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EARNINGS PER SHARE
 3 Months Ended
Jan. 31, 2021
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
NOTE 11 - EARNINGS PER SHARE


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

  
Three Months Ended
  
   
January 31,
2021
    
February 2,
2020
  
Net income attributable to Photronics, Inc. shareholders
  
$
8,036
    
$
10,300
  
 Effect of dilutive securities
    
-
      
-
  
                 
Earnings used for diluted earnings per share
  
$
8,036
    
$
10,300
  
                 
Weighted-average common shares computations:
                
Weighted-average common shares used for basic earnings per share
    
62,475
      
65,554
  
Effect of dilutive securities:
                
Share-based payment awards
    
530
      
895
  
                 
Potentially dilutive common shares
    
530
      
895
  
                 
Weighted-average common shares used for diluted earnings per share
    
63,005
      
66,449
  
                 
Basic earnings per share
  
$
0.13
    
$
0.16
  
Diluted earnings per share
  
$
0.13
    
$
0.16
  


The table below illustrates 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
  
   
January 31,
2021
    
February 2,
2020
  
Share-based payment awards
    
826
      
173
  
                 
Total potentially dilutive shares excluded
    
826
      
173