QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

12 Months Ended

Nov. 01, 2015

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) [Abstract]

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

NOTE 20 - QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following table sets forth certain unaudited quarterly financial data:

	First		Second		Third		Fourth		Year
Fiscal 2015:
	(a)								(a)
Net sales	$	123,505	$	127,309	$	131,699	$	141,693	$	524,206
Gross margin		28,184		33,095		37,243		44,614		143,136
Net income		7,142		12,156		15,410		22,151		56,859
Net income attributable to Photronics, Inc. shareholders		3,837		10,060		12,106		18,622		44,625
Earnings per share:
Basic	$	0.06	$	0.15	$	0.18	$	0.28	$	0.67
Diluted	$	0.06	$	0.14	$	0.17	$	0.25	$	0.63
Fiscal 2014:
	(b)		(c)(d)						(c)(e)
Net sales	$	101,542	$	104,882	$	124,852	$	124,251	$	455,527
Gross margin		22,882		22,190		28,650		26,624		100,346
Net income		2,041		15,950		7,344		6,700		32,035
Net income attributable to Photronics, Inc. shareholders		1,993		15,540		4,186		4,277		25,996
Earnings per share:
Basic	$	0.03	$	0.25	$	0.07	$	0.07	$	0.42
Diluted	$	0.03	$	0.22	$	0.07	$	0.07	$	0.41

(a) Includes expenses of $0.9 million of financing expenses related to the exchange of $57.5 million 3.25% convertible senior notes.

(b) Includes expenses of $0.5 million, net of tax, related to the acquisition of DPTT.

(c) Includes non-cash gain of $16.4 million, net of tax, related to the acquisition of DPTT.

(d) Includes expenses of $2.0 million, net of tax, related to the acquisition of DPTT.

(e) Includes expenses of $2.5 million, net of tax, related to the acquisition of DPTT.