Photronics, Inc
(NASDAQ:PLAB)

Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, Korea, Europe, China, and internationally. The company offers photomasks that are used in the manufacture of integrated circuits and flat panel displ...

Website: http://www.photronics.com

Founded: 1969

Full Time Employees: 1,728

Sector: Technology

Industry: Semiconductor Equipment & Materials

Semiconductors

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Quarterly

Annual

Unit: USD	2026-05-03	2026-02-01	2025-10-31	2025-08-03	2025-05-04	2025-02-02	2024-10-31	2024-07-28	2024-04-28	2024-01-28	2023-10-31	2023-07-30	2023-04-30	2023-01-29	2022-10-31	2022-07-31	2022-05-01	2022-01-30	2021-10-31	2021-08-01	2021-05-02	2021-01-31	2020-10-31	2020-08-02	2020-05-03	2020-02-02	2019-10-31	2019-07-28	2019-04-28	2019-01-27	2018-10-31	2018-07-29	2018-04-29	2018-01-28	2017-10-29	2017-07-30	2017-04-30	2017-01-29	2016-10-30	2016-07-31	2016-05-01	2016-01-31	2015-11-01	2015-08-02	2015-05-03	2015-02-01	2014-11-02	2014-08-03	2014-05-04	2014-02-02	2013-11-03	2013-07-28	2013-04-28	2013-01-27	2012-10-28	2012-07-29	2012-04-29	2012-01-29	2011-10-30	2011-07-31	2011-05-01	2011-01-30	2010-10-31	2010-08-01	2010-05-02	2010-01-31	2009-11-01	2009-08-02	2009-05-03	2009-02-01	2008-11-02	2008-07-27	2008-04-27	2008-01-27	2007-10-28	2007-07-29	2007-04-29	2007-01-28	2006-10-30	2006-10-29	2006-07-30	2006-04-30	2006-01-29	2005-10-30	2005-07-31	2005-05-01	2005-01-30	2004-10-31	2004-08-01	2004-05-02	2004-02-01	2003-11-02	2003-08-03	2003-05-04	2003-02-02	2002-11-03

