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EARNINGS PER SHARE
 6 Months Ended
May 03, 2020
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
NOTE 10 - EARNINGS PER SHARE


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

  
Three Months Ended
    
Six Months Ended
  
   
May 3,
2020
    
April 28,
2019
    
May 3,
2020
    
April 28
2019
  
                         
Net income attributable to Photronics, Inc. shareholders
  
$
6,284
    
$
8,479
    
$
16,584
    
$
13,746
  
                                 
Effect of dilutive securities:
                                
Interest expense on convertible notes, net of tax
    
-
      
349
      
-
      
845
  
                                 
Earnings used for diluted earnings per share
  
$
6,284
    
$
8,828
    
$
16,584
    
$
14,591
  
                                 
Weighted-average common shares computations:
                                
Weighted-average common shares used for basic earnings per share
    
64,937
      
66,261
      
65,246
      
66,422
  
Effect of dilutive securities:
                                
Share-based payment awards
    
480
      
438
      
687
      
451
  
Convertible notes
    
-
      
3,898
      
-
      
4,720
  
                                 
Potentially dilutive common shares
    
480
      
4,336
      
687
      
5,171
  
                                 
Weighted-average common shares used for diluted earnings per share
    
65,417
      
70,597
      
65,933
      
71,593
  
                                 
                                 
Basic earnings per share
  
$
0.10
    
$
0.13
    
$
0.25
    
$
0.21
  
Diluted earnings per share
  
$
0.10
    
$
0.13
    
$
0.25
    
$
0.20
  


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.

  
Three Months Ended
    
Six Months Ended
  
   
May 3,
2020
    
April 28,
2019
    
May 3,
2020
    
April 28,
2019
  
                         
Share-based payment awards
    
1,009
      
1,204
      
591
      
1,134
  
                                 
Total potentially dilutive shares excluded
    
1,009
      
1,204
      
591
      
1,134