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EARNINGS PER SHARE
12 Months Ended
Oct. 31, 2023
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
NOTE 14 - EARNINGS PER SHARE


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

 
Year Ended
 
   
October 31,
2023
   
October 31,
2022
   
October 31,
2021
 
Net income attributable to Photronics, Inc. shareholders
 
$
125,485
   
$
118,786
   
$
55,449
 
Effect of dilutive securities
    -       -       -  
                         
Earnings used for diluted earnings per share
 
$
125,485
   
$
118,786
   
$
55,449
 
                         
Weighted-average common shares computations:
                       
Weighted-average common shares used for basic earnings per share
   
61,139
     
60,559
     
61,407
 
Effect of dilutive securities:
                       
Share-based payment awards
   
616
     
630
     
592
 
Potentially dilutive common shares
   
616
     
630
     
592
 
                         
Weighted-average common shares used for diluted earnings per share
   
61,755
     
61,189
     
61,999
 
                         
Basic earnings per share
 
$
2.05
   
$
1.96
   
$
0.90
 
Diluted earnings per share
 
$
2.03
   
$
1.94
   
$
0.89
 


The table below sets forth 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.

 
Year Ended
 
   
October 31,
2023
   
October 31,
2022
   
October 31,
2021
 
Share based payment awards
   
136
     
314
     
331
 
Total potentially dilutive shares excluded
   
136
     
314
     
331