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NOTE 10 - EARNINGS PER SHARE
The calculation of basic and diluted earnings per share is presented below.
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Three Months Ended
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January 30,
2022
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January 31,
2021
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Net income attributable to Photronics, Inc. shareholders
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$
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23,064
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$
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8,036
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Effect of
dilutive securities
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-
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-
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Earnings used for diluted earnings per share
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$
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23,064
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$
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8,036
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Weighted-average common shares computations:
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Weighted-average common shares used for basic earnings per share
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60,158
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62,475
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Effect of dilutive securities:
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Share-based payment awards
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778
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530
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Potentially dilutive common shares
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778
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530
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Weighted-average common shares used for diluted earnings per share
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60,936
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63,005
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Basic earnings per share
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$
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0.38
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$
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0.13
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Diluted earnings per share
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$
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0.38
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$
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0.13
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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.
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Three Months Ended
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January 30,
2022
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January 31,
2021
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Share-based payment awards
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165
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826
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Total potentially dilutive shares excluded
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165
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826
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