Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
Jan. 30, 2022 |
Jan. 31, 2021 |
| Condensed Consolidated Statements of Income [Abstract] |
|
|
|
| Revenue |
[1] |
$ 189,827
|
$ 152,067
|
| Cost of goods sold |
|
129,964
|
121,538
|
| Gross profit |
|
59,863
|
30,529
|
| Operating expenses: |
|
|
|
| Selling, general and administrative |
|
15,727
|
14,053
|
| Research and development |
|
5,939
|
4,710
|
| Total operating expenses |
|
21,666
|
18,763
|
| Operating income |
|
38,197
|
11,766
|
| Other income (expense): |
|
|
|
| Foreign currency transactions impact, net |
|
5,268
|
1,382
|
| Interest income and other income, net |
|
334
|
121
|
| Interest expense |
|
(895)
|
(823)
|
| Income before income tax provision |
|
42,904
|
12,446
|
| Income tax provision |
|
11,178
|
2,937
|
| Net income |
|
31,726
|
9,509
|
| Net income attributable to noncontrolling interests |
|
8,662
|
1,473
|
| Net income attributable to Photronics, Inc. shareholders |
|
$ 23,064
|
$ 8,036
|
| Earnings per share: |
|
|
|
| Basic (in dollars per share) |
|
$ 0.38
|
$ 0.13
|
| Diluted (in dollars per share) |
|
$ 0.38
|
$ 0.13
|
| Weighted-average number of common shares outstanding: |
|
|
|
| Basic (in shares) |
|
60,158
|
62,475
|
| Diluted (in shares) |
|
60,936
|
63,005
|
|
|