Selling, general and administrative

$ 422,180

^[1]

$ 450,439

^{[2],[3],[4],[5]}

$ 512,020

Cost and expenses:

Cost of sales

(322,540)

(338,519)

(375,806)

(48,213)

(46,706)

(45,240)

Research and development

(20,758)

(19,371)

(15,507)

Consolidation, restructuring and related charges

(1,428)

Operating income

30,669

44,415

75,467

Other income (expense):

Interest expense

(7,756)

(7,488)

(7,258)

Interest and other income (expense), net

3,892

3,721

2,949

Debt extinguishment loss

(35,259)

Income before income tax provision

26,805

40,648

35,899

Income tax provision

(7,229)

(10,793)

(15,691)

Net income attributable to noncontrolling interests

19,576

^[1]

29,855

^{[2],[3],[4],[5]}

20,208

(1,610)

(1,987)

(3,979)

Net income attributable to Photronics, Inc. shareholders

$ 17,966

^[1]

$ 27,868

^{[2],[3],[4],[5]}

$ 16,229

Earnings per share:

Basic (in dollars per share)

$ 0.30

^[1]

$ 0.46

^{[2],[3],[4],[5]}

$ 0.28

Diluted (in dollars per share)

$ 0.29

^[1]

$ 0.44

^{[2],[3],[4],[5]}

$ 0.28

Weighted-average number of common shares outstanding:

Basic (in shares)

60,644

60,055

57,030

Diluted (in shares)

61,599

76,464

58,458

[1]	Includes transaction expenses of $0.8 million, net of tax, in connection with the pending joint venture with DNP Photomask Technology Co., Ltd.
[2]	Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[3]	Includes consolidation and restructuring charges of $0.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[4]	Includes consolidation and restructuring charges of $1.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[5]	Includes non-cash gain of $0.1 million, net of tax, in connection with subsequent measurement at fair value of warrants issued to purchase the Company’s stock.

Consolidated Statements of Comprehensive Income (USD $)
In Thousands, unless otherwise specified

12 Months Ended

Nov. 03, 2013

Oct. 28, 2012

Oct. 30, 2011

Consolidated Statements of Comprehensive Income [Abstract]

Other comprehensive income, net of tax of $0:

$ 19,576

^[1]

$ 29,855

^{[2],[3],[4],[5]}

$ 20,208

Foreign currency translation adjustments

9,805

7,188

3,267

Amortization of cash flow hedge

128

Other

(109)

(35)

Total other comprehensive income, net of tax

9,987

7,207

3,360

Comprehensive income

29,563

37,062

23,568

Less: comprehensive income attributable to noncontrolling interests

858

3,387

4,196

Comprehensive income attributable to Photronics, Inc. shareholders

$ 28,705

$ 33,675

$ 19,372

[1]	Includes transaction expenses of $0.8 million, net of tax, in connection with the pending joint venture with DNP Photomask Technology Co., Ltd.
[2]	Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[3]	Includes consolidation and restructuring charges of $0.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[4]	Includes consolidation and restructuring charges of $1.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[5]	Includes non-cash gain of $0.1 million, net of tax, in connection with subsequent measurement at fair value of warrants issued to purchase the Company’s stock.

Consolidated Statements of Equity (USD $)
In Thousands

Common Stock [Member]

Additional Paid-in Capital [Member]

Retained Earnings (Accumulated Deficit) [Member]

Accumulated Other Comprehensive Income [Member]

Non-Controlling Interests [Member]

Total

Balance at Oct. 31, 2010

$ 538

$ 436,825

$ (2,624)

$ 7,062

$ 54,142

$ 495,943

Balance (in shares) at Oct. 31, 2010

53,779

Other comprehensive income

16,229

3,979

20,208

3,143

217

3,360

Common stock issued to extinguish debt

45,585

45,637

Common stock issued to extinguish debt (in shares)

5,229

Sale of common stock through employee stock option and purchase plan

851

856

Sale of common stock through employee stock option and purchase plan (in shares)

440

Restricted stock awards vestings and expense

1,035

1,036

Restricted stock awards vestings and expense (in shares)

Share-based compensation expense

1,422

Common stock warrants exercised

1,157

1,158

Common stock warrants exercised (in shares)

122

Balance (in shares) at Oct. 30, 2011

(201)

(34)

(9,629)

(9,864)

Balance at Oct. 30, 2011

597

486,674

13,605

10,171

48,709

559,756

59,651

Other comprehensive income

27,868

1,987

29,855

^{[1],[2],[3],[4]}

5,807

1,400

7,207

Sale of common stock through employee stock option and purchase plan

542

545

Sale of common stock through employee stock option and purchase plan (in shares)

277

Restricted stock awards vestings and expense

901

902

Restricted stock awards vestings and expense (in shares)

108

Share-based compensation expense

2,258

Common stock warrants exercised

1,051

1,052

Common stock warrants exercised (in shares)

177

Balance (in shares) at Oct. 28, 2012

1,985

(78)

(17,481)

(15,574)

Balance at Oct. 28, 2012

602

493,411

41,473

15,900

34,615

586,001

60,213

Other comprehensive income

17,966

1,610

19,576

^[5]

10,740

(753)

9,987

Sale of common stock through employee stock option and purchase plan

880

884

Sale of common stock through employee stock option and purchase plan (in shares)

397

Restricted stock awards vestings and expense

1,281

1,283

Restricted stock awards vestings and expense (in shares)

158

Share-based compensation expense

2,692

Common stock warrants exercised

(3)

Common stock warrants exercised (in shares)

315

Balance (in shares) at Nov. 03, 2013

600

(237)

(32,955)

(32,592)

Balance at Nov. 03, 2013

$ 611

$ 498,861

$ 59,439

$ 26,403

$ 2,517

$ 587,831

61,083

[1]	Includes consolidation and restructuring charges of $1.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[2]	Includes non-cash gain of $0.1 million, net of tax, in connection with subsequent measurement at fair value of warrants issued to purchase the Company’s stock.
[3]	Includes consolidation and restructuring charges of $0.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[4]	Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[5]	Includes transaction expenses of $0.8 million, net of tax, in connection with the pending joint venture with DNP Photomask Technology Co., Ltd.

Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified

12 Months Ended

Nov. 03, 2013

Oct. 28, 2012

Oct. 30, 2011

Cash flows from operating activities:

Adjustments to reconcile net income to net cash provided by operating activities:

$ 19,576

^[1]

$ 29,855

^{[2],[3],[4],[5]}

$ 20,208

Depreciation and amortization of property, plant and equipment

65,994

78,623

86,661

Amortization of deferred financing costs and intangible assets

6,948

6,586

6,799

Debt extinguishment loss

27,399

Consolidation, restructuring and related charges

262

Share-based compensation

3,975

3,160

2,458

Deferred income taxes

(266)

(615)

(224)

Changes in assets and liabilities:

Accounts receivable

2,400

11,190

(1,806)

Inventories

(891)

4,683

(6,544)

Other current assets

(2,744)

(79)

223

Accounts payable, accrued liabilities and other

4,409

(1,116)

1,379

Net cash provided by operating activities

99,401

132,549

136,553

Cash flows from investing activities:

Purchases of property, plant and equipment

(63,792)

(96,978)

(82,121)

Investment in joint venture

(13,397)

(18,271)

Payments for intangible assets

(2,173)

(27)

(95)

Other

(272)

(1,541)

(250)

Net cash used in investing activities

(66,237)

(111,943)

(100,737)

Cash flows from financing activities:

Proceeds from long-term borrowings

25,000

17,000

Proceeds from convertible debt offering

115,000

Repayments of long-term borrowings

(32,374)

(15,598)

(9,878)

(8,314)

(5,293)

(64,107)

Proceeds from share-based arrangements

884

653

828

Payments of deferred financing fees

(40)

(198)

(117)

Payments of expenses related to debt offering

(4,201)

Net cash provided by (used in) financing activities

(39,844)

4,564

54,525

Effects of exchange rate changes on cash and cash equivalents

4,252

2,945

642

Net increase (decrease) in cash and cash equivalents

(2,428)

28,115

90,983

Cash and cash equivalents at beginning of year

218,043

189,928

98,945

Cash and cash equivalents at end of year

215,615

218,043

189,928

Supplemental disclosure of non-cash information:

Capital lease obligation for purchases of property, plant and equipment

26,356

21,248

Accrual for property, plant and equipment purchased during year

17,502

5,052

6,869

Deposit related to facility purchase

2,000

Common stock issued to extinguish debt

$ 0

$ 20,234

[1]	Includes transaction expenses of $0.8 million, net of tax, in connection with the pending joint venture with DNP Photomask Technology Co., Ltd.
[2]	Includes consolidation and restructuring charges of $1.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[3]	Includes non-cash gain of $0.1 million, net of tax, in connection with subsequent measurement at fair value of warrants issued to purchase the Company’s stock.
[4]	Includes consolidation and restructuring charges of $0.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[5]	Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Nov. 03, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business Photronics, Inc. and its subsidiaries (the "Company" or "Photronics") is one of the world's leading manufacturers of photomasks, which are high precision photographic quartz plates containing microscopic images of electronic circuits. Photomasks are a key element in the manufacture of semiconductors and flat panel displays ("FPDs"), and are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits ("ICs") and a variety of FPDs and, to a lesser extent, other types of electrical and optical components. The Company currently operates principally from eight manufacturing facilities; two of which are located in Europe, two in Taiwan, one in Korea, and three in the United States. Consolidation The accompanying consolidated financial statements include the accounts of Photronics, Inc. and its majority-owned subsidiaries that the Company controls. All intercompany balances and transactions have been eliminated in consolidation. Estimates and Assumptions The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect amounts reported in them. Actual results may differ from such estimates. Derivative Instruments and Hedging Activities The Company records derivatives in the consolidated balance sheets as assets or liabilities, measured at fair value. The Company does not engage in derivative instruments for speculative purposes. Gains or losses resulting from changes in the values of those derivatives are reflected in earnings, or as accumulated other comprehensive income or loss, a separate component of equity, depending on the use of the derivatives and whether they qualify for hedge accounting. In order to qualify for hedge accounting, among other criteria, a derivative must be a hedge of an interest rate, price, foreign currency exchange rate, or credit risk that is expected to be highly effective at the inception of the hedge, be highly effective in achieving offsetting changes in the fair value or cash flows of the hedged item during the term of the hedge and formally documented at the inception of the hedge. In general, the types of risks the Company has hedged are those related to the variability of future cash flows caused by movements in foreign currency exchange and interest rates. The Company documents its risk management strategy and hedge effectiveness at the inception of, and during the term of, each hedge. Fiscal Year The Company's fiscal year ends on the Sunday closest to October thirty-first, and, as a result, a 53-week year occurs every 5 to 6 years. Fiscal year 2013 included 53 weeks, while fiscal years 2012 and 2011 each included 52 weeks. Cash and Cash Equivalents Cash and cash equivalents include cash and highly liquid investments purchased with an original maturity of 3 months or less. The carrying values of cash equivalents approximate their fair values due to the short-term maturities of these instruments. Inventories Inventories are primarily comprised of raw materials and are stated at the lower of cost, determined under the first-in, first-out ("FIFO") method, or market. Property, Plant and Equipment Property, plant and equipment, except as explained below under "Impairment of Long-Lived Assets," are stated at cost less accumulated depreciation and amortization. Repairs and maintenance, as well as renewals and replacements of a routine nature, are charged to operations as incurred, while those that improve or extend the lives of existing assets are capitalized. Upon sale or other disposition, the cost of the asset and accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in earnings. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the related assets. Buildings and improvements are depreciated over 15 to 40 years, machinery and equipment over 3 to 10 years and, furniture, fixtures and office equipment over 3 to 5 years. Leasehold improvements are amortized over the life of the lease or the estimated useful life of the improvement, whichever is less. Judgment and assumptions are used in establishing estimated useful lives and depreciation periods. The Company also uses judgment and assumptions as it periodically reviews property, plant and equipment for any potential impairment in carrying values whenever events such as a significant industry downturn, plant closures, technological obsolescence, or other change in circumstances indicate that their carrying amounts may not be recoverable. Intangible Assets Intangible assets consist primarily of a technology license agreement, a supply agreement and acquisition-related intangibles. These assets are stated at fair value as of the date acquired less accumulated amortization. Amortization is calculated based on the estimated useful lives of the assets, which range from 3 to 15 years, using the straight-line method or another method that more fairly represents the utilization of the assets. The Company periodically evaluates the remaining useful lives of its intangible assets to determine whether events or circumstances warrant a revision to the remaining periods of amortization. In the event that the estimate of an intangible asset’s remaining useful life has changed, the remaining carrying amount of the intangible asset is amortized prospectively over that revised remaining useful life. If it is determined that an intangible asset has an indefinite useful life, that intangible asset would be subject to impairment testing annually or whenever events or circumstances indicate that the carrying value may not, based on future undiscounted cash flows or market factors, be recoverable, and an impairment loss would be recorded in the period so determined. The measurement of the impairment loss would be based on the fair value of the intangible asset. Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on the Company's judgment and estimates of undiscounted future cash flows resulting from the use of the assets and their eventual disposition. Measurement of an impairment loss for long-lived assets that management expects to hold and use is based on the fair value of the assets. The carrying values of assets determined to be impaired are reduced to their estimated fair values. Fair values of any impaired assets would generally be determined using a market or income approach. Business Combinations When acquiring other businesses or participating in mergers or joint ventures in which the Company is deemed to be the acquirer, the Company generally recognizes identifiable assets acquired, liabilities assumed and any noncontrolling interests at their acquisition date fair values, and separately from any goodwill that may be required to be recognized. If applicable, goodwill, when recognizable, would be measured as the excess amount of any consideration transferred, which is generally measured at fair value, over the acquisition date fair values of the identifiable assets acquired and liabilities assumed. Accounting for such transactions requires the Company’s management to make significant assumptions and estimates and, although the Company believes any estimates and assumptions it makes to be reasonable and appropriate at the time they are made, unanticipated events and circumstances may arise that affect their accuracy, causing actual results to differ from those estimated by the Company. When required, the Company will adjust the values of the assets acquired and liabilities assumed against the acquisition gain or goodwill, as initially recorded, for a period of up to one year after the transaction. Costs incurred to effect a merger or acquisition, such as legal, accounting, valuation and other third party costs, as well as internal general and administrative costs incurred are charged to expense in the periods incurred. Costs incurred to issue any debt and equity securities are recognized in accordance with other applicable generally accepted accounting principles. Investments in Joint Ventures The financial results of investments in joint ventures of which the Company has a controlling financial interest are included in the Company’s consolidated financial statements. Investments in joint ventures over which the Company has the ability to exercise significant influence and that, in general, are at least 20 percent owned are accounted for under the equity method. An impairment loss would be recognized whenever a decrease in the fair value of such an investment below its carrying amount is determined to be other than temporary. In judging "other than temporary," the Company would consider the length of time and the extent to which the fair value of the investment has been less than the carrying amount of the investment, the near-term and longer-term operating and financial prospects of the investee, and the Company's longer-term intent of retaining its investment in the investee. Variable Interest Entities The Company accounts for the investments it makes in certain legal entities in which equity investors do not have 1) sufficient equity at risk for the legal entity to finance its activities without additional subordinated financial support or, 2) as a group, the holders of the equity investment at risk do not have either the power, through voting or similar rights, to direct the activities of the legal entity that most significantly impact the entity’s economic performance or, 3) the obligation to absorb the expected losses of the legal entity or the right to receive expected residual returns of the legal entity. These certain legal entities are referred to as “variable interest entities”, or “VIEs”. The Company would consolidate the results of any such entity in which it determined that it has a controlling financial interest. The Company would have a “controlling financial interest” in such an entity when the Company has both the power to direct the activities that most significantly affect the VIE’s economic performance and the obligation to absorb the losses of, or right to receive benefits from, the VIE that could be potentially significant to the VIE. On a quarterly basis, the Company reassesses whether it has a controlling financial interest in any investments it has in these certain legal entities. Income Taxes The income tax provision is computed on the basis of the various tax jurisdictions' income or loss before income taxes. Deferred income taxes reflect the tax effects of differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as the tax effects of net operating losses and tax credit carryforwards. The Company uses judgment and assumptions to determine if valuation allowances for deferred income tax assets are required, if their realization is not more likely than not, by considering future market growth, forecasted operations, future taxable income, and the amount of earnings in the tax jurisdictions in which it operates. The Company considers income taxes in each of the tax jurisdictions in which it operates in order to determine its effective income tax rate. Current income tax exposure is identified and temporary differences resulting from differing treatments of items for tax and financial reporting purposes are assessed. These differences result in deferred tax assets and liabilities, which are included in the Company's consolidated balance sheets. Additionally, the Company evaluates the potential realization of deferred income tax assets from future taxable income and establishes valuation allowances if their realization is deemed not more likely than not. Accordingly, income taxes charged against earnings may have been impacted by changes in the valuation allowance. Significant management estimates and judgment are required in determining any valuation allowances recorded against net deferred tax assets. The Company accounts for uncertain tax positions by recording a liability for unrecognized tax benefits resulting from uncertain tax positions taken, or expected to be taken, in its tax returns. The Company includes any applicable interest and penalties related to uncertain tax positions in its income tax provision. Earnings Per Share Basic earnings per share ("EPS") is based on the weighted-average number of common shares outstanding for the period, excluding any dilutive common share equivalents. Diluted EPS reflects the potential dilution that could occur if certain share-based payment awards or financial instruments were exercised, earned or converted. Share-Based Compensation The Company recognizes share-based compensation expense over the service period that the awards are expected to vest. Share-based compensation expense includes the estimated effects of forfeitures, which are adjusted over the requisite service period to the extent actual forfeitures differ, or are expected to differ, from such estimates. Changes in estimated forfeitures are recognized in the period of change and will also impact the amount of expense to be recognized in future periods. Determining the appropriate option pricing model, calculating the grant date fair value of share-based awards and estimating forfeiture rates requires considerable judgment, including the estimations of stock price volatility and the expected term of options granted. The Company uses the Black-Scholes option pricing model to value employee stock options. The Company estimates stock price volatility based on daily averages of its historical volatility over a term approximately equal to the estimated time period the grant will remain outstanding. The expected term of options and forfeiture rate assumptions are derived from historical data. Research and Development Research and development costs are expensed as incurred, and consist primarily of global development efforts related to high-end process technologies for advanced sub-wavelength reticle solutions for IC photomask technologies. Research and development expenses also include the amortization of the carrying value of a technology license agreement with Micron Technology, Inc. (“Micron”). Under this technology license agreement, the Company has access to certain photomask technology developed by Micron. Foreign Currency Translation The Company's international subsidiaries maintain their accounts in their respective local currencies. Assets and liabilities of such subsidiaries are translated to U.S. dollars at year-end exchange rates. Income and expenses are translated at average rates of exchange prevailing during the year. Foreign currency translation adjustments are accumulated and reported in accumulated other comprehensive income, a component of equity. The effects of changes in exchange rates on foreign currency transactions, which are included in interest and other income (expense), net were a net gain of $0.5 million, $0.2 million and $0.4 million in fiscal years 2013, 2012 and 2011, respectively. Noncontrolling Interests Noncontrolling interests represents the minority shareholders' proportionate share in the equity of the Company's two majority-owned subsidiaries, PK Ltd. ("PKL") in Korea of which noncontrolling shareholders owned approximately 0.3% as of November 3, 2013 and October 28, 2012, and Photronics Semiconductor Mask Corporation ("PSMC") in Taiwan, of which noncontrolling interests owned 1.37% and 27.91%, as of November 3, 2013 and October 28, 2012, respectively. The effect on its equity of the change in the Company’s ownership interest in PSMC is presented in Note 15. Revenue Recognition The Company recognizes revenue when there is persuasive evidence that an arrangement exists, delivery has occurred, the sales price is fixed or determinable, and collectability is reasonably assured. Delivery is determined by the shipping terms of the individual sales transactions. For sales with FOB destination shipping terms, delivery occurs when the Company’s product reaches its destination and is received by the customer. For sales with FOB shipping point terms, delivery occurs when the Company’s product is received by the common carrier. The Company uses judgment when estimating the effect on revenue of discounts and product warranty obligations, both of which are accrued when the related revenue is recognized. Warranties and Other Post Shipment Obligations – For a 30-day period, the Company warrants that items sold will conform to customer specifications. However, the Company’s liability is limited to the repair or replacement of the photomasks at its sole option. The Company inspects photomasks for conformity to customer specifications prior to shipment. Accordingly, customer returns of items under warranty have historically been insignificant. However, the Company records a liability for the insignificant amount of estimated warranty returns based on historical experience. The Company’s specific return policies include accepting returns of products with defects, or products that have not been produced to precise customer specifications. At the time of revenue recognition, a liability is established for these items. Sales Taxes – The Company reports its revenues net of any sales taxes billed to its customers.

