EARNINGS PER SHARE (Tables)

6 Months Ended

May 02, 2021

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				Six Months Ended
	May 2, 2021		May 3, 2020		May 2, 2021		May 3, 2020
Net income attributable to Photronics, Inc. shareholders	$	10,526	$	6,284	$	18,562	$	16,584
Effect of dilutive securities		-		-		-		-
Earnings used for diluted earnings per share	$	10,526	$	6,284	$	18,562	$	16,584
Weighted-average common shares computations:
Weighted-average common shares used for basic earnings per share		62,054		64,937		62,265		65,246
Effect of dilutive securities:
Share-based payment awards		514		480		521		687
Potentially dilutive common shares		514		480		521		687
Weighted-average common shares used for diluted earnings per share		62,568		65,417		62,786		65,933
Basic earnings per share	$	0.17	$	0.10	$	0.30	$	0.25
Diluted earnings per share	$	0.17	$	0.10	$	0.30	$	0.25

Outstanding Securities Excluded from Calculation of Diluted Earnings or Loss Per Share

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 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 antidilutive.

	Three Months Ended				Six Months Ended
	May 2, 2021		May 3, 2020		May 2, 2021		May 3, 2020
Share-based payment awards		293		1,009		559		591
Total potentially dilutive shares excluded		293		1,009		559		591