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REVENUE (Tables)
 3 Months Ended
Jan. 27, 2019
REVENUE [Abstract]  
Impacts of Adoption of Condensed Consolidated Balance Sheet, Condensed Consolidated Statements of Income and Cash Flows
The following tables present the impacts of our adoption of Topic 606 on our January 27, 2019, condensed consolidated balance sheet and our condensed consolidated statements of income and cash flows for the three months ended January 27, 2019.

Condensed Consolidated Balance Sheet
January 27, 2019
 
  
  
As Reported
  
Adjustments
  
Balance without
Adoption of Topic 606
 
Assets
         
Accounts receivable
 
$
131,066
  
$
(319
)
 
$
130,747
 
Inventory
  
27,874
   
4,678
   
32,552
 
Other current assets
  
57,043
   
(6,846
)
  
50,197
 
Deferred income taxes
  
15,405
   
(74
)  
15,331
 
Liabilities
            
Accrued liabilities
 
$
43,005
  
$
246

 
$
43,251
 
Deferred income taxes
  908   (318
)
  590 
Equity
            
Retained earnings
 
$
236,665
  
$
(1,788
)
 
$
234,877
 
Noncontrolling interests
  
152,082
   
(553
)
  
151,529
 

Condensed Consolidated Statement of Income
Three Months Ended January 27, 2019

 
  
As Reported
  
Adjustments
  
Balance without
Adoption of Topic 606
 
          
Revenue
 
$
124,712
  
$
(2,245
)
 
$
122,467
 
Cost of goods sold
  
98,610
   
(901
)
  
97,709
 
             
Gross margin
  
26,102
   
(1,344
)
  
24,758
 
Provision for taxes
  
1,387
   
(208
)
  
1,179
 
             
Net income
  
7,768
   
(1,136
)
  
6,632
 
Noncontrolling interests
  
2,501
   
(431
)
  
2,070
 
             
Income attributable to Photronics, Inc. shareholders
 
$
5,267
  
$
(705
)
 
$
4,562
 
Condensed Consolidated Statement of Cash Flows
Three Months Ended January 27, 2019
 
  
  
As Reported
  
Adjustments
  
Balance without
Adoption of Topic 606
 
Net Income
 
$
7,768
  
$
(1,136
)
 
$
6,632
 
Changes in operating accounts:
            
Accounts receivable
 
$
(9,333
)
 
$
(287
)
 
$
(9,620
)
Inventories
  
(2,313
)
  
(933
)
  
(3,246
)
Other current assets
  
(22,082
)
  
2,223
   
(19,859
)
Accounts payable, accrued liabilities, and other
  
(12,107
)
  
133
   
(11,974
)
Disaggregation of Revenue
The following tables present our revenue for the quarter ended January 27, 2019, disaggregated by product type, geographic location, and timing of recognition.

Revenue by Product Type
 
Three Months Ended
January 27, 2019
 
IC
   
High-end
 
$
34,566
 
Mainstream
  
60,314
 
Total IC
 
$
94,880
 
     
FPD
    
High-end
 
$
21,466
 
Mainstream
  
8,366
 
Total FPD
 
$
29,832
 
  
$
124,712
 
     
Revenue by Geographic Location
 
Taiwan $
57,740 
Korea  35,237 
United States
  22,472 
Europe  8,354 
Other  909 
  $
124,712
 
     
Revenue by Timing of Recognition 
Over time $
120,845
 
At a point in time
  
3,867
 

 $
124,712