revenue [1]	209,940,000
cost of goods sold	144,183,000	146,364,000	140,236,000	139,539,000	133,086,000	136,603,000	140,326,000	135,846,000	137,749,000	137,079,000	142,591,000	137,405,000	140,904,000	135,013,000	129,998,000	136,085,000	134,289,000	129,964,000	129,347,000	125,318,000	120,514,000	121,538,000	117,401,000	120,161,000	112,341,000	125,134,000	118,098,000	107,542,000	105,570,000	98,610,000	-109,235,000	-100,794,000	-97,960,000	-95,784,000
gross profit	65,757,000	78,702,000	75,534,000	70,855,000	77,906,000	75,535,000	82,302,000	75,138,000	79,251,000	79,255,000	84,882,000	86,801,000	88,402,000	76,077,000	80,268,000	83,863,000	70,220,000	59,863,000	51,941,000	45,325,000	39,249,000	30,529,000	31,885,000	37,734,000	30,433,000	34,602,000	38,158,000	30,570,000	26,010,000	26,102,000	35,425,000	35,597,000	32,819,000	27,662,000	26,443,000	21,717,000
yoy	-15.59%	4.19%	-8.22%	-5.70%	-1.70%	-4.69%	-3.04%	-13.44%	-10.35%	4.18%	5.75%	3.50%	25.89%	27.09%	54.54%	85.03%	78.91%	96.09%	62.90%	20.12%	28.97%	-11.77%	-16.44%	23.43%	17.00%	32.56%	7.71%	-14.12%	-20.75%	-5.64%	33.97%	63.91%
qoq	-16.45%	4.19%	6.60%	-9.05%	3.14%	-8.22%	9.53%	-5.19%	-0.01%	-6.63%	-2.21%	-1.81%	16.20%	-5.22%	-4.29%	19.43%	17.30%	15.25%	14.60%	15.48%	28.56%	-4.25%	-15.50%	23.99%	-12.05%	-9.32%	24.82%	17.53%	-0.35%	-26.32%	-0.48%	8.46%	18.64%	4.61%	21.76%
gross margin %	Infinity%	34.97%	35.01%	33.68%	36.92%	35.61%	36.97%	35.61%	36.52%	36.64%	37.32%	38.71%	38.55%	36.04%	38.17%	38.13%	34.34%	31.54%	28.65%	26.56%	24.57%	20.08%	21.36%	23.90%	21.32%	21.66%	24.42%	22.13%	19.77%	20.93%	24.49%	26.10%	25.10%	22.41%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%		NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
operating expenses:
selling, general, and administrative	20,756,000	21,311,000	13,906,000	18,423,000	18,099,000	19,101,000	14,188,250	19,436,000	18,996,000	18,321,000	13,182,000	18,032,000	17,878,000	16,818,000
research and development	2,822,000	2,588,000	3,186,000	4,271,000	4,090,000	4,257,000	5,285,000	3,555,000	4,292,000	3,445,000	3,367,000	3,505,000	3,479,000	3,302,000	4,044,000	4,151,000	4,206,000	5,939,000	4,100,000	5,305,000	4,375,000	4,710,000	4,110,000	4,492,000	4,462,000	4,080,000	4,542,000	4,046,000	3,542,000	4,263,000	-3,907,000	-2,653,000	-3,817,000	-4,104,000	-3,839,000	-4,812,000	-3,726,000	-3,485,000	-5,041,000	-5,466,000	-5,447,000	-5,700,000	-5,177,000	-6,253,000	-5,809,000	-4,681,000	-5,802,000	-5,199,000	-5,939,000	-4,974,000	-6,378,000	-4,985,000	-4,556,000	-4,839,000	-5,265,000	-5,221,000	-4,441,000	-4,444,000	-4,269,000	-3,527,000	-3,940,000	-3,771,000	-3,949,000	-3,427,000	-3,601,000	-3,954,000	-3,768,000	-3,854,000	-4,177,000	-3,624,000	-4,327,000	-4,298,000	-4,613,000	-4,238,000	-4,015,000	-4,241,000	-4,324,000	4,720,000		9,167,000	6,741,000	7,993,000	8,250,000	8,349,000	7,908,000	8,120,000	7,774,000	7,967,000	7,619,000	7,493,000	7,441,000	7,491,000	7,322,000	7,531,000	7,619,000
total operating expenses	23,578,000	23,899,000	23,187,000	22,694,000	22,189,000	23,358,000	26,292,000	22,991,000	23,288,000	21,766,000	20,097,000	21,537,000	21,357,000	20,120,000	19,727,000	20,111,000	20,819,000	21,666,000	18,422,000	20,388,000	18,442,000	18,763,000	16,900,000	17,798,000	17,729,000	18,299,000	16,682,000	17,170,000	16,811,000	18,055,000	-17,411,000	-15,157,000	-17,454,000	-15,854,000
other operating income		56,000					22,500	1,000	89,000							-23,000				3,525,000
operating income	42,179,000	54,859,000	52,107,000	48,161,000	55,717,000	52,177,000	55,828,000	52,148,000	56,052,000	57,489,000	64,785,000	65,264,000	67,045,000	55,957,000	60,541,000	63,729,000	49,401,000	38,197,000	33,519,000	28,462,000	20,807,000	11,766,000	14,985,000	19,936,000	12,704,000	16,303,000	21,476,000	13,400,000	9,199,000	8,047,000	18,014,000	20,440,000	15,365,000	11,808,000	12,422,000	5,266,000	5,537,000	8,643,000	5,301,000	14,821,000	14,816,000	17,538,000	27,249,000	18,560,000	14,865,000	11,559,000	9,276,000	11,057,000	2,832,000	5,630,000	7,370,000	10,025,000	8,082,000	5,192,000	7,392,000	15,292,000	13,161,000	8,571,000	15,379,000	22,880,000	21,098,000	16,110,000	11,195,000	11,751,000	12,648,000	3,881,000	4,305,000	-6,423,000	-5,231,000	-5,147,000	1,568,000	-209,563,000	2,086,000	56,000	1,357,000	3,426,000	7,427,000	10,757,000		30,419,000	8,849,000	6,663,000	12,745,000	12,491,000	17,881,000	16,795,000	11,507,000	15,288,000	16,105,000	12,244,000	7,663,000	8,364,000	7,477,000	-41,403,000	-4,357,000
yoy	-24.30%	5.14%	-6.67%	-7.65%	-0.60%	-9.24%	-13.83%	-20.10%	-16.40%	2.74%	7.01%	2.41%	35.72%	46.50%	80.62%	123.91%	137.42%	224.64%	123.68%	42.77%	63.78%	-27.83%	-30.22%	48.78%	38.10%	102.60%	19.22%	-34.44%	-40.13%	-31.85%	45.02%	288.15%	177.50%	36.62%	134.33%	-64.47%	-62.63%	-50.72%	-80.55%	-20.15%	-0.33%	51.73%	193.76%	67.86%	424.89%	105.31%	25.86%	10.29%	-64.96%	8.44%	-0.30%	-34.44%	-38.59%	-39.42%	-51.93%	-33.16%	-37.62%	-46.80%	37.37%	94.71%	66.81%	315.10%	160.05%	-282.95%	-341.79%	-175.40%	174.55%	-96.94%	-350.77%	-9291.07%	15.55%	-6216.84%	-71.91%	-99.48%		-88.74%	-16.07%	61.44%		143.53%	-50.51%	-60.33%	10.76%	-18.30%	11.03%	37.17%	50.16%	82.78%	115.39%	-129.57%	-275.88%
qoq	-23.11%	5.28%	8.19%	-13.56%	6.78%	-6.54%	7.06%	-6.96%	-2.50%	-11.26%	-0.73%	-2.66%	19.82%	-7.57%	-5.00%	29.00%	29.33%	13.96%	17.77%	36.79%	76.84%	-21.48%	-24.83%	56.93%	-22.08%	-24.09%	60.27%	45.67%	14.32%	-55.33%	-11.87%	33.03%	30.12%	-4.94%	135.89%	-4.89%	-35.94%	63.04%	-64.23%	0.03%	-15.52%	-35.64%	46.82%	24.86%	28.60%	24.61%	-16.11%	290.43%	-49.70%	-23.61%	-26.48%	24.04%	55.66%	-29.76%	-51.66%	16.19%	53.55%	-44.27%	-32.78%	8.45%	30.96%	43.90%	-4.73%	-7.09%	225.90%	-9.85%	-167.02%	22.79%	1.63%	-428.25%	-100.75%	-10146.16%	3625.00%	-95.87%	-60.39%	-53.87%	-30.96%			243.76%	32.81%	-47.72%	2.03%	-30.14%	6.47%	45.95%	-24.73%	-5.07%	31.53%	59.78%	-8.38%	11.86%	-118.06%	850.26%
operating margin %	Infinity%	24.37%	24.15%	22.89%	26.41%	24.60%	25.08%	24.72%	25.83%	26.57%	28.48%	29.11%	29.24%	26.51%	28.79%	28.97%	24.16%	20.12%	18.49%	16.68%	13.02%	7.74%	10.04%	12.63%	8.90%	10.21%	13.74%	9.70%	6.99%	6.45%	12.45%	14.99%	11.75%	9.57%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%		Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%
other income:
foreign currency transactions impact	7,869,000	12,865,000	-6,731,250	-14,258,000	-31,111,000	18,443,000	2,481,500	4,068,000	14,766,000	-8,908,000	-2,692,250	-4,543,000	10,718,000	-16,944,000	4,243,500	3,862,000	7,844,000	5,268,000	906,750	4,301,000	-2,055,000	1,382,000
interest income and other income	3,809,000	6,809,000	5,243,000	4,830,000	5,329,000	6,585,000	6,800,000	6,135,000	5,878,000	5,251,000	5,534,000	3,758,000	2,987,000	2,584,000				334,000	512,000	494,000	37,000	121,000	61,000	16,000	-293,000	5,495,000	-5,950,000	29,000	4,286,000	1,639,000	2,887,000	1,968,000	3,883,000	-3,531,000
interest expense	-1,000	-1,000	-3,000		-4,000	-47,000	-64,500	-58,000	-110,000	-90,000	-81,000	-126,000	-134,000	-65,000				-895,000	-1,048,000	-1,060,000	1,246,000	-823,000	-758,000	-586,000	775,000	-1,798,000	-162,000	-377,000	355,000	-531,000	-580,000	-557,000	-551,000	-574,000	-578,000	-549,000	-549,000	-559,000	-615,000	-612,000	-964,000	-1,174,000	-1,178,000	-1,209,000	-1,233,000	-1,370,000	-1,637,000	-1,809,000	-1,816,000	-1,984,000	-2,051,000	-1,909,000	-1,909,000	-1,887,000	-1,901,000	-2,012,000	-1,795,000	-1,781,000	-1,759,000	-1,907,000	-1,881,000	-1,711,000	-1,668,000	-1,827,000	-3,059,000	-2,921,000	-7,974,000	-5,351,000	-4,430,000	-4,646,000	-3,600,000	-3,295,000	-2,849,000	-2,134,000	-1,419,000	-1,477,000	-936,000	-2,095,000		-1,883,000	-2,989,000	-3,229,000	-2,785,000	-2,578,000	-2,820,000			-5,274,000	-2,796,000	-3,394,000
income before income tax provision	53,856,000	74,532,000	75,962,000	38,733,000	29,931,000	77,158,000	54,794,000	62,293,000	76,586,000	53,742,000	83,445,000	64,353,000	80,616,000	41,532,000	71,338,000	67,370,000	57,422,000	42,904,000	37,328,000	32,197,000	20,035,000	12,446,000													12,958,000	5,132,000		6,560,000	5,232,000	16,215,000		27,201,000	27,556,000	18,800,000	13,408,000	10,276,000	8,703,000	9,889,000	17,982,000	4,757,000	5,985,000	9,053,000	7,166,000	4,601,000
income tax provision	10,606,000	14,355,000	-2,659,000	9,594,000	5,714,000	18,901,000	14,569,000	14,124,000	20,214,000	14,660,000	20,289,000	16,098,000	21,343,000	12,582,000	16,074,000	18,146,000	14,393,000	11,178,000	8,697,000	7,842,000	3,714,000	2,937,000	3,469,000	4,937,000	3,781,000	9,072,000	2,327,000	3,218,000	3,278,000		-3,552,000	-2,054,000	-3,508,000		-2,462,000	-333,000		-2,050,000	1,338,000	-4,762,000		-3,700,000	-5,406,000	-3,390,000	-1,252,000	-3,134,000	-2,004,000	-2,545,000	-2,032,000	-2,716,000	-1,074,000	-2,689,000	-1,724,000	-1,742,000	-1,551,000	-3,258,000	-2,663,000	-3,321,000	-4,054,000	-4,895,000	-3,260,000	-3,483,000	-1,447,500	-2,910,000		-1,020,000				-1,197,000				-1,873,000				1,312,000		734,000	1,692,000	3,814,000	3,818,000	2,010,000	3,596,000	2,617,000	1,835,000	1,743,000	1,494,000			1,722,000	1,576,000	-1,874,000	-497,000
net income	43,250,000	60,177,000	78,621,000	29,139,000	24,217,000	58,257,000	40,225,000	48,169,000	56,372,000	39,082,000	63,156,000	48,255,000	59,273,000	28,950,000	55,264,000	49,224,000	43,029,000	31,726,000	28,631,000	24,355,000	16,321,000	9,509,000	8,579,000	12,864,000	7,972,000	10,928,000	13,037,000	9,834,000	9,852,000	7,768,000	16,769,000	19,797,000	15,189,000	9,481,000	10,496,000	4,799,000	1,484,000	4,510,000	6,570,000	11,453,000	14,153,000	23,501,000	22,150,000	15,410,000	12,156,000	7,142,000	6,699,000	7,344,000	15,950,000	2,041,000	4,911,000	6,364,000	5,442,000	2,859,000	4,217,000	11,267,000	9,530,000	4,841,000	9,035,000	12,622,000	-15,033,000	13,584,000	8,462,000	7,607,000	8,605,000	408,000	1,242,000	-22,847,000	-10,072,000	-10,233,000	236,000	-205,592,000	-2,069,000	-3,340,000	362,000	2,238,000	14,066,000	7,857,000		19,140,000	4,555,000	5,265,000	9,693,000	8,739,000	14,795,000	10,574,000	4,545,000	7,899,000	8,440,000	5,985,000	2,142,000	3,123,000	1,272,000	-44,070,000	-8,487,000
yoy	78.59%	3.30%	95.45%	-39.51%	-57.04%	49.06%	-36.31%	-0.18%	-4.89%	35.00%	14.28%	-1.97%	37.75%	-8.75%	93.02%	102.11%	163.64%	233.64%	233.73%	89.33%	104.73%	-12.98%	-34.19%	30.81%	-19.08%	40.68%	-22.26%	-50.33%	-35.14%	-18.07%	59.77%	312.52%	923.52%	110.22%	59.76%	-58.10%	-89.51%	-80.81%	-70.34%	-25.68%	16.43%	229.05%	230.65%	109.83%	-23.79%	249.93%	36.41%	15.40%	193.09%	-28.61%	16.46%	-43.52%	-42.90%	-40.94%	-53.33%	-10.74%	-163.39%	-64.36%	6.77%	65.93%	-274.70%	3229.41%	581.32%	-133.30%	-185.43%	-103.99%	426.27%	-88.89%	386.81%	206.38%	-34.81%	-9286.42%	-114.71%	-142.51%		-88.31%	208.80%	49.23%		119.02%	-69.21%	-50.21%	113.27%	10.63%	75.30%	76.68%	112.18%	152.93%	563.52%	-113.58%	-125.24%
qoq	-28.13%	-23.46%	169.81%	20.32%	-58.43%	44.83%	-16.49%	-14.55%	44.24%	-38.12%	30.88%	-18.59%	104.74%	-47.62%	12.27%	14.40%	35.63%	10.81%	17.56%	49.22%	71.64%	10.84%	-33.31%	61.36%	-27.05%	-16.18%	32.57%	-0.18%	26.83%	-53.68%	-15.30%	30.34%	60.20%	-9.67%	118.71%	223.38%	-67.10%	-31.35%	-42.64%	-19.08%	-39.78%	6.10%	43.74%	26.77%	70.20%	6.61%	-8.78%	-53.96%	681.48%	-58.44%	-22.83%	16.94%	90.35%	-32.20%	-62.57%	18.23%	96.86%	-46.42%	-28.42%	-183.96%	-210.67%	60.53%	11.24%	-11.60%	2009.07%	-67.15%	-105.44%	126.84%	-1.57%	-4436.02%	-100.11%	9836.78%	-38.05%	-1022.65%	-83.82%	-84.09%	79.03%			320.20%	-13.49%	-45.68%	10.92%	-40.93%	39.92%	132.65%	-42.46%	-6.41%	41.02%	179.41%	-31.41%	145.52%	-102.89%	419.26%
net income margin %	Infinity%	26.74%	36.44%	13.85%	11.48%	27.46%	18.07%	22.83%	25.98%	18.07%	27.76%	21.52%	25.85%	13.71%	26.28%	22.38%	21.04%	16.71%	15.79%	14.27%	10.22%	6.25%	5.75%	8.15%	5.58%	6.84%	8.34%	7.12%	7.49%	6.23%	11.59%	14.51%	11.61%	7.68%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%		Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%
net income attributable to noncontrolling interests	11,821,000	17,238,000	16,820,000	6,248,000	15,356,000	15,406,000	6,356,000	13,781,000	20,121,000	12,902,000	18,545,000	21,296,000	19,344,000	14,964,000	18,204,000	17,994,000	15,597,000	8,662,000	8,820,000	7,279,000	5,795,000	1,473,000	2,119,000	2,088,000	1,688,000	628,000	3,337,000	3,487,000	1,373,000	2,501,000	-4,282,000	-6,792,000		-3,583,000	-5,111,000	-798,000		-2,564,000	-1,314,000	-3,365,000	-2,299,000	-2,499,000	-3,528,000	-3,304,000	-2,096,000	-3,305,000	-2,422,000	-3,158,000	-410,000	-48,000	-71,000	-424,000		-536,000	-384,000	-317,000	-712,000	-573,000				-1,473,000				-195,000
net income attributable to photronics, inc. shareholders	31,429,000	42,939,000	61,801,000	22,891,000	8,861,000	42,851,000	33,869,000	34,388,000	36,251,000	26,180,000	44,611,000	26,959,000	39,929,000	13,986,000	37,060,000	31,230,000	27,432,000	23,064,000	19,811,000	17,076,000	10,526,000	8,036,000	6,460,000	10,776,000	6,284,000	10,300,000	9,700,000	6,347,000	8,479,000	5,267,000	12,487,000	13,005,000	10,665,000	5,898,000	5,385,000	4,001,000	1,797,000	1,946,000	5,256,000	8,088,000	11,854,000	21,002,000	18,622,000	12,106,000	10,060,000	3,837,000	4,277,000	4,186,000	15,540,000	1,993,000	4,840,000	5,940,000	4,863,000	2,323,000
earnings per share attributable to photronics, inc. shareholders:
basic	0.54	0.74	1.05	0.4	0.15	0.69	0.55	0.56	0.59	0.43	0.73	0.44	0.65	0.23	0.61	0.51	0.45	0.38	0.32	0.28	0.17	0.13	0.1	0.17	0.1	0.16	0.15	0.1	0.13	0.08	0.18	0.19	0.15	0.09	0.08	0.06	0.03	0.03	0.07	0.12	0.18	0.31	0.28	0.18	0.15	0.06	0.07	0.07	0.25	0.03	0.08	0.1	0.08	0.04	0.06	0.18	0.15	0.07	0.16	0.19	-0.3	0.23			0.15						-1.268	-4.93	-0.05	-0.08	0.145	0.05	0.34	0.19		0.118	0.11	0.13	0.23	0.223	0.42	0.32	0.14	0.128	0.26	0.18	0.07	-0.4	0.04	-1.37	-0.26
