XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]        
Revenue $ 20,521 $ 20,808 $ 66,732 $ 69,447
Cost of revenue 18,075 15,342 57,717 48,279
Gross profit 2,446 5,466 9,015 21,168
Operating expenses:        
Selling, general, and administrative 4,303 3,950 12,435 11,709
Research and development 766 844 2,627 2,593
Total operating expenses 5,069 4,794 15,062 14,302
Income (loss) from operations (2,623) 672 (6,047) 6,866
Interest income, net 55 52 136 202
Equity in earnings of unconsolidated joint ventures 346 348 1,099 786
Other income (expense), net (47) 144 (491) (472)
Income (loss) before provision for income taxes (2,269) 1,216 (5,303) 7,382
Provision for (benefit from) income taxes (204) (228) 322 559
Net income (loss) (2,065) 1,444 (5,625) 6,823
Less: Net income attributable to noncontrolling interests (230) (512) (1,105) (2,957)
Net income (loss) attributable to AXT, Inc. $ (2,295) $ 932 $ (6,730) $ 3,866
Net income (loss) attributable to AXT, Inc. per common share:        
Basic (in dollars per share) $ (0.07) $ 0.03 $ (0.21) $ 0.12
Diluted (in dollars per share) $ (0.07) $ 0.03 $ (0.21) $ 0.11
Weighted average number of common shares outstanding:        
Basic (in shares) 32,366 32,183 32,407 32,118
Diluted (in shares) 32,366 32,769 32,407 32,911