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

	November 1,		November 2,
	2015		2014
Assets
Current assets:
Cash and cash equivalents	$	205,867	$	192,929
Accounts receivable		110,056		94,515
Inventories		24,157		22,478
Other current assets		24,034		26,570
Total current assets		364,114		336,492
Property, plant and equipment, net		547,284		550,069
Investment in joint venture		93,021		93,122
Intangible assets, net		24,616		30,294
Other assets		16,520		19,206
	$	1,045,555	$	1,029,183
Liabilities and Equity
Current liabilities:
Current portion of long-term borrowings	$	65,495	$	10,381
Accounts payable and accrued liabilities		127,197		128,736
Total current liabilities		192,692		139,117
Long-term borrowings		67,120		131,805
Other liabilities		23,677		18,767
Photronics, Inc. shareholders' equity		646,555		628,050
Noncontrolling interests		115,511		111,444
Total equity		762,066		739,494
	$	1,045,555	$	1,029,183