diluted	0.54	0.74	1.05	0.39	0.15	0.68	0.54	0.55	0.58	0.42	0.72	0.44	0.65	0.23	0.6	0.51	0.45	0.38	0.32	0.28	0.17	0.13	0.1	0.17	0.1	0.16	0.14	0.1	0.13	0.08	0.18	0.18	0.15	0.09	0.08	0.06	0.03	0.03	0.08	0.12	0.16	0.28	0.26	0.17	0.14	0.06	0.07	0.07	0.22	0.03	0.08	0.1	0.08	0.04	0.07	0.16	0.14	0.07	0.16	0.16	-0.3	0.2			0.14						-1.268	-4.93	-0.05	-0.08	0.133	0.05	0.3	0.17		0.113	0.11	0.12	0.21	0.193	0.35	0.28	0.13	0.118	0.23	0.17	0.07	-0.4	0.04	-1.37	-0.26
weighted-average number of common shares outstanding:
basic	58,123	57,794	59,606	57,937	60,793	62,093	61,726	61,815	61,771	61,455	61,139	61,233	61,138	60,894	60,559	60,701	60,606	60,158	61,407	60,884	62,054	62,475	64,866	64,780	64,937	65,554	66,347	66,313	66,261	66,583	68,829	69,374	69,293	68,755	68,436	68,525	68,426	68,176	67,539	67,953	67,372	66,807	66,331	66,454	66,230	66,066	61,779	61,436	61,372	61,200	60,644	60,746	60,493	60,277	60,055	60,121	60,086	59,817	57,030	58,987		53,817	53,433			53,102	43,210	41,819	41,775	41,723	41,658	41,662	41,638	41,626	41,539	41,558	41,513	41,475		35,519	41,383	41,334	41,315	35,519	35,295	32,817	32,703	32,564	32,747	32,526	32,493	32,144	32,096	32,053	32,037
diluted	58,745	58,390	59,920	58,068	60,974	62,661	62,391	62,414	62,409	62,283	61,755	61,974	61,507	61,470	61,189	61,299	61,145	60,936	61,999	61,515	62,568	63,005	65,470	65,247	65,417	66,449	69,155	66,570	70,597	67,047	74,821	75,258	75,190	69,372	69,288	69,380	69,385	69,169	76,354	74,317	77,516	79,136	78,383	78,569	78,228	67,020	66,679	62,432	77,705	62,136	61,599	66,177	61,501	61,095	76,464	76,436	76,590	60,930	58,458	76,744		66,411	65,803			54,824	43,210	41,819	41,775	41,723	41,658	41,662	41,638	41,626	51,282	41,864	51,399	51,361		45,256	41,735	50,987	50,946	45,256	45,269	42,398	42,294	42,339	42,188	42,661	32,790	32,144	32,371	32,053	32,112
revenue		225,066,000	215,770,000	210,394,000	210,992,000	212,138,000	222,628,000	210,984,000	217,000,000	216,334,000	227,473,000	224,206,000	229,306,000	211,090,000	210,266,000	219,948,000	204,509,000	189,827,000	181,288,000	170,643,000	159,763,000	152,067,000	149,286,000	157,895,000	142,774,000	159,736,000	156,256,000	138,112,000	131,580,000	124,712,000	144,660,000	136,391,000	130,779,000	123,446,000
yoy		6.09%	-3.08%	-0.28%	-2.77%	-1.94%	-2.13%	-5.90%	-5.37%	2.48%	8.18%	1.94%	12.13%	11.20%	15.98%	28.89%	28.01%	24.83%	21.44%	8.07%	11.90%	-4.80%	-4.46%	14.32%	8.51%	28.08%	8.02%	1.26%	0.61%	1.03%
qoq		4.31%	2.56%	-0.28%	-0.54%	-4.71%	5.52%	-2.77%	0.31%	-4.90%	1.46%	-2.22%	8.63%	0.39%	-4.40%	7.55%	7.73%	4.71%	6.24%	6.81%	5.06%	1.86%	-5.45%	10.59%	-10.62%	2.23%	13.14%	4.96%	5.51%	-13.79%	6.06%	4.29%	5.94%
earnings per share:
basic	0.54	0.74	1.05	0.4	0.15	0.69	0.55	0.56	0.59	0.43	0.73	0.44	0.65	0.23	0.61	0.51	0.45	0.38	0.32	0.28	0.17	0.13	0.1	0.17	0.1	0.16	0.15	0.1	0.13	0.08	0.18	0.19	0.15	0.09	0.08	0.06	0.03	0.03	0.07	0.12	0.18	0.31	0.28	0.18	0.15	0.06	0.07	0.07	0.25	0.03	0.08	0.1	0.08	0.04	0.06	0.18	0.15	0.07	0.16	0.19	-0.3	0.23			0.15						-1.268	-4.93	-0.05	-0.08	0.145	0.05	0.34	0.19		0.118	0.11	0.13	0.23	0.223	0.42	0.32	0.14	0.128	0.26	0.18	0.07	-0.4	0.04	-1.37	-0.26
diluted	0.54	0.74	1.05	0.39	0.15	0.68	0.54	0.55	0.58	0.42	0.72	0.44	0.65	0.23	0.6	0.51	0.45	0.38	0.32	0.28	0.17	0.13	0.1	0.17	0.1	0.16	0.14	0.1	0.13	0.08	0.18	0.18	0.15	0.09	0.08	0.06	0.03	0.03	0.08	0.12	0.16	0.28	0.26	0.17	0.14	0.06	0.07	0.07	0.22	0.03	0.08	0.1	0.08	0.04	0.07	0.16	0.14	0.07	0.16	0.16	-0.3	0.2			0.14						-1.268	-4.93	-0.05	-0.08	0.133	0.05	0.3	0.17		0.113	0.11	0.12	0.21	0.193	0.35	0.28	0.13	0.118	0.23	0.17	0.07	-0.4	0.04	-1.37	-0.26
other operating (loss)
selling, general and administrative															15,683,000	15,960,000	16,613,000	15,727,000	14,322,000	15,083,000	14,067,000	14,053,000	12,790,000	13,306,000	13,267,000	14,219,000	12,140,000	13,124,000	13,269,000	13,792,000	-13,504,000	-12,504,000	-13,637,000	-11,750,000	-10,182,000	-11,639,000	-10,894,000	-10,871,000	-10,191,000	-11,163,000	-11,024,000	-12,198,000	-12,188,000	-12,430,000	-12,421,000	-11,944,000	-11,546,000	-12,394,000	-13,419,000	-12,278,000	-12,927,000	-12,068,000	-12,151,000	-11,067,000	-11,395,000	-11,784,000	-12,201,000	-11,325,000	-11,245,000	-11,833,000	-11,448,000	-10,713,000	-10,301,000	-11,068,000	-10,870,000	-10,149,000	-10,167,000	-9,963,000	-10,630,000	-10,402,000	-11,547,000	-13,741,000	-13,575,000	-16,302,000	-14,585,000	-16,039,000	-14,442,000	16,442,000		7,857,000	15,524,000	15,726,000	15,188,000	14,294,000	13,762,000	13,521,000	12,719,000	13,137,000	13,519,000	13,297,000	13,534,000	13,543,000	13,625,000	14,612,000	14,373,000
non-operating income:
interest expense, net of subsidies															-355,000	-622,000	15,000
interest income and other income and expense															224,500	401,000	162,000
other non-operating income:
foreign currency transaction gains																							-2,240,000	-1,565,000	-1,433,000
income before income taxes																							12,388,250	17,801,000	11,753,000	20,000,000	8,834,250	13,052,000	13,130,000	9,155,000	12,062,500	21,851,000	18,697,000	7,703,000																					8,720,000	14,525,000	12,193,000	8,162,000	5,702,500	17,517,000	-11,773,000	17,067,000	5,602,500	10,517,000	10,465,000	1,428,000
income tax benefit																														-1,387,000				1,778,000			-431,000				2,326,000																								-1,860,000		-1,396,000	-1,805,000	76,000		-1,438,000	7,020,000	-932,000		-784,000	-1,126,000	6,400,000													1,231,000	1,293,000
net loss attributable to noncontrolling interests																																	-4,524,000				313,000																						-1,058,750	-1,357,000
net sales																																			82,426,750	111,579,000	108,297,000	109,831,000	107,368,000	123,209,000	122,923,000	129,956,000	141,693,000	131,699,000	127,309,000	123,505,000	124,251,000	124,852,000	104,882,000	101,542,000	106,009,000	109,652,000	106,680,000	99,839,000	104,219,000	116,616,000	117,451,000	112,154,000	122,159,000	135,935,000	133,103,000	120,000	110,036,000	112,251,000	105,070,000	98,197,000	94,677,000	95,401,000	83,232,000	88,042,000	103,306,000	105,697,000	110,330,000	103,215,000	101,571,000	104,301,000	109,626,000	105,981,000		101,191,000	108,160,000	119,471,000	111,948,000	111,793,000	114,901,000	112,893,000	101,183,000	104,155,000	103,728,000	97,167,000	90,489,000	91,488,000	90,454,000	85,548,000	81,393,000
costs and expenses:
cost of sales																																			-66,208,750	-89,862,000	-88,140,000	-86,832,000	-86,835,000	-91,759,000	-91,636,000	-94,520,000	-97,079,000	-94,456,000	-94,214,000	-95,321,000	-97,627,000	-96,202,000	-82,692,000	-78,660,000	-79,334,000	-82,574,000	-81,891,000	-78,741,000	-79,921,000	-84,312,000	-87,590,000	-86,696,000	-91,266,000	-97,695,000	-96,617,000	-90,229,000	-84,760,000	-85,979,000	-82,980,000	-80,020,000	-77,660,000	-77,347,000	-71,792,000	-77,483,000	-85,354,000	-91,813,000	-90,056,000	-82,619,000	-81,614,000	-80,595,000	-83,433,000	76,316,000		66,964,000	75,256,000	77,663,000	75,765,000	76,659,000	75,350,000	74,457,000	69,183,000	67,763,000	66,485,000	64,133,000	61,851,000	62,090,000	62,030,000	62,808,000	63,758,000
interest and other income																																			-1,045,500	415,000	-3,073,000	-1,524,000	546,000	1,849,000	-2,025,000	2,052,000	1,485,000	1,449,000	-224,000	87,000	1,064,000	641,000	594,000	1,111,000	666,000	937,000	993,000	1,296,000
gain on sale of investment																																										8,785,000
income before income tax benefit																																					1,915,000				11,827,000
gains on sales of investments																																								157,000
gain on acquisition																																																	16,372,000
consolidation, restructuring and related charges																																																							-295,500	-7,000	-58,000	-1,118,000								-193,000	-811,000	-10,660,000	-406,000	-1,680,000										3,304,000	1,790,000	11,426,000												42,000,000
net income attributable to noncontrolling
interests																																																					-579,000										-210,500	84,000
debt extinguishment loss																																																												-4,973,000	-30,286,000
investment and other income																																																							861,000	1,245,000	827,000	1,372,000	-531,000	1,517,000	-704,000	2,668,000	616,000	593,000	876,000	468,000	6,210,000	-8,869,000	-571,000	1,023,000	3,624,000	720,000	-347,000	1,566,000	1,323,000	2,344,000	1,366,000	1,811,000		-5,738,000	1,715,000	7,021,000	4,557,000	2,377,000	4,773,000			3,003,000	196,000	723,000
net income attributable to photronics, inc.																																																							6,008,750	10,950,000	8,818,000	4,268,000	9,291,000	11,265,000		12,111,000	8,144,000	7,691,000		213,000
consolidation, restructuring and related (charges) credits
consolidation, restructuring and related credits
net income attributable to
noncontrolling interests																																																													-1,405,000				-732,000
photronics, inc.																																																													-16,438,000				7,873,000
weighted-average number of common shares
outstanding:
basic																																																													55,685		13,335.25	53,516	53,405
diluted																																																													55,685		16,422.25	66,280	65,780
consolidation, restructuring and
related (charges) credits																																																															1,202,500	-26,000	5,029,000
impairment of long-lived assets																																																																					-1,458,000			-66,874,000
net loss attributable to noncontrolling
income per share:
basic																																																															0.075	0.14
diluted																																																															0.073	0.13
net loss attributable to
impairment of goodwill																																																																								-138,534,000
other income																																																																																							-3,024,000
loss before income taxes and minority interest																																																																			-9,911,250	-20,643,000	-10,232,000	-8,770,000
loss before minority interest																																																																			-10,643,000	-22,448,000	-10,156,000	-9,967,000
minority interest																																																																			-145,000	-399,000	84,000		-364,000	-474,000	-27,000	-955,000	-606,000	-929,000	-191,000	-1,304,000		-927,500	-1,328,000	-1,376,000	-1,006,000	-1,273,250	-1,443,000	-1,547,000	-2,103,000	-1,860,750	-3,571,000	-2,357,000		-1,121,250	-1,645,000	-1,243,000
loss per share:
basic																																																																			-0.258	-0.55	-0.24	-0.25
diluted																																																																			-0.258	-0.55	-0.24	-0.25
see accompanying notes to condensed consolidated financial statements.
minority interest in income of consolidated subsidiaries																																																																						-266,000																					-1,515,000				-1,597,000
gain on sale of facility																																																																														2,254,000
income before income taxes and minority interest																																																																							-53,440,250	-212,138,000	-1,110,000	-512,000	5,655,750	4,293,000	7,857,000	10,473,000		8,136,750	7,575,000	10,455,000	14,517,000	10,763,750	19,834,000	14,738,000	8,483,000	7,007,000	13,505,000	9,573,000	4,950,000	-11,899,500	4,493,000	-44,701,000	-7,387,000
income before minority interest																																																																							154,000	-205,118,000	-2,042,000	-2,385,000	477,000	3,167,000	14,257,000	9,161,000		22,064,000	5,883,000	6,641,000	10,699,000	10,280,000	16,238,000	12,121,000	6,648,000	11,274,000	12,011,000	8,342,000	3,657,000	4,211,000	2,917,000	-42,827,000	-6,890,000
other expense																																																																																						-2,057,000
other incomes																																																																																											-2,713,000
other expenses																																																																																												-2,328,000	-2,984,000	-3,298,000	-3,030,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-05-03	2026-02-01	2025-10-31	2025-08-03	2025-05-04	2025-02-02	2024-10-31	2024-07-28	2024-04-28	2024-01-28	2023-10-31	2023-07-30	2023-04-30	2023-01-29	2022-10-31	2022-07-31	2022-05-01	2022-01-30	2021-10-31	2021-08-01	2021-05-02	2021-01-31	2020-10-31	2020-08-02	2020-05-03	2020-02-02	2019-10-31	2019-07-28	2019-04-28	2019-01-27	2018-10-31	2018-07-29	2018-04-29	2018-01-28	2017-10-29	2017-07-30	2017-04-30	2017-01-29	2016-10-30	2016-07-31	2016-05-01	2016-01-31	2015-11-01	2015-08-02	2015-05-03	2015-02-01	2014-11-02	2014-08-03	2014-05-04	2014-02-02	2013-11-03	2013-07-28	2013-04-28	2013-01-27	2012-10-28	2012-07-29	2012-04-29	2012-01-29	2011-10-30	2011-07-31	2011-05-01	2011-01-30	2010-10-31	2010-08-01	2010-05-02	2010-01-31	2009-11-01	2009-08-02	2009-05-03	2009-02-01	2008-11-02	2008-07-27	2008-04-27	2008-01-27	2007-10-28	2007-07-29	2007-04-29	2007-01-28	2006-10-29	2006-07-30	2006-04-30	2006-01-29	2005-10-30	2005-07-31	2005-05-01	2005-01-30	2004-10-31	2004-08-01	2004-05-02	2004-02-01	2003-11-02	2003-08-03	2003-05-04	2003-02-02	2002-11-03

