PHOTRONICS INC - FORM 8-K - EX-99.2 - CONDENSED CONSOLIDATED STATEMENTS OF INCOME

file	filename
8-K - CURRENT REPORT - PHOTRONICS INC	photronics_8k.htm
EX-99.6 - RECONCILIATION OF GAAP NET INCOME TO EBITDA - PHOTRONICS INC	exhibit99-6.htm
EX-99.4 - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - PHOTRONICS INC	exhibit99-4.htm
EX-99.5 - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION - PHOTRONICS INC	exhibit99-5.htm
EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INC	exhibit99-3.htm
EX-99.1 - PRESS RELEASE DATED FEBRUARY 13, 2013 - PHOTRONICS INC	exhibit99-1.htm

PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)

	Three Months Ended
	January 27,			January 29,
	2013			2012
Net sales	$	99,839		$	112,154

Costs and expenses:

Cost of sales		(78,741	)		(86,696	)

Selling, general and administrative		(11,067	)		(11,325	)

Research and development		(4,839	)		(4,444	)

Consolidation, restructuring and related charges		-			(1,118	)

Operating income		5,192			8,571

Other income (expense), net		(591	)		(409	)

Income before income taxes		4,601			8,162

Income tax provision		(1,742	)		(3,321	)

Net income		2,859			4,841

Net income attributable to noncontrolling interests		(536	)		(573	)

Net income attributable to Photronics, Inc. shareholders	$	2,323		$	4,268


Earnings per share:
Basic	$	0.04		$	0.07

Diluted	$	0.04		$	0.07

Weighted-average number of common shares outstanding:
Basic		60,277			59,817

Diluted		61,095			60,930

PHOTRONICS INC - FORM 8-K - EX-99.2 - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - February 14, 2013