EARNINGS PER SHARE (Tables)

9 Months Ended

Jul. 30, 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				Nine Months Ended
	July 30, 2023		July 31, 2022		July 30, 2023		July 31, 2022
Net income attributable to Photronics, Inc. shareholders	$	26,959	$	31,230	$	80,874	$	81,726
Effect of dilutive securities		-		-		-		-
Earnings used for diluted earnings per share	$	26,959	$	31,230	$	80,874	$	81,726
Weighted-average common shares computations:
Weighted-average common shares used for basic earnings per share		61,233		60,701		61,089		60,488
Effect of dilutive securities:
Share-based payment awards		741		598		561		639
Potentially dilutive common shares		741		598		561		639
Weighted-average common shares used for diluted earnings per share		61,974		61,299		61,650		61,127
Basic earnings per share	$	0.44	$	0.51	$	1.32	$	1.35
Diluted earnings per share	$	0.44	$	0.51	$	1.31	$	1.34

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 30, 2023		July 31, 2022		July 30, 2023		July 31, 2022
Share-based payment awards		-		1		178		418
Total potentially dilutive shares excluded		-		1		178		418