assets
current assets:
cash and cash equivalents	511,490,000	544,133,000	492,256,000	479,521,000	530,708,000	642,200,000	598,485,000	537,331,000	493,905,000	508,518,000	499,292,000	448,479,000	367,485,000	334,792,000	319,680,000	380,833,000	329,282,000	314,195,000	276,670,000	283,249,000	255,965,000	278,539,000	278,665,000	260,597,000	237,790,000	218,309,000	206,530,000	197,243,000	167,066,000	232,448,000	329,277,000	332,739,000	321,246,000	348,560,000	308,021,000	340,572,000	345,724,000	329,696,000	314,074,000	291,669,000	193,978,000	231,444,000	205,867,000	191,562,000	176,050,000	168,610,000	192,929,000	196,338,000	191,828,000	189,228,000	215,615,000	197,271,000	210,552,000	217,771,000	218,043,000	197,295,000	191,960,000	201,800,000	189,928,000	202,845,000	186,112,000	112,723,000	98,945,000	104,027,000	91,410,000	84,401,000	88,539,000	85,531,000	81,488,000	71,509,000	83,763,000	77,170,000	67,103,000	89,129,000	146,049,000	120,056,000	131,790,000	100,636,000	129,425,000	85,239,000	202,882,000	170,840,000	196,049,000	233,391,000	91,368,000	118,606,000	142,300,000	141,880,000	133,526,000	127,702,000	214,777,000	194,950,000	243,272,000	91,640,000	113,944,000
short-term investments	126,177,000	92,738,000	95,909,000	96,277,000	27,699,000		42,184,000	69,046,000	65,955,000	12,996,000	12,915,000	27,325,000	45,431,000	39,199,000	38,820,000																																																						145,000	144,000	1,343,000	2,458,000	2,494,000	5,912,000	5,657,000	25,182,000	21,934,000	31,803,000	69,899,000	78,594,000	76,984,000	91,790,000	90,600,000	82,420,000	68,898,000	30,733,000	84,628,000	108,183,000	108,445,000	108,256,000	17,036,000	16,425,000	15,791,000		15,148,000
accounts receivable, net [1]	188,951,000
inventories	67,826,000	62,653,000	61,767,000	63,490,000	61,201,000	57,583,000	56,527,000	55,472,000	54,257,000	50,680,000	49,963,000	55,379,000	54,940,000	52,796,000	50,753,000	50,313,000	57,940,000	61,971,000	55,249,000	53,165,000	56,384,000	56,407,000	57,269,000	54,733,000	56,968,000	49,673,000	48,155,000	39,982,000	34,696,000	27,874,000	29,180,000	31,756,000	31,936,000	26,997,000	23,703,000	25,668,000	24,537,000	23,573,000	22,081,000	24,615,000	24,510,000	21,760,000	24,157,000	23,266,000	23,233,000	23,786,000	22,478,000	23,661,000	21,923,000	19,566,000	18,849,000	17,947,000	18,585,000	18,964,000	17,702,000	22,743,000	20,453,000	21,626,000	22,100,000	30,873,000	27,904,000	21,139,000	15,502,000	14,328,000	15,861,000	15,806,000	14,826,000	15,459,000	16,486,000	18,063,000	17,548,000	18,201,000	19,655,000	16,506,000	17,716,000	16,630,000	18,254,000	16,069,000	19,209,000	22,984,000	26,801,000	23,166,000	20,536,000	16,843,000	18,677,000	17,394,000	16,066,000	13,048,000	12,411,000	13,377,000	14,329,000	16,548,000	17,285,000	18,962,000	19,948,000
other current assets	49,482,000	47,235,000	44,199,000	42,073,000	40,221,000	32,613,000	33,036,000	30,865,000	32,493,000	31,876,000	28,353,000	34,900,000	37,796,000	53,337,000	37,252,000	40,414,000	52,864,000	50,940,000	44,250,000	42,860,000	39,336,000	31,458,000	29,735,000	48,468,000	42,478,000	31,202,000	38,388,000	38,434,000	38,304,000	57,043,000	23,759,000	12,598,000	15,244,000	12,162,000	12,080,000	10,558,000	11,044,000	11,244,000	12,795,000	17,643,000	24,409,000	19,840,000	20,680,000	21,037,000	24,705,000	28,924,000	19,347,000	30,939,000	29,406,000	11,273,000	9,563,000	14,476,000	9,525,000	11,414,000	7,165,000	7,578,000	7,721,000	7,515,000	7,030,000	8,878,000	6,159,000	7,016,000	7,231,000	3,950,000	6,403,000	8,135,000	6,448,000	7,549,000	6,688,000	9,796,000	8,905,000	10,265,000	6,282,000	7,137,000	6,244,000	11,790,000	8,618,000	8,952,000	13,432,000	10,968,000	10,298,000	10,097,000	5,864,000				6,455,000				6,692,000				16,205,000
total current assets	943,926,000	946,249,000	890,052,000	872,236,000	855,806,000	920,834,000	931,062,000	892,640,000	844,133,000	807,677,000	785,450,000	772,211,000	720,116,000	700,816,000	644,652,000	678,055,000	630,345,000	597,779,000	550,616,000	530,464,000	495,608,000	506,112,000	500,139,000	510,641,000	472,271,000	440,904,000	427,527,000	420,467,000	371,968,000	453,006,000	502,731,000	504,920,000	500,299,000	492,357,000	449,124,000	468,610,000	472,455,000	450,538,000	441,586,000	441,421,000	347,227,000	372,980,000	364,114,000	340,566,000	321,622,000	320,503,000	336,492,000	353,837,000	340,811,000	292,113,000	318,466,000	312,267,000	321,377,000	322,440,000	319,794,000	310,754,000	309,895,000	315,655,000	305,207,000	341,563,000	319,923,000	222,830,000	205,802,000	211,432,000	198,430,000	184,474,000	179,997,000	180,392,000	168,829,000	167,666,000	182,497,000	183,710,000	177,202,000	193,365,000	246,985,000	246,185,000	257,139,000	233,938,000	318,887,000	278,050,000	393,856,000	374,804,000	384,335,000	443,174,000	280,294,000	274,229,000	345,726,000	367,151,000	355,564,000	346,390,000	339,882,000	324,119,000	376,118,000	227,001,000	249,060,000
property, plant and equipment	927,936,000	894,620,000	854,436,000	838,988,000	807,558,000	749,809,000	745,257,000	722,638,000	729,489,000	742,671,000	709,244,000	701,459,000	699,917,000	710,927,000	643,873,000	640,805,000	659,881,000	692,289,000	696,553,000	699,609,000	717,426,000	672,398,000	631,475,000	623,247,000	604,545,000	619,935,000	632,441,000	636,743,000	654,357,000	656,873,000	571,781,000	546,688,000	563,313,000	548,307,000	535,197,000	501,720,000	503,900,000	496,676,000	506,434,000	522,192,000	523,669,000	519,272,000	547,284,000	568,921,000	602,982,000	593,020,000	550,069,000	547,377,000	534,065,000	434,201,000	422,740,000	420,535,000	410,757,000	395,895,000	380,808,000	384,792,000	382,800,000	359,814,000	368,680,000	397,703,000	403,413,000	386,860,000	369,814,000	354,422,000	360,108,000	354,401,000	347,889,000	354,572,000	399,343,000	406,915,000	436,528,000	500,403,000	590,953,000	604,706,000	531,578,000	460,116,000	441,259,000	448,880,000	443,637,000	452,211,000	445,804,000	447,959,000	412,429,000	416,729,000	405,414,000	409,406,000	396,461,000	382,412,000	383,194,000	386,272,000	387,977,000	389,311,000	389,464,000	440,494,000	443,860,000
deferred income taxes	37,389,000	38,255,000	40,207,000	26,419,000	24,727,000	19,338,000	23,059,000	20,242,000	19,821,000	22,223,000	21,297,000	18,585,000	19,302,000	21,922,000	19,816,000	22,535,000	23,731,000	24,447,000	24,353,000	23,691,000	22,591,000	21,549,000	22,070,000	22,261,000	19,801,000	17,594,000	20,779,000	17,498,000	15,121,000	15,405,000	18,109,000	18,585,000	19,925,000	20,583,000	15,481,000	16,128,000	16,199,000	16,067,000	16,322,000	11,961,000	11,870,000	10,675,000	3,354,000	11,801,000	11,520,000	10,746,000	7,223,000	12,263,000	12,134,000	12,317,000	1,082,000	11,158,000	11,169,000	11,628,000	1,199,000	616,000	638,000	622,000	609,000	1,313,000	1,238,000	1,280,000	1,173,000	3,321,000	3,509,000	3,272,000	3,264,000	2,860,000	2,759,000	2,657,000	2,843,000	4,021,000	2,634,000	2,604,000	3,071,000				2,623,000				1,280,000				27,540,000				27,469,000				21,270,000
other assets	21,575,000	22,295,000	19,839,000	15,122,000	14,941,000	14,690,000	12,681,000	9,581,000	10,010,000	10,265,000	10,230,000	11,088,000	11,690,000	8,015,000	7,489,000	8,202,000	17,930,000	20,733,000	21,906,000	27,089,000	29,008,000	29,620,000	31,061,000	35,158,000	31,581,000	40,180,000	30,048,000	30,474,000	33,610,000	9,338,000	5,020,000	4,312,000	4,036,000	3,985,000	3,870,000	3,820,000	3,865,000	4,093,000	4,071,000	3,919,000	4,160,000	4,308,000	4,612,000	5,483,000	6,128,000	6,327,000	8,170,000	7,531,000	8,148,000	6,399,000	5,064,000	6,935,000	7,730,000	8,296,000	6,601,000	8,463,000	9,116,000	11,378,000	10,282,000	21,494,000	22,263,000	18,844,000	19,388,000	18,535,000	19,175,000	19,149,000	19,771,000	19,402,000	13,209,000	11,048,000	10,859,000	5,680,000	5,848,000	5,541,000	5,948,000	6,857,000	4,917,000	6,518,000	8,497,000	12,022,000	21,810,000	19,878,000	12,631,000	8,231,000	10,027,000	11,179,000	14,778,000	14,669,000	18,174,000	18,566,000	18,789,000				18,305,000
total assets	1,930,826,000	1,901,419,000	1,804,534,000	1,752,765,000	1,703,032,000	1,704,671,000	1,712,059,000	1,645,101,000	1,603,453,000	1,582,836,000	1,526,221,000	1,503,343,000	1,451,025,000	1,441,680,000	1,315,830,000	1,349,597,000	1,331,887,000	1,335,248,000	1,294,202,000	1,281,757,000	1,265,989,000	1,232,062,000	1,188,182,000	1,195,842,000	1,133,888,000	1,125,460,000	1,118,665,000	1,114,195,000	1,085,238,000	1,145,894,000	1,110,009,000	1,088,012,000	1,102,281,000	1,081,456,000	1,020,794,000	1,008,598,000	1,015,571,000	987,468,000	988,267,000	1,000,443,000	1,001,908,000	1,023,350,000	1,045,555,000	1,046,091,000	1,063,194,000	1,052,877,000	1,029,183,000	1,045,426,000	1,021,010,000	870,768,000	885,929,000	879,378,000	880,859,000	867,498,000	849,234,000	847,690,000	839,247,000	819,691,000	817,854,000
liabilities and equity
current liabilities:
current portion of long-term debt	11,000	11,000	11,000	11,000	11,000	2,631,000	17,972,000	20,090,000	19,318,000	20,771,000	6,621,000	6,589,000	7,017,000	6,541,000	10,024,000	10,727,000	12,410,000	18,307,000	22,248,000	25,163,000	25,658,000	21,641,000	8,970,000	8,596,000	7,813,000	7,959,000	2,142,000	2,200,000	505,000	57,927,000	57,453,000	57,893,000																																																86,521,000	86,612,000	86,190,000		12,668,000	33,000	3,038,000		2,655,000	3,467,000	4,931,000		6,444,000	8,081,000	10,564,000
accounts payable	107,970,000	111,651,000	84,209,000	100,351,000	89,484,000	85,936,000	78,717,000	89,013,000	94,745,000	86,925,000	84,024,000	101,525,000	92,672,000	84,818,000	79,566,000	82,234,000	78,341,000	94,914,000	81,534,000	75,640,000	83,292,000	70,870,000	75,378,000	94,530,000	76,293,000	84,707,000	91,379,000	87,938,000	80,120,000	89,875,000	89,149,000	62,110,000	64,944,000	54,973,000	50,834,000	54,126,000	58,205,000	47,435,000	48,906,000	62,987,000	65,697,000	69,937,000	79,143,000	110,945,000	119,624,000	125,628,000	77,779,000	81,977,000	82,673,000	84,878,000	59,210,000	84,790,000	79,432,000	65,568,000	53,031,000	64,169,000	55,485,000	54,140,000	54,772,000	89,922,000	100,496,000	95,755,000	77,630,000	93,210,000	68,317,000	56,691,000	59,187,000	50,268,000	51,268,000	56,425,000	69,791,000	73,785,000	87,402,000	82,556,000	114,221,000	65,962,000	59,490,000	54,860,000	53,907,000	46,503,000	44,773,000	49,317,000	42,923,000	50,046,000	50,583,000	55,263,000	57,746,000	47,442,000	36,648,000	36,927,000	43,997,000	39,415,000	40,719,000	41,539,000	57,401,000
accrued liabilities	78,984,000	94,987,000	81,653,000	74,563,000	77,288,000	74,076,000	87,122,000	82,023,000	81,504,000	77,593,000	94,578,000	82,538,000	85,479,000	107,972,000	104,207,000	104,153,000	95,720,000	77,873,000	72,366,000	66,814,000	50,337,000	53,020,000	53,883,000	66,096,000	59,408,000	55,013,000	49,702,000	65,236,000	58,659,000	43,005,000	44,474,000	38,839,000	42,301,000	29,841,000	26,303,000	19,643,000	28,260,000	22,437,000	24,240,000	28,223,000	42,614,000	32,473,000	39,214,000	34,014,000	32,971,000	40,865,000	42,241,000	56,718,000	38,501,000	20,978,000	24,348,000	24,864,000	24,493,000	23,647,000	24,701,000	26,799,000	25,909,000	35,498,000	35,546,000	42,697,000	34,128,000	33,549,000	30,132,000	29,471,000	25,700,000	27,723,000	20,967,000	21,228,000	21,680,000	23,410,000	25,657,000	25,461,000	30,016,000	32,631,000	31,676,000	31,123,000	29,403,000	36,398,000	50,386,000				36,042,000				29,900,000				31,871,000				38,982,000
total current liabilities	186,965,000	206,649,000	165,873,000	174,925,000	166,783,000	162,643,000	183,811,000	191,126,000	195,567,000	185,289,000	185,223,000	190,652,000	185,168,000	199,331,000	193,797,000	197,114,000	186,471,000	191,094,000	176,148,000	167,617,000	159,287,000	145,531,000	142,939,000	175,309,000	153,372,000	157,654,000	151,954,000	159,274,000	139,284,000	194,527,000	191,076,000	158,842,000	166,508,000	88,073,000	81,776,000	79,310,000	91,968,000	75,337,000	81,317,000	97,056,000	114,117,000	166,365,000	192,692,000	161,536,000	170,246,000	176,950,000	139,117,000	149,001,000	131,405,000	115,243,000	104,587,000	120,350,000	114,398,000	96,860,000	85,513,000	98,438,000	89,268,000	95,167,000	95,901,000	138,157,000	140,451,000	141,313,000	119,229,000	134,258,000	105,381,000	95,790,000	90,455,000	102,920,000	128,161,000	147,969,000	116,078,000	118,459,000	134,941,000	131,206,000	150,379,000	122,085,000	113,893,000	91,258,000	191,196,000	180,372,000	171,832,000	170,553,000	83,778,000	92,510,000	77,546,000	84,115,000	90,664,000	79,420,000	69,705,000	70,268,000	81,373,000	77,820,000	87,383,000	81,754,000	107,032,000
long-term debt	3,853,000	10,000	13,000	16,000	19,000	21,000	25,000	28,000	2,456,000	2,655,000	17,998,000	20,121,000	21,322,000	27,323,000	32,310,000	46,589,000	70,138,000	78,540,000	89,446,000	92,740,000	88,444,000	79,984,000	54,980,000	38,183,000	35,783,000	36,449,000	41,887,000	43,015,000	35,921,000	24,484,000																																																		165,186,000	162,287,000	157,322,000	238,949,000	249,410,000	262,665,000	273,453,000	315,888,000	355,977,000	365,434,000	367,838,000	368,307,000	379,706,000	433,791,000	290,740,000	296,785,000
other liabilities	46,547,000	44,839,000	41,341,000	39,824,000	39,461,000	47,798,000	47,464,000	40,518,000	37,401,000	47,838,000	47,391,000	40,694,000	39,851,000	32,306,000	27,634,000	25,936,000	25,048,000	26,448,000	28,046,000	26,939,000	27,441,000	28,051,000	27,997,000	25,665,000	23,075,000	18,556,000	13,732,000	11,050,000	10,876,000	12,805,000	13,721,000	15,657,000	17,707,000	17,570,000	14,337,000	16,384,000	19,702,000	20,215,000	17,846,000	20,952,000	20,600,000	23,298,000	19,289,000	20,051,000	19,181,000	18,520,000	15,722,000	19,881,000	21,175,000	13,241,000	10,301,000	9,993,000	9,665,000	9,532,000	8,103,000	7,612,000	8,047,000	8,085,000	8,883,000	8,646,000	9,394,000	9,650,000	9,356,000	9,085,000	9,619,000	9,274,000	9,881,000	15,611,000	5,287,000	4,594,000	4,739,000	5,859,000	5,949,000	5,334,000	6,256,000				14,220,000				7,430,000				8,236,000				12,288,000				11,209,000
total liabilities	237,365,000	251,498,000	207,227,000	214,765,000	206,263,000	210,462,000	231,300,000	231,672,000	235,424,000	235,782,000	250,612,000	251,467,000	246,341,000	258,960,000	253,741,000	269,639,000	281,657,000	296,082,000	293,640,000	287,296,000	275,172,000	253,566,000	225,916,000	239,157,000	212,230,000	212,659,000	207,573,000	213,857,000	186,910,000	232,724,000	205,440,000	174,499,000	184,215,000	163,009,000	155,499,000	153,470,000	170,817,000	156,060,000	162,793,000	181,062,000	199,136,000	255,887,000	283,489,000	300,044,000	309,211,000	324,832,000	289,689,000	325,165,000	311,271,000	289,564,000	298,098,000	313,563,000	293,411,000	273,657,000	263,233,000	277,723,000	270,369,000	255,245,000	258,098,000	300,845,000	309,936,000	222,087,000	207,936,000	221,110,000	213,239,000	214,018,000	213,960,000	276,307,000	292,837,000	306,210,000	325,609,000	335,743,000	353,913,000	387,179,000	356,031,000	288,202,000	286,682,000	287,105,000	385,404,000				338,037,000				458,674,000				504,403,000				448,356,000
commitments and contingencies
equity:
preferred stock, 0.01 par value...
common stock, 0.01 par value...	582,000	581,000	576,000	576,000	587,000	623,000	619,000	618,000	618,000	617,000	613,000	613,000	612,000	611,000	608,000	608,000	606,000	606,000	600,000	608,000	636,000	635,000	631,000	663,000	662,000	661,000	656,000	700,000	700,000	699,000	697,000	695,000	694,000	689,000	687,000	685,000	685,000	683,000	681,000	680,000	679,000	671,000	666,000	665,000	663,000	662,000	659,000	615,000	614,000	613,000	611,000	610,000	606,000	603,000	602,000	601,000	601,000	600,000	597,000	595,000							530,000	419,000	418,000	418,000	417,000	417,000	416,000	416,000	416,000	416,000	415,000	415,000	415,000				413,000				327,000				325,000
additional paid-in capital	492,865,000	488,806,000	486,934,000	483,081,000	489,205,000	515,742,000	514,757,000	509,918,000	506,621,000	502,903,000	502,010,000	499,886,000	497,391,000	494,954,000	493,741,000	491,945,000	489,368,000	487,342,000	484,672,000	489,431,000	511,215,000	508,974,000	507,336,000	531,619,000	530,117,000	528,535,000	524,319,000	559,437,000	558,359,000	557,188,000	555,606,000	553,922,000	552,977,000	549,328,000	547,596,000	545,743,000	545,019,000	543,117,000	541,093,000	539,562,000	538,535,000	529,337,000	526,402,000	524,924,000	522,873,000	521,580,000	520,182,000	496,571,000	495,516,000	500,409,000	498,861,000	497,605,000	496,204,000	494,985,000	493,411,000	491,731,000	490,350,000	488,674,000	486,674,000	485,439,000	478,009,000	437,360,000	436,825,000	435,467,000	434,976,000	433,632,000	432,160,000	386,460,000	385,826,000	385,188,000	384,502,000	383,762,000	383,036,000	382,336,000	381,876,000	380,896,000	380,037,000	379,074,000	378,143,000	376,725,000	375,836,000	375,283,000	374,326,000	373,067,000	204,749,000	202,939,000	202,313,000	201,447,000	200,973,000	199,992,000	199,535,000	196,554,000	196,229,000	195,820,000	195,588,000
retained earnings	845,752,000	814,323,000	772,199,000	710,398,000	698,423,000	731,709,000	691,807,000	657,938,000	623,550,000	587,299,000	561,119,000	516,508,000	489,549,000	449,620,000	435,634,000	398,574,000	367,344,000	339,912,000	317,849,000	302,971,000	297,599,000	287,073,000	279,037,000	281,282,000	270,506,000	264,222,000	253,922,000	251,491,000	245,144,000	236,665,000	231,445,000	218,958,000	205,953,000	195,288,000	189,390,000	184,005,000	180,004,000	178,206,000	176,260,000	171,004,000	162,916,000	151,062,000	130,060,000	111,438,000	99,332,000	89,272,000	85,435,000	81,158,000	76,972,000	61,432,000	59,439,000	54,599,000	48,660,000	43,796,000	41,473,000	37,640,000	26,691,000	17,873,000	13,605,000	4,314,000		9,487,000					-26,546,000	-27,788,000	-4,941,000	5,131,000	15,364,000	15,130,000	220,722,000	222,791,000	227,175,000	226,813,000	224,574,000	210,509,000	202,652,000	192,832,000	188,278,000	183,012,000	173,320,000	164,580,000	149,786,000	139,212,000	134,667,000	126,768,000	118,328,000	112,343,000	110,201,000	107,078,000	105,805,000	149,876,000	158,363,000
