PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)

	February 1,		November 2,
	2015		2014
Assets
Current assets:
Cash and cash equivalents	$	168,610	$	192,929
Accounts receivable		99,183		94,515
Inventories		23,786		22,478
Other current assets		28,924		26,570
Total current assets		320,503		336,492
Property, plant and equipment, net		593,020		550,069
Investment in joint venture		93,078		93,122
Intangible assets, net		29,203		30,294
Other assets		17,073		19,206
	$	1,052,877	$	1,029,183
Liabilities and Equity
Current liabilities:
Current portion of long-term borrowings	$	10,457	$	10,381
Accounts payable and accrued liabilities		166,493		128,736
Total current liabilities		176,950		139,117
Long-term borrowings		129,362		131,805
Other liabilities		18,520		18,767
Photronics, Inc. shareholders' equity		617,109		628,050
Noncontrolling interests		110,936		111,444
Total equity		728,045		739,494
	$	1,052,877	$	1,029,183