EARNINGS PER SHARE (Tables)

3 Months Ended

Jan. 29, 2023

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
	January 29, 2023		January 30, 2022
Net income attributable to Photronics, Inc. shareholders	$	13,986	$	23,064
Effect of dilutive securities		-		-
Earnings used for diluted earnings per share	$	13,986	$	23,064
Weighted-average common shares computations:
Weighted-average common shares used for basic earnings per share		60,894		60,158
Effect of dilutive securities:
Share-based payment awards		576		778
Potentially dilutive common shares		576		778
Weighted-average common shares used for diluted earnings per share		61,470		60,936
Basic earnings per share	$	0.23	$	0.38
Diluted earnings per share	$	0.23	$	0.38

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
	January 29, 2023		January 30, 2022
Share-based payment awards		268		165
Total potentially dilutive shares excluded		268		165