accumulated other comprehensive loss	-97,949,000	-92,320,000	-86,120,000	-68,504,000	-87,295,000	-120,325,000	-86,319,000	-100,480,000	-95,932,000	-67,863,000	-88,734,000	-55,795,000	-59,505,000	-24,420,000										-6,428,000	-15,200,000	-11,742,000	-9,005,000	-14,427,000	-6,828,000									-9,530,000	-7,671,000	-4,936,000	-8,846,000	-28,005,000																						-4,648,000		-444,000	-6,389,000	-13,082,000	-22,007,000	-33,052,000																					-1,732,000	-6,692,000	-10,111,000	-5,383,000	-14,999,000
total photronics, inc. shareholders’ equity	1,241,250,000	1,211,390,000	1,173,589,000	1,125,551,000	1,100,920,000	1,127,749,000	1,120,864,000	1,067,994,000	1,034,857,000	1,022,956,000	975,008,000	961,212,000	928,047,000	920,765,000	831,527,000	850,318,000	834,399,000	838,425,000					804,962,000	790,242,000	769,191,000	770,676,000		763,394,000	763,568,000	761,088,000	759,671,000	770,810,000			744,564,000	739,282,000	729,879,000	712,476,000		706,310,000		653,065,000
noncontrolling interests	452,211,000	438,531,000	423,718,000	412,449,000	395,849,000	366,460,000	359,895,000	345,435,000	333,172,000	324,098,000	300,601,000	290,664,000	276,637,000	261,955,000	230,562,000	229,640,000	215,831,000	200,741,000	176,870,000	176,569,000	169,425,000	162,994,000	157,304,000	166,443,000	152,467,000	142,125,000	141,200,000	136,944,000	134,760,000	152,082,000	144,898,000	142,703,000	134,686,000	141,014,000	120,731,000	115,846,000	114,875,000	118,932,000	115,111,000	113,071,000	109,488,000	114,398,000	115,511,000	117,276,000	116,277,000	110,936,000	111,444,000	110,323,000	106,618,000	770,000	2,517,000	2,992,000	30,562,000	30,645,000	34,615,000	37,587,000	42,805,000	48,526,000	48,709,000	58,437,000	56,981,000	58,170,000	54,142,000		52,900,000	51,051,000
total equity	1,693,461,000	1,649,921,000	1,597,307,000	1,538,000,000	1,496,769,000	1,494,209,000	1,480,759,000	1,413,429,000	1,368,029,000	1,347,054,000	1,275,609,000	1,251,876,000	1,204,684,000	1,182,720,000	1,062,089,000	1,079,958,000	1,050,230,000	1,039,166,000	1,000,562,000	994,461,000	990,817,000	978,496,000	962,266,000	956,685,000	921,658,000	912,801,000	911,092,000	900,338,000	898,328,000	913,170,000	904,569,000	913,513,000	918,066,000	918,447,000	865,295,000	855,128,000	844,754,000	831,408,000	825,474,000	819,381,000	802,772,000	767,463,000	762,066,000	746,047,000	753,983,000	728,045,000	739,494,000	720,261,000	709,739,000	581,204,000	587,831,000	565,815,000	587,448,000	593,841,000	586,001,000	569,967,000	568,878,000	564,446,000	559,756,000	576,079,000	552,615,000	518,462,000	495,943,000	473,454,000	476,169,000	458,439,000
total liabilities and equity	1,930,826,000	1,901,419,000	1,804,534,000	1,752,765,000	1,703,032,000	1,704,671,000	1,712,059,000	1,645,101,000	1,603,453,000	1,582,836,000	1,526,221,000	1,503,343,000	1,451,025,000	1,441,680,000	1,315,830,000	1,349,597,000	1,331,887,000	1,335,248,000	1,294,202,000	1,281,757,000	1,265,989,000	1,232,062,000	1,188,182,000	1,195,842,000	1,133,888,000	1,125,460,000	1,118,665,000	1,114,195,000	1,085,238,000	1,145,894,000	1,110,009,000	1,088,012,000	1,102,281,000	1,081,456,000	1,020,794,000	1,008,598,000	1,015,571,000	987,468,000	988,267,000	1,000,443,000	1,001,908,000	1,023,350,000	1,045,555,000	1,046,091,000	1,063,194,000	1,052,877,000	1,029,183,000	1,045,426,000	1,021,010,000	870,768,000	885,929,000	879,378,000	880,859,000	867,498,000	849,234,000	847,690,000	839,247,000	819,691,000	817,854,000
accounts receivable		199,490,000	195,921,000	190,875,000	195,977,000	188,438,000	200,830,000	199,926,000	197,523,000	203,607,000	194,927,000	206,128,000	214,464,000	220,692,000	198,147,000	206,495,000	190,259,000	170,673,000	174,447,000	151,190,000	143,923,000	139,708,000		146,843,000	135,035,000	141,720,000	134,454,000	134,369,000	123,371,000	131,066,000	120,515,000	118,727,000	124,331,000	104,638,000	105,320,000	91,812,000	91,150,000	86,025,000	92,636,000	107,494,000	104,330,000	99,936,000	110,056,000	104,701,000	97,634,000	99,183,000	94,515,000	102,899,000	97,654,000	72,046,000	73,357,000	82,573,000	82,715,000	74,291,000	75,685,000	82,522,000	89,123,000	84,092,000	85,540,000	97,654,000																				80,265,000	76,891,000	78,911,000	70,006,000	70,641,000	65,327,000	70,351,000	68,737,000	68,016,000	63,774,000	59,888,000	59,579,000	58,767,000	61,630,000	59,737,000	62,545,000
accumulated other comprehensive income															-98,456,000			10,565,000	20,571,000	24,882,000	35,192,000	32,029,000	17,958,000							343,000	-4,966,000	4,022,000	23,756,000	32,128,000	6,891,000	8,849,000	4,171,000						-10,573,000	-8,256,000	14,838,000	5,595,000	21,774,000	31,594,000	30,019,000	17,980,000	26,403,000	10,009,000	11,416,000	23,812,000	15,900,000	2,408,000	8,431,000	8,773,000	10,171,000	27,294,000	23,991,000	12,906,000	7,062,000		6,218,000						-17,501,000	35,563,000	37,357,000	37,414,000	44,817,000	42,101,000	38,137,000	37,693,000	33,072,000	32,609,000	33,296,000	29,977,000	13,850,000	18,862,000	22,316,000	18,918,000	12,166,000	2,511,000	4,523,000	7,170,000
accumulated other comprehensive (loss) income																-40,809,000	-22,919,000
intangible assets																			774,000	904,000	1,356,000	2,383,000	3,437,000	4,535,000	5,690,000	6,847,000	7,870,000	9,013,000	10,182,000	11,272,000	12,368,000	13,507,000	14,708,000	16,224,000	17,122,000	18,320,000	19,152,000	20,094,000	19,854,000	20,950,000	22,071,000	23,184,000	24,616,000	26,280,000	27,883,000	29,203,000	30,294,000	31,277,000	32,767,000	32,634,000	34,080,000	35,453,000	36,776,000	36,153,000	37,384,000	38,661,000	39,918,000	41,194,000	42,462,000	43,660,000	44,951,000	46,242,000	47,748,000	49,261,000	50,794,000	53,510,000																													121,217,000
short-term debt																							4,708,000	6,087,000	9,858,000	9,975,000	8,731,000	3,900,000		3,720,000
total photronics, inc. shareholders' equity																			823,692,000	817,892,000	821,392,000	815,502,000					769,892,000						783,380,000	777,433,000					710,363,000		693,284,000		646,555,000	628,771,000	637,706,000	617,109,000	628,050,000	609,938,000	603,121,000	580,434,000	585,314,000	562,823,000	556,886,000	563,196,000	551,386,000	532,380,000	526,073,000	515,920,000	511,047,000	517,642,000	495,634,000	460,292,000	441,801,000	420,586,000	423,269,000	407,388,000
see accompanying notes to consolidated financial statements.
treasury stock																					-23,250,000	-13,209,000		-16,894,000	-16,894,000	-11,000,000		-33,807,000	-33,807,000	-33,807,000	-23,111,000	-6,787,000
and 1,334 in 2019																							134,470,000
prepaid expenses																												10,439,000	8,531,000	4,575,000		9,100,000	7,542,000																															5,811,000
current portion of long-term borrowings																																	59,263,000	3,259,000	4,639,000	5,541,000	5,503,000	5,465,000	5,428,000	5,846,000	5,806,000	63,955,000	65,495,000	16,577,000	17,651,000	10,457,000	10,381,000	10,306,000	10,231,000	9,387,000	11,818,000	10,696,000	10,473,000	7,645,000	7,781,000	7,470,000	7,874,000	5,529,000	5,583,000	5,538,000	5,827,000	12,009,000	11,467,000	11,577,000	11,364,000	11,376,000	10,301,000	31,424,000	55,213,000	68,134,000	20,630,000	19,213,000	17,523,000	16,019,000	4,482,000	25,000,000	25,000,000		86,903,000
long-term borrowings																																		57,366,000	57,337,000	57,776,000	59,147,000	60,508,000	62,139,000	63,054,000	64,419,000	66,224,000	67,120,000	118,457,000	119,784,000	129,362,000	131,805,000	156,283,000	158,691,000	161,080,000	182,203,000	183,220,000	169,348,000	167,265,000	168,956,000	170,989,000	172,312,000	151,257,000	152,577,000	153,527,000	159,558,000	70,631,000	78,852,000	76,439,000	96,897,000	107,548,000	112,137,000	155,922,000	157,564,000	151,848,000	202,979,000	209,328,000	204,938,000	242,737,000	191,253,000	149,608,000	149,106,000	172,558,000	170,288,000
payables – related parties																																							2,743,000				8,840,000				8,716,000				9,211,000
investment in joint venture																																									92,911,000	92,931,000	93,021,000	93,040,000	93,059,000	93,078,000	93,122,000	93,141,000	93,085,000	93,104,000	93,124,000	93,030,000	93,050,000	93,086,000	93,252,000	93,271,000	85,831,000	80,365,000	79,984,000	72,504,000	72,001,000	65,773,000	61,127,000	60,914,000	60,901,000	60,923,000	60,945,000	60,930,000	61,065,000	65,776,000	65,737,000	70,595,000	70,506,000	70,345,000	67,900,000	65,646,000	64,553,000	64,459,000	64,365,000	65,505,000
and 4,235 in 2010																																																													98,510,000	80,672,000
2,000 shares authorized, none issued and outstanding
150,000 shares authorized, 58,539 shares issued and outstanding
at may 1, 2011 and 53,779 at october 31, 2010																																																													585,000
accumulated deficit																																																													-6,951,000		-2,624,000	-10,768,000	-18,460,000	-26,333,000
150,000 shares authorized, 53,865 shares issued and outstanding
at january 30, 2011 and 53,779 at october 31, 2010																																																														539,000
and 2,669 in 2009																																																															82,951,000	79,995,000	81,247,000	72,860,000
150,000 shares authorized, 53,779 shares issued and outstanding
at october 31, 2010, and 53,011 shares issued and outstanding
at november 1, 2009																																																															538,000
150,000 shares authorized, 53,515 shares issued and outstanding
at august 1, 2010 and 53,011 at november 1, 2009																																																																535,000
non-controlling interests																																																																52,868,000
150,000 shares authorized, 53,497 shares issued and outstanding
at may 2, 2010 and 53,011 at november 1, 2009																																																																	535,000
150,000 shares authorized, 53,281 shares issued and outstanding
at january 31, 2010 and 53,011 at november 1, 2009																																																																		533,000
and 2,788 in 2008																																																																			66,920,000	68,993,000	61,263,000	65,497,000
intangibles																																																																			55,054,000
liabilities and shareholders' equity
minority interest																																																																			49,941,000	49,695,000	48,799,000	48,608,000	49,616,000	53,710,000	53,362,000	49,887,000	49,465,000	48,914,000	47,474,000	47,942,000	45,997,000	44,782,000	44,662,000	43,496,000	45,817,000	55,547,000	62,045,000	59,712,000	64,724,000	61,222,000	57,625,000	55,320,000	52,808,000	51,504,000	48,877,000	47,617,000	44,971,000
shareholders' equity:
total shareholders' equity																																																																			399,755,000	346,009,000	359,296,000	357,685,000	382,782,000	434,872,000	641,531,000	642,957,000	654,284,000	650,226,000	643,163,000	627,691,000	614,282,000	602,551,000	597,654,000	588,448,000	561,875,000	556,888,000	377,155,000	361,396,000	349,473,000	330,935,000	323,974,000	319,603,000	308,329,000	297,209,000	292,141,000	340,517,000	339,115,000
other intangibles																																																																				56,715,000	58,486,000	61,098,000	62,386,000	63,937,000	65,763,000	67,532,000	68,835,000	70,004,000	70,917,000	70,409,000	71,763,000	77,134,000
see accompanying notes to condensed consolidated financial statements.
and 3,721 in 2007																																																																							68,095,000	71,595,000	79,034,000	72,077,000
goodwill																																																																									138,534,000	138,534,000	138,534,000	138,534,000	138,534,000	138,534,000	138,534,000	133,813,000	133,813,000	133,813,000	136,334,000	136,396,000	136,396,000	136,396,000	115,906,000	117,866,000	115,907,000
and 4,471 in 2006																																																																											68,248,000	72,527,000	76,543,000	76,478,000
deferred income taxes and other liabilities																																																																												16,509,000	23,683,000	23,289,000		25,844,000	18,848,000	16,635,000		50,175,000	52,720,000	52,534,000		54,544,000	56,101,000	56,611,000		46,050,000	43,724,000	44,396,000
and 2,475 in 2005																																																																															84,299,000
deferred compensation on restricted stock																																																																																-29,000	-170,000	-237,000	-34,000	-33,000	-25,000			-117,000	-176,000	-227,000		-52,000	-103,000	-116,000	-157,000
other accrued liabilities																																																																																47,348,000	40,447,000	35,046,000		29,796,000	26,930,000	25,814,000		29,323,000	29,590,000	28,410,000		31,961,000	38,583,000	29,651,000
150,000 shares authorized, 41,421 shares issued and outstanding
at july 30, 2006 and 41,304 shares issued and outstanding
at october 30, 2005																																																																																414,000	414,000	413,000
150,000 shares authorized, 41,405 shares issued and outstanding
at april 30, 2006 and 41,304 shares issued and outstanding
150,000 shares authorized, 41,386 shares issued and outstanding
at january 29, 2006 and 41,304 shares issued and outstanding
current portion of long-term debt and notes payable																																																																																			4,813,000				3,018,000				5,505,000				10,649,000
deferred income taxes and other current assets																																																																																				39,879,000	36,024,000	37,145,000		36,024,000	37,408,000	37,167,000		37,429,000	38,140,000	41,017,000
150,000 shares authorized, 41,213 shares issued and outstanding
at july 31, 2005 and 32,690 shares issued and outstanding
at october 31, 2004																																																																																				412,000	329,000	327,000
150,000 shares authorized, 32,873 shares issued and outstanding
at may 1, 2005 and 32,690 shares issued and outstanding
150,000 shares authorized, 32,735 shares issued and outstanding
at january 30, 2005 and 32,690 shares issued and outstanding
150,000 shares authorized, 32,608 shares issued and outstanding
at august 1, 2004 and 32,487 shares issued and outstanding
at november 2, 2003																																																																																								326,000	326,000	325,000
150,000 shares authorized, 32,576 shares issued and outstanding
at may 2, 2004 and 32,487 shares issued and outstanding
goodwill and other intangibles																																																																																										118,412,000
150,000 shares authorized, 32,520 shares issued and outstanding
at february 1, 2004 and 32,487 shares issued and outstanding
goodwill and other intangible assets																																																																																											118,892,000
intangible and other assets																																																																																												138,859,000	140,334,000	137,529,000
150,000 shares authorized, 32,114 shares issued and outstanding
at august 3, 2003 and 32,033 shares issued and outstanding
at november 3, 2002																																																																																												321,000	321,000	320,000
150,000 shares authorized, 32,082 shares issued and outstanding
at may 4, 2003 and 32,033 shares issued and outstanding
short term investments																																																																																														15,645,000
150,000 shares authorized, 32,041 shares issued and outstanding
at february 2, 2003 and 32,033 shares issued and outstanding
150,000 shares authorized, 32,033 shares issued and outstanding
at november 3, 2002 and 30,276 shares issued and outstanding
at october 31, 2001																																																																																															320,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-05-03	2026-02-01	2025-10-31	2025-05-04	2025-02-02	2024-07-28	2024-04-28	2024-01-28	2023-07-30	2023-04-30	2023-01-29	2022-10-31	2022-07-31	2022-05-01	2022-01-30	2021-10-31	2021-08-01	2021-05-02	2021-01-31	2020-10-31	2020-08-02	2020-05-03	2020-02-02	2019-10-31	2019-07-28	2019-04-28	2019-01-27	2018-10-31	2018-07-29	2018-04-29	2018-01-28	2017-10-29	2017-07-30	2017-04-30	2017-01-29	2016-10-30	2016-07-31	2016-05-01	2016-01-31	2015-11-01	2015-08-02	2015-05-03	2015-02-01	2014-10-30	2014-08-03	2014-05-04	2014-02-02	2013-11-03	2013-07-28	2013-04-28	2013-01-27	2012-10-28	2012-07-29	2012-04-29	2012-01-29	2011-10-30	2011-07-31	2011-05-01	2011-01-30	2010-10-31	2010-08-01	2010-05-02	2010-01-31	2009-11-01	2009-08-02	2009-05-03	2009-02-01	2008-11-02	2008-07-27	2008-04-27	2008-01-27	2007-10-28	2007-07-29	2007-04-29	2007-01-28	2006-10-29	2006-07-30	2006-04-30	2006-01-29	2005-10-30	2005-07-31	2005-05-01	2005-01-30	2004-10-31	2004-08-01	2004-05-02	2004-02-01	2003-11-02	2003-08-03	2003-05-04	2003-02-02

