EARNINGS PER SHARE (Tables)

9 Months Ended

Jul. 31, 2022

EARNINGS PER SHARE [Abstract]

Calculation of Basic and Diluted Earnings Per Share

The calculations of basic and diluted earnings per share are presented below.

	Three Months Ended				Nine Months Ended
	July 31, 2022		August 1, 2021		July 31, 2022		August 1, 2021
Net income attributable to Photronics, Inc. shareholders	$	31,230	$	17,076	$	81,726	$	35,638
Effect of dilutive securities		-		-		-		-
Earnings used for diluted earnings per share	$	31,230	$	17,076	$	81,726	$	35,638
Weighted-average common shares computations:
Weighted-average common shares used for basic earnings per share		60,701		60,884		60,488		61,804
Effect of dilutive securities:
Share-based payment awards		598		631		639		558
Potentially dilutive common shares		598		631		639		558
Weighted-average common shares used for diluted earnings per share		61,299		61,515		61,127		62,362
Basic earnings per share	$	0.51	$	0.28	$	1.35	$	0.58
Diluted earnings per share	$	0.51	$	0.28	$	1.34	$	0.57

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 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				Nine Months Ended
	July 31, 2022		August 1, 2021		July 31, 2022		August 1, 2021
Share-based payment awards		1		206		418		442
Total potentially dilutive shares excluded		1		206		418		442