PROPERTY, PLANT AND EQUIPMENT [Abstract]

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Nov. 03, 2013

PROPERTY, PLANT AND EQUIPMENT

NOTE 2 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consists of the following:

	November 3, 2013		October 28, 2012

Land	$	8,692	$	8,538
Buildings and improvements		103,676		101,409
Machinery and equipment		1,225,091		1,197,854
Leasehold improvements		4,179		5,854
Furniture, fixtures and office equipment		11,546		13,484
Construction in progress		97,319		26,642
		1,450,503		1,353,781
Less accumulated depreciation and amortization		1,027,763		972,973
	$	422,740	$	380,808

Property under capital leases are included in above property, plant and equipment as follows:

	November 3, 2013		October 28, 2012

Machinery and equipment	$	21,327	$	21,327
Construction in progress		34,918		-
		56,245		21,327
Less accumulated amortization		4,932		2,758
	$	51,313	$	18,569

Depreciation expense for property, plant and equipment (excluding property under capital leases) was $63.8 million, $73.8 million and $77.0 million in fiscal years 2013, 2012 and 2011, respectively. Amortization expense for property under capital leases was $2.2 million, $4.8 million and $9.7 million in fiscal years 2013, 2012 and 2011, respectively.

JOINT VENTURE, TECHNOLOGY LICENSE AND OTHER AGREEMENTS WITH MICRON TECHNOLOGY, INC. [Abstract]

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

INTANGIBLE ASSETS

12 Months Ended

Nov. 03, 2013

INTANGIBLE ASSETS [Abstract]

INTANGIBLE ASSETS

NOTE 3 - INTANGIBLE ASSETS

Intangible assets include assets related to the purchase of additional shares of PKL and the investment to form the MP Mask joint venture. Amortization expense of intangible assets was $5.5 million, $5.0 million and $5.3 million in fiscal years 2013, 2012 and 2011, respectively.

Intangible assets consist of:

As of November 3, 2013	Gross Amount		Accumulated Amortization		Net Amount
Technology license agreement	$	59,616	$	29,477	$	30,139
Customer lists		7,210		5,599		1,611
Supply agreement		6,959		6,381		578
Software and other		5,728		3,976		1,752
	$	79,513	$	45,433	$	34,080
As of October 28, 2012

Technology license agreement	$	59,616	$	25,503	$	34,113
Customer lists		7,210		4,876		2,334
Supply agreement		6,959		6,157		802
Software and other		3,491		3,356		135
	$	77,276	$	39,892	$	37,384

Intangible asset amortization over the next five years is estimated to be as follows:

Fiscal Years:

2014	$	5,689
2015		5,689
2016		4,497
2017		3,974
2018		3,974

JOINT VENTURE, TECHNOLOGY LICENSE AND OTHER AGREEMENTS WITH MICRON TECHNOLOGY, INC.

12 Months Ended

Nov. 03, 2013

JOINT VENTURE, TECHNOLOGY LICENSE AND OTHER AGREEMENTS WITH MICRON TECHNOLOGY, INC.

NOTE 4 -

JOINT VENTURE, TECHNOLOGY LICENSE AND OTHER AGREEMENTS WITH MICRON TECHNOLOGY, INC.

In May 2006, Photronics and Micron Technology, Inc. ("Micron") entered into the MP Mask joint venture (“MP Mask”), which develops and produces photomasks for leading-edge and advanced next generation semiconductors. At the time of the formation of the joint venture, the Company also entered into both an agreement to license photomask technology developed by Micron and certain supply agreements.

This joint venture is a variable interest entity ("VIE") (as that term is defined in the Accounting Standards Codification ("ASC") ) because all costs of the joint venture are passed on to the Company and Micron through purchase agreements they have entered into with the joint venture, and it is dependent upon the Company and Micron for any additional cash requirements. On a quarterly basis the Company reassesses whether its interest in MP Mask gives it a controlling financial interest in this VIE. The purpose of this quarterly reassessment is to identify the primary beneficiary (which is defined in the ASC as the entity that consolidates a VIE) of the VIE. As a result of the reassessments in fiscal year 2013, the Company determined that Micron is still the primary beneficiary of the VIE, by virtue of its tie-breaking voting rights within MP Mask’s Board of Managers, thereby giving it the power to direct the activities of MP Mask that most significantly impact its economic performance, including its decision making authority in the ordinary course of business and its purchasing the majority of products produced by the VIE.

The Company has utilized MP Mask for both high-end IC photomask production and research and development purposes. MP Mask charges its variable interest holders based on their actual usage of its facility and charges separately for any research and development activities it engages in at the requests of its owners.

MP Mask is governed by a Board of Managers, appointed by Micron and the Company. Since MP Mask's inception, Micron, as a result of its majority ownership, has held majority voting power on the Board of Managers. The voting power held by each party is subject to change as ownership interests change. Under the MP Mask joint venture operating agreement, the Company may be required to make additional capital contributions to MP Mask up to the maximum amount defined in the operating agreement. However, should the Board of Managers determine that further additional funding is required, MP Mask shall pursue its own financing. If MP Mask is unable to obtain its own financing, it may request additional capital contributions from the Company. Should the Company choose not to make a requested contribution to MP Mask, its ownership percentage may be reduced. During fiscal 2012 the Company made additional capital contributions of $13.4 million to the MP Mask joint venture, which were primarily related to capital calls made by the joint venture. The Company did not make any contributions to MP Mask in fiscal 2013 and it did not receive any distributions from MP Mask during fiscal 2013 or fiscal 2012.

The Company's investment in the VIE, which represents its maximum exposure to loss, was $93.1 million and $93.3 million at November 3, 2013 and October 28, 2012, respectively. These amounts are reported in the Company's consolidated balance sheets as Investment in joint venture. The Company recorded losses from its investment in MP Mask of $0.1 million in fiscal years 2013 and 2012 and income of $0.6 million in fiscal year 2011. Income (loss) from MP Mask is included in Interest and other income, net, in the consolidated statements of income.

As of November 3, 2013, the Company owed MP Mask $4.5 million and had a receivable from Micron of $4.9 million, both primarily related to the aforementioned supply agreements. The Company, in 2013, recorded $0.9 million of commission revenue earned under the supply agreements it has with Micron and MP Mask, and amortization of $0.3 million of the related supply agreement intangible asset. In 2013 the Company also recorded cost of sales in the amount of $8.7 million for photomasks produced by MP Mask for the Company's customers, and incurred expenses of $1.6 million for research and development activities and other goods and services purchased from MP Mask by the Company. In 2013 the Company purchased equipment from MP Mask for $6.1 million.

As of October 28, 2012, the Company owed MP Mask $6.4 million and had a receivable from Micron of $9.0 million, both primarily related to the aforementioned supply agreements. The Company, in 2012, recorded $1.6 million of commission revenue earned under the supply agreements it has with Micron and MP Mask, and amortization of $0.4 million of the related supply agreement intangible asset. The Company, for certain sales made during 2012, also recorded cost of sales in the amount of $7.6 million for photomasks produced by MP Mask for the Company's customers, and incurred expenses of $2.0 million for research and development activities and other goods and services purchased from MP Mask by the Company. In 2012 the Company purchased equipment from MP Mask for $1.9 million, of which $1.5 million was recorded as the cost of the equipment and $0.4 million was recorded as an investment in joint venture.

The Company, in 2011, recorded $1.7 million of commission revenue earned under the supply agreements it has with Micron and MP Mask, and amortization of $0.5 million of the related supply agreement intangible asset. The Company, for certain sales made during 2011, also recorded cost of sales in the amount of $18.5 million for photomasks produced by MP Mask for the Company's customers, and incurred expenses of $3.1 million for research and development activities and other goods and services purchased from MP Mask by the Company. In 2011, the Company purchased equipment from MP Mask for $4.6 million, of which $2.3 million was recorded as the cost of the equipment and $2.3 million was recorded as an investment in joint venture.

In the second quarter of fiscal 2012 the Company paid $35 million to Micron in connection with the purchase of the U.S. nanoFab facility and the remaining term of the operating lease agreement through 2014 was cancelled.

Summarized financial information of MP Mask is presented below.

	As of October
	2013		2012

Current assets	$	35,794	$	25,701
Noncurrent assets		177,769		170,226
Current liabilities		28,497		15,597
Noncurrent liabilities		-		-

	Year Ended October
	2013		2012		2011

Net sales	$	77,900	$	84,216	$	79,766
Gross profit		4,663		1,799		2,649
Net income		4,735		831		6,691

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References+ Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

12 Months Ended

Nov. 03, 2013

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

NOTE 6 - DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The Company has utilized derivative instruments to reduce its exposure to the effects of the variability of interest rates and foreign currencies on its financial performance when it believes such action is warranted. Historically, the Company has been a party to derivative instruments to hedge either the variability of cash flows of a prospective transaction or the fair value of a recorded asset or liability. In certain instances, the Company has designated these transactions as hedging instruments. However, whether or not a derivative was designated as being a hedging instrument, the Company's purpose for engaging in the derivative has always been for risk management (and not speculative) purposes. The Company has historically not been a party to a significant number of derivative instruments and does not expect its derivative activity to significantly increase in the foreseeable future.

In addition to the utilization of derivative instruments discussed above, the Company attempts to minimize its risk of foreign currency exchange rate variability by, whenever possible, procuring production materials within the same country that it will utilize the materials in manufacturing and, by selling to customers from manufacturing sites within the country in which the customers are located.

In May 2009, in connection with an amendment to its credit facility, the Company issued 2.1 million warrants, each exercisable for one share of the Company's common stock at an exercise price of $0.01 per share. Forty percent of the warrants were exercisable upon issuance, and the remaining balance was to become exercisable in twenty percent increments at various points in time after October 31, 2009. As a result of certain net cash settleable put provisions within the warrant agreement, the warrants were recorded as a liability in the Company's consolidated balance sheet. As of the issuance date and for future periods that such warrants remained outstanding, the Company had adjusted the liability based upon the current fair value of the warrants, with any changes in their fair value being recognized in earnings. Due to the warrants' exercise price of $0.01 per share, their fair value approximated the market price of the Company's common stock. Approximately 1.2 million of these warrants were cancelled as a result of the Company's early repayment of certain amounts under its credit facility during the year ended November 1, 2009, and the associated liability was reduced accordingly. All of the 0.2 million of these warrants that remained outstanding were exercised in fiscal 2012. See Note 8 for disclosures related to other common stock warrants.

A portion of an existing loss on a cash flow hedge, in the amount of $0.1 million, is expected to be reclassified into earnings over the next twelve months.

The table below presents the effect of derivative instruments on the Company's consolidated statements of income for the years ended November 3, 2013, October 28, 2012 and October 30, 2011.

		Amount of Gain (Loss) Recognized Related to Derivative Instruments
		Year Ended
Derivatives Not Designated as Hedging Instruments Under ASC 815	Location of Gain (Loss) Recognized Related to Derivative Instruments	November 3, 2013		October 28, 2012		October 30, 2011


Warrants on common stock	Interest and other income (expense), net	$	-	$	94	$	(424	)

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4K

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708775-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4B

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(n))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4J

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708773-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 25

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41635-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4H

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624258-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 30

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 30

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7668309&loc=d3e80748-113994

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4E

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624181-113959

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 30

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7668309&loc=d3e80784-113994

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41620-113959

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4D

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624177-113959

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 1B

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5580258-113959

Reference 17: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959

Reference 18: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959

Reference 19: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41638-113959

Reference 20: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

+ Details

LONG-TERM BORROWINGS

12 Months Ended

Nov. 03, 2013

LONG-TERM BORROWINGS [Abstract]

LONG-TERM BORROWINGS

NOTE 7 - LONG-TERM BORROWINGS

Long-term borrowings consist of the following:

	November 3, 2013		October 28, 2012

3.25% convertible senior notes due in April 2016	$	115,000	$	115,000

2.77% capital lease obligation payable through July 2018		25,065		-

5.50% convertible senior notes due in October 2014		22,054		22,054

Term loan, which bears interest at a variable rate, as defined (2.69% at November 3, 2013), repaid in December 2013		21,250		23,750

3.09% capital lease obligation payable through March 2016		10,652		15,175

4.75% financing loan with customer		-		758

		194,021		176,737
Less current portion		11,818		7,781
	$	182,203	$	168,956

As of November 3, 2013, long-term borrowings, excluding capital lease obligations, mature as follows: $2,500, $24,554, $117,500 and $13,750 in fiscal years 2014, 2015, 2016 and 2017 respectively.

As of November 3, 2013, minimum lease payments under the Company's capital lease obligation were as follows:

Fiscal Years:

2014	$	10,218
2015		10,218
2016		7,076
2017		6,108
2018		4,228
		37,848
Less interest		2,131
Net minimum lease payments under capital leases		35,717
Less current portion of net minimum lease payments		9,318
Long-term portion of minimum lease payments		26,399

In August 2013 a $26.4 million principal amount, five year capital lease commenced to fund the purchase of a high-end lithography tool. Payments under the capital lease, which bears interest at 2.77% are $0.5 million per month through July 2018. Under the terms of the lease agreement, the Company must maintain the equipment in good working order, and is subject to a cross default with cross acceleration provision related to certain nonfinancial covenants incorporated in its credit facility. As of November 3, 2013, the total amount payable through the end of the lease term was $26.8 million, of which $25.1 million represented principal and $1.7 million represented interest.

In March 2012 the Company, in connection with its purchase of the U.S. nanoFab facility (see Note 4 for further discussion), amended its credit facility (“the credit facility”) to include the addition of a $25 million term loan that was to mature in March 2017. In December 2013, simultaneous with the new credit facility, the Company repaid the $21.3 million balance of this term loan that was outstanding at November 3, 2013.

In December 2013 the Company amended its credit facility, which increased its limit to $50 million with an expansion capacity to $75 million, and extended its term to December 2018. The amended credit facility, which replaces the credit facility in effect at November 3, 2013, bears interest based on the Company’s total leverage ratio, at LIBOR plus a spread, as defined in the credit facility. The amended credit facility decreased the interest rate spread on borrowings, replaced the minimum fixed charge ratio covenant with a minimum interest coverage ratio and increased investment baskets, as defined, and continues to include a total leverage ratio and minimum unrestricted cash balance covenant. As of December 2013, the Company had no outstanding borrowings under the amended credit facility and $50 million was available for borrowing. The amended credit facility is secured by substantially all of the Company’s assets located in the United States, as well as common stock the Company owns in certain of its foreign subsidiaries.

In March 2011 the Company amended its credit facility which, as then amended, included, among other things: i) a reduction of the aggregate commitments of the lenders from $65 million to $30 million; ii) a reduction of the applicable interest rates and modifications of the leverage ratios related thereto; iii) an extension of the maturity date to April 30, 2015; iv) an increase in the permitted amount of certain financed capital assets up to $75 million outstanding at any one time; v) an allowance to issue the 3.25% convertible senior notes (discussed below); vi) an increase in the investments “basket” from $15 million to $25 million per year; vii) an allowance to repurchase the 5.5% convertible senior notes and other indebtedness; and viii) removal of the limitation on maximum last twelve months capital expenditures. The credit facility bore interest (2.69% at November 3, 2013), based on the Company’s total leverage ratio, at LIBOR plus a spread, as defined in the credit facility

In March 2011 the Company issued through a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended, $115 million aggregate principal amount of 3.25% convertible senior notes. The notes mature on April 1, 2016, and note holders may convert each $1,000 principal amount of notes to approximately 96 shares of common stock (equivalent to an initial conversion price of $10.37 per share of common stock) at any time prior to the close of business on the second scheduled trading day immediately preceding April 1, 2016. The conversion rate is subject to adjustment upon the occurrence of certain events, which are described in the indenture dated March 28, 2011. The Company is not required to redeem the notes prior to their maturity date. Interest on the notes accrues in arrears, and is paid semiannually through the notes’ maturity date. The net proceeds of the notes were approximately $110.7 million, which were used, in part, to acquire $35.4 million of the Company’s 5.5% convertible senior notes which were to mature on October 1, 2014, and to repay, in full, its then outstanding obligations under capital leases of $19.8 million.