cash flows from operating activities:
net income	43,250,000	60,177,000	78,621,000	11,500	27,500	22,800,000	26,000,000	18,100,000	21,500,000	59,273,000	28,950,000	55,264,000	49,223,000	43,029,000	31,726,000	28,631,000	24,355,000	16,321,000	9,509,000	8,579,000	12,864,000	7,972,000	10,928,000	13,037,000	9,834,000	9,852,000	7,768,000	16,769,000	19,797,000	15,189,000	9,481,000	10,496,000	4,799,000	1,484,000	4,510,000	6,570,000	11,453,000	14,152,000	23,501,000	22,150,000	15,411,000	12,156,000	7,142,000	-5,128,000	7,344,000	15,951,000	2,041,000	4,911,000	6,364,000	5,442,000	2,859,000	4,217,000	11,267,000	9,530,000	4,841,000	9,035,000	12,622,000	-15,033,000	13,584,000	8,462,000	7,607,000	8,605,000	408,000					236,000	-205,592,000	-2,069,000	-3,340,000	362,000	2,238,000	14,066,000	7,857,000	9,819,000	4,555,000	5,265,000	9,693,000	8,739,000	14,795,000	10,574,000	4,545,000	7,899,000	8,440,000	5,985,000	2,142,000		1,272,000	-44,070,000	-8,487,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	20,010,000	19,802,000								19,980,000	19,105,000		19,805,000	20,595,000	20,810,000		22,184,000	23,397,000	23,724,000		23,224,000	23,270,000	24,626,000		21,872,000	19,734,000	18,781,000		20,056,000	22,066,000	22,363,000		21,703,000	21,413,000	20,965,000		19,639,000	20,204,000	20,628,000		21,147,000	19,464,000	20,854,000		21,630,000	18,883,000	17,899,000		17,591,000	18,333,000	19,157,000		20,875,000	21,468,000	22,667,000		23,623,000	23,278,000	23,189,000		21,923,000	23,439,000	22,424,000		22,392,000	20,302,000	21,725,000		28,514,000	26,559,000	24,721,000		24,394,000	25,457,000	22,383,000		22,673,000	22,587,000	22,334,000		21,439,000	21,789,000	21,178,000		21,582,000	21,330,000	21,115,000		20,551,000	21,006,000	22,570,000
share-based compensation	3,725,000	2,851,000	3,385,000							2,009,000	1,821,000	1,685,000	1,582,000	1,584,000	1,457,000	1,314,000	1,311,000	1,422,000	1,301,000	1,154,000	1,197,000	1,220,000	1,356,000
changes in assets and liabilities:
accounts receivable	11,446,000	-2,543,000	-6,069,000							1,613,000	-7,565,000	-6,034,000	-20,077,000	-28,391,000	3,269,000	-22,766,000	-8,199,000	-3,644,000	-2,011,000	16,462,000	-9,463,000	6,686,000	-6,699,000	1,864,000	-11,890,000	7,038,000	-9,333,000	-3,456,000	1,879,000	-21,668,000	4,692,000	-13,656,000	-173,000	-2,595,000	6,799,000	14,871,000	-2,563,000	-676,000	7,175,000	-8,071,000	-9,500,000	3,644,000	-7,888,000	-327,000	-5,031,000	3,592,000	-40,000	10,894,000	-408,000	-9,996,000	1,910,000	8,866,000	5,153,000	-4,116,000	1,287,000	8,526,000	1,048,000	-15,519,000	4,139,000	-933,000	499,000	-7,569,000	-5,349,000	2,956,000	-6,199,000	5,799,000	153,000	-4,189,000	7,146,000	-5,761,000	-4,506,000	3,040,000	6,357,000	15,000	8,958,000	-4,083,000	-1,551,000	2,773,000	-6,300,000	3,942,000	-7,162,000	5,736,000	1,037,000	624,000	-4,458,000	-4,212,000	751,000	-44,000	3,261,000	-2,584,000	4,083,000
inventories	-5,268,000	-982,000	1,152,000							-3,610,000	1,705,000	-3,609,000	6,651,000	1,939,000	-7,020,000	-2,086,000	2,807,000	171,000	2,095,000	-783,000	2,834,000	-7,554,000	-1,435,000	-8,005,000	-5,636,000	-7,134,000	-2,313,000	2,224,000	-621,000	-5,380,000	-2,385,000	1,873,000	-969,000	-307,000	-1,199,000	2,472,000	52,000	-1,911,000	1,655,000	-1,079,000	-829,000	1,013,000	-1,998,000	25,439,000	-1,663,000	-660,000	-1,016,000	-376,000	548,000	-66,000	-997,000	5,644,000	-2,583,000	1,239,000	383,000	7,652,000	-2,746,000	-6,151,000	-5,299,000	-714,000	1,222,000	151,000	-743,000	907,000	1,448,000	2,280,000	-1,524,000	-1,586,000	1,344,000	-3,273,000	893,000	-2,116,000	2,961,000	-2,185,000	3,348,000	3,899,000	4,839,000	-4,064,000	-1,372,000	-1,626,000	1,414,000	-1,005,000	-455,000	-2,703,000	-603,000	852,000	1,206,000	2,404,000	893,000	1,374,000	1,525,000
other current assets	221,000	-2,187,000	3,292,000							14,442,000	-13,060,000	543,000	11,519,000	-4,128,000	-6,730,000	-1,192,000	-3,689,000	-7,767,000	-824,000	20,230,000	-5,494,000	-11,611,000	4,724,000	775,000	-3,292,000	15,968,000	-22,082,000	-2,401,000	336,000	-10,098,000	432,000	-1,523,000	547,000	444,000	1,659,000	-1,241,000	6,082,000	-94,000	3,189,000	-4,053,000	1,489,000	4,551,000	-4,544,000	5,373,000	-1,487,000	3,950,000	-806,000	3,796,000	-4,968,000	1,323,000	-2,895,000	596,000	23,000	-156,000	-542,000	1,377,000	-2,654,000	1,140,000	360,000	2,867,000	-4,791,000	5,841,000	-4,642,000	1,320,000	-517,000	3,484,000	-1,200,000	-1,986,000	-2,151,000	820,000	-1,093,000	3,297,000	-3,172,000	45,000	7,358,000	-2,758,000	-982,000	-313,000	-3,219,000	6,223,000	-3,414,000	950,000	-2,991,000	1,064,000	-1,173,000	3,339,000	-2,820,000	9,157,000	-346,000	4,373,000	-3,365,000
accounts payable, accrued liabilities, and other	-26,354,000	20,136,000								-11,710,000	-3,276,000		23,929,000	9,531,000	15,618,000		16,108,000	2,032,000	-7,507,000		-8,221,000	10,555,000	-2,715,000		14,903,000	-28,459,000	-12,107,000		7,602,000	6,937,000	-3,721,000		975,000	-5,071,000	-1,195,000				-3,975,000				8,734,000				-3,881,000				-1,369,000				5,167,000			11,116,000	5,682,000			-8,060,000	4,317,000				-2,878,000				-5,955,000
net cash from operating activities	47,030,000	97,254,000	87,824,000	109,900	78,500	193,100,000	118,000,000	41,500,000	195,600,000	81,997,000	27,680,000	79,266,000	92,632,000	44,159,000	59,130,000	37,676,000	54,877,000	31,932,000	26,287,000	64,782,000	16,941,000	30,538,000	30,785,000	44,882,000	25,791,000	16,999,000	-19,286,000	43,610,000	49,049,000	7,046,000	30,862,000	23,044,000	26,882,000	15,368,000	31,539,000	30,750,000	26,248,000	21,751,000	43,388,000	41,368,000	33,920,000	35,607,000	22,300,000	74,715,000	21,939,000	25,702,000	14,197,000	31,847,000	31,620,000	17,269,000	18,665,000	25,025,000	45,125,000	28,364,000	34,035,000	32,102,000	40,461,000	22,335,000	41,655,000	21,742,000	40,414,000	17,348,000	16,415,000	26,541,000	15,258,000	18,360,000	7,989,000	26,163,000	30,814,000	23,428,000	11,675,000	40,619,000	22,529,000	52,945,000	18,600,000	36,301,000	29,743,000	38,792,000	11,363,000	37,906,000	46,372,000	31,035,000	27,254,000	44,765,000	40,246,000	25,907,000	15,298,000	41,414,000	23,727,000	24,873,000	-6,782,000
capital expenditures	-45,801,000	-47,635,000	-67,549,000	0	0	0	0	-43,300,000	-78,800,000	-26,631,000	-31,097,000	-66,001,000	-11,528,000	-15,634,000	-19,175,000	-16,798,000	-18,785,000	-55,984,000	-17,532,000	-34,122,000	-6,566,000	-16,320,000	-13,807,000	-18,226,000	-19,713,000	-33,511,000	-106,925,000	-28,213,000	-20,243,000	-33,134,000	-10,995,000	-53,206,000	-24,607,000	-4,552,000	-9,600,000	-5,319,000	-9,900,000	-13,389,000	-21,539,000	-23,926,000	-12,172,000	-27,564,000	-40,371,000	-23,843,000	-15,893,000	-30,201,000	-12,184,000	-16,511,000	-15,415,000	-16,327,000	-15,539,000	-4,969,000	-24,383,000	-68,966,000	-12,968,000	-23,032,000	-19,835,000	-20,134,000	-19,120,000	-33,341,000	-7,037,000	-9,546,000	-21,457,000	-5,128,000	-13,662,000	-10,924,000	-23,993,000	-10,184,000	-31,027,000	-13,945,000	-28,451,000	-37,181,000	-2,423,000	-47,377,000	9,329,000	-11,205,000	-23,277,000	-32,108,000	-15,471,000	-32,232,000	0	-13,229,000	-18,543,000	0	-21,883,000	-20,213,000	-10,740,000	0	-17,107,000	-8,296,000	-9,342,000
free cash flows	1,229,000	49,619,000	20,275,000	109,900	78,500	193,100,000	118,000,000	-1,800,000	116,800,000	55,366,000	-3,417,000	13,265,000	81,104,000	28,525,000	39,955,000	20,878,000	36,092,000	-24,052,000	8,755,000	30,660,000	10,375,000	14,218,000	16,978,000	26,656,000	6,078,000	-16,512,000	-126,211,000	15,397,000	28,806,000	-26,088,000	19,867,000	-30,162,000	2,275,000	10,816,000	21,939,000	25,431,000	16,348,000	8,362,000	21,849,000	17,442,000	21,748,000	8,043,000	-18,071,000	50,872,000	6,046,000	-4,499,000	2,013,000	15,336,000	16,205,000	942,000	3,126,000	20,056,000	20,742,000	-40,602,000	21,067,000	9,070,000	20,626,000	2,201,000	22,535,000	-11,599,000	33,377,000	7,802,000	-5,042,000	21,413,000	1,596,000	7,436,000	-16,004,000	15,979,000	-213,000	9,483,000	-16,776,000	3,438,000	20,106,000	5,568,000	27,929,000	25,096,000	6,466,000	6,684,000	-4,108,000	5,674,000	46,372,000	17,806,000	8,711,000	44,765,000	18,363,000	5,694,000	4,558,000	41,414,000	6,620,000	16,577,000	-16,124,000
cash flows from investing activities:
purchases of property, plant and equipment	-45,801,000	-47,635,000	-67,549,000							-26,631,000	-31,097,000	-66,001,000	-11,528,000	-15,634,000	-19,175,000	-16,798,000	-18,785,000	-55,984,000	-17,532,000	-34,122,000	-6,566,000	-16,320,000	-13,807,000	-18,226,000	-19,713,000	-33,511,000	-106,925,000	-28,213,000	-20,243,000	-33,134,000	-10,995,000	-53,206,000	-24,607,000	-4,552,000	-9,600,000	-5,319,000	-9,900,000	-13,389,000	-21,539,000	-23,926,000	-12,172,000	-27,564,000	-40,371,000	-23,843,000	-15,893,000	-30,201,000	-12,184,000	-16,511,000	-15,415,000	-16,327,000	-15,539,000	-4,969,000	-24,383,000	-49,499,000	-18,127,000	-23,032,000	-19,835,000	-20,134,000	-19,120,000	-33,341,000	-7,037,000	-9,546,000	-21,457,000	-5,128,000	-9,492,000	-7,586,000	-12,789,000	-10,184,000	-16,874,000	-12,135,000	-65,932,000	-37,181,000	-19,605,000	-31,745,000	-5,601,000	-11,205,000	-26,869,000	-28,037,000	-28,535,000	-32,232,000
purchases of short-term investments	-69,220,000	-36,611,000	-33,078,000																																																																			-53,000	-253,000					-17,599,000	-32,164,000	-27,126,000	-5,693,000
proceeds from maturities of short-term investments	30,306,000	41,483,000	34,675,000
proceeds from sales of short-term investments																																																																											38,400,000
government incentives	0	2,567,000	689,000							379,000	1,014,000	2,221,000	0			0	0	5,378,000	397,000	0	3,000	2,843,000	2,417,000	9,309,000	11,996,000	669,000	5,029,000
other	8,000	-80,000		700	500	500,000	400,000	500,000	500,000	-1,000	-87,000	204,000	20,000	-156,000	-43,000			-96,000	-61,000	-109,000	0	0	-139,000	85,000	-1,000	-42,000	19,000	1,621,000	17,000	570,000	-134,000	424,000	4,000	-66,000	-396,000	13,000	391,000	0	193,000	782,000	-65,000	-261,000	43,000	8,576,000	151,000	-977,000	67,000	2,358,000	192,000	-1,779,000	-1,043,000	50,000	-18,000	2,000	-1,602,000		0				4,000	41,000	30,000					-2,840,000	-452,000	-427,000	-71,000	958,000													0	-30,000	638,000	3,088,000	112,000	-878,000	-60,000
net cash from investing activities	-77,614,000	-40,276,000	-65,300,000	-80,800	6,800	-142,100,000	-114,700,000	-42,200,000	-64,200,000	-32,090,000	-30,170,000	-102,635,000	-11,508,000	-14,396,000	-19,218,000	-16,798,000	-18,798,000	-50,702,000	-17,196,000	-34,142,000	-6,563,000	-13,477,000	-11,529,000	-8,927,000	-7,718,000	-32,884,000	-101,877,000	-26,810,000	-20,226,000	-32,564,000	-11,129,000			-4,451,000	-15,396,000	-5,319,000	83,559,000	-13,389,000	-12,561,000	-23,915,000	-12,237,000	-27,825,000	-40,328,000	-46,208,000	-15,742,000	-24,972,000	-13,815,000	-16,326,000	-15,223,000	-18,106,000	-16,582,000	-4,919,000	-31,899,000	-54,996,000	-20,129,000	-30,625,000	-22,110,000	-24,883,000	-23,119,000	-33,340,000	-5,754,000	-644,000	-18,474,000	-807,000	-9,437,000	-2,503,000	-11,931,000	-4,927,000	-16,889,000	-8,701,000	-68,718,000	-20,314,000	-25,552,000	-21,638,000	37,810,000	-2,539,000	-148,718,000	-13,923,000	-36,023,000	-58,946,000	-70,579,000	-51,011,000	-4,987,000	-3,991,000	-21,883,000	-20,431,000	-101,323,000	-12,381,000	-16,995,000	-9,174,000	-9,402,000
cash flows from financing activities:
repayments of debt	-2,000	-3,000	-3,000							-5,502,000	-9,218,000	-13,523,000	-24,346,000	-12,379,000	-15,192,000	-7,041,000	-4,675,000	-840,000	-7,796,000	-1,463,000			-389,000	0
common stock repurchases			0
proceeds from share-based arrangements	464,000	752,000	111,000							58,000	672,000	244,000	1,121,000	544,000	3,840,000	1,623,000	1,071,000	415,000	765,000	370,000	446,000	537,000	2,886,000	757,000	281,000	383,000	650,000	606,000	252,000	2,978,000	798,000	301,000	218,000	1,198,000	1,113,000	291,000	126,000	983,000	2,063,000	276,000	1,180,000	427,000	768,000	-215,000	155,000	370,000	518,000	169,000	127,000	385,000	203,000
net settlements of restricted stock awards			-81,000							-84,000	-1,168,000	-8,000	-11,000	6,000	-1,458,000		-32,000
net cash from financing activities	-1,170,000	749,000	27,000	-95,100	-20,500	-6,400,000	-4,700,000	-2,900,000	-16,400,000	-5,528,000	-9,714,000	-13,287,000	-23,236,000	-1,831,000	-335,000	-27,548,000	-7,717,000	-4,288,000	-14,350,000	-20,103,000	9,464,000	2,240,000	-7,611,000	-27,785,000	13,729,000	-49,384,000	21,381,000	-16,433,000	-10,108,000	1,582,000	11,154,000	-1,069,000	-9,452,000	-161,000	-246,000	-2,009,000	-13,089,000	-51,550,000	-374,000	-2,151,000	-1,316,000	-2,033,000	-1,599,000	81,847,000	-2,258,000	-1,718,000	-23,346,000	-3,902,000	-28,981,000	-1,319,000	-5,642,000	-5,456,000	-5,293,000	16,964,000	-1,651,000	-7,112,000	-2,977,000	71,801,000	-7,187,000	2,302,000	-20,093,000	-11,267,000	-3,398,000	-23,959,000	-3,405,000	-7,618,000	-5,520,000	-6,381,000	-3,929,000	-37,643,000	294,000	2,252,000	-8,906,000	1,806,000	-84,972,000	4,881,000	3,371,000	5,616,000	-322,000	-14,806,000	167,350,000	-10,344,000	-43,650,000	-40,338,000	-9,376,000	-1,690,000	-1,928,000	-8,475,000	-55,627,000	135,694,000	-7,456,000
effects of exchange rate changes on cash, cash equivalents, and restricted cash	-807,000	-5,915,000	-9,901,000							-11,878,000	27,499,000	-24,704,000	-6,391,000	-12,860,000	-2,057,000	101,000				7,500,000
net change in cash, cash equivalents, and restricted cash			12,650,000
cash, cash equivalents, and restricted cash at beginning of period	0	495,113,000								0	322,409,000		0	0	279,680,000		0	0	281,602,000		0	0	209,291,000		0	0	331,989,000
cash, cash equivalents, and restricted cash at end of period	-32,561,000	546,925,000								32,501,000	337,704,000		51,497,000	15,072,000	317,200,000		27,278,000	-22,567,000	281,538,000		22,853,000	19,627,000	221,085,000		30,165,000	-65,387,000	235,168,000
less: ending restricted cash	82,000	2,792,000	-85,000							-192,000	2,912,000	-207,000	-54,000	-15,000	3,005,000
cash and cash equivalents at end of period	-32,643,000	544,133,000								32,693,000	334,792,000		51,551,000	15,087,000	314,195,000														11,493,000	-27,314,000	348,560,000		-5,152,000	16,028,000	329,696,000		97,691,000	-37,466,000	231,444,000		15,512,000	7,440,000	168,610,000		4,510,000	2,600,000	189,228,000		-13,281,000	-7,219,000	217,771,000		5,335,000	-9,840,000	201,800,000		16,733,000	73,389,000	112,723,000		12,617,000	7,009,000	84,401,000		4,043,000	9,979,000	71,509,000		10,067,000	-22,026,000	89,129,000		-11,734,000	31,154,000	100,636,000		-117,643,000	32,042,000	170,840,000		142,023,000	-27,238,000	118,606,000		8,354,000	5,824,000	127,702,000		-48,322,000	151,632,000	91,640,000
