SUBSIDIARY SHARE REPURCHASE

12 Months Ended

Oct. 30, 2011

SUBSIDIARY SHARE REPURCHASE [Abstract]

NOTE 15 – SUBSIDIARY SHARE REPURCHASE

During fiscal year 2011, the board of directors of PSMC, a subsidiary of the Company based in Taiwan, authorized PSMC to repurchase for retirement shares of its outstanding common stock on the open market. The repurchase programs, the last of which expired in October 2011, resulted in 21.6 million shares being repurchased for $9.9 million. PSMC's repurchase of these shares increased the Company's ownership of PSMC from 57.53% at October 31, 2010, to 62.25% at October 30, 2011. The tables below present the effect of the change in Photronics, Inc.'s ownership interest in PSMC on the Company's equity for fiscal years ended October 30, 2011, October 31, 2010 and November 1, 2009.

	Year Ended
	October 30, 2011			October 31, 2010		November 1, 2009

Net income (loss) attributable to Photronics, Inc.	$	16,229		$	23,922	$	(41,910	)

Decrease in Photronics, Inc.'s additional paid-in capital for PSMC's repurchase of 21.6 million shares of its common stock		(201	)		-		-
Change from net income (loss) attributable to Photronics, Inc. and transfer to noncontrolling interest	$	16,028		$	23,922	$	(41,910	)

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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