In June 2011 the Company acquired $5.0 million of its 5.5% convertible senior notes in exchange for 0.7 million shares of its common stock with a fair value of $6.5 million and cash of $3.2 million (the note holders received approximately 148 shares and cash of $647 for each $1,000 note). The Company, in connection with this repurchase, recorded an extinguishment loss of $5.0 million, which included the write off of deferred financing fees of $0.3 million. The loss is included in other income (expense) in the Company's consolidated statements of income. In March 2011 the Company acquired $30.4 million of its 5.5% convertible senior notes in exchange for 4.5 million shares of its common stock with a fair value of $39.2 million and cash of $19.7 million (the note holders received approximately148 shares and cash of $647 for each $1,000 note). The Company, in connection with this repurchase, recorded an extinguishment loss of $30.1 million, which included the write off of deferred financing fees of $1.7 million. The loss is included in other income (expense) in the Company's consolidated statement of income.

In September 2009 the Company issued, through a public offering, $57.5 million aggregate principal amount of 5.5% convertible senior notes, which were to mature on October 1, 2014. Under the terms of the offering, the note holders could convert each $1,000 principal amount of notes to approximately 197 shares of common stock (equivalent to an initial conversion price of $5.08 per share of common stock) on, or before, September 30, 2014. The conversion rate is subject to adjustment upon the occurrence of certain events which are described in the indenture dated September 16, 2009. The Company is not required to redeem the notes prior to their maturity. The net proceeds of this offering were approximately $54.9 million, which were used to reduce amounts outstanding under the Company’s credit facility. As discussed above, $35.4 million aggregate principal amount of these notes were acquired by the Company during fiscal 2011. In addition, in December 2013 the Company entered into a new five year $50 million credit facility. The Company intends to repay the remaining outstanding 5.5% convertible senior notes issued in September 2009 with borrowings against this new credit facility and, therefore, has classified as long-term the entire $22.1 million of those notes that were outstanding as of November 3, 2013.

In April 2011 the Company entered into a five year, $21.2 million capital lease for manufacturing equipment. Payments under the lease, which bears interest at 3.09%, are $0.4 million per month through March 2016. The lease agreement provides that the Company must maintain the equipment in good working order, and includes a cross default with cross acceleration provision related to certain non-financial covenants incorporated in the Company's credit facility agreement. As of November 3, 2013, the total amount payable through the end of the lease term was $11.1 million, of which $10.7 million represented principal and $0.4 million represented interest.

In January 2010 the Company borrowed $3.7 million from a customer to purchase manufacturing equipment. This loan, which bore interest at 4.75%, was fully repaid during fiscal 2013 with product supplied to the customer. Product valued at $0.8 million and $1.0 million was shipped to the customer and applied against the loan during fiscal 2013 and 2012, respectively.

Interest payments were $6.3 million, $6.3 million and $9.7 million in fiscal 2013, 2012 and 2011, respectively, including deferred financing cost payments of $0.2 million and $4.3 million in fiscal 2012 and 2011, respectively.

COMMON STOCK WARRANTS	12 Months Ended
COMMON STOCK WARRANTS	Nov. 03, 2013
COMMON STOCK WARRANTS [Abstract]
COMMON STOCK WARRANTS	NOTE 8 - COMMON STOCK WARRANTS In September 2009 the Company entered into two warrant agreements with Intel Capital Corporation to purchase a total of 750,000 shares of the Company's common stock. Under one warrant agreement 500,000 shares of the Company's common stock could be purchased at an exercise price of $4.15 per share and under the second warrant agreement 250,000 shares of the Company's common stock could be purchased at an exercise price of $5.08 per share. The warrant agreements were to expire in September 2014. Also in September 2009, the Company and Intel Corporation entered into an agreement to share technical and operations information regarding the development of the Company's products, the capabilities of the Company's photomask manufacturing lines and the alignment of photomask toolsets. Intel Capital Corporation also invested in the Company's convertible debt offering of September 2009. The warrants were recorded at their fair value on their date of grant, which was determined using the Black-Scholes option pricing model. In June 2013 Intel Capital Corporation exercised all of the warrants under both warrant agreements on a net share basis and received 0.3 million shares of the Company’s common stock. In conjunction with a May 2009 amendment to its credit facility, the Company also entered into a warrant agreement with its lenders. See Note 6 for further discussion of these warrants.

OPERATING LEASES

12 Months Ended

Nov. 03, 2013

OPERATING LEASES [Abstract]

OPERATING LEASES

NOTE 9 - OPERATING LEASES

The Company leases various real estate and equipment under non-cancelable operating leases, for which rental expense was $2.7 million in fiscal years 2013 and 2012 and $2.9 million in fiscal year 2011. In fiscal 2012 the Company paid the former lessor $35 million in connection with its purchase of the U.S. nanoFab, which reduced the Company’s outstanding operating lease commitments by a total of $15 million for fiscal years 2013 and 2014.

At November 3, 2013, future minimum lease payments under non-cancelable operating leases with initial terms in excess of one year are as follows:

2014	$	2,141
2015		1,897
2016		1,695
2017		1,361
2018		354
Thereafter		721
	$	8,169

See Note 7 for disclosures related to the Company's capital lease obligations.

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References+ Details

SHARE-BASED COMPENSATION

12 Months Ended

Nov. 03, 2013

SHARE-BASED COMPENSATION [Abstract]

SHARE-BASED COMPENSATION

NOTE 10 – SHARE-BASED COMPENSATION

In March 2007 the Company's shareholders approved a new share-based compensation plan ("Plan"), under which options, restricted stock, restricted stock units, stock appreciation rights, performance stock, performance units, and other awards based on, or related to, shares of the Company's common stock may be granted from shares authorized but unissued or shares previously issued and reacquired by the Company. A maximum of six million shares of common stock may be issued under the plan. Awards may be granted to officers, employees, directors, consultants, advisors, and independent contractors of the Company or its subsidiaries. In the event of a change in control (as defined in the Plan), the vesting of awards may be accelerated. The Plan, aspects of which are more fully described below, prohibits further awards from being issued under prior plans. The Company incurred total share-based compensation expenses of $4.0 million, $3.2 million and $2.5 million in fiscal years 2013, 2012 and 2011, respectively. No share-based compensation cost was capitalized as part of an asset and no related income tax benefits were recorded during the fiscal years presented.

Stock Options

Option awards generally vest in one to four years, and have a ten year contractual term. All incentive and non-qualified stock option grants must have an exercise price no less than the market value of the underlying common stock on the date of grant. The grant date fair values of options are based on the closing prices of the Company’s common stock on the date of grant using the Black-Scholes option pricing model. Expected volatility is based on the historical volatility of the Company's stock. The Company uses historical option exercise behavior and employee termination data to estimate expected term, which represents the period of time that the options granted are expected to remain outstanding. The risk-free rate of return for the estimated term of the option is based on the U.S. Treasury yield curve in effect at the date of grant.

The weighted-average inputs and risk-free rate of return ranges used to calculate the grant date fair values of options issued during fiscal years 2013, 2012 and 2011 are presented in the following table:

	Year Ended
	November 3, 2013			October 28, 2012			October 30, 2011

Expected volatility		98.0	%		102.1	%		98.7	%

Risk-free rate of return		0.5 – 1.4	%		0.6 – 0.9	%		0.7 – 1.9	%

Dividend yield		0.0	%		0.0	%		0.0	%

Expected term	4.3 years			4.3 years			4.2 years

A summary of option activity under the Plan as of November 3, 2013, and changes during the year then ended is presented as follows:

Options	Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life	Aggregate Intrinsic Value

Outstanding at October 28, 2012		3,999,302		$	8.34
Granted		616,500			5.78
Exercised		(327,469	)		1.54
Cancelled and forfeited		(114,031	)		10.84
Outstanding at November 3, 2013		4,174,302		$	8.43	5.6 years	$	10,198
Exercisable at November 3, 2013		2,691,323		$	9.83	4.3 years	$	6,639
Expected to vest as of November 3, 2013		1,325,098		$	8.52	8.1 years	$	3,192

The weighted-average grant date fair value of options granted during fiscal years 2013, 2012 and 2011 were $4.00, $4.47 and $4.75, respectively. The total intrinsic value of options exercised during fiscal years 2013, 2012 and 2011 was $1.6 million, $1.3 million and $2.1 million, respectively.

The Company received cash from option exercises of $0.5 million, $0.3 million and $0.4 million in fiscal years 2013, 2012 and 2011, respectively. As of November 3, 2013, the total unrecognized compensation cost of unvested option awards was approximately $3.8 million. That cost is expected to be recognized over a weighted-average amortization period of 2.3 years.

Restricted Stock

The Company periodically grants restricted stock awards. The restrictions on these awards lapse over a service period that has ranged from less-than-one to eight years. The weighted-average grant date fair values of restricted stock awards issued during fiscal years 2013, 2012 and 2011 were $5.48, $6.28 and $6.71, respectively. The total fair value of awards for which restrictions lapsed was $1.3 million, $0.5 million and $0.5 million during fiscal years 2013, 2012 and 2011 respectively. As of November 3, 2013, the total compensation cost for restricted stock awards not yet recognized was approximately $1.2 million. That cost is expected to be recognized over a weighted-average amortization period of 2.0 years.

A summary of the status of the Company's outstanding restricted stock awards as of November 3, 2013, is presented below:

Restricted Stock	Shares			Weighted- Average Fair Value at Grant Date

Outstanding at October 28, 2012		252,314		$	7.56
Granted		209,500			5.48
Vested		(157,937	)		6.87
Cancelled		(250	)		13.99
Outstanding at November 3, 2013		303,627			6.48
Expected to vest as of November 3, 2013		275,291			6.42

Employee Stock Purchase Plan

The Company's Employee Stock Purchase Plan ("ESPP") permits employees to purchase shares at 85% of the lower of the fair market value at the commencement of the offering or the last day of the payroll payment period. The maximum number of shares of common stock approved by the Company's shareholders to be purchased under the ESPP was increased from 0.9 million shares to 1.2 million shares during fiscal 2010. The vesting period for shares purchased under the ESPP is approximately one year. Under the ESPP, approximately 1.1 million shares had been issued through November 3, 2013, and approximately 63,000 shares are subject to outstanding subscriptions. As of November 3, 2013, the total compensation cost related to the ESPP not yet recognized was $0.1 million, which is expected to be recognized in fiscal 2014.

CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES [Abstract]

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details

CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES

12 Months Ended

Nov. 03, 2013

CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES

NOTE 12 - CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES

In the first quarter of fiscal 2012 the Company ceased the manufacture of photomasks at its Singapore facility and, in connection therewith, recorded charges of $1.4 million during fiscal 2012. This restructuring, which was comprised primarily of employee termination costs, was substantially completed in fiscal 2012.

The following table sets forth the Company's restructuring reserve, primarily related to its Singapore facility, as of November 3, 2013 and October 28, 2012, and reflects the activity affecting the reserve for the year then ended.

	Year Ended November 3, 2013
	October 29, 2012		Charges		Utilized			November 3, 2013

Employee terminations and other	$	295	$	-	$	(265	)	$	30

	$	295	$	-	$	(265	)	$	30

	Year Ended October 28, 2012
	October 31, 2011		Charges		Utilized			October 28, 2012

Employee terminations and other	$	-	$	1,166	$	(871	)	$	295

Asset write-downs		-		262		(262	)		-

	$	-	$	1,428	$	(1,133	)	$	295

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References+ Details

INCOME TAXES

12 Months Ended

Nov. 03, 2013

INCOME TAXES [Abstract]

INCOME TAXES

NOTE 13 - INCOME TAXES

The income before income tax provision consists of the following:

	Year Ended
	November 3, 2013			October 28, 2012			October 30, 2011

United States	$	(14,164	)	$	(5,474	)	$	(20,396	)
Foreign		40,969			46,122			56,295
	$	26,805		$	40,648		$	35,899

The income tax provision consists of the following:

	Year Ended
	November 3, 2013			October 28, 2012			October 30, 2011
Current:
Federal	$	208		$	81		$	291
State		65			(5	)		74
Foreign		7,222			11,332			15,550

Deferred:
Federal		-			-			-
State		(181	)		-			-
Foreign		(85	)		(615	)		(224	)
Total	$	7,229		$	10,793		$	15,691

The income tax provision differs from the amount computed by applying the statutory U.S. federal income tax rate to the income before income taxes as a result of the following:

	Year Ended
	November 3, 2013			October 28, 2012			October 30, 2011
U.S. federal income tax at statutory rate	$	9,382		$	14,227		$	12,564
Changes in valuation allowances		1,325			1,806			(8,334	)
Distributions from foreign subsidiaries		1,957			2,073			1,925
State income taxes, net of federal benefit		267			(1,956	)		503
Foreign tax rate differentials		(4,851	)		(3,805	)		(4,467	)
Tax credits		(3,967	)		(1,071	)		(522	)
Uncertain tax positions, including reserves, settlements and resolutions		1,471			1,984			1,499
Debt extinguishment losses		-			(2,879	)		11,942
Equity based compensation		765			499			231
Other, net		880			(85	)		350
	$	7,229		$	10,793		$	15,691

The effective tax rate differs from the U.S. statutory rate of 35% in fiscal years 2013 and 2012 primarily due to a higher level of earnings being taxed at lower statutory rates in foreign jurisdictions, combined with the benefit of various investment credits in certain foreign jurisdictions. The effective tax rate differs from the U.S. statutory rate of 35% in fiscal year 2011 primarily due to the impact of the non-deductible debt extinguishment losses related to the Company’s acquisition of a portion of its 5.5% convertible senior notes and the impact of a foreign subsidiary’s tax settlement, offset by a higher level of earnings taxed at lower statutory rates in foreign jurisdictions.

The net deferred income tax assets consist of the following:

	November 3, 2013			October 28, 2012
Deferred income tax assets:
Net operating losses	$	57,631		$	56,252
Reserves not currently deductible		7,101			6,382
Alternative minimum tax credits		3,116			3,116
Tax credit carryforwards		7,051			4,785
Other		1,892			2,634
		76,791			73,169
Valuation allowances		(56,661	)		(55,536	)
		20,130			17,633
Deferred income tax liabilities:
Undistributed earnings of foreign subsidiaries		(5,347	)		(4,575	)
Property, plant and equipment		(890	)		(604	)
Investments		(371	)		(170	)
Other		(992	)		(351	)
		(7,600	)		(5,700	)
Net deferred income tax assets	$	12,530		$	11,933
Reported as:
Current deferred tax assets	$	1,082		$	1,199
Long-term deferred tax assets		12,455			11,395
Long-term deferred tax liabilities		(1,007	)		(661	)
	$	12,530		$	11,933

Unrecognized tax benefits associated with uncertain tax positions were $4.9 million at November 3, 2013, of which $1.7 million is recorded in other liabilities in the consolidated balance sheet, and $3.2 million is recorded as a reduction to deferred tax assets and the related valuation allowance, and were $3.9 million at October 28, 2012, of which $1.9 million is recorded in other liabilities in the consolidated balance sheet, and $2.0 million is recorded as a reduction to deferred tax assets and the related valuation allowance. If recognized, $1.7 million of the benefits would favorably affect the Company's effective tax rate in future periods. Included in these amounts for both fiscal years 2013 and 2012 was $0.1 million for interest and penalties. The Company includes any applicable interest and penalties related to uncertain tax positions in its income tax provision. Shortly after the close of the 2013 fiscal year, the Company reached a settlement with the relevant tax authorities regarding one of its non-US subsidiaries’ 2010 tax year, as reflected below. As of November 3, 2013, the Company believes it is not reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease in the next twelve months. The Company is currently subject to examination by the U.S. for fiscal years 2011 and 2012. With respect to major foreign and state tax jurisdictions, the Company is no longer subject to tax authority examinations for years prior to fiscal year 2008.

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows:

	Year Ended
	November 3, 2013			October 28, 2012			October 30, 2011
Balance at beginning of year	$	3,793		$	1,824		$	1,676

Additions (reductions) for tax positions in prior years		1,224			1,932			709

Additions based on current year tax positions		207			616			502

Settlements		(406	)		(518	)		(1,063	)

Lapses of statutes of limitations		(61	)		(61	)		-
Balance at end of year	$	4,757		$	3,793		$	1,824

As of November 3, 2013, the Company had available U.S. Federal tax operating loss carryforwards of approximately $129.8 million which expire between 2020 and 2033, and research and development tax credit carryforwards of approximately $3.8 million which expire between 2018 and 2033. As of November 3, 2013, the Company also has U.S. state tax operating loss carryforwards of approximately $193.0 million and foreign tax operating loss carryforwards of approximately $40.9 million. These loss carryforwards expire between 2014 and 2033 with the exception of $0.6 million that has an indefinite life.

The Company has established a valuation allowance for a portion of its deferred tax assets because it believes, based on the weight of all available evidence, that it is more likely than not that a portion of its net operating loss carryforwards may expire prior to utilization. The valuation allowance increased (decreased) by $1.1 million, $2.5 million and $(8.2) million in fiscal years 2013, 2012 and 2011, respectively.

As of November 3, 2013, the Company had $3.1 million of alternative minimum tax credit carryforwards that are available to offset future federal income taxes payable. The Company also has state tax credits available of $4.9 million which, if they are not utilized, will begin to expire in 2014 and foreign investment tax credits of $0.1 million.

As of November 3, 2013, the undistributed earnings of foreign subsidiaries included in consolidated retained earnings amounted to $136.4 million, of which $15.3 million of earnings is considered not to be permanently reinvested. The amount of undistributed earnings is calculated taking into account the net amount of earnings of the Company’s foreign subsidiaries, considering its multi-tier subsidiary structure, and translating those earnings into U.S. dollars using exchange rates in effect as of the balance sheet date. During fiscal year 2008 a decision was made to not indefinitely reinvest earnings in certain foreign jurisdictions. No provision has been made for taxes due on the remaining undistributed earnings of $121.1 million considered to be indefinitely invested. Should the Company elect in the future to repatriate the foreign earnings so invested, it may incur additional income tax expense on those foreign earnings, the amount of which is not practicable to compute.

PKLT, the Company's FPD manufacturing facility in Taiwan, has been accorded a tax holiday, which started in 2012 and expires in 2017. In addition, the Company had been accorded a tax holiday in China which expired in 2011. These tax holidays had no dollar or per share effect in the fiscal years ended November 3, 2013, October 28, 2012 and October 30, 2011. In Korea and at Photronics Semiconductor Mask Corporation (PSMC) in Taiwan, various investment tax credits have been earned to reduce the Company's effective income tax rate.