supplemental disclosure of non-cash information:
accruals for property, plant and equipment purchased not yet paid	11,772,000	20,359,000
net increase in cash, cash equivalents, and restricted cash		51,812,000								32,501,000	15,295,000	-61,360,000	51,497,000	15,072,000	37,520,000	-6,569,000	27,278,000	-22,567,000	-64,000	18,037,000	22,853,000	19,627,000	11,794,000	9,345,000	30,165,000	-65,387,000	-96,821,000
depreciation and amortization of property, plant and equipment
amortization of intangible assets
deferred income taxes
changes in assets, liabilities, and other:
accounts payable, accrued liabilities and other																																				-14,303,000	-8,260,000			4,383,000	6,202,000			3,756,000	1,146,000			-8,948,000	12,493,000			-17,042,000	10,390,000			-20,092,000				-12,505,000
purchases of intangible assets																0
cash, cash equivalents, and restricted cash at beginning of year
cash, cash equivalents, and restricted cash at end of year
cash and cash equivalents at end of year
accruals for property, plant and equipment not yet paid
expected refundable federal investment tax credit
revenue				100,000	100,000	100,000,000	100,000,000	100,000,000	100,000,000
cost of goods sold				63,100	64,400	64,400,000	63,500,000	63,400,000	61,300,000
gross profit				36,900	35,600	35,600,000	36,500,000	36,600,000	38,700,000
operating expenses:
selling, general, and administrative				8,600	9,000	9,200,000	8,800,000	8,500,000	8,000,000
research and development				1,900	2,000	1,700,000	2,000,000	1,600,000	1,600,000
operating income				26,400	24,600	24,700,000	25,800,000	26,600,000	29,100,000
other income				-12,200	11,800
income before income tax provision				14,200	36,400	29,500,000	35,300,000	24,800,000	28,700,000
income tax provision				2,700	8,900	6,700,000	9,300,000	6,800,000	7,200,000
net income attributable to noncontrolling interests				7,300	7,300	6,500,000	9,300,000	6,000,000	9,500,000
net income attributable to photronics, inc. shareholders				4,200	20,200	16,300,000	16,700,000	12,100,000	12,000,000
ic
high-end*				59,300		49,500,000	58,000,000
mainstream				96,600	93,900	106,400,000	102,900,000	96,700,000	117,800,000
total ic				155,900	154,000	155,900,000	160,900,000	157,600,000	163,100,000
fpd
total fpd				55,100	58,200	55,100,000	56,100,000	58,700,000	61,100,000
total revenue				211,000	212,100	211,000,000	217,000,000	216,300,000	224,200,000
taiwan				75,100	73,000	68,200,000	75,400,000	75,000,000	81,600,000
china				58,700	53,600	55,300,000	58,700,000	58,100,000	62,000,000
south korea				37,600	40,200
united states				30,700	36,900	38,800,000	33,300,000	32,700,000	29,700,000
europe				8,200	7,900	9,800,000	9,900,000	9,700,000	9,600,000
gross margin				36,900	35,600	35,600,000	36,500,000	36,600,000	38,700,000
foreign currency transactions impact				-31,100	18,400	4,100,000	14,800,000	-8,900,000	-4,500,000
interest expense						-100,000	-100,000	-100,000	-100,000
interest income and other income				5,300	6,600	6,100,000	5,800,000	5,300,000	3,700,000
effective income tax rate				19,100	24,500	22,700,000	26,400,000	27,300,000	25,000,000
reconciliation of u.s. gaap to non-gaap net income:
u.s. gaap net income attributable to photronics, inc. shareholders				8,861,000	42,851,000
fx gain				31,111,000
estimated tax effects of above				-8,337,000	5,152,000		3,743,000,000	-2,244,000,000	-1,200,000
estimated noncontrolling interest effects of above				-7,376,000	2,823,000	681,000,000	3,489,000,000	-2,939,000,000	1,300,000
non-gaap net income attributable to photronics, inc. shareholders				24,259,000	32,383,000	31,915,000,000
weighted-average number of common shares outstanding - diluted				60,974,000	62,661,000	62,414,000,000	62,409,000,000		61,974,000,000
reconciliation of u.s. gaap to non-gaap eps:
u.s. gaap diluted earnings per share				150	680
effects of the above non-gaap adjustments				250	-160
non-gaap diluted earnings per share				400	520	510,000	460,000	480,000	510,000
item 3.
item 4.
part ii.
item 1.
item 1a.
item 2.
february 3, 2025 – march 2, 2025
march 3, 2025 – march 30, 2025				2,262,912,000
march 31, 2025 – may 4, 2025				1,352,287,000
total				3,615,199,000	195,079,000				3,222,000,000
item 5.
item 6.
exhibit number
10.1
31.1
31.2
32.1
32.2
101.ins
101.sch
101.cal
101.def
101.lab
101.pre
104
photronics, inc.
by:
eric rivera
executive vice president, chief financial officer
high-end *					60,100			60,900,000	45,300,000
fx loss					-18,443,000	-4,068,000,000	-14,766,000,000	8,909,000,000	4,500,000
november 1, 2024 – december 1, 2024
december 2, 2024 – december 29, 2024
december 30, 2024 – february 2, 2025					195,079,000
date:
purchases of treasury stock												0	0	0	-2,522,000	-12,499,000
contributions from noncontrolling interests
other operating income						4,800,000	9,500,000	-1,700,000
korea						38,400,000	39,300,000	40,300,000	40,800,000
non-operating income						10,100,000	20,500,000	-3,700,000	-900,000
reconciliation of gaap to non-gaap net income:
gaap net income attributable to photronics, inc. shareholders						34,388,000,000
estimated tax effects of fx loss						914,000,000		-2,244,000,000	-1,200,000
reconciliation of gaap to non-gaap earnings per share:
gaap diluted earnings per share						550,000	580,000	420,000	440,000
effects of non-gaap adjustments above						-40,000
april 29, 2024 – may 26, 2024
may 27, 2024 – june 23, 2024
june 24, 2024 – july 28, 2024
gaap net income							36,251,000,000	26,180,000,000	27,000,000
non-gaap net income							28,717,000,000	29,906,000,000	31,600,000
reconciliation of gaap to non-gaap eps:
effects of the above adjustments							-120,000	60,000	70,000
net cash							472,100,000	485,000,000	421,800,000
cash and cash equivalents							493,900,000	508,500,000	448,500,000
current portion of long-term debt							-19,300,000	-20,800,000	-6,600,000
long-term debt							-2,500,000	-2,700,000	-20,100,000
january 29, 2024 – february 25, 2024
february 26, 2024 – march 24, 2024
march 25, 2024 – april 28, 2024
chief financial officer
corporate controller
date: june 6, 2024
reconciliation of gaap to non-gaap non-operating income:
gaap non-operating income								-3,747,000,000	-900,000
non-gaap non-operating income								5,162,000,000	3,600,000
reconciliation of gaap to non-gaap income tax provision:
gaap income tax provision								14,660,000,000	16,100,000
non-gaap income tax provision								16,904,000,000	17,300,000
reconciliation of gaap to non-gaap noncontrolling interests:
gaap noncontrolling interests								12,902,000,000
non-gaap noncontrolling interests								15,841,000,000
weighted-average number of common shares outstanding – diluted								62,283,000,000
free cash flow								-1,800,000	116,800,000
purchases of property, plant, and equipment								-43,300,000	-78,800,000
november 1, 2023 – november 26, 2023
november 27, 2023 – december 24, 2023
december 25, 2023 – january 28, 2024
purchases of available-for-sale debt securities
proceeds from maturities of available-for-sale debt securities
dividends paid to noncontrolling interests																										0	-26,102,000					0				0
proceeds from long-term debt
accruals for property, plant and equipment purchased during year
other operating expense									-400,000
reconciliation of gaap to non-gaap noncontrolling interest:
gaap noncontrolling interest									21,300,000
non-gaap noncontrolling interest									20,000,000
may 1, 2023 – may 28, 2023									2,943,000,000
may 29, 2023 – june 25, 2023
june 26, 2023 – july 30, 2023									279,000,000
john p. jordan
executive vice president,
date: september 6, 2023
contribution from noncontrolling interest														9,998,000	14,997,000						9,996,000				0	0	29,394,000		5,999,000	0	11,998,000
accruals for property, plant and equipment purchased during the period										2,389,000	12,031,000		-179,000	-1,355,000	7,092,000
contributions from noncontrolling interest
supplemental disclosures of non-cash information:
proceeds from debt																0	8,419,000	6,234,000	6,205,000	14,641,000	4,559,000	0	1,140,000	1,406,000	13,594,000	11,453,000	28,180,000
accrual for property, plant and equipment purchased during year
purchase of treasury stock																		-10,041,000	-13,209,000		0	-5,894,000	-11,000,000		0	0	-10,696,000	-16,324,000
effect of exchange rate changes on cash, cash equivalents, and restricted cash																		491,000	5,195,000			326,000	149,000		-1,637,000	-118,000	2,961,000
accrual for property, plant and equipment purchased during the period																		15,595,000	4,938,000		31,465,000	1,380,000	1,511,000		2,561,000	-13,243,000	30,697,000		-3,359,000	8,773,000	1,544,000		-8,837,000	9,380,000	2,029,000		3,872,000	-1,949,000	5,246,000		-8,450,000	-5,428,000	54,510,000		45,913,000	-49,453,000	34,335,000		60,074,000	-48,844,000	16,342,000
dividends paid to noncontrolling interest
accrual for property, plant and equipment purchased with funds receivable from government incentives																									-1,716,000	1,603,000	11,799,000
subsidiary dividend payable																									-77,000
repayments of long-term debt																																																																															-632,000		-7,000	-11,975,000	-44,218,000		-9,565,000	-2,761,000	-2,082,000		-55,953,000	-9,734,000	-7,533,000
supplemental disclosure information:
proceeds from sales of investments																																				0
acquisition of business																																0	0	0	-5,400,000
contribution from noncontrolling interests
gains on sales of investments																																				0
return of capital to noncontrolling interests
effects of exchange rate changes on cash and cash equivalents
net increase in cash and cash equivalents																												-3,462,000	11,493,000	-27,314,000	40,539,000	-32,551,000	-5,152,000	16,028,000	15,622,000	22,405,000			25,577,000									18,344,000	-13,281,000	-7,219,000	-272,000	20,748,000	5,335,000	-9,840,000	11,872,000	-12,917,000	16,733,000	73,389,000	13,778,000	-5,082,000	12,617,000			3,008,000												44,186,000	-117,643,000			-37,342,000				420,000	8,354,000			19,827,000	-48,322,000
cash and cash equivalents at beginning of year
conversion of debt to common stock
proceeds from sale of investment																																	0					0	8,785,000
dividend paid to noncontrolling interest
repayments of long-term borrowings																													-1,399,000	-1,390,000	-1,381,000	-1,371,000	-1,362,000	-1,352,000	-1,343,000	-1,333,000	-1,325,000	-52,514,000	-2,437,000	-2,419,000	-2,401,000	-2,384,000	-2,367,000	-36,675,000	-2,332,000	-1,546,000	-23,554,000	-3,324,000	-1,671,000	-1,664,000	-1,655,000	-1,647,000	-1,303,000	-1,344,000	-999,000	-662,000	-3,142,000	-35,957,000	-24,346,000	-10,644,000	-21,986,000	-33,052,000	-7,250,000	-122,499,000	-28,453,000	-7,282,000	-3,607,000	-3,541,000	-3,477,000	-168,414,000	-577,000	3,000	0	0	-87,087,000
effect of exchange rate changes on cash and cash equivalents																													-7,222,000	-3,378,000	9,652,000		2,021,000	5,272,000	-275,000		973,000	5,722,000	-4,876,000		-4,855,000	1,691,000	-4,692,000		571,000				-697,000
cash and cash equivalents at beginning of period																													0	0	308,021,000		0	0	314,074,000		0	0	205,867,000		0	0	192,929,000		0	0	215,615,000		0	0	218,043,000		0	0	189,928,000		0	0	98,945,000		0	0	88,539,000		0	0	83,763,000		0	0	146,049,000		0	0	129,425,000		0	0	196,049,000		0	0	142,300,000		0	0	214,777,000		0	0	113,944,000
gain on sale of investment																																						0	-8,785,000
net cash (used in) provided by investing activities
amortization of deferred financing costs and intangible assets
gain on acquisition																																													0
cash from acquisition																																													0
payments of deferred financing fees																																													-27,000			0	0			0	0				-173,000				-169,000				-2,068,000	-336,000	-1,913,000
noncash net assets from acquisition																																													0
supplemental disclosure of noncash information:
net decrease in cash and cash equivalents																																									15,512,000	7,440,000	-24,319,000				-26,387,000																-4,138,000			9,979,000	-12,254,000				-56,920,000				-28,789,000				-25,209,000			-27,238,000	-23,694,000
purchase of common stock of subsidiary																																																-747,000
capital lease obligation for purchases of property, plant and equipment																																																																					0	0	61,662,000
adjustments to reconcile net incometo net cash from operating activities:
increase in restricted cash																																															-1,698,000															0	-1,250,000
consolidation, restructuring and related charges																																																				0	0	30,000	232,000					0	0					406,000	1,680,000										1,790,000												0
investment in joint venture																																																				0	-7,498,000	-5,499,000	-400,000	-7,498,000	-2,275,000	-4,499,000	-3,999,000										0	0	-2,598,000
proceeds from long-term borrowings																																																				0	0			0	0	0	17,000,000	13,000,000	2,058,000	22,800,000	3,822,000	908,000				0	7,500,000	131,198,000	942,000	934,000	0	1,443,000	1,926,000
deposit related to facility purchase																																																				0	0
assets
current assets:
accounts receivable, net of allowance of 4,055 in 2011and 4,235 in 2010
total current assets
property, plant and equipment
intangible assets
other assets
total assets
liabilities and equity
current liabilities:
current portion of long-term borrowings
accounts payable
accrued liabilities
total current liabilities
long-term borrowings
other liabilities
total liabilities
commitments and contingencies
equity:
preferred stock, 0.01 par value, 2,000 shares authorized, none issued and outstanding
common stock, 0.01 par value, 150,000 shares authorized, 59,651 shares issued and outstanding at october 30, 2011, and 53,779 shares issued and outstanding at october 31, 2010
additional paid-in capital
retained earnings
accumulated other comprehensive income
total photronics, inc. shareholders' equity
noncontrolling interests
total equity
total liabilities and equity
photronics, inc. and subsidiaries
consolidated statements of operations
net sales
cost and expenses:
cost of sales
selling, general and administrative
