EARNINGS PER SHARE (Tables)

3 Months Ended

Jan. 28, 2024

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 28, 2024		January 29, 2023
Net income attributable to Photronics, Inc. shareholders	$	26,180	$	13,986
Effect of dilutive securities		-		-
Earnings used for diluted earnings per share	$	26,180	$	13,986
Weighted-average common shares computations:
Weighted-average common shares used for basic earnings per share		61,455		60,894
Effect of dilutive securities:
Share-based payment awards		828		576
Potentially dilutive common shares		828		576
Weighted-average common shares used for diluted earnings per share		62,283		61,470
Basic earnings per share	$	0.43	$	0.23
Diluted earnings per share	$	0.42	$	0.23

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 28, 2024		January 29, 2023
Share-based payment awards		241		268
Total potentially dilutive shares excluded		241		268