1,873
      
1,415
      
1,826