v3.25.1
EARNINGS PER SHARE (Tables)
6 Months Ended
May 04, 2025
EARNINGS PER SHARE [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following sets forth the computation of basic and diluted earnings per share:

 
Three Months Ended
   
Six Months Ended
 
   
May 4,
2025
   
April 28,
2024
   
May 4,
2025
   
April 28,
2024
 
Net income attributable to Photronics, Inc. shareholders
 
$
8,861
   
$
36,251
   
$
51,712
   
$
62,431
 
                                 
Weighted-average common shares outstanding
(in thousands):
                               
Basic
   
60,793
     
61,771
     
61,443
     
61,613
 
Effect of dilutive securities:
                               
Share-based awards
   
181
     
638
     
374
     
733
 
Dilutive common shares
   
181
     
638
     
374
     
733
 
                                 
Weighted-average common shares - Diluted
   
60,974
     
62,409
     
61,817
     
62,346
 
                                 
Earnings per share attributable to Photronics, Inc.
shareholders:
                               
Basic
 
$
0.15
   
$
0.59
   
$
0.84
   
$
1.01
 
Diluted
 
$
0.15
   
$
0.58
   
$
0.84
   
$
1.00
 
Outstanding Securities Excluded from Calculation of Diluted Earnings or Loss Per Share

The table below illustrates the outstanding weighted-average share-based 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
   
Six Months Ended
 
   
May 4,
2025
   
April 28,
2024
   
May 4,
2025
   
April 28,
2024
 
Share-based payment awards in shares
   
1,099
     
-
     
793
     
121
 
Total potentially dilutive shares excluded
   
1,099
     
-
     
793
     
121