XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Aug. 02, 2020
Jul. 28, 2019
Aug. 02, 2020
Jul. 28, 2019
Condensed Consolidated Statements of Income (unaudited) [Abstract]        
Revenue $ 157,895 $ 138,112 $ 460,405 $ 394,404
Cost of goods sold 120,161 107,542 357,636 311,721
Gross profit 37,734 30,570 102,769 82,683
Operating expenses:        
Selling, general and administrative 13,306 13,124 40,792 40,186
Research and development 4,492 4,046 13,034 11,852
Total operating expenses 17,798 17,170 53,826 52,038
Operating income 19,936 13,400 48,943 30,645
Other income (expense):        
Foreign currency transaction (losses) gains, net (1,565) (76) 1,739 4,976
Interest expense, net (586) (377) (1,609) (1,263)
Interest income and other income (expense), net 16 105 480 979
Income before income taxes 17,801 13,052 49,553 35,337
Income tax provision 4,937 3,218 17,789 7,883
Net income 12,864 9,834 31,764 27,454
Net income attributable to noncontrolling interests 2,088 3,487 4,404 7,361
Net income attributable to Photronics, Inc. shareholders $ 10,776 $ 6,347 $ 27,360 $ 20,093
Earnings per share:        
Basic (in dollars per share) $ 0.17 $ 0.10 $ 0.42 $ 0.30
Diluted (in dollars per share) $ 0.17 $ 0.10 $ 0.42 $ 0.30
Weighted-average number of common shares outstanding:        
Basic (in shares) 64,780 66,313 65,090 66,386
Diluted (in shares) 65,247 66,570 65,704 69,919