XML 41 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]        
Revenue $ 25,153 $ 30,031 $ 48,639 $ 54,597
Cost of revenue 17,645 16,005 32,937 29,911
Gross profit 7,508 14,026 15,702 24,686
Operating expenses:        
Selling, general, and administrative 3,974 3,714 7,759 7,404
Research and development 914 699 1,749 1,204
Total operating expenses 4,888 4,413 9,508 8,608
Income from operations 2,620 9,613 6,194 16,078
Interest income, net 62 69 150 156
Other income (expense), net 157 450 (178) 87
Income before provision for income taxes 2,839 10,132 6,166 16,321
Provision for income taxes (412) (1,064) (787) (1,966)
Net income 2,427 9,068 5,379 14,355
Less: Net income attributable to noncontrolling interest (1,128) (2,006) (2,445) (3,085)
Net income attributable to AXT, Inc. $ 1,299 $ 7,062 $ 2,934 $ 11,270
Net income attributable to AXT, Inc. per common share:        
Basic (in dollars per share) $ 0.04 $ 0.22 $ 0.09 $ 0.35
Diluted (in dollars per share) $ 0.04 $ 0.21 $ 0.09 $ 0.34
Weighted average number of common shares outstanding:        
Basic (in shares) 32,138 31,831 32,086 31,775
Diluted (in shares) 32,944 33,093 32,981 33,146