EARNINGS PER SHARE (Tables)

12 Months Ended

Oct. 31, 2023

Calculation of Basic and Diluted 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

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

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