v3.26.1
COMMITMENTS AND CONTINGENCIES
9 Months Ended
Aug. 02, 2026
COMMITMENTS AND CONTINGENCIES [Abstract]  
COMMITMENTS AND CONTINGENCIES
NOTE 12 - COMMITMENTS AND CONTINGENCIES
 
On July 6, 2026, a purported shareholder filed a class action complaint in the United States District Court for the District of Connecticut (Cooper v. Photronics, Inc., et al.: Case No. 3:26-cv-01069) against the Company and certain of its directors and officers alleging violations of Sections 10(b) and 20(a) of the Exchange Act and Rule 10b-5 promulgated under Section 10(b). Plaintiff alleges that defendants made materially false and misleading statements related to the Company’s business to deceive the market in violation of the Exchange Act. Plaintiff seeks unspecified damages, interest, attorneys’ fees, expert fees and other costs. The Company disputes these allegations and intends to vigorously defend the action. There are no accrued contingent liabilities recognized based on our belief that any liabilities, while reasonably possible, are not probable, and any possible loss or range of losses in these matters cannot be reasonably estimated at this time given the early stage of the matter.
 
 The Company is subject to various other claims that arise in the ordinary course of business. The Company believes that the potential liability under such other claims, individually and in the aggregate, will not have a material effect on the Company’s condensed consolidated financial statements.