Income tax payments were $10.7 million, $14.3 million and $10.4 million in fiscal 2013, 2012 and 2011, respectively. Cash received for refunds of income taxes paid in prior years amounted to $0.3 million, $0.1 million and $0.2 million in fiscal years 2013, 2012 and 2011, respectively.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

EARNINGS PER SHARE

12 Months Ended

Nov. 03, 2013

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE 14 - EARNINGS PER SHARE

The calculation of basic and diluted earnings per share is presented as follows:

	Year Ended
	November 3, 2013		October 28, 2012			October 30, 2011

Net income attributable to Photronics, Inc. shareholders	$	17,966	$	27,868		$	16,229
Effect of dilutive securities:
Interest expense on convertible notes, net of related tax effects		-		6,168			-
Gain related to common stock warrants fair value adjustment		-		(94	)		-
Earnings for diluted earnings per share	$	17,966	$	33,942		$	16,229
Weighted-average common shares computations:
Weighted-average common shares used for basic earnings per share		60,644		60,055			57,030
Effect of dilutive securities:
Share-based payment awards		813		767			1,145
Common stock warrants		142		219			283
Convertible notes		-		15,423			-
Dilutive potential common shares		955		16,409			1,428
Weighted-average common shares used for diluted earnings per share		61,599		76,464			58,458

Basic earnings per share	$	0.30	$	0.46		$	0.28
Diluted earnings per share	$	0.29	$	0.44		$	0.28

The table below shows the outstanding weighted-average share-based payment awards and common stock warrants that were excluded from the calculation of diluted earnings per share because their exercise price exceeded the average market value of the common shares for the period or, under application of the treasury stock method, they were otherwise determined to be antidilutive. The table also shows convertible notes that, if converted, would have been antidilutive.

	Year Ended
	November 3, 2013		October 28, 2012		October 30, 2011

Convertible notes		6,168		-		13,994
Share based payment awards		2,880		2,587		2,407
Common stock warrants		-		-		213
Total potentially dilutive shares excluded		9,048		2,587		16,614

In the first quarter of fiscal year 2014, the Company awarded approximately 0.7 million shared-based payment awards to its employees and directors.

SUBSIDIARY SHARE REPURCHASE [Abstract]

The entire disclosure for earnings per share.

+ References+ Details

SUBSIDIARY SHARE REPURCHASE

12 Months Ended

Nov. 03, 2013

SUBSIDIARY SHARE REPURCHASE

NOTE 15 – SUBSIDIARY SHARE REPURCHASE

Since the second quarter of fiscal 2011, the board of directors of PSMC, a subsidiary of the Company based in Taiwan, has authorized several share repurchase programs for PSMC to purchase for retirement shares of its outstanding common stock. The last of these repurchase programs concluded in the first quarter of fiscal 2013. During the year ended November 3, 2013, PSMC purchased 9.2 million shares at a cost of $4.2 million. PSMC purchased 35.9 million shares at a cost of $15.6 million during the year ended October 28, 2012. These repurchase programs increased the Company's ownership in PSMC from 62.25% at October 30, 2011, to 72.09% at October 28, 2012, and to 75.11% at January 27, 2013.

In June 2013 the Company completed a tender offer, which had commenced in April 2013, for the outstanding shares of PSMC. A total of 50.3 million shares were purchased at the offering price of 16.30 NTD, equivalent to a total of $27.4 million, which increased the Company’s ownership interest in PSMC to 98.13%. In September 2013 the Company further increased its ownership interest in PSMC to 98.63% with the purchase of an additional 1.1 million shares of PSMC for $0.7 million.

The table below presents the effect of the change in the Company’s ownership interest in PSMC on the Company's equity for fiscal years 2013, 2012 and 2011 (60.5 million, 35.9 million and 21.6 million shares of common stock of PSMC purchased, respectively).

	Year Ended
	November 3, 2013			October 28, 2012			October 30, 2011

Net income attributable to Photronics, Inc. shareholders	$	17,966		$	27,868		$	16,229

Increase (decrease) in Photronics, Inc.'s additional paid-in capital		600			1,985			(201	)

Decrease in Photronics, Inc.’s accumulated other comprehensive income		(237	)		(78	)		-
Change from net income attributable to Photronics, Inc. shareholders and transfers to or from noncontrolling interests	$	18,329		$	29,775		$	16,028

In November 2013 the Company announced that it had entered into an agreement to merge PSMC with DNP Photomask Technology Taiwan Co., Ltd., a wholly owned subsidiary of Dai Nippon Printing Co., Ltd. (DNP), to form a joint venture which will operate under the name of Photronics DNP Mask Corporation (PDMC). See Note 22 for further discussion.

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References+ Details

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Nov. 03, 2013
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 16 - COMMITMENTS AND CONTINGENCIES At November 3, 2013, the Company had outstanding purchase commitments of $48 million, which included $42 million related to capital expenditures, and had recorded liabilities for the purchase of equipment of $19 million. See Note 9 for operating lease commitments. The Company is subject to various claims that arise in the ordinary course of business. The Company believes such claims, individually or in the aggregate, will not have a material effect on its consolidated financial statements.

GEOGRAPHIC AND SIGNIFICANT CUSTOMER INFORMATION [Abstract]

The entire disclosure for commitments and contingencies.

+ References+ Details

GEOGRAPHIC AND SIGNIFICANT CUSTOMER INFORMATION

12 Months Ended

Nov. 03, 2013

GEOGRAPHIC AND SIGNIFICANT CUSTOMER INFORMATION

NOTE 17 - GEOGRAPHIC AND SIGNIFICANT CUSTOMER INFORMATION

The Company operates as a single operating segment as a manufacturer of photomasks, which are high precision quartz plates containing microscopic images of electronic circuits for use in the fabrication of IC's and FPDs. Geographic net sales are based primarily on where the Company's manufacturing facility is located.

The Company's 2013, 2012 and 2011 net sales by geographic area and of ICs and FPDs, and long-lived assets by geographic area were as follows:

	Year Ended
	November 3, 2013		October 28, 2012		October 30, 2011
Net sales
Korea	$	134,300	$	161,154	$	171,327
United States		127,054		135,170		158,005
Taiwan		117,364		109,232		122,070
Europe		41,126		40,653		46,613
All other		2,336		4,230		14,005
	$	422,180	$	450,439	$	512,020

IC	$	320,579	$	350,105	$	391,158
FPD		101,601		100,334		120,862
	$	422,180	$	450,439	$	512,020

	As of
	November 3, 2013		October 28, 2012		October 30, 2011
Long-lived assets
United States	$	191,518	$	177,614	$	159,845
Korea		153,878		120,628		119,855
Taiwan		66,836		72,185		77,367
Europe		10,471		10,262		10,879
All other		37		119		734
	$	422,740	$	380,808	$	368,680

Samsung Electronics Co., Ltd. accounted for 18%, 22% and 20% of the Company's net sales in fiscal years 2013, 2012 and 2011, respectively.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT [Abstract]

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 32

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 26

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 29

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 34

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 35

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 41

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 30

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 42

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 31

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 40

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

+ Details

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT

12 Months Ended

Nov. 03, 2013

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT

NOTE 18 - CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT

The following tables set forth the changes in the Company's accumulated other comprehensive income by component (net of tax of $0) for the year ended November 3, 2013:

	Year Ended November 3, 2013
	Foreign Currency		Amortization
	Translation		of Cash
	Adjustments		Flow Hedge			Other			Total

Balance at October 29, 2012	$	17,241	$	(690	)	$	(651	)	$	15,900
Other comprehensive income before reclassifications		9,805		-			54			9,859
Amounts reclassified from other comprehensive income		-		128			-			128
Net current period other comprehensive income		9,805		128			54			9,987
Less: other comprehensive loss attributable to noncontrolling interests		751		-			2			753
Purchase of common stock of subsidiary		-		-			(237	)		(237	)
Balance at November 3, 2013	$	27,797	$	(562	)	$	(832	)	$	26,403

The amortization of the cash flow hedge is included in Cost of sales in the condensed consolidated statements of income for all periods presented.

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e637-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 14

-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e681-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e689-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669619-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e640-108580

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 17

-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e716-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 16

-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e709-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Reclassification Adjustments

-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

CONCENTRATIONS OF CREDIT RISK	12 Months Ended
CONCENTRATIONS OF CREDIT RISK	Nov. 03, 2013
CONCENTRATIONS OF CREDIT RISK [Abstract]
CONCENTRATIONS OF CREDIT RISK	NOTE 19 – CONCENTRATIONS OF CREDIT RISK Financial instruments that potentially subject the Company to credit risk principally consist of trade accounts receivables and temporary cash investments. The Company sells its products primarily to manufacturers in the semiconductor and FPD industries in North America, Europe and Asia. The Company believes that the concentration of credit risk in its trade receivables is substantially mitigated by the Company's ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information. The Company's cash and cash equivalents are deposited in several financial institutions, including institutions located within all of the countries in which it manufactures photomasks. Portions of deposits in some of these institutions may exceed the amount of insurance available for such deposits at these institutions. As these deposits are generally redeemable upon demand and are held by high quality, reputable institutions, the Company considers them to bear minimal credit risk. The Company further mitigates credit risks related to its cash and cash equivalents by spreading such risk among a number of institutions.

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References+ Details

OTHER RELATED PARTY TRANSACTIONS	12 Months Ended
OTHER RELATED PARTY TRANSACTIONS	Nov. 03, 2013
OTHER RELATED PARTY TRANSACTIONS [Abstract]
OTHER RELATED PARTY TRANSACTIONS	NOTE 20 - OTHER RELATED PARTY TRANSACTIONS The chairman of the board and chief executive officer of the Company is also the vice chairman of the board and majority shareholder of a company that provides secure managed information technology services to Photronics. Another director of the Company is also a shareholder, chief executive officer and executive chairman of the board of this company. Since 2002, the Company has entered into various service contracts with this company to provide services to all of the Company's worldwide facilities. The Company incurred expenses for services provided by this company of $1.7 million, $1.8 million, and $1.8 million in fiscal years 2013, 2012 and 2011, respectively, and had an outstanding balance of $0.1 million and $0.2 million due to this company as of November 3, 2013 and October 28, 2012, respectively. As of November 3, 2013, the Company had contracted with this company for various services through June 2015 at a cost of $2.2 million. The Company purchases photomask blanks from a company of which an officer of the Company is a significant shareholder. The Company purchased $20.0 million, $20.1 million and $21.4 million of photomask blanks from this company in 2013, 2012 and 2011, respectively, for which the amount owed to this company was $4.6 million at November 3, 2013, and $4.2 million at October 28, 2012. The Company believes that the terms of its transactions with related parties described above were negotiated at arm's length and were no less favorable to the Company than terms it could have obtained from unrelated third parties. See Note 4 for other related party transactions.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

FAIR VALUE MEASUREMENTS

12 Months Ended

Nov. 03, 2013

FAIR VALUE MEASUREMENTS [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 21 - FAIR VALUE MEASUREMENTS

The accounting framework for determining fair value includes a hierarchy for ranking the quality and reliability of the information used to measure fair value, which enables the reader of the financial statements to assess the inputs used to develop those measurements. The fair value hierarchy consists of three tiers as follows: Level 1, defined as quoted market prices in active markets for identical securities; Level 2, defined as inputs other than Level 1 that are observable, either directly or indirectly; and Level 3, defined as unobservable inputs that are not corroborated by market data.

The Company did not have any assets or liabilities measured at fair value, on a recurring or a nonrecurring basis, at November 3, 2013 or October 28, 2012.

Fair Value of Other Financial Instruments

The fair values of the Company's cash and cash equivalents (Level 1 measurements), accounts receivable, accounts payable, and certain other current assets and current liabilities (Level 2 measurements) approximate their carrying value due to their short-term maturities. The fair value of the Company's variable rate term loan is a Level 2 measurement and approximates its carrying value due to the variable nature of the underlying interest rates. The fair value of the Company's convertible senior notes is a Level 2 measurement that is determined using recent bid prices. The fair value of the Company's financing loan with a customer was a Level 2 measurement that approximated its carrying value due to its short-term maturity.

The table below presents the fair and carrying values of the Company's convertible senior notes at November 3, 2013 and October 28, 2012.

	November 3, 2013				October 28, 2012
	Fair Value		Carrying Value		Fair Value		Carrying Value

3.25% convertible senior notes	$	130,330	$	115,000	$	110,239	$	115,000
5.5% convertible senior notes	$	37,567	$	22,054	$	27,755	$	22,054

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) [Abstract]

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References+ Details

PENDING MERGER OF PSMC WITH DNP PHOTOMASK TECHNOLOGY TAIWAN CO., LTD.	12 Months Ended
	Nov. 03, 2013
PENDING MERGER OF PSMC WITH DNP PHOTOMASK TECHNOLOGY TAIWAN CO., LTD. [Abstract]
PENDING MERGER OF PSMC WITH DNP PHOTOMASK TECHNOLOGY TAIWAN CO., LTD.	NOTE 22 – PENDING MERGER OF PSMC WITH DNP PHOTOMASK TECHNOLOGY TAIWAN CO., LTD. In November 2013 the Company announced that it had entered into an agreement to merge PSMC with DNP Photomask Technology Taiwan Co., Ltd., a wholly owned subsidiary of Dai Nippon Printing Co., Ltd. (DNP), to form a joint venture to operate under the name of Photronics DNP Mask Corporation (PDMC). The pending merger, which is a noncash transaction, would result in the Company owning 50.01% and DNP owning 49.99% of PDMC, whose financial results would be included in the Company’s consolidated financial statements. The merger is subject to regulatory approvals and customary closing conditions, and is expected to be completed during the first half of fiscal 2014.

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

12 Months Ended

Nov. 03, 2013

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

NOTE 23 - QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following table sets forth certain unaudited quarterly financial data:

	First		Second		Third		Fourth		Year
Fiscal 2013:
							(a)		(a)
Net sales	$	99,839	$	106,680	$	109,652	$	106,009	$	422,180
Gross margin		21,098		24,789		27,078		26,675		99,640
Net income		2,859		5,442		6,364		4,911		19,576
Net income attributable to Photronics, Inc. shareholders		2,323		4,863		5,940		4,840		17,966

Earnings per share:
Basic	$	0.04	$	0.08	$	0.10	$	0.08	$	0.30
Diluted	$	0.04	$	0.08	$	0.10	$	0.08	$	0.29

Fiscal 2012:	(b) (c)		(d)				(e)		(b) (c) (d) (e)

Net sales	$	112,154	$	117,451	$	116,616	$	104,218	$	450,439
Gross margin		25,458		29,861		32,304		24,297		111,920
Net income		4,841		9,530		11,267		4,217		29,855
Net income attributable to Photronics, Inc. shareholders		4,268		8,818		10,950		3,832		27,868

Earnings per share:
Basic	$	0.07	$	0.15	$	0.18	$	0.06	$	0.46
Diluted	$	0.07	$	0.14	$	0.16	$	0.06	$	0.44

(a)	Includes transaction expenses of $0.8 million, net of tax, in connection with the pending joint venture with DNP Photomask Technology Co., Ltd.

(b)	Includes consolidation and restructuring charges of $1.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.

(c)	Includes non-cash gain of $0.1 million, net of tax, in connection with subsequent measurement at fair value of warrants issued to purchase the Company’s stock.

(d)	Includes consolidation and restructuring charges of $0.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.

(e)	Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Nov. 03, 2013
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 24 - RECENT ACCOUNTING PRONOUNCEMENTS In February 2013 the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2013-02, “Reporting Amounts Reclassified Out of Other Comprehensive Income”. The amendments included in ASU No. 2013-02 require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component, and present changes in accumulated balances for each component of comprehensive income on an interim basis. The Company adopted the provisions of ASU No. 2013-02 in the year ended November 3, 2013, and has presented its required disclosures in Note 18.

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

Schedule II-Valuation and Qualifying Accounts [Abstract]

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 01

-Paragraph b

-Subparagraph 6

-Article 10

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 270

-SubTopic 10

-Section 45

-Paragraph 13

-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 270

-SubTopic 10

-Section 45

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 250

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22499-107794

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 250

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Direct Effects of a Change in Accounting Principle

-URI http://asc.fasb.org/extlink&oid=6510796

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Indirect Effects of a Change in Accounting Principle

-URI http://asc.fasb.org/extlink&oid=6515603

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Accounting Change

-URI http://asc.fasb.org/extlink&oid=6503790

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Change in Accounting Principle

-URI http://asc.fasb.org/extlink&oid=6507316

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 270

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.10-01.(b)(6))

-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Retrospective Application

-URI http://asc.fasb.org/extlink&oid=6523989

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 250

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22583-107794

+ Details

Schedule II-Valuation and Qualifying Accounts

12 Months Ended

Nov. 03, 2013

Schedule II-Valuation and Qualifying Accounts

	Schedule II

	Valuation and Qualifying Accounts
	for the Years Ended November 3, 2013, October 28, 2012
	and October 30, 2011
	(in thousands)

	Balance at		Charged to							Balance at
	Beginning of		Costs and							End of
	Year		Expenses			Deductions				Year
Allowance for Doubtful Accounts

Year ended November 3, 2013	$	3,902	$	(398	)	$	37		(a)	$	3,541
Year ended October 28, 2012	$	4,055	$	(203	)	$	50		(a)	$	3,902
Year ended October 30, 2011	$	4,235	$	298		$	(478	)	(a)	$	4,055

Deferred Tax Asset Valuation Allowance

Year ended November 3, 2013	$	55,536	$	1,125		$	-			$	56,661
Year ended October 28, 2012	$	53,063	$	3,331		$	(858	)	(b)	$	55,536
Year ended October 30, 2011	$	61,303	$	-		$	(8,240	)	(b)	$	53,063

(a)	Uncollectible accounts written off and impact of foreign currency translation.

