EARNINGS PER SHARE (Tables)

3 Months Ended

Feb. 02, 2025

Computation of Basic and Diluted Earnings Per Share

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

	Three Months Ended
	February 2, 2025		January 28, 2024
Net income attributable to Photronics, Inc. shareholders	$	42,851	$	26,180

Weighted-average common shares outstanding (in thousands):
Basic		62,093		61,455
Effect of dilutive securities:
Share-based awards		568		828
Dilutive common shares		568		828

Weighted-average common shares - Diluted		62,661		62,283

Earnings per share attributable to Photronics, Inc. shareholders:
Basic	$	0.69	$	0.43
Diluted	$	0.68	$	0.42

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

The table below illustrates the outstanding weighted-average share-based 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
	February 2, 2025		January 28, 2024
Share-based awards		488		241
Total potentially dilutive shares excluded		488		241