PROPERTY, PLANT AND EQUIPMENT, NET

9 Months Ended

Aug. 03, 2025

PROPERTY, PLANT AND EQUIPMENT, NET [Abstract]

NOTE 5 - PROPERTY, PLANT AND EQUIPMENT, NET

Presented below are the components of Property, plant and equipment, net at the balance sheet dates.

	August 3,			October 31,
	2025			2024
Land	$	12,298		$	11,419
Buildings and improvements		192,625			188,756
Machinery and equipment		2,143,635			1,990,610
Leasehold improvements		21,037			19,268
Furniture, fixtures, and office equipment		18,598			18,091
Construction in progress		108,743			91,213
		2,496,936			2,319,357
Accumulated depreciation and amortization		(1,657,948	)		(1,574,100	)
	$	838,988		$	745,257

Information on ROU assets resulting from finance leases, at the balance sheet dates, is presented below. During the first half of 2025, the Company exercised its early buy-out option for a high-end lithography tool and a high-end inspection tool. Please refer to Note 7 for further information.

	August 3,			October 31,
	2025			2024
Machinery and equipment	$	55		$	42,815
Accumulated amortization		(50	)		(10,522	)
	$	5		$	32,293

The following table presents depreciation expense (including the amortization of ROU assets), related to property, plant and equipment incurred during the reporting periods.

	Three Months Ended				Nine Months Ended
	August 3,		July 28,		August 3,		July 28,
	2025		2024		2025		2024
Depreciation Expense	$	18,764	$	20,036	$	58,971	$	61,332

PHOTRONICS INC 10-Q