(b)	Primarily due to utilization of net operating losses and expiration of investment tax credit.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Nov. 03, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Consolidation	Consolidation The accompanying consolidated financial statements include the accounts of Photronics, Inc. and its majority-owned subsidiaries that the Company controls. All intercompany balances and transactions have been eliminated in consolidation.
Estimates and Assumptions	Estimates and Assumptions The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect amounts reported in them. Actual results may differ from such estimates.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company records derivatives in the consolidated balance sheets as assets or liabilities, measured at fair value. The Company does not engage in derivative instruments for speculative purposes. Gains or losses resulting from changes in the values of those derivatives are reflected in earnings, or as accumulated other comprehensive income or loss, a separate component of equity, depending on the use of the derivatives and whether they qualify for hedge accounting. In order to qualify for hedge accounting, among other criteria, a derivative must be a hedge of an interest rate, price, foreign currency exchange rate, or credit risk that is expected to be highly effective at the inception of the hedge, be highly effective in achieving offsetting changes in the fair value or cash flows of the hedged item during the term of the hedge and formally documented at the inception of the hedge. In general, the types of risks the Company has hedged are those related to the variability of future cash flows caused by movements in foreign currency exchange and interest rates. The Company documents its risk management strategy and hedge effectiveness at the inception of, and during the term of, each hedge.
Fiscal Year	Fiscal Year The Company's fiscal year ends on the Sunday closest to October thirty-first, and, as a result, a 53-week year occurs every 5 to 6 years. Fiscal year 2013 included 53 weeks, while fiscal years 2012 and 2011 each included 52 weeks.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash and highly liquid investments purchased with an original maturity of 3 months or less. The carrying values of cash equivalents approximate their fair values due to the short-term maturities of these instruments.
Inventories	Inventories Inventories are primarily comprised of raw materials and are stated at the lower of cost, determined under the first-in, first-out ("FIFO") method, or market.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment, except as explained below under "Impairment of Long-Lived Assets," are stated at cost less accumulated depreciation and amortization. Repairs and maintenance, as well as renewals and replacements of a routine nature, are charged to operations as incurred, while those that improve or extend the lives of existing assets are capitalized. Upon sale or other disposition, the cost of the asset and accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in earnings. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the related assets. Buildings and improvements are depreciated over 15 to 40 years, machinery and equipment over 3 to 10 years and, furniture, fixtures and office equipment over 3 to 5 years. Leasehold improvements are amortized over the life of the lease or the estimated useful life of the improvement, whichever is less. Judgment and assumptions are used in establishing estimated useful lives and depreciation periods. The Company also uses judgment and assumptions as it periodically reviews property, plant and equipment for any potential impairment in carrying values whenever events such as a significant industry downturn, plant closures, technological obsolescence, or other change in circumstances indicate that their carrying amounts may not be recoverable.
Intangible Assets	Intangible Assets Intangible assets consist primarily of a technology license agreement, a supply agreement and acquisition-related intangibles. These assets are stated at fair value as of the date acquired less accumulated amortization. Amortization is calculated based on the estimated useful lives of the assets, which range from 3 to 15 years, using the straight-line method or another method that more fairly represents the utilization of the assets. The Company periodically evaluates the remaining useful lives of its intangible assets to determine whether events or circumstances warrant a revision to the remaining periods of amortization. In the event that the estimate of an intangible asset’s remaining useful life has changed, the remaining carrying amount of the intangible asset is amortized prospectively over that revised remaining useful life. If it is determined that an intangible asset has an indefinite useful life, that intangible asset would be subject to impairment testing annually or whenever events or circumstances indicate that the carrying value may not, based on future undiscounted cash flows or market factors, be recoverable, and an impairment loss would be recorded in the period so determined. The measurement of the impairment loss would be based on the fair value of the intangible asset.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on the Company's judgment and estimates of undiscounted future cash flows resulting from the use of the assets and their eventual disposition. Measurement of an impairment loss for long-lived assets that management expects to hold and use is based on the fair value of the assets. The carrying values of assets determined to be impaired are reduced to their estimated fair values. Fair values of any impaired assets would generally be determined using a market or income approach.
Business Combinations	Business Combinations When acquiring other businesses or participating in mergers or joint ventures in which the Company is deemed to be the acquirer, the Company generally recognizes identifiable assets acquired, liabilities assumed and any noncontrolling interests at their acquisition date fair values, and separately from any goodwill that may be required to be recognized. If applicable, goodwill, when recognizable, would be measured as the excess amount of any consideration transferred, which is generally measured at fair value, over the acquisition date fair values of the identifiable assets acquired and liabilities assumed. Accounting for such transactions requires the Company’s management to make significant assumptions and estimates and, although the Company believes any estimates and assumptions it makes to be reasonable and appropriate at the time they are made, unanticipated events and circumstances may arise that affect their accuracy, causing actual results to differ from those estimated by the Company. When required, the Company will adjust the values of the assets acquired and liabilities assumed against the acquisition gain or goodwill, as initially recorded, for a period of up to one year after the transaction. Costs incurred to effect a merger or acquisition, such as legal, accounting, valuation and other third party costs, as well as internal general and administrative costs incurred are charged to expense in the periods incurred. Costs incurred to issue any debt and equity securities are recognized in accordance with other applicable generally accepted accounting principles.
Investments in Joint Ventures	Investments in Joint Ventures The financial results of investments in joint ventures of which the Company has a controlling financial interest are included in the Company’s consolidated financial statements. Investments in joint ventures over which the Company has the ability to exercise significant influence and that, in general, are at least 20 percent owned are accounted for under the equity method. An impairment loss would be recognized whenever a decrease in the fair value of such an investment below its carrying amount is determined to be other than temporary. In judging "other than temporary," the Company would consider the length of time and the extent to which the fair value of the investment has been less than the carrying amount of the investment, the near-term and longer-term operating and financial prospects of the investee, and the Company's longer-term intent of retaining its investment in the investee.
Variable Interest Entities	Variable Interest Entities The Company accounts for the investments it makes in certain legal entities in which equity investors do not have 1) sufficient equity at risk for the legal entity to finance its activities without additional subordinated financial support or, 2) as a group, the holders of the equity investment at risk do not have either the power, through voting or similar rights, to direct the activities of the legal entity that most significantly impact the entity’s economic performance or, 3) the obligation to absorb the expected losses of the legal entity or the right to receive expected residual returns of the legal entity. These certain legal entities are referred to as “variable interest entities”, or “VIEs”. The Company would consolidate the results of any such entity in which it determined that it has a controlling financial interest. The Company would have a “controlling financial interest” in such an entity when the Company has both the power to direct the activities that most significantly affect the VIE’s economic performance and the obligation to absorb the losses of, or right to receive benefits from, the VIE that could be potentially significant to the VIE. On a quarterly basis, the Company reassesses whether it has a controlling financial interest in any investments it has in these certain legal entities.
Income Taxes	Income Taxes The income tax provision is computed on the basis of the various tax jurisdictions' income or loss before income taxes. Deferred income taxes reflect the tax effects of differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as the tax effects of net operating losses and tax credit carryforwards. The Company uses judgment and assumptions to determine if valuation allowances for deferred income tax assets are required, if their realization is not more likely than not, by considering future market growth, forecasted operations, future taxable income, and the amount of earnings in the tax jurisdictions in which it operates. The Company considers income taxes in each of the tax jurisdictions in which it operates in order to determine its effective income tax rate. Current income tax exposure is identified and temporary differences resulting from differing treatments of items for tax and financial reporting purposes are assessed. These differences result in deferred tax assets and liabilities, which are included in the Company's consolidated balance sheets. Additionally, the Company evaluates the potential realization of deferred income tax assets from future taxable income and establishes valuation allowances if their realization is deemed not more likely than not. Accordingly, income taxes charged against earnings may have been impacted by changes in the valuation allowance. Significant management estimates and judgment are required in determining any valuation allowances recorded against net deferred tax assets.
Uncertain Tax Positions	The Company accounts for uncertain tax positions by recording a liability for unrecognized tax benefits resulting from uncertain tax positions taken, or expected to be taken, in its tax returns. The Company includes any applicable interest and penalties related to uncertain tax positions in its income tax provision.
Earnings Per Share	Earnings Per Share Basic earnings per share ("EPS") is based on the weighted-average number of common shares outstanding for the period, excluding any dilutive common share equivalents. Diluted EPS reflects the potential dilution that could occur if certain share-based payment awards or financial instruments were exercised, earned or converted.
Share-Based Compensation	Share-Based Compensation The Company recognizes share-based compensation expense over the service period that the awards are expected to vest. Share-based compensation expense includes the estimated effects of forfeitures, which are adjusted over the requisite service period to the extent actual forfeitures differ, or are expected to differ, from such estimates. Changes in estimated forfeitures are recognized in the period of change and will also impact the amount of expense to be recognized in future periods. Determining the appropriate option pricing model, calculating the grant date fair value of share-based awards and estimating forfeiture rates requires considerable judgment, including the estimations of stock price volatility and the expected term of options granted. The Company uses the Black-Scholes option pricing model to value employee stock options. The Company estimates stock price volatility based on daily averages of its historical volatility over a term approximately equal to the estimated time period the grant will remain outstanding. The expected term of options and forfeiture rate assumptions are derived from historical data.
Research and Development	Research and Development Research and development costs are expensed as incurred, and consist primarily of global development efforts related to high-end process technologies for advanced sub-wavelength reticle solutions for IC photomask technologies. Research and development expenses also include the amortization of the carrying value of a technology license agreement with Micron Technology, Inc. (“Micron”). Under this technology license agreement, the Company has access to certain photomask technology developed by Micron.
Foreign Currency Translation	Foreign Currency Translation The Company's international subsidiaries maintain their accounts in their respective local currencies. Assets and liabilities of such subsidiaries are translated to U.S. dollars at year-end exchange rates. Income and expenses are translated at average rates of exchange prevailing during the year. Foreign currency translation adjustments are accumulated and reported in accumulated other comprehensive income, a component of equity. The effects of changes in exchange rates on foreign currency transactions, which are included in interest and other income (expense), net were a net gain of $0.5 million, $0.2 million and $0.4 million in fiscal years 2013, 2012 and 2011, respectively.
Noncontrolling Interests	Noncontrolling Interests Noncontrolling interests represents the minority shareholders' proportionate share in the equity of the Company's two majority-owned subsidiaries, PK Ltd. ("PKL") in Korea of which noncontrolling shareholders owned approximately 0.3% as of November 3, 2013 and October 28, 2012, and Photronics Semiconductor Mask Corporation ("PSMC") in Taiwan, of which noncontrolling interests owned 1.37% and 27.91%, as of November 3, 2013 and October 28, 2012, respectively. The effect on its equity of the change in the Company’s ownership interest in PSMC is presented in Note 15.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when there is persuasive evidence that an arrangement exists, delivery has occurred, the sales price is fixed or determinable, and collectability is reasonably assured. Delivery is determined by the shipping terms of the individual sales transactions. For sales with FOB destination shipping terms, delivery occurs when the Company’s product reaches its destination and is received by the customer. For sales with FOB shipping point terms, delivery occurs when the Company’s product is received by the common carrier. The Company uses judgment when estimating the effect on revenue of discounts and product warranty obligations, both of which are accrued when the related revenue is recognized.
Warranty and Other Post Shipment Obligations	Warranties and Other Post Shipment Obligations – For a 30-day period, the Company warrants that items sold will conform to customer specifications. However, the Company’s liability is limited to the repair or replacement of the photomasks at its sole option. The Company inspects photomasks for conformity to customer specifications prior to shipment. Accordingly, customer returns of items under warranty have historically been insignificant. However, the Company records a liability for the insignificant amount of estimated warranty returns based on historical experience. The Company’s specific return policies include accepting returns of products with defects, or products that have not been produced to precise customer specifications. At the time of revenue recognition, a liability is established for these items.
Sales Taxes	Sales Taxes – The Company reports its revenues net of any sales taxes billed to its customers.

SHARE-BASED COMPENSATION (Policies)	12 Months Ended
SHARE-BASED COMPENSATION (Policies)	Nov. 03, 2013
SHARE-BASED COMPENSATION [Abstract]
Stock options accounting policy	Option awards generally vest in one to four years, and have a ten year contractual term. All incentive and non-qualified stock option grants must have an exercise price no less than the market value of the underlying common stock on the date of grant. The grant date fair values of options are based on the closing prices of the Company’s common stock on the date of grant using the Black-Scholes option pricing model. Expected volatility is based on the historical volatility of the Company's stock. The Company uses historical option exercise behavior and employee termination data to estimate expected term, which represents the period of time that the options granted are expected to remain outstanding. The risk-free rate of return for the estimated term of the option is based on the U.S. Treasury yield curve in effect at the date of grant.

INCOME TAXES (Policies)	12 Months Ended
INCOME TAXES (Policies)	Nov. 03, 2013
INCOME TAXES [Abstract]
Unremitted Earnings in Foreign Investment	As of November 3, 2013, the undistributed earnings of foreign subsidiaries included in consolidated retained earnings amounted to $136.4 million, of which $15.3 million of earnings is considered not to be permanently reinvested. The amount of undistributed earnings is calculated taking into account the net amount of earnings of the Company’s foreign subsidiaries, considering its multi-tier subsidiary structure, and translating those earnings into U.S. dollars using exchange rates in effect as of the balance sheet date. During fiscal year 2008 a decision was made to not indefinitely reinvest earnings in certain foreign jurisdictions. No provision has been made for taxes due on the remaining undistributed earnings of $121.1 million considered to be indefinitely invested. Should the Company elect in the future to repatriate the foreign earnings so invested, it may incur additional income tax expense on those foreign earnings, the amount of which is not practicable to compute.

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Nov. 03, 2013

PROPERTY, PLANT AND EQUIPMENT [Abstract]

Property, plant and equipment

Property, plant and equipment consists of the following:

	November 3, 2013		October 28, 2012

Land	$	8,692	$	8,538
Buildings and improvements		103,676		101,409
Machinery and equipment		1,225,091		1,197,854
Leasehold improvements		4,179		5,854
Furniture, fixtures and office equipment		11,546		13,484
Construction in progress		97,319		26,642
		1,450,503		1,353,781
Less accumulated depreciation and amortization		1,027,763		972,973
	$	422,740	$	380,808

Property under capital leases included in property, plant and equipment

Property under capital leases are included in above property, plant and equipment as follows:

	November 3, 2013		October 28, 2012

Machinery and equipment	$	21,327	$	21,327
Construction in progress		34,918		-
		56,245		21,327
Less accumulated amortization		4,932		2,758
	$	51,313	$	18,569

INTANGIBLE ASSETS (Tables)

12 Months Ended

Nov. 03, 2013

INTANGIBLE ASSETS [Abstract]

Intangible assets

Intangible assets consist of:

As of November 3, 2013	Gross Amount		Accumulated Amortization		Net Amount
Technology license agreement	$	59,616	$	29,477	$	30,139
Customer lists		7,210		5,599		1,611
Supply agreement		6,959		6,381		578
Software and other		5,728		3,976		1,752
	$	79,513	$	45,433	$	34,080
As of October 28, 2012

Technology license agreement	$	59,616	$	25,503	$	34,113
Customer lists		7,210		4,876		2,334
Supply agreement		6,959		6,157		802
Software and other		3,491		3,356		135
	$	77,276	$	39,892	$	37,384

Intangible asset amortization over the next five years

Intangible asset amortization over the next five years is estimated to be as follows:

Fiscal Years:

2014	$	5,689
2015		5,689
2016		4,497
2017		3,974
2018		3,974

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Nov. 03, 2013

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]

Effect of derivative instruments on entity's condensed consolidated statements of operations

The table below presents the effect of derivative instruments on the Company's consolidated statements of income for the years ended November 3, 2013, October 28, 2012 and October 30, 2011.

		Amount of Gain (Loss) Recognized Related to Derivative Instruments
		Year Ended
Derivatives Not Designated as Hedging Instruments Under ASC 815	Location of Gain (Loss) Recognized Related to Derivative Instruments	November 3, 2013		October 28, 2012		October 30, 2011


Warrants on common stock	Interest and other income (expense), net	$	-	$	94	$	(424	)

LONG-TERM BORROWINGS (Tables)

12 Months Ended

Nov. 03, 2013

LONG-TERM BORROWINGS [Abstract]

Long-term borrowings

Long-term borrowings consist of the following:

	November 3, 2013		October 28, 2012

3.25% convertible senior notes due in April 2016	$	115,000	$	115,000

2.77% capital lease obligation payable through July 2018		25,065		-

5.50% convertible senior notes due in October 2014		22,054		22,054

Term loan, which bears interest at a variable rate, as defined (2.69% at November 3, 2013), repaid in December 2013		21,250		23,750

3.09% capital lease obligation payable through March 2016		10,652		15,175

4.75% financing loan with customer		-		758

		194,021		176,737
Less current portion		11,818		7,781
	$	182,203	$	168,956

Minimum lease payments under the Company's capital lease obligations

As of November 3, 2013, minimum lease payments under the Company's capital lease obligation were as follows:

Fiscal Years:

2014	$	10,218
2015		10,218
2016		7,076
2017		6,108
2018		4,228
		37,848
Less interest		2,131
Net minimum lease payments under capital leases		35,717
Less current portion of net minimum lease payments		9,318
Long-term portion of minimum lease payments		26,399

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

Weighted-average inputs and risk-free rate of return ranges used to calculate the grant date fair value of options

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(e),(f))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 55

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 470

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

+ Details

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Nov. 03, 2013

SHARE-BASED COMPENSATION [Abstract]

	Year Ended
	November 3, 2013			October 28, 2012			October 30, 2011

Expected volatility		98.0	%		102.1	%		98.7	%

Risk-free rate of return		0.5 – 1.4	%		0.6 – 0.9	%		0.7 – 1.9	%

Dividend yield		0.0	%		0.0	%		0.0	%

Expected term	4.3 years			4.3 years			4.2 years

Summary of option activity

A summary of option activity under the Plan as of November 3, 2013, and changes during the year then ended is presented as follows:

Options	Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life	Aggregate Intrinsic Value

Outstanding at October 28, 2012		3,999,302		$	8.34
Granted		616,500			5.78
Exercised		(327,469	)		1.54
Cancelled and forfeited		(114,031	)		10.84
Outstanding at November 3, 2013		4,174,302		$	8.43	5.6 years	$	10,198
Exercisable at November 3, 2013		2,691,323		$	9.83	4.3 years	$	6,639
Expected to vest as of November 3, 2013		1,325,098		$	8.52	8.1 years	$	3,192

Summary of the status of the Company's outstanding restricted stock awards

A summary of the status of the Company's outstanding restricted stock awards as of November 3, 2013, is presented below:

Restricted Stock	Shares			Weighted- Average Fair Value at Grant Date

Outstanding at October 28, 2012		252,314		$	7.56
Granted		209,500			5.48
Vested		(157,937	)		6.87
Cancelled		(250	)		13.99
Outstanding at November 3, 2013		303,627			6.48
Expected to vest as of November 3, 2013		275,291			6.42

CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES (Tables)

12 Months Ended

Nov. 03, 2013

CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES [Abstract]

