NOTE 11 - EARNINGS PER SHARE
The calculation of basic and diluted earnings per share is presented below.
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Three Months Ended
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Six Months Ended
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May 3,
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May 4,
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May 3,
|
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May 4,
|
|
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|
2026
|
|
|
2025
|
|
|
2026
|
|
|
2025
|
|
|
Net income attributable to Photronics, Inc. shareholders
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$
|
31,429 |
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|
$
|
8,861 |
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$
|
74,368 |
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$
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51,712 |
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|
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|
|
|
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Weighted-average common shares outstanding (in thousands):
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|
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|
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|
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Basic
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58,123 |
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60,793 |
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57,959 |
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61,443 |
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Effect of dilutive securities:
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Share-based awards
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|
622 |
|
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|
181 |
|
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|
609 |
|
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|
374 |
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Potentially dilutive common shares
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|
622 |
|
|
|
181 |
|
|
|
609 |
|
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|
374 |
|
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|
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|
|
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|
|
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|
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|
|
|
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Weighted-average common shares - Diluted
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58,745 |
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|
60,974 |
|
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|
58,568 |
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|
61,817 |
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|
|
|
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|
|
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|
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|
|
|
|
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Earnings per share:
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|
|
|
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Net Income attributable to Photronics shareholders - Basic
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|
$
|
0.54 |
|
|
$
|
0.15 |
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$
|
1.28 |
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$
|
0.84 |
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|
Net Income attributable to Photronics shareholders - Diluted
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|
$
|
0.54 |
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|
$
|
0.15 |
|
|
$
|
1.27 |
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|
$
|
0.84 |
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The table below sets forth 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.
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Three Months Ended
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|
|
Six Months Ended
|
|
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May 3,
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May 4,
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May 3,
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May 4,
|
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(in thousands of shares)
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2026
|
|
|
2025
|
|
|
2026
|
|
|
2025
|
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Share-based payment awards, in shares
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5 |
|
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1,099 |
|
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|
81 |
|
|
|
793 |
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Total potentially dilutive shares excluded
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|
5 |
|
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1,099 |
|
|
|
81 |
|
|
|
793 |
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|