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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 31,281 $ 26,156 [1]
Short-term investments 11,465 5,505 [1]
Accounts receivable, net of allowances of $184 and $124 as of June 30, 2012 and December 31, 2011, respectively 22,367 17,966 [1]
Inventories 40,869 46,012 [1]
Related party notes receivable - current 415 412 [1]
Prepaid expenses and other current assets 5,685 7,052 [1]
Total current assets 112,082 103,103 [1]
Long-term investments 4,322 8,981 [1]
Property, plant and equipment, net 35,316 34,282 [1]
Related party notes receivable - long-term 2,036 2,021 [1]
Other assets 13,918 14,101 [1]
Total assets 167,674 162,488 [1]
Current liabilities:    
Accounts payable 5,860 3,286 [1]
Accrued liabilities 8,360 7,597 [1]
Total current liabilities 14,220 10,883 [1]
Long-term portion of royalty payments 3,725 4,125 [1]
Other long-term liabilities 131 431 [1]
Total liabilities 18,076 15,439 [1]
Commitments and contingencies (Note 11)      
Stockholders' equity:    
Preferred stock, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of June 30, 2012 and December 31, 2011, respectively (Liquidation preference of $5.8 million and $5.8 million as of June 30, 2012 and December 31, 2011, respectively) 3,532 3,532 [1]
Common stock, $0.001 par value per share; 70,000 shares authorized; 32,352 and 32,222 shares issued and outstanding as of June 30, 2012 and December 31, 2011, respectively 32 32 [1]
Additional paid-in capital 192,346 191,554 [1]
Accumulated deficit (59,223) (62,157) [1]
Accumulated other comprehensive income 6,163 5,818 [1]
Total AXT, Inc. stockholders' equity 142,850 138,779 [1]
Noncontrolling interests 6,748 8,270 [1]
Total stockholders' equity 149,598 147,049 [1]
Total liabilities and stockholders' equity $ 167,674 $ 162,488 [1]
[1] The Condensed Consolidated Balance Sheet at December 31, 2011 has been derived from the audited consolidated financial statements at that date.