	Year Ended November 3, 2013
	October 29, 2012		Charges		Utilized			November 3, 2013

Employee terminations and other	$	295	$	-	$	(265	)	$	30

	$	295	$	-	$	(265	)	$	30

	Year Ended October 28, 2012
	October 31, 2011		Charges		Utilized			October 28, 2012

Employee terminations and other	$	-	$	1,166	$	(871	)	$	295

Asset write-downs		-		262		(262	)		-

	$	-	$	1,428	$	(1,133	)	$	295

INCOME TAXES (Tables)

12 Months Ended

Nov. 03, 2013

INCOME TAXES [Abstract]

Income (loss) before income tax provision for domestic and foreign

The income before income tax provision consists of the following:

	Year Ended
	November 3, 2013			October 28, 2012			October 30, 2011

United States	$	(14,164	)	$	(5,474	)	$	(20,396	)
Foreign		40,969			46,122			56,295
	$	26,805		$	40,648		$	35,899

Income tax provision

The income tax provision consists of the following:

	Year Ended
	November 3, 2013			October 28, 2012			October 30, 2011
Current:
Federal	$	208		$	81		$	291
State		65			(5	)		74
Foreign		7,222			11,332			15,550

Deferred:
Federal		-			-			-
State		(181	)		-			-
Foreign		(85	)		(615	)		(224	)
Total	$	7,229		$	10,793		$	15,691

Income tax rate reconciliation

The income tax provision differs from the amount computed by applying the statutory U.S. federal income tax rate to the income before income taxes as a result of the following:

	Year Ended
	November 3, 2013			October 28, 2012			October 30, 2011
U.S. federal income tax at statutory rate	$	9,382		$	14,227		$	12,564
Changes in valuation allowances		1,325			1,806			(8,334	)
Distributions from foreign subsidiaries		1,957			2,073			1,925
State income taxes, net of federal benefit		267			(1,956	)		503
Foreign tax rate differentials		(4,851	)		(3,805	)		(4,467	)
Tax credits		(3,967	)		(1,071	)		(522	)
Uncertain tax positions, including reserves, settlements and resolutions		1,471			1,984			1,499
Debt extinguishment losses		-			(2,879	)		11,942
Equity based compensation		765			499			231
Other, net		880			(85	)		350
	$	7,229		$	10,793		$	15,691

Net deferred income tax assets

The net deferred income tax assets consist of the following:

	November 3, 2013			October 28, 2012
Deferred income tax assets:
Net operating losses	$	57,631		$	56,252
Reserves not currently deductible		7,101			6,382
Alternative minimum tax credits		3,116			3,116
Tax credit carryforwards		7,051			4,785
Other		1,892			2,634
		76,791			73,169
Valuation allowances		(56,661	)		(55,536	)
		20,130			17,633
Deferred income tax liabilities:
Undistributed earnings of foreign subsidiaries		(5,347	)		(4,575	)
Property, plant and equipment		(890	)		(604	)
Investments		(371	)		(170	)
Other		(992	)		(351	)
		(7,600	)		(5,700	)
Net deferred income tax assets	$	12,530		$	11,933
Reported as:
Current deferred tax assets	$	1,082		$	1,199
Long-term deferred tax assets		12,455			11,395
Long-term deferred tax liabilities		(1,007	)		(661	)
	$	12,530		$	11,933

Reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows:

	Year Ended
	November 3, 2013			October 28, 2012			October 30, 2011
Balance at beginning of year	$	3,793		$	1,824		$	1,676

Additions (reductions) for tax positions in prior years		1,224			1,932			709

Additions based on current year tax positions		207			616			502

Settlements		(406	)		(518	)		(1,063	)

Lapses of statutes of limitations		(61	)		(61	)		-
Balance at end of year	$	4,757		$	3,793		$	1,824

EARNINGS PER SHARE (Tables)

12 Months Ended

Nov. 03, 2013

EARNINGS PER SHARE [Abstract]

Calculation of basic and diluted earnings per share

The calculation of basic and diluted earnings per share is presented as follows:

	Year Ended
	November 3, 2013		October 28, 2012			October 30, 2011

Net income attributable to Photronics, Inc. shareholders	$	17,966	$	27,868		$	16,229
Effect of dilutive securities:
Interest expense on convertible notes, net of related tax effects		-		6,168			-
Gain related to common stock warrants fair value adjustment		-		(94	)		-
Earnings for diluted earnings per share	$	17,966	$	33,942		$	16,229
Weighted-average common shares computations:
Weighted-average common shares used for basic earnings per share		60,644		60,055			57,030
Effect of dilutive securities:
Share-based payment awards		813		767			1,145
Common stock warrants		142		219			283
Convertible notes		-		15,423			-
Dilutive potential common shares		955		16,409			1,428
Weighted-average common shares used for diluted earnings per share		61,599		76,464			58,458

Basic earnings per share	$	0.30	$	0.46		$	0.28
Diluted earnings per share	$	0.29	$	0.44		$	0.28

Outstanding securities excluded from the calculation of diluted earnings per share

	Year Ended
	November 3, 2013		October 28, 2012		October 30, 2011

Convertible notes		6,168		-		13,994
Share based payment awards		2,880		2,587		2,407
Common stock warrants		-		-		213
Total potentially dilutive shares excluded		9,048		2,587		16,614

SUBSIDIARY SHARE REPURCHASE (Tables)

12 Months Ended

Nov. 03, 2013

SUBSIDIARY SHARE REPURCHASE [Abstract]

Effect of change in the entity's ownership interest in PSMC

	Year Ended
	November 3, 2013			October 28, 2012			October 30, 2011

Net income attributable to Photronics, Inc. shareholders	$	17,966		$	27,868		$	16,229

Increase (decrease) in Photronics, Inc.'s additional paid-in capital		600			1,985			(201	)

Decrease in Photronics, Inc.’s accumulated other comprehensive income		(237	)		(78	)		-
Change from net income attributable to Photronics, Inc. shareholders and transfers to or from noncontrolling interests	$	18,329		$	29,775		$	16,028

GEOGRAPHIC AND SIGNIFICANT CUSTOMER INFORMATION (Tables)

12 Months Ended

Nov. 03, 2013

GEOGRAPHIC AND SIGNIFICANT CUSTOMER INFORMATION [Abstract]

Geographic and significant customer information

The Company's 2013, 2012 and 2011 net sales by geographic area and of ICs and FPDs, and long-lived assets by geographic area were as follows:

	Year Ended
	November 3, 2013		October 28, 2012		October 30, 2011
Net sales
Korea	$	134,300	$	161,154	$	171,327
United States		127,054		135,170		158,005
Taiwan		117,364		109,232		122,070
Europe		41,126		40,653		46,613
All other		2,336		4,230		14,005
	$	422,180	$	450,439	$	512,020

IC	$	320,579	$	350,105	$	391,158
FPD		101,601		100,334		120,862
	$	422,180	$	450,439	$	512,020

	As of
	November 3, 2013		October 28, 2012		October 30, 2011
Long-lived assets
United States	$	191,518	$	177,614	$	159,845
Korea		153,878		120,628		119,855
Taiwan		66,836		72,185		77,367
Europe		10,471		10,262		10,879
All other		37		119		734
	$	422,740	$	380,808	$	368,680

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT (Tables)

12 Months Ended

Nov. 03, 2013

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT [Abstract]

Schedule changes in accumulated other comprehensive income by component

The following tables set forth the changes in the Company's accumulated other comprehensive income by component (net of tax of $0) for the year ended November 3, 2013:

	Year Ended November 3, 2013
	Foreign Currency		Amortization
	Translation		of Cash
	Adjustments		Flow Hedge			Other			Total

Balance at October 29, 2012	$	17,241	$	(690	)	$	(651	)	$	15,900
Other comprehensive income before reclassifications		9,805		-			54			9,859
Amounts reclassified from other comprehensive income		-		128			-			128
Net current period other comprehensive income		9,805		128			54			9,987
Less: other comprehensive loss attributable to noncontrolling interests		751		-			2			753
Purchase of common stock of subsidiary		-		-			(237	)		(237	)
Balance at November 3, 2013	$	27,797	$	(562	)	$	(832	)	$	26,403

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Nov. 03, 2013

FAIR VALUE MEASUREMENTS [Abstract]

Fair and carrying values of convertible senior notes

The table below presents the fair and carrying values of the Company's convertible senior notes at November 3, 2013 and October 28, 2012.

	November 3, 2013				October 28, 2012
	Fair Value		Carrying Value		Fair Value		Carrying Value

3.25% convertible senior notes	$	130,330	$	115,000	$	110,239	$	115,000
5.5% convertible senior notes	$	37,567	$	22,054	$	27,755	$	22,054

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) [Abstract]

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)

12 Months Ended

Nov. 03, 2013

Quarterly financial data

The following table sets forth certain unaudited quarterly financial data:

	First		Second		Third		Fourth		Year
Fiscal 2013:
							(a)		(a)
Net sales	$	99,839	$	106,680	$	109,652	$	106,009	$	422,180
Gross margin		21,098		24,789		27,078		26,675		99,640
Net income		2,859		5,442		6,364		4,911		19,576
Net income attributable to Photronics, Inc. shareholders		2,323		4,863		5,940		4,840		17,966

Earnings per share:
Basic	$	0.04	$	0.08	$	0.10	$	0.08	$	0.30
Diluted	$	0.04	$	0.08	$	0.10	$	0.08	$	0.29

Fiscal 2012:	(b) (c)		(d)				(e)		(b) (c) (d) (e)

Net sales	$	112,154	$	117,451	$	116,616	$	104,218	$	450,439
Gross margin		25,458		29,861		32,304		24,297		111,920
Net income		4,841		9,530		11,267		4,217		29,855
Net income attributable to Photronics, Inc. shareholders		4,268		8,818		10,950		3,832		27,868

Earnings per share:
Basic	$	0.07	$	0.15	$	0.18	$	0.06	$	0.46
Diluted	$	0.07	$	0.14	$	0.16	$	0.06	$	0.44

(a)	Includes transaction expenses of $0.8 million, net of tax, in connection with the pending joint venture with DNP Photomask Technology Co., Ltd.

(b)	Includes consolidation and restructuring charges of $1.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.

(c)	Includes non-cash gain of $0.1 million, net of tax, in connection with subsequent measurement at fair value of warrants issued to purchase the Company’s stock.

(d)	Includes consolidation and restructuring charges of $0.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.

(e)	Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Nov. 03, 2013 Subsidiary Facility	Oct. 28, 2012	Oct. 30, 2011
Manufacturing Facilities by Geographical Region [Line Items]
Number of manufacturing facilities	8
Foreign Currency [Abstract]
Foreign currency transaction gain	$ 0.5	$ 0.2	$ 0.4
Noncontrolling Interest [Abstract]
Number of majority owned subsidiaries	2
Period of warranty	30 days
PK Ltd [Member]
Noncontrolling Interest [Abstract]
Ownership percentage of noncontrolling interests (in hundredths)	0.30%	0.30%
Photronics Semiconductor Mask Corporation [Member]
Noncontrolling Interest [Abstract]
Ownership percentage of noncontrolling interests (in hundredths)	1.37%	27.91%
Minimum [Member]
Intangible Assets [Line Items]
Estimated useful lives	3 years
Maximum [Member]
Intangible Assets [Line Items]
Estimated useful lives	15 years
Buildings and Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Abstract]
Estimated useful lives	15 years
Buildings and Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Abstract]
Estimated useful lives	40 years
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Abstract]
Estimated useful lives	3 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Abstract]
Estimated useful lives	10 years
Furniture, Fixtures and Office Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Abstract]
Estimated useful lives	3 years
Furniture, Fixtures and Office Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Abstract]
Estimated useful lives	5 years
Europe [Member]
Manufacturing Facilities by Geographical Region [Line Items]
Number of manufacturing facilities	2
Taiwan [Member]
Manufacturing Facilities by Geographical Region [Line Items]
Number of manufacturing facilities	2
Korea [Member]
Manufacturing Facilities by Geographical Region [Line Items]
Number of manufacturing facilities	1
United States [Member]
Manufacturing Facilities by Geographical Region [Line Items]
Number of manufacturing facilities	3

PROPERTY, PLANT AND EQUIPMENT (Details) (USD $)	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT (Details) (USD $)	Nov. 03, 2013	Oct. 28, 2012	Oct. 30, 2011
Property, plant and equipment [Abstract]
Property, plant and equipment, gross	$ 1,450,503,000	$ 1,353,781,000
Less accumulated depreciation and amortization	1,027,763,000	972,973,000
Property, plant and equipment, net	422,740,000	380,808,000	368,680,000
Property under capital leases included in property, plant and equipment [Abstract]
Capital leased assets, gross	56,245,000	21,327,000
Less accumulated amortization	4,932,000	2,758,000
Capital leased assets, net	51,313,000	18,569,000
Depreciation expense (excluding property under capital lease)	63,800,000	73,800,000	77,000,000
Amortization of capital leased assets	2,200,000	4,800,000	9,700,000
Land [Member]
Property, plant and equipment [Abstract]
Property, plant and equipment, gross	8,692,000	8,538,000
Buildings and improvements [Member]
Property, plant and equipment [Abstract]
Property, plant and equipment, gross	103,676,000	101,409,000
Machinery and equipment [Member]
Property, plant and equipment [Abstract]
Property, plant and equipment, gross	1,225,091,000	1,197,854,000
Property under capital leases included in property, plant and equipment [Abstract]
Capital leased assets, gross	21,327,000	21,327,000
Leasehold improvements [Member]
Property, plant and equipment [Abstract]
Property, plant and equipment, gross	4,179,000	5,854,000
Furniture, fixtures and office equipment [Member]
Property, plant and equipment [Abstract]
Property, plant and equipment, gross	11,546,000	13,484,000
Construction in progress [Member]
Property, plant and equipment [Abstract]
Property, plant and equipment, gross	97,319,000	26,642,000
Property under capital leases included in property, plant and equipment [Abstract]
Capital leased assets, gross	$ 34,918,000	$ 0

INTANGIBLE ASSETS (Details) (USD $)	12 Months Ended
INTANGIBLE ASSETS (Details) (USD $)	Nov. 03, 2013	Oct. 28, 2012	Oct. 30, 2011
Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 5,500,000	$ 5,000,000	$ 5,300,000
Intangible assets, net [Abstract]
Gross Amount	79,513,000	77,276,000
Accumulated Amortization	45,433,000	39,892,000
Net Amount	34,080,000	37,384,000
Intangible asset amortization over the next five years [Abstract]
2014	5,689,000
2015	5,689,000
2016	4,497,000
2017	3,974,000
2018	3,974,000
Technology License Agreement [Member]
Intangible assets, net [Abstract]
Gross Amount	59,616,000	59,616,000
Accumulated Amortization	29,477,000	25,503,000
Net Amount	30,139,000	34,113,000
Customer Lists [Member]
Intangible assets, net [Abstract]
Gross Amount	7,210,000	7,210,000
Accumulated Amortization	5,599,000	4,876,000
Net Amount	1,611,000	2,334,000
Supply Agreement [Member]
Intangible assets, net [Abstract]
Gross Amount	6,959,000	6,959,000
Accumulated Amortization	6,381,000	6,157,000
Net Amount	578,000	802,000
Software and Other [Member]
Intangible assets, net [Abstract]
Gross Amount	5,728,000	3,491,000
Accumulated Amortization	3,976,000	3,356,000
Net Amount	$ 1,752,000	$ 135,000

JOINT VENTURE, TECHNOLOGY LICENSE AND OTHER AGREEMENTS WITH MICRON TECHNOLOGY, INC (Details) (USD $)	12 Months Ended			3 Months Ended	12 Months Ended					12 Months Ended
	Nov. 03, 2013	Oct. 28, 2012	Oct. 30, 2011	Apr. 29, 2012 Capital Lease Obligations With Micron [Member]	Nov. 03, 2013 Equity Method Investee [Member]	Oct. 28, 2012 Equity Method Investee [Member]	Oct. 30, 2011 Equity Method Investee [Member]	Nov. 03, 2013 Co-venturer [Member]	Oct. 28, 2012 Co-venturer [Member]	Nov. 03, 2013 Supply Agreement [Member]	Oct. 28, 2012 Supply Agreement [Member]	Oct. 30, 2011 Supply Agreement [Member]
Related Party Transaction [Line Items]
Variable Interest Entity, Methodology for Determining Whether Entity is Primary Beneficiary	This joint venture is a variable interest entity ("VIE") (as that term is defined in the Accounting Standards Codification ("ASC") ) because all costs of the joint venture are passed on to the Company and Micron through purchase agreements they have entered into with the joint venture, and it is dependent upon the Company and Micron for any additional cash requirements. On a quarterly basis the Company reassesses whether its interest in MP Mask gives it a controlling financial interest in this VIE. The purpose of this quarterly reassessment is to identify the primary beneficiary (which is defined in the ASC as the entity that consolidates a VIE) of the VIE. As a result of the reassessments in fiscal year 2013, the Company determined that Micron is still the primary beneficiary of the VIE, by virtue of its tie-breaking voting rights within MP Mask's Board of Managers, thereby giving it the power to direct the activities of MP Mask that most significantly impact its economic performance, including its decision making authority in the ordinary course of business and its purchasing the majority of products produced by the VIE.
Additional investment in joint venture	$ 0	$ 13,400,000
Distributions from Joint Venture	0	0
Maximum exposure to loss from investment in VIE	93,100,000	93,300,000
Income (Loss) from equity-method investee	(100,000)	(100,000)	600,000
Amount owed to MP Mask	4,500,000	6,400,000
Amount receivable from Micron Technology, Inc.	73,357,000	75,685,000						4,900,000	9,000,000
Commission revenue earned under supply agreement	900,000	1,600,000	1,700,000
Amortization of Supply Agreement	5,500,000	5,000,000	5,300,000							300,000	400,000	500,000
Cost of sales	322,540,000	338,519,000	375,806,000		8,700,000	7,600,000	18,500,000
Research and development expenses and other	20,758,000	19,371,000	15,507,000		1,600,000	2,000,000	3,100,000
Purchase of Equipment	6,100,000	1,900,000	4,600,000
Cost of Equipment		1,500,000	2,300,000
Equipment purchased recorded as investment in Joint Venture		400,000	2,300,000
Payment to purchase U.S. nanoFab facility				35,000,000
Summarized financial information of MP Mask
Current assets	35,794,000	25,701,000
Noncurrent assets	177,769,000	170,226,000
Current liabilities	28,497,000	15,597,000
Noncurrent liabilities	0	0
Net sales	77,900,000	84,216,000	79,766,000
Gross Profit	4,663,000	1,799,000	2,649,000
Net income	$ 4,735,000	$ 831,000	$ 6,691,000