consolidation, restructuring and related credits
impairment of long-lived assets																																																																0	0			0
gain on sale of facility																																																																										0	-2,254,000
debt extinguishment loss																																																								0	3,895,000
investment and other income
net income attributable to photronics, inc.
earnings per share:
basic
diluted
weighted-average number of common shares outstanding:
consolidated statements of equity and other comprehensive income
years ended october 30, 2011, october 31, 2010 and november 1, 2009
balance at november 2, 2008
comprehensive income
unrealized holding losses reclassification adjustment
amortization of cash flow hedges
foreign currency translation adjustments
total comprehensive income
subsidiary dividend
sale of common stock through employee stock option and purchase plan
restricted stock awards vestings and expense
share-based compensation expense
common stock issued in public offering
common stock warrants issued
common stock warrants exercised
balance at november 1, 2009
comprehensive income:
unrealized holding losses
less: reclassification adjustments
oci reclassification
common stock issuance costs
balance at october 31, 2010
common stock issued to extinguish debt																																																								0	2,844,000
repurchase of common stock by subsidiary																																																		0	-4,190,000	-3,945,000	-4,076,000	-6,692,000	-885,000	-6,584,000	0
balance at october 30, 2011
consolidated statements of cash flows
proceeds from sales of short-term investments and other																																																															43,000				858,000
proceeds from sale of facilities
return of investment from joint venture
proceeds from debt and equity offerings
payments of expenses related to debt and equity offerings
deferred financing costs and other
effects of exchange rate changes on cash
supplemental disclosures of cash flow information:
changes in accrual for purchases of property, plant and equipment
issuances of common stock warrants
notes to consolidated financial statements
land
buildings and improvements
machinery and equipment
leasehold improvements
furniture, fixtures and office equipment
construction in progress
less accumulated depreciation and amortization
less accumulated amortization
as of october 30, 2011
technology license agreement
customer lists
supply agreement
software and other
as of october 31, 2010
note 4 -
income taxes																																																																																											169,000
salaries, wages and related benefits
vat and other taxes
derivatives not designated
as hedging instruments
under asc 815
warrants on common stock
derivatives not designated as hedging instruments under asc 815
3.25% convertible senior notes due on april 1, 2016
5.50% convertible senior notes due on october 1, 2014
3.09% capital lease obligation payable through march 2016
4.75% financing loan with customer
8.0% capital lease obligation
5.6% capital lease obligation
borrowings under revolving credit facility, which bear interest at a variable rate, as defined
less current portion
fiscal years:
2012
2013
2014
2015
2016
less interest
net minimum lease payments under capital leases
less current portion of net minimum lease payments
long-term portion of minimum lease payments
thereafter
expected volatility
risk-free rate of return
dividend yield
expected term
options
outstanding at october 31, 2010
granted
exercised
cancelled and forfeited
outstanding at october 30, 2011
exercisable at october 30, 2011
expected to vest as of october 30, 2011
unvested options
unvested at october 31, 2010
vested
unvested at october 30, 2011
restricted stock
net gain on sale of assets
employee terminations and other
asset write-downs
employee terminations
asset write-downs and other
foreign
current:
federal
state
deferred:
u.s. federal income tax at statutory rate
debt extinguishment losses
distributions from foreign subsidiaries
state income taxes, net of federal benefit
changes in valuation allowances
foreign tax rate differentials
tax credits in foreign jurisdictions
uncertain tax positions, including reserves, settlements and resolutions
shanghai, china operations closure
deferred income tax assets:
reserves not currently deductible
net operating incomees
alternative minimum tax credits
tax credit carryforwards
future lease obligation
valuation allowances
deferred income tax liabilities:
undistributed earnings of foreign subsidiaries
investments
net deferred income tax assets
reported as:
current deferred tax assets
long-term deferred tax assets
long-term deferred tax liabilities
balance at beginning of year
additions (reductions) for tax positions in prior years
additions based on current year tax positions
settlements
lapses of statutes of limitations
balance at end of year
effect of dilutive securities:
interest expense on convertible notes, net of related tax effects
earnings for diluted earnings per share
weighted-average common shares computations:
weighted-average common shares used for basic earnings per share
share-based payment awards
common stock warrants
convertible notes
dilutive potential common shares
weighted-average common shares used for diluted earnings per share
basic earnings per share
diluted earnings per share
total potentially dilutive shares excluded
share based payment awards
decrease in photronics, inc.'s additional paid-in capital for psmc's repurchase of 21.6 million shares of its common stock
change from net income attributable to photronics, inc. and transfer to noncontrolling interest
asia
north america
long-lived assets
year ended october 30, 2011
attributable to photronics, inc.
attributable to noncontrolling interests
total other comprehensive income
income tax benefit
other comprehensive income, net of tax
year ended october 31, 2010
year ended november 1, 2009
fiscal 2011:
fiscal 2010:
1.
2.
3.
allowance for doubtful accounts
deferred tax asset valuation allowance
3.1
3.2
4.1
4.2
4.3
4.4
10.2
10.3
10.4
10.5
10.6
10.7
10.8
10.9
10.10
10.11
10.12
10.13
10.14
10.15
10.16
10.17
10.18
10.19
10.20
10.21
10.22
10.23
10.24
10.25
10.26
10.27
10.28
21
23
+
#
*
by
repurchase of common stock of subsidiary
capital lease obligation for purchase of equipment																																																									0
purchase of common stock by subsidiary
payment of deferred financing fees																																															-310,000
effect of exchange rate changes on cash																																															-3,423,000				3,287,000		-2,598,000	-172,000	-383,000		1,359,000	4,136,000	2,429,000		-1,950,000	1,572,000	1,319,000	1,233,000	1,627,000	1,740,000	-2,792,000	-8,262,000	71,000	890,000	-171,000			-1,959,000	-227,000
payments for intangible assets
proceeds from convertible debt offering
payments of expenses related to debt offering
proceeds from issuance of convertible debt																																																									0																															0	0
proceeds from exercise of share-based arrangements																																																					86,000				338,000
accrual for property, plant and equipment purchased during period
change in accrual for purchases of property, plant and equipment																																																						-19,467,000	5,159,000										-4,170,000	-3,338,000	-11,204,000		-14,153,000	-1,810,000	-24,181,000		17,182,000	-15,632,000	14,930,000		3,592,000	-4,071,000	13,064,000
proceeds from share-based payments																																																							233,000				159,000
supplemental disclosure of cash flow information:
proceeds from sale of facility																																																													0													0	5,011,000
adjustments to reconcile net income
to net cash from operating activities:
change in accrual for purchases of property, plant
and equipment																																																										-10,194,000	13,273,000		16,214,000	19,748,000	-227,000
cash deposit received on sale of facility																																																															4,190,000
depreciation and amortization of property,
plant and equipment
impairment of goodwill																																																																				0
purchases of short-term investments and other																																																																				0
payment to micron technology, inc.																																																																								0
changes in accrual for purchases of property,
capital lease obligation for purchases of property,
proceeds from sales of investments and other																																																													33,000				55,000				6,000
distribution from joint venture																																																																	0
change in capital lease obligation for purchases
of property, plant and equipment
common stock warrants issuance and fair value adjustment
non-cash reduction of notes payable
to net cash provided by operating activities:
consolidation, restructuring and related charges - non cash
stock-based compensation
minority interest in income of consolidated subsidiaries																																																																-97,000	399,000	-85,000	266,000	-82,000	474,000	27,000	955,000	115,000	929,000	191,000	1,304,000
gains on sales of facilities
investments in joint venture
payments to micron technology, inc.																																																																				0
proceeds from exercised stock options
change in accrual for purchases of property,
see accompanying notes to consolidated financial statements.
net loss																																																																	-22,847,000	-10,072,000	-10,233,000
adjustments to reconcile net loss to net cash from operating activities:
consolidation, restructuring and related charges - non-cash
accounts payable and other																																																																	12,151,000				-4,329,000				-10,496,000	15,704,000	-30,354,000		-1,581,000	1,118,000	-9,773,000		19,300,000	-7,009,000	3,940,000		16,458,000	-1,387,000	-7,096,000		-1,904,000	2,774,000	-23,108,000
change in capital lease obligation for purchases of property, plant and equipment
see accompanying notes to condensed consolidated financial statements.
amortization of deferred financing fees and intangible assets
investment in joint venture, technology and supply agreements																																																																								-2,499,000
proceeds from sale of facility and other																																																																							65,000	1,000
acquisition of additional interest in pk, ltd.
proceeds from exercised stock options and other
gain on sale of investments
proceeds from issuance of common stock																																																																									79,000	363,000	189,000		442,000	420,000	310,000			1,631,000	568,000		189,000	1,071,000	154,000		326,000	258,000	77,000
supplemented disclosure of cash flow information:
loss on repurchase of note
restructuring and related charges
net proceeds from issuance of common stock																																																																																-53,000
gain on sale of facility and other
acquisition of additional interest in pk ltd.																																																																													0	0	-8,432,000	-17,898,000	0	0	-40,350,000
proceeds from the sale of short-term investments and other																																																																													30,820,000
effect of exchange rate changes on cash flows																																																																													-2,039,000	1,557,000	-227,000		-1,120,000	3,082,000	-2,311,000		-633,000	2,038,000	878,000		573,000	239,000	1,336,000
supplemental cash flow information:
gain on sales of investments
loss on repurchase of notes
investment in joint venture, technology and supply
agreements
proceeds from (repayments of) long-term debt																																																																													2,929,000
proceeds from the sale of short-term investments																																																																															6,637,000
amortization of deferred financing fees
purchase of short-term investments
repayment of long-term debt
sales (purchases) of short-term investments																																																																																	-13,229,000	-37,782,000	53,906,000
interest payments																																																																																	2,469,000	2,046,000	2,210,000
income tax payments																																																																																	929,000	3,232,000	1,797,000		100,000
deposits on and purchases of property, plant and equipment																																																																																		-13,229,000	-18,543,000		-21,883,000	-20,213,000	-10,740,000		-17,107,000	-8,296,000	-9,342,000
deposits on and purchase of property, plant and equipment
proceeds from issuance of common stock and other
sale of short-term investments
interest paid																																																																																					3,998,000
adjustments to reconcile net income to net cash provided by operating activities:
purchases of investments																																																																																							-91,221,000
net decrease in cash																																																																																							-87,075,000
gain on repurchase of notes
changes in assets and liabilities, net of effects of acquisitions:
acquisitions of and investments in photomask operations, net of cash acquired
net increase in cash																																																																																											-22,304,000
cash paid during the period for:
interest																																																																																											4,384,000
accounts payable and accrued liabilities
net cash from operating activities:
proceeds from sale of investments and other
net borrowings (repayments) of long-term debt
adjustment related to align-rite's net cash flows resulting from differences in fiscal reporting periods
see accompanying notes to consolidated financial statements

Photronics, Inc(NASDAQ:PLAB)

Photronics, Inc
(NASDAQ:PLAB)