EARNINGS PER SHARE (Tables)

3 Months Ended

Feb. 02, 2020

EARNINGS PER SHARE [Abstract]

Calculation of Basic and Diluted Earnings Per Share

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

	Three Months Ended
	February 2, 2020		January 27, 2019
Net income attributable to Photronics, Inc. shareholders	$	10,300	$	5,267
Earnings used for diluted earnings per share	$	10,300	$	5,267
Weighted-average common shares computations:
Weighted-average common shares used for basic earnings per share		65,554		66,583
Effect of dilutive securities:
Share-based payment awards		895		464
Potentially dilutive common shares		895		464
Weighted-average common shares used for diluted earnings per share		66,449		67,047
Basic earnings per share	$	0.16	$	0.08
Diluted earnings per share	$	0.16	$	0.08

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 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 antidilutive. The table also shows convertible notes that, if converted, would have been antidilutive.

	Three Months Ended
	February 2, 2020		January 27, 2019
Share-based payment awards		173		1,063
Convertible notes		-		5,542
Total potentially dilutive shares excluded		173		6,605