ACCRUED LIABILITIES (Details) (USD $) In Thousands, unless otherwise specified	Nov. 03, 2013	Oct. 28, 2012
ACCRUED LIABILITIES [Abstract]
Salaries, wages and related benefits	$ 10,223	$ 7,379
Income taxes	4,754	6,989
VAT and other taxes	3,019	2,228
Other	6,352	8,105
Accrued liabilities	$ 24,348	$ 24,701

Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References+ Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) (USD $)	1 Months Ended	3 Months Ended	12 Months Ended
	May 31, 2009	Jan. 29, 2012	Nov. 03, 2013	Oct. 28, 2012	Nov. 01, 2009	Nov. 03, 2013 Interest and other income (expense), net [Member] Warrants on common stock [Member]	Oct. 28, 2012 Interest and other income (expense), net [Member] Warrants on common stock [Member]	Oct. 30, 2011 Interest and other income (expense), net [Member] Warrants on common stock [Member]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]
Description of Derivative Risk Management Policy			The Company has utilized derivative instruments to reduce its exposure to the effects of the variability of interest rates and foreign currencies on its financial performance when it believes such action is warranted. Historically, the Company has been a party to derivative instruments to hedge either the variability of cash flows of a prospective transaction or the fair value of a recorded asset or liability. In certain instances, the Company has designated these transactions as hedging instruments. However, whether or not a derivative was designated as being a hedging instrument, the Company's purpose for engaging in the derivative has always been for risk management (and not speculative) purposes. The Company has historically not been a party to a significant number of derivative instruments and does not expect its derivative activity to significantly increase in the foreseeable future.
Warrants issued (in shares)	2,100,000
Number of shares for each warrant exercisable (in shares)	1
Exercise price of warrants (in dollars per share)	$ 0.01
Percentage of warrants exercisable upon issuance (in hundredths)	40.00%
Incremental percentage of warrants exercisable thereafter (in hundredths)	20.00%
Warrants cancelled (in shares)					1,200,000
Warrants exercised (in shares)				200,000
Amount of cash flow hedge to be recognized in income			$ 100,000
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized related to Derivative Instruments		$ 100,000				$ 0	$ 94,000	$ (424,000)

LONG-TERM BORROWINGS (Details) (USD $)	1 Months Ended	12 Months Ended				12 Months Ended		1 Months Ended		12 Months Ended		12 Months Ended		1 Months Ended				12 Months Ended			1 Months Ended		12 Months Ended		12 Months Ended			12 Months Ended
LONG-TERM BORROWINGS (Details) (USD $)	Mar. 31, 2011	Nov. 03, 2013	Oct. 28, 2012	Oct. 30, 2011	Mar. 31, 2011 Credit Facility [Member]	Nov. 03, 2013 Amended Credit Facility [Member]	Mar. 31, 2011 Amended Credit Facility [Member]	Dec. 31, 2013 Newly Amended Credit Facility [Member] Subsequent Event [Member]	Mar. 31, 2011 3.25% convertible senior notes due on April 1, 2016 [Member]	Nov. 03, 2013 3.25% convertible senior notes due on April 1, 2016 [Member]	Oct. 28, 2012 3.25% convertible senior notes due on April 1, 2016 [Member]	Nov. 03, 2013 Term Loan [Member]	Oct. 28, 2012 Term Loan [Member]	Dec. 31, 2013 Term Loan [Member] Subsequent Event [Member]	Jun. 30, 2011 5.50% convertible senior notes due on October 1, 2014 [Member]	Mar. 31, 2011 5.50% convertible senior notes due on October 1, 2014 [Member]	Sep. 30, 2009 5.50% convertible senior notes due on October 1, 2014 [Member]	Nov. 03, 2013 5.50% convertible senior notes due on October 1, 2014 [Member]	Oct. 28, 2012 5.50% convertible senior notes due on October 1, 2014 [Member]	Oct. 30, 2011 5.50% convertible senior notes due on October 1, 2014 [Member]	Dec. 31, 2013 5.50% convertible senior notes due on October 1, 2014 [Member] Subsequent Event [Member]	Apr. 30, 2011 3.09% capital lease obligation payable through March 2016 [Member]	Nov. 03, 2013 3.09% capital lease obligation payable through March 2016 [Member]	Oct. 28, 2012 3.09% capital lease obligation payable through March 2016 [Member]	Nov. 03, 2013 4.75% financing loan with customer [Member]	Oct. 28, 2012 4.75% financing loan with customer [Member]	Jan. 31, 2010 4.75% financing loan with customer [Member]	Nov. 03, 2013 2.77% Capital lease obligations payable through July 2018 [Member]	Oct. 28, 2012 2.77% Capital lease obligations payable through July 2018 [Member]
Long-term borrowings [Abstract]
Long-term debt and capital lease obligations		$ 194,021,000	$ 176,737,000							$ 115,000,000	$ 115,000,000	$ 21,250,000	$ 23,750,000					$ 22,054,000	$ 22,054,000				$ 10,652,000	$ 15,175,000	$ 0	$ 758,000		$ 25,065,000	$ 0
Less current portion		11,818,000	7,781,000
Long-term debt and capital lease obligations non current		182,203,000	168,956,000
Interest rate percentage (in hundredths)										3.25%								5.50%					3.09%		4.75%			2.77%
Variable interest rate (in hundredths)												2.69%
Long-term borrowings maturing in 2014		2,500,000
Long-term borrowings maturing in 2015		24,554,000
Long-term borrowings maturing in 2016		117,500,000
Long-term borrowings maturing in 2017		13,750,000
Minimum lease payments under the Company's capital lease obligations [Abstract]
2014		10,218,000
2015		10,218,000
2016		7,076,000
2017		6,108,000
2018		4,228,000
Future minimum payments due		37,848,000
Less interest		2,131,000																					400,000					1,700,000
Net minimum lease payments under capital leases		35,717,000
Less current portion of net minimum lease payments		9,318,000
Long-term portion of minimum lease payments		26,399,000
Maturity date of debt						Apr. 30, 2015		Dec. 31, 2018		Apr. 01, 2016		Mar. 01, 2017						Oct. 01, 2014					Mar. 30, 2016		Nov. 03, 2013			Jul. 31, 2018
Original face amount of debt												25,000,000					57,500,000					21,200,000					3,700,000	26,400,000
Periodic payments																						400,000						500,000
Frequency of periodic payment																						per month						per month
Repayment of term loan														21,300,000
Maximum borrowing capacity					65,000,000		30,000,000	75,000,000
Short-term debt, refinanced amount																					22,100,000
Remaining borrowing capacity under credit facility								50,000,000
Maximum amount of financed capital assets						75,000,000
Amount of investment basket					15,000,000	25,000,000
Credit facility interest rate (in hundredths)						2.69%
Amount outstanding under credit facility								0
Face amount of each note converted									1,000								1,000
Number of shares each note is convertible to (in shares)									96								197
Conversion price per share (in dollars per share)									$ 10.37								$ 5.08
Proceeds from notes payable, net									110,700,000								54,900,000
Capital lease obligations repaid	19,800,000
Face amount of debt repurchased															5,000,000	30,400,000				35,400,000
Common stock issued to extinguish debt (in shares)															700,000	4,500,000
Common stock issued to extinguish debt															6,500,000	39,200,000
Cash paid for convertible notes acquired															3,200,000	19,700,000
Number of shares issued for each note converted (in shares)															148	148
Cash paid for each note converted															647	647
Debt extinguishment loss		0	0	(35,259,000)											(5,000,000)	(30,100,000)
Write off of deferred financing fees															300,000	1,700,000
Repayment period of debt								5 years														5 years						5 years
Amount payable through the end of lease term																							11,100,000					26,800,000
Value of product shipped for repayment of loan																									800,000	1,000,000
Interest payments		6,300,000	6,300,000	9,700,000
Deferred financing cost payments		$ 0	$ 198,000	$ 4,300,000

COMMON STOCK WARRANTS (Details) (USD $)	12 Months Ended
COMMON STOCK WARRANTS (Details) (USD $)	Nov. 03, 2013 Agreement	May 31, 2009
Class of Warrant or Right [Line Items]
Number of warrant agreements	2
Class of Warrant or Right, Date from which Warrants or Rights Exercisable	Sep. 30, 2009
Number of shares of common stock covered under warrants (in shares)	750,000
Exercise price of warrants (in dollars per share)		$ 0.01
Warrant agreement expiration date	Sep. 30, 2014
Number of warrants exercised as of balance sheet date	750,000
Number of common shares issued for warrant exercises	315,000
Date of warrant exercise	Jun. 30, 2013
Warrant Agreement One [Member]
Class of Warrant or Right [Line Items]
Number of shares of common stock covered under warrants (in shares)	500,000
Exercise price of warrants (in dollars per share)	$ 4.15
Warrant Agreement Two [Member]
Class of Warrant or Right [Line Items]
Number of shares of common stock covered under warrants (in shares)	250,000
Exercise price of warrants (in dollars per share)	$ 5.08

OPERATING LEASES (Details) (USD $)	12 Months Ended			3 Months Ended
OPERATING LEASES (Details) (USD $)	Nov. 03, 2013	Oct. 28, 2012	Oct. 30, 2011	Apr. 29, 2012 Capital Lease Obligations With Micron [Member]
OPERATING LEASES [Abstract]
Rent expense under operating leases	$ 2,700,000	$ 2,700,000	$ 2,900,000
Capital Leased Assets [Line Items]
Payment to purchase U.S. nonoFab facility				35,000,000
Reduction of operating lease commitments		15,000,000
Future minimum lease payments under non-cancelable operating leases [Abstract]
2014	2,141,000
2015	1,897,000
2016	1,695,000
2017	1,361,000
2018	354,000
Thereafter	721,000
Total future minimum payments due	$ 8,169,000

SHARE-BASED COMPENSATION (Details) (USD $)	12 Months Ended												12 Months Ended
SHARE-BASED COMPENSATION (Details) (USD $)	Nov. 03, 2013	Oct. 28, 2012	Oct. 30, 2011	Nov. 03, 2013 Stock Options [Member]	Oct. 28, 2012 Stock Options [Member]	Oct. 30, 2011 Stock Options [Member]	Nov. 03, 2013 Restricted Stock [Member]	Oct. 28, 2012 Restricted Stock [Member]	Oct. 30, 2011 Restricted Stock [Member]	Nov. 03, 2013 Employee Stock Purchase Plan [Member]	Oct. 31, 2010 Employee Stock Purchase Plan [Member]	Nov. 01, 2009 Employee Stock Purchase Plan [Member]	Nov. 03, 2013 Minimum [Member] Stock Options [Member]	Nov. 03, 2013 Minimum [Member] Restricted Stock [Member]	Nov. 03, 2013 Maximum [Member] Stock Options [Member]	Nov. 03, 2013 Maximum [Member] Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date and terms of plan modification	In March 2007 the Company's shareholders approved a new share-based compensation plan ("Plan"), under which options, restricted stock, restricted stock units, stock appreciation rights, performance stock, performance units, and other awards based on, or related to, shares of the Company's common stock may be granted from shares authorized but unissued or shares previously issued and reacquired by the Company.
Maximum number of shares of common stock that may be issued (in shares)	6,000,000										1,200,000	900,000
Share-based compensation costs incurred	$ 4,000,000	$ 3,200,000	$ 2,500,000
Share-based compensation cost capitalized	0	0	0
Income tax benefits realized from stock option exercises	0	0	0
Award vesting period										1 year			1 year	1 year	4 years	8 years
Contractual term				10 years
Weighted-average inputs and risk-free rate of return ranges used to calculate the grant date fair value of options [Abstract]
Expected volatility (in hundredths)				98.00%	102.10%	98.70%
Risk free rate of return, minimum (in hundredths)				0.50%	0.60%	0.70%
Risk free rate of return, maximum (in hundredths)				1.40%	0.90%	1.90%
Dividend yield (in hundredths)				0.00%	0.00%	0.00%
Expected term (in years)				4 years 3 months 18 days	4 years 3 months 18 days	4 years 2 months 12 days
Shares [Rollforward]
Outstanding at October 28, 2012 (in shares)				3,999,302
Granted (in shares)				616,500
Exercised (in shares)				(327,469)
Cancelled and forfeited (in shares)				(114,031)
Outstanding at November 3, 2013 (in shares)				4,174,302	3,999,302
Exercisable at November 3, 2013 (in shares)				2,691,323
Expected to vest as of November 3, 2013 (in shares)				1,325,098
Weighted-Average Exercise Price [Abstract]
Outstanding at October 28, 2012 (in dollar per share)				$ 8.34
Granted (in dollar per share)				$ 5.78
Exercised (in dollar per share)				$ 1.54
Cancelled and forfeited (in dollar per share)				$ 10.84
Outstanding at November 3, 2013 (in dollar per share)				$ 8.43	$ 8.34
Exercisable at November 3, 2013 (in dollar per share)				$ 9.83
Expected to vest as of November 3, 2013 (in dollar per share)				$ 8.52
Weighted Average Remaining Contractual Life [Abstract]
Outstanding at November 3, 2013				5 years 7 months 6 days
Exercisable at November 3, 2013				4 years 3 months 18 days
Expected to vest as of November 3, 2013				8 years 1 month 6 days
Aggregate Intrinsic Value [Abstract]
Outstanding at November 3, 2013				10,198,000
Exercisable at November 3, 2013				6,639,000
Expected to vest as of November 3, 2013				3,192,000
Stock Options, Additional Disclosures [Abstract]
Weighted-average grant date fair value of options granted (in dollar per share)				$ 4.00	$ 4.47	$ 4.75
Total intrinsic value of options exercised				1,600,000	1,300,000	2,100,000
Cash received from options exercises				500,000	300,000	400,000
Unrecognized compensation cost related to unvested option awards				3,800,000
Period for recognition of compensation cost not yet recognized				2 years 3 months 18 days			2 years
Shares [Rollforward]
Outstanding at October 28, 2012 (in shares)							252,314
Granted (in shares)							209,500
Vested (in shares)							(157,937)
Cancelled (in shares)							(250)
Outstanding at November 3, 2013 (in shares)							303,627	252,314		63,000
Expected to vest as of November 3, 2013 (in shares)							275,291
Weighted-Average Fair Value at Grant Date [Abstract]
Outstanding at October 28, 2012 (in dollars per share)							$ 7.56
Granted (in dollars per share)							$ 5.48	$ 6.28	$ 6.71
Vested (in dollars per share)							$ 6.87
Cancelled (in dollars per share)							$ 13.99
Outstanding at November 3, 2013 (in dollars per share)							$ 6.48	$ 7.56
Expected to vest as of November 3, 2013 (in dollars per share)							$ 6.42
Total fair value of awards for which restrictions lapsed							1,300,000	500,000	500,000
Compensation cost not yet recognized related to share based payment awards other than options							$ 1,200,000			$ 100,000
Percent of market price that participants pay for shares subscribed (in hundredths)										85.00%
Total shares issued under ESPP since inception (in shares)										1,100,000

EMPLOYEE RETIREMENT PLANS (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Nov. 03, 2013	Oct. 28, 2012	Oct. 30, 2011
EMPLOYEE RETIREMENT PLANS [Abstract]
Number of months of service completed to come under retirement plan	3 months
Minimum age of employees to come under retirement plan	18 years
Percentage of salary that can be contributed by the employee (in hundredths)	50.00%
Maximum percentage of employees' contributions that Company will match (in hundredths)	50.00%
Maximum percentage of employees' gross pay that Company will match (in hundredths)	4.00%
Company's contribution to 401(k) Savings and Profit Sharing Plan	$ 0.4	$ 0.4	$ 0.4

The amount of pension benefit costs recognized during the period for (1) defined benefit plans and (2) defined contribution plans. For defined benefit plans, pension expense includes the following components: service cost, interest cost, expected return on plan assets, gain (loss) on plan assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. For defined contribution plans, the pension expense generally equals the firm's contribution to employees' accounts (if the firm contributes) during the period.

