SUBSIDIARY SHARE REPURCHASE

6 Months Ended

May 03, 2015

SUBSIDIARY SHARE REPURCHASE [Abstract]

NOTE 12 - SUBSIDIARY SHARE REPURCHASE

In January 2014 the Company increased its ownership percentage in PSMC, a subsidiary of the Company based in Taiwan, to 100% at a cost of $1.7 million for the then remaining 3.0 million shares that were not owned by the Company. In April 2014 DPTT merged into PSMC to form PDMC. See Note 2 for further discussion relating to this transaction.

The table below presents the effect of the change in the Company’s ownership interest in PDMC on the Company's equity for the three and six month periods ended May 4, 2014, (3.0 million shares of common stock acquired and 112.9 million shares of common stock issued, respectively).

	Three Months Ended			Six Months Ended
	May 4, 2014			May 4, 2014

Net income attributable to Photronics, Inc. shareholders	$	15,540		$	17,533

Increase in Photronics, Inc.'s additional paid-in capital		(6,218	)		(6,182	)

Decrease in Photronics, Inc. shareholders’ accumulated other comprehensive income		411			399

Change from net income attributable to Photronics, Inc. shareholders and transfer from noncontrolling interest	$	9,733		$	11,750

- 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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