PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)

	Three Months Ended
	February 2,			January 27,
	2014			2013
Net sales	$	101,542		$	99,839
Costs and expenses:
Cost of sales		(78,660	)		(78,741	)
Selling, general and administrative		(12,278	)		(11,067	)
Research and development		(4,974	)		(4,839	)
Operating income		5,630			5,192
Other expense, net		(873	)		(591	)
Income before income taxes		4,757			4,601
Income tax provision		(2,716	)		(1,742	)
Net income		2,041			2,859
Net income attributable to noncontrolling interests		(48	)		(536	)
Net income attributable to Photronics, Inc. shareholders	$	1,993		$	2,323
Earnings per share:
Basic	$	0.03		$	0.04
Diluted	$	0.03		$	0.04
Weighted-average number of common shares outstanding:
Basic		61,200			60,277
Diluted		62,136			61,095