EARNINGS PER SHARE (Tables)

9 Months Ended

Jul. 28, 2024

Computation of Basic and Diluted Earnings Per Share

The following sets forth the computation of basic and diluted earnings per share:

	Three Months Ended				Nine Months Ended
	July 28, 2024		July 30, 2023		July 28, 2024		July 30, 2023
Net income attributable to Photronics, Inc. shareholders	$	34,388	$	26,959	$	96,819	$	80,874
Effect of dilutive securities		-		-		-		-
Earnings used for diluted earnings per share	$	34,388	$	26,959	$	96,819	$	80,874

Weighted-average common shares computations:
Weighted-average common shares used for basic earnings per share		61,815		61,233		61,681		61,089
Effect of dilutive securities:
Share-based payment awards		599		741		688		561
Potentially dilutive common shares		599		741		688		561

Weighted-average common shares used for diluted earnings per share		62,414		61,974		62,369		61,650

Basic earnings per share	$	0.56	$	0.44	$	1.57	$	1.32
Diluted earnings per share	$	0.55	$	0.44	$	1.55	$	1.31

Outstanding Securities Excluded from Calculation of Diluted Earnings or Loss Per Share

The table below illustrates the outstanding weighted-average share-based payment awards that were excluded from the calculation of diluted earnings per share because their exercise price exceeded the average market value of the common shares for the period or, under application of the treasury stock method, they were otherwise determined to be antidilutive.

	Three Months Ended				Nine Months Ended
	July 28, 2024		July 30, 2023		July 28, 2024		July 30, 2023
Share-based payment awards		551		-		264		178
Total potentially dilutive shares excluded		551		-		264		178