+ References+ Details

CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			12 Months Ended
	Oct. 28, 2012	Apr. 29, 2012	Jan. 29, 2012	Nov. 03, 2013	Oct. 28, 2012	Oct. 30, 2011
Activities related to restructuring reserve [Abstract]
Charges	$ 200	$ 100	$ 1,100	$ 0	$ 1,428	$ 0
Singapore Restructuring [Member]
Activities related to restructuring reserve [Abstract]
Restructuring reserve beginning balance			0	295	0
Charges				0	1,428
Utilized				(265)	(1,133)
Restructuring reserve ending balance	295			30	295
Employee terminations and other [Member] \| Singapore Restructuring [Member]
Activities related to restructuring reserve [Abstract]
Restructuring reserve beginning balance			0	295	0
Charges				0	1,166
Utilized				(265)	(871)
Restructuring reserve ending balance	295			30	295
Asset write-downs [Member] \| Singapore Restructuring [Member]
Activities related to restructuring reserve [Abstract]
Restructuring reserve beginning balance			0		0
Charges					262
Utilized					(262)
Restructuring reserve ending balance	$ 0				$ 0

Calculation of basic and diluted earnings per share [Abstract]

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References+ Details

INCOME TAXES (Details) (USD $)	12 Months Ended
INCOME TAXES (Details) (USD $)	Nov. 03, 2013	Oct. 28, 2012	Oct. 30, 2011
Components of income before income tax provision [Abstract]
United States	$ (14,164,000)	$ (5,474,000)	$ (20,396,000)
Foreign	40,969,000	46,122,000	56,295,000
Income before income tax provision	26,805,000	40,648,000	35,899,000
Current [Abstract]
Federal	208,000	81,000	291,000
State	65,000	(5,000)	74,000
Foreign	7,222,000	11,332,000	15,550,000
Deferred [Abstract]
Federal	0	0	0
State	(181,000)	0	0
Foreign	(85,000)	(615,000)	(224,000)
Income Tax Expense (Benefit), Total	7,229,000	10,793,000	15,691,000
Income tax provision reconciliation [Abstract]
U.S. federal income tax at statutory rate	9,382,000	14,227,000	12,564,000
Changes in valuation allowances	1,325,000	1,806,000	(8,334,000)
Distributions from foreign subsidiaries	1,957,000	2,073,000	1,925,000
State income taxes, net of federal benefit	267,000	(1,956,000)	503,000
Foreign tax rate differentials	(4,851,000)	(3,805,000)	(4,467,000)
Tax credits	(3,967,000)	(1,071,000)	(522,000)
Uncertain tax positions, including reserves, settlements and resolutions	1,471,000	1,984,000	1,499,000
Debt extinguishment losses	0	(2,879,000)	11,942,000
Equity based compensation	765,000	499,000	231,000
Other, net	880,000	(85,000)	350,000
Income Tax Expense (Benefit), Total	7,229,000	10,793,000	15,691,000
U.S. statutory rate (in hundredths)	35.00%	35.00%
Deferred income tax assets [Abstract]
Net operating losses	57,631,000	56,252,000
Reserves not currently deductible	7,101,000	6,382,000
Alternative minimum tax credits	3,116,000	3,116,000
Tax credit carryforwards	7,051,000	4,785,000
Other	1,892,000	2,634,000
Deferred tax assets	76,791,000	73,169,000
Valuation allowances	(56,661,000)	(55,536,000)
Deferred tax assets net of valuation allowance	20,130,000	17,633,000
Deferred income tax liabilities [Abstract]
Undistributed earnings of foreign subsidiaries	(5,347,000)	(4,575,000)
Property, plant and equipment	(890,000)	(604,000)
Investments	(371,000)	(170,000)
Other	(992,000)	(351,000)
Deferred income taxes liabilities	(7,600,000)	(5,700,000)
Net deferred income tax assets	12,530,000	11,933,000
Reported as [Abstract]
Current deferred tax assets	1,082,000	1,199,000
Long-term deferred tax assets	12,455,000	11,395,000
Long-term deferred tax liabilities	(1,007,000)	(661,000)
Net deferred income tax assets	12,530,000	11,933,000
Unrecognized tax benefits - gross including interest and penalties	4,900,000	3,900,000
Unrecognized tax benefits associated with uncertain tax positions recorded in other liabilities	1,700,000	1,900,000
Unrecognized tax benefits associated with reduction of deferred tax assets	3,200,000	2,000,000
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	1,700,000
Interest and penalties accrued related to uncertain tax positions.	100,000	100,000
Reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties [Roll Forward]
Balance at beginning of year	3,793,000	1,824,000	1,676,000
Additions for tax positions in prior years	1,224,000	1,932,000	709,000
Additions based on current year tax positions	207,000	616,000	502,000
Settlements	(406,000)	(518,000)	(1,063,000)
Lapses of statutes of limitations	(61,000)	(61,000)	0
Balance at end of year	4,757,000	3,793,000	1,824,000
Operating Loss Carryforward [Abstract]
Valuation allowance increase (decrease)	1,100,000	2,500,000	(8,200,000)
Income taxes, additional disclosures [Abstract]
Undistributed earnings of foreign subsidiaries included in consolidated retained earnings	136,400,000
Earnings of foreign subsidiaries included in consolidated retained earnings which are considered not to be permanently reinvested	15,300,000
Remaining undistributed earnings considered to be indefinitely invested	121,100,000
Dollar effect of income tax holiday	0	0	0
Per share effect of income tax holiday (dollars per share)	$ 0	$ 0	$ 0
Income tax holiday termination date	October 31, 2017
Income taxes paid	10,700,000	14,300,000	10,400,000
Cash received for refunds of income taxes	300,000	100,000	200,000
Internal Revenue Service (IRS) [Member]
Operating Loss Carryforward [Abstract]
Operating loss carryforwards	129,800,000
Operating loss carryforward expiration date	Oct. 31, 2033
Internal Revenue Service (IRS) [Member] \| Research Tax Credit Carryforward [Member]
Operating Loss Carryforward [Abstract]
Tax credit carryfoward amount	3,800,000
Tax credit carryfoward expiration date	Oct. 31, 2033
Internal Revenue Service (IRS) [Member] \| Alternate Minimum Tax Credit Carryforward [Member]
Operating Loss Carryforward [Abstract]
Tax credit carryfoward amount	3,100,000
Foreign Tax Authority [Member]
Operating Loss Carryforward [Abstract]
Operating loss carryforwards	40,900,000
Operating loss carryforward not subject to expiration	600,000
Tax credit carryfoward amount	100,000
State and Local Jurisdiction [Member]
Operating Loss Carryforward [Abstract]
Operating loss carryforwards	193,000,000
Operating loss carryforward expiration date	Oct. 31, 2033
Tax credit carryfoward amount	$ 4,900,000
Tax credit carryfoward expiration date	Oct. 31, 2014

EARNINGS PER SHARE (Details) (USD $)
In Thousands, except Share data, unless otherwise specified

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

Nov. 03, 2013

Jul. 28, 2013

Apr. 28, 2013

Jan. 27, 2013

Oct. 28, 2012

Jul. 29, 2012

Apr. 29, 2012

Jan. 29, 2012

Nov. 03, 2013

Oct. 28, 2012

Oct. 30, 2011

Jan. 26, 2014

Subsequent Event [Member]

Nov. 03, 2013

Convertible Notes [Member]

Oct. 28, 2012

Convertible Notes [Member]

Oct. 30, 2011

Convertible Notes [Member]

Nov. 03, 2013

Share-based Payment Awards [Member]

Oct. 28, 2012

Share-based Payment Awards [Member]

Oct. 30, 2011

Share-based Payment Awards [Member]

Nov. 03, 2013

Common Stock Warrants [Member]

Oct. 28, 2012

Common Stock Warrants [Member]

Oct. 30, 2011

Common Stock Warrants [Member]

Net income attributable to Photronics, Inc. shareholders

$ 4,840

^[1]

$ 5,940

$ 4,863

$ 2,323

$ 3,832

^[2]

$ 10,950

$ 8,818

^[3]

$ 4,268

^[4],[5]

$ 17,966

^[1]

$ 27,868

^{[2],[3],[4],[5]}

$ 16,229

Effect of dilutive securities [Abstract]

Interest expense on convertible notes, net of related tax effects

6,168

(94)

Earnings for diluted earnings per share

$ 17,966

$ 33,942

$ 16,229

Weighted-average common shares computations [Abstract]

Weighted-average common shares used for basic earnings per share (in shares)

60,644,000

60,055,000

57,030,000

Effect of dilutive securities [Abstract]

Share-based payment awards (in shares)

813,000

767,000

1,145,000

Common stock warrants (in shares)

142,000

219,000

283,000

Convertible notes (in shares)

15,423,000

Dilutive potential common shares (in shares)

955,000

16,409,000

1,428,000

Weighted-average common shares used for diluted earnings per share (in shares)

61,599,000

76,464,000

58,458,000

Basic earnings per share (in dollars per share)

$ 0.08

^[1]

$ 0.10

$ 0.08

$ 0.04

$ 0.06

^[2]

$ 0.18

$ 0.15

^[3]

$ 0.07

^[4],[5]

$ 0.30

^[1]

$ 0.46

^{[2],[3],[4],[5]}

$ 0.28

Diluted earnings per share (in dollars per share)

$ 0.08

^[1]

$ 0.10

$ 0.08

$ 0.04

$ 0.06

^[2]

$ 0.16

$ 0.14

^[3]

$ 0.07

^[4],[5]

$ 0.29

^[1]

$ 0.44

^{[2],[3],[4],[5]}

$ 0.28

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Total potentially dilutive shares excluded (in shares)

9,048,000

2,587,000

16,614,000

6,168,000

13,994,000

2,880,000

2,587,000

2,407,000

213,000

Subsequent Event [Line Items]

Share-based payment awards issued after fiscal year 2013 (in shares)

700,000

[1]	Includes transaction expenses of $0.8 million, net of tax, in connection with the pending joint venture with DNP Photomask Technology Co., Ltd.
[2]	Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[3]	Includes consolidation and restructuring charges of $0.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[4]	Includes consolidation and restructuring charges of $1.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[5]	Includes non-cash gain of $0.1 million, net of tax, in connection with subsequent measurement at fair value of warrants issued to purchase the Company’s stock.

SUBSIDIARY SHARE REPURCHASE (Details)
In Thousands, except Share data in Millions, unless otherwise specified

3 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

12 Months Ended

Nov. 03, 2013

USD ($)

Jul. 28, 2013

USD ($)

Apr. 28, 2013

USD ($)

Jan. 27, 2013

USD ($)

Oct. 28, 2012

USD ($)

Jul. 29, 2012

USD ($)

Apr. 29, 2012

USD ($)

Jan. 29, 2012

USD ($)

Nov. 03, 2013

USD ($)

Oct. 28, 2012

USD ($)

Oct. 30, 2011

USD ($)

Nov. 03, 2013

Additional Paid-in Capital [Member]

USD ($)

Oct. 28, 2012

Additional Paid-in Capital [Member]

USD ($)

Oct. 30, 2011

Additional Paid-in Capital [Member]

USD ($)

Nov. 03, 2013

Accumulated Other Comprehensive Income [Member]

USD ($)

Oct. 28, 2012

Accumulated Other Comprehensive Income [Member]

USD ($)

Oct. 30, 2011

Accumulated Other Comprehensive Income [Member]

USD ($)

Sep. 30, 2013

PSMC [Member]

USD ($)

Jun. 30, 2013

PSMC [Member]

USD ($)

Jan. 27, 2013

PSMC [Member]

USD ($)

Nov. 03, 2013

PSMC [Member]

TWD

Oct. 28, 2012

PSMC [Member]

USD ($)

Oct. 30, 2011

PSMC [Member]

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]

Subsidiary shares acquired (in shares)

1.1

50.3

9.2

60.5

35.9

21.6

Payment to minority shareholders

$ 32,374

$ 15,598

$ 9,878

$ 700

$ 27,400

$ 4,200

$ 15,600

Ownership percentage in PDMC (in hundredths)

98.63%

98.13%

75.11%

72.09%

62.25%

Stock acquisition price of subsidiary (in dollars per share)

16.3

Effect of the change in the entity's ownership interest in PSMC [Abstract]

Net income attributable to Photronics, Inc. shareholders

4,840

^[1]

5,940

4,863

2,323

3,832

^[2]

10,950

8,818

^[3]

4,268

^[4],[5]

17,966

^[1]

27,868

^{[2],[3],[4],[5]}

16,229

Increase (decrease) in Photronics, Inc.'s additional paid-in capital and accumulated other comprehensive income

600

1,985

(201)

(237)

(78)

Change from net income attributable to Photronics, Inc. shareholders and transfer from noncontrolling interest

$ 18,329

$ 29,775

$ 16,028

[1]	Includes transaction expenses of $0.8 million, net of tax, in connection with the pending joint venture with DNP Photomask Technology Co., Ltd.
[2]	Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[3]	Includes consolidation and restructuring charges of $0.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[4]	Includes consolidation and restructuring charges of $1.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[5]	Includes non-cash gain of $0.1 million, net of tax, in connection with subsequent measurement at fair value of warrants issued to purchase the Company’s stock.

This element represents the total net income attributable to the parent for the period and the effect of net changes during the period impacting the parent's ownership interest in a subsidiary as it relates to the total (consolidated) equity attributable to the parent. The changes to the parent's ownership interest in a subsidiary represented by this element did not result in a deconsolidation of the subsidiary from the consolidated financial statements.

+ References+ Details

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Revenues from External Customers and Long-Lived Assets [Line Items]

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

+ Details

COMMITMENTS AND CONTINGENCIES (Details) (USD $) In Millions, unless otherwise specified	Nov. 03, 2013
COMMITMENTS AND CONTINGENCIES [Abstract]
Outstanding commitments for capital expenditure	$ 42
Recorded purchase commitments	19
Total unrecorded purchase commitments	$ 48

GEOGRAPHIC AND SIGNIFICANT CUSTOMER INFORMATION (Details) (USD $)
In Thousands, unless otherwise specified

3 Months Ended

12 Months Ended

Nov. 03, 2013

Jul. 28, 2013

Apr. 28, 2013

Jan. 27, 2013

Oct. 28, 2012

Jul. 29, 2012

Apr. 29, 2012

Jan. 29, 2012

Nov. 03, 2013

Oct. 28, 2012

Oct. 30, 2011

$ 106,009

^[1]

$ 109,652

$ 106,680

$ 99,839

$ 104,218

^[2]

$ 116,616

$ 117,451

^[3]

$ 112,154

^[4],[5]

$ 422,180

^[1]

$ 450,439

^{[2],[3],[4],[5]}

$ 512,020

Percent of net sales accounted for by significant customer (in hundredths)

422,740

380,808

422,740

380,808

368,680

Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Samsung Electronics Co., Ltd. [Member]

Concentration Risk [Line Items]

18.00%

22.00%

20.00%

Korea [Member]

Revenues from External Customers and Long-Lived Assets [Line Items]

134,300

161,154

171,327

Revenues from External Customers and Long-Lived Assets [Line Items]

153,878

120,628

153,878

120,628

119,855

United States [Member]

127,054

135,170

158,005

Revenues from External Customers and Long-Lived Assets [Line Items]

191,518

177,614

191,518

177,614

159,845

Taiwan [Member]

117,364

109,232

122,070

Revenues from External Customers and Long-Lived Assets [Line Items]

66,836

72,185

66,836

72,185

77,367

Europe [Member]

41,126

40,653

46,613

Revenues from External Customers and Long-Lived Assets [Line Items]

10,471

10,262

10,471

10,262

10,879

All Other [Member]

2,336

4,230

14,005

Revenues from External Customers and Long-Lived Assets [Line Items]

119

734

IC [Member]

Revenues from External Customers and Long-Lived Assets [Line Items]

320,579

350,105

391,158

FPD [Member]

$ 101,601

$ 100,334

$ 120,862

[1]	Includes transaction expenses of $0.8 million, net of tax, in connection with the pending joint venture with DNP Photomask Technology Co., Ltd.
[2]	Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[3]	Includes consolidation and restructuring charges of $0.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[4]	Includes consolidation and restructuring charges of $1.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.
[5]	Includes non-cash gain of $0.1 million, net of tax, in connection with subsequent measurement at fair value of warrants issued to purchase the Company’s stock.

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Nov. 03, 2013	Oct. 28, 2012	Oct. 30, 2011
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT [Abstract]
Other comprehensive income, tax	$ 0	$ 0	$ 0
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	15,900
Other comprehensive income before reclassifications	9,859
Amounts reclassified from other comprehensive income	128
Total other comprehensive income, net of tax	9,987	7,207	3,360
Less: other comprehensive loss attributable to noncontrolling interests	753
Purchase of common stock of subsidiary	(237)
Ending Balance	26,403	15,900
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	17,241
Other comprehensive income before reclassifications	9,805
Amounts reclassified from other comprehensive income	0
Total other comprehensive income, net of tax	9,805
Less: other comprehensive loss attributable to noncontrolling interests	751
Purchase of common stock of subsidiary	0
Ending Balance	27,797
Amortization of Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	(690)
Other comprehensive income before reclassifications	0
Amounts reclassified from other comprehensive income	128
Total other comprehensive income, net of tax	128
Less: other comprehensive loss attributable to noncontrolling interests	0
Purchase of common stock of subsidiary	0
Ending Balance	(562)
Other [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	(651)
Other comprehensive income before reclassifications	54
Amounts reclassified from other comprehensive income	0
Total other comprehensive income, net of tax	54
Less: other comprehensive loss attributable to noncontrolling interests	2
Purchase of common stock of subsidiary	(237)
Ending Balance	$ (832)

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References+ Details

OTHER RELATED PARTY TRANSACTIONS (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Nov. 03, 2013	Oct. 28, 2012	Oct. 30, 2011
Information Technology Services Provider [Member]
Related Party Transaction [Line Items]
Expenses incurred for services provided by related party during the period	$ 1.7	$ 1.8	$ 1.8
Amount due currently to related party at end of period	0.1	0.2
Amount of future services contracted for with related party	2.2
Photomask Blank Supplier [Member]
Related Party Transaction [Line Items]
Amount due currently to related party at end of period	4.6	4.2
Purchases from related party	$ 20.0	$ 20.1	$ 21.4

Selected Quarterly Financial Data (Unaudited) [Abstract]

Amount for accounts payable to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References+ Details

FAIR VALUE MEASUREMENTS (Details) (USD $) In Thousands, unless otherwise specified	Nov. 03, 2013	Oct. 28, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total assets	$ 0	$ 0
Total liabilities	0	0
Fair Value [Member] \| 3.25% Convertible Senior Notes [Member]
Fair and carrying values of the Company's convertible senior notes [Abstract]
Convertible senior notes	130,330	110,239
Fair Value [Member] \| 5.5% Convertible Senior Notes [Member]
Fair and carrying values of the Company's convertible senior notes [Abstract]
Convertible senior notes	37,567	27,755
Carrying Value [Member] \| 3.25% Convertible Senior Notes [Member]
Fair and carrying values of the Company's convertible senior notes [Abstract]
Convertible senior notes	115,000	115,000
Carrying Value [Member] \| 5.5% Convertible Senior Notes [Member]
Fair and carrying values of the Company's convertible senior notes [Abstract]
Convertible senior notes	$ 22,054	$ 22,054

PENDING MERGER OF PSMC WITH DNP PHOTOMASK TECHNOLOGY TAIWAN CO., LTD. (Details) (PDMC [Member])	12 Months Ended
	Nov. 03, 2013
Subsequent Event [Line Items]
Latest date at which merger is expected to be completed	Apr. 04, 2014
Ownership percentage in PDMC (in hundredths)	50.01%
DNP [Member]
Subsequent Event [Line Items]
Ownership percentage of noncontrolling interests (in hundredths)	49.99%

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Details) (USD $)

3 Months Ended

12 Months Ended

Nov. 03, 2013

Jul. 28, 2013

Apr. 28, 2013

Jan. 27, 2013

Oct. 28, 2012

Jul. 29, 2012

Apr. 29, 2012

Jan. 29, 2012

Nov. 03, 2013

Oct. 28, 2012

Oct. 30, 2011

$ 106,009,000

^[1]

$ 109,652,000

$ 106,680,000

$ 99,839,000

$ 104,218,000

^[2]

$ 116,616,000

$ 117,451,000

^[3]

$ 112,154,000

^[4],[5]

$ 422,180,000

^[1]

$ 450,439,000

^{[2],[3],[4],[5]}

$ 512,020,000

Gross margin

26,675,000

^[1]

27,078,000

24,789,000

21,098,000

24,297,000

^[2]

32,304,000

29,861,000

^[3]

25,458,000

^[4],[5]

99,640,000

^[1]

111,920,000

^{[2],[3],[4],[5]}