|
|
Three Months Ended |
|
|
January
29, |
|
January
30, |
|
|
2012 |
|
2011 |
Net sales |
|
$
|
112,154 |
|
|
$ |
120,823 |
|
|
|
|
|
|
|
|
|
|
Costs and
expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
sales |
|
|
(86,696 |
) |
|
|
(90,229 |
) |
|
|
|
|
|
|
|
|
|
Selling, general and
administrative |
|
|
(11,325 |
) |
|
|
(10,713 |
) |
|
|
|
|
|
|
|
|
|
Research and
development |
|
|
(4,444 |
) |
|
|
(3,771 |
) |
|
|
|
|
|
|
|
|
|
Consolidation,
restructuring and related charges |
|
|
(1,118 |
) |
|
|
- |
|
|
|
|
|
|
|
|
|
|
Operating income |
|
|
8,571 |
|
|
|
16,110 |
|
|
|
|
|
|
|
|
|
|
Other income (expense),
net |
|
|
(409 |
) |
|
|
957 |
|
|
|
|
|
|
|
|
|
|
Income before income taxes |
|
|
8,162 |
|
|
|
17,067 |
|
|
|
|
|
|
|
|
|
|
Income tax
provision |
|
|
(3,321 |
) |
|
|
(3,483 |
) |
|
|
|
|
|
|
|
|
|
Net income |
|
|
4,841 |
|
|
|
13,584 |
|
|
|
|
|
|
|
|
|
|
Net income attributable to
noncontrolling interests |
|
|
(573 |
) |
|
|
(1,473 |
) |
|
|
|
|
|
|
|
|
|
Net income attributable to
Photronics, Inc. |
|
$ |
4,268 |
|
|
$ |
12,111 |
|
|
Earnings per
share: |
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.07 |
|
|
$ |
0.23 |
|
|
|
|
|
|
|
|
|
|
Diluted |
|
$ |
0.07 |
|
|
$ |
0.20 |
|
|
|
|
|
|
|
|
|
|
Weighted-average number of
common shares |
|
|
|
|
|
|
|
|
outstanding: |
|
|
|
|
|
|
|
|
Basic |
|
|
59,817 |
|
|
|
53,817 |
|
|
|
|
|
|
|
|
|
|
Diluted |
|
|
60,930 |
|
|
|
66,411 |
|