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REVENUE (Tables)
 12 Months Ended
Oct. 31, 2019
REVENUE [Abstract]  
Impacts of Adoption of Condensed Consolidated Balance Sheet, Condensed Consolidated Statements of Income and Cash Flows The following tables present the impacts of our adoption of Topic 606 on our consolidated balance sheet, and consolidated statements of income and cash flows for the year ended October 31, 2019.




Consolidated Balance Sheet
October 31, 2019
  
   
As Reported
    
Adjustments
    
Balance without
Adoption of Topic 606
  
Assets
                  
Accounts receivable
  
$
134,454
    
$
(1,559
)
  
$
132,895
  
Inventory
    
48,155
      
6,093
      
54,248
  
Other current assets
    
38,388
      
(7,595
)
    
30,793
  
Deferred income taxes
    
20,779
      
90
      
20,869
  
                         
Liabilities
                        
Accrued liabilities
  
$
49,702
    
$
(110
)
    
49,592
  
                         
Equity
                        
Photronics, Inc. shareholders’ equity
  
$
769,892
    
$
(1,976
)
  
$
767,916
  
Noncontrolling interests
    
141,200
      
(885
)
    
140,315
  


Consolidated Statement of Income
Year Ended October 31, 2019
  
   
   
As Reported
    
Adjustments
    
Balance without
Adoption of Topic 606
  
                   
Revenue
  
$
550,660
    
$
(4,365
)
  
$
546,295
  
Cost of goods sold
    
429,819
      
(2,256
)
    
427,563
  
Gross profit
    
120,841
      
(2,109
)
    
118,732
  
Provision for taxes
    
10,210
      
(379
)
    
9,831
  
Net income
    
40,491
      
(1,730
)
    
38,761
  
Noncontrolling interests
    
10,698
      
(749
)
    
9,949
  
Income attributable to Photronics, Inc. shareholders
  
$
29,793
    
$
(981
)
  
$
28,812
  


Consolidated Statement of Cash Flows
Year Ended October 31, 2019
  
   
As Reported
    
Adjustments
    
Balance without
Adoption of Topic 606
  
                   
Net Income
  
$
40,491
    
$
(1,730
)
  
$
38,761
  
Changes in operating accounts:
                        
Accounts receivable
  
$
(12,321
)
  
$
993
    
$
(11,328
)
Inventories
    
(23,088
)
    
(2,503
)
    
(25,591
)
Other current assets
    
(8,631
)
    
3,166
      
(5,465
)
Accounts payable, accrued liabilities, and other
    
(11,962
)
    
74
      
(11,888
)
Disaggregation of Revenue The following tables present our revenue for the year ended October 31, 2019, disaggregated by product type, geographic origin, and timing of recognition.



 
Year Ended
  
Revenue by Product Type
  
October 31, 2019
  
IC
      
High-end
  
$
156,418
  
Mainstream
    
249,773
  
Total IC
  
$
406,191
  
         
FPD
        
High-end
  
$
98,832
  
Mainstream
    
45,637
  
Total FPD
  
$
144,469
  
   
$
550,660
  


Revenue by Geographic Origin
  
Taiwan
  
$
244,377
  
Korea
    
147,734
  
United States
    
105,045
  
Europe
    
32,585
  
China
    
19,010
  
All other Asia
    
1,909
  
   
$
550,660
  


Revenue by Timing of Recognition
  
Over time
  
$
497,942
  
At a point in time
    
52,718
  
   
$
550,660