NOTE 11 - EARNINGS PER SHARE
The calculation of basic and diluted earnings per share is presented below.
| | | | | | | | | | | | | | | | | |
| |
| Three Months Ended | |
| Nine Months Ended | |
| |
|
August 2,
2026
| |
|
August 3,
2025
| |
|
August 2,
2026
| |
|
August 3,
2025
| |
|
Net
income attributable to Photronics, Inc. shareholders
|
| $ | 28,916 | |
| $ | 22,891 | |
| $ | 103,284 | |
| $ | 74,604 | |
| |
| | | |
| | | |
| | | |
| | | |
|
Weighted-average
common shares outstanding (in thousands):
|
| | | |
| | | |
| | | |
| | | |
|
Basic
|
| | 58,181 | |
| | 57,937 | |
| | 58,033 | |
| | 60,274 | |
|
Effect
of dilutive securities:
|
| | | |
| | | |
| | | |
| | | |
|
Share-based
awards
|
| | 537 | |
| | 131 | |
| | 585 | |
| | 293 | |
|
Potentially
dilutive common shares
|
| | 537 | |
| | 131 | |
| | 585 | |
| | 293 | |
| |
| | | |
| | | |
| | | |
| | | |
|
Weighted-average
common shares - Diluted
|
| | 58,718 | |
| | 58,068 | |
| | 58,618 | |
| | 60,567 | |
| |
| | | |
| | | |
| | | |
| | | |
|
Earnings per share:
|
| | | |
| | | |
| | | |
| | | |
|
Net
Income attributable to Photronics shareholders - Basic
|
| $ | 0.50 | |
| $ | 0.40 | |
| $ | 1.78 | |
| $ | 1.24 | |
|
Net
Income attributable to Photronics shareholders - Diluted
|
| $ | 0.49 | |
| $ | 0.39 | |
| $ | 1.76 | |
| $ | 1.23 | |
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.
| | | | | | | | | | | | | | | | | |
| |
| Three Months Ended | |
| Nine Months Ended | |
| (in thousands of shares) |
|
August 2, 2026
| |
|
August 3, 2025
| |
|
August 2, 2026
|
|
August 3, 2025
| |
|
Share-based payment awards, in shares
|
| | 35 | |
| | 1,094 | |
| | 66 | |
| | 894 | |
|
Total potentially dilutive shares excluded
|
| | 35 | |
| | 1,094 | |
| | 66 | |
| | 894 | |
|