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Stockholders' Equity
 6 Months Ended
Jun. 30, 2014
Stockholders' Equity [Abstract]  
Stockholders' Equity
Note 7. Stockholders’ Equity

Consolidated Statement of Changes in Equity
(in thousands)

 
 
Preferred
Stock
  
Common
Stock
  
Additional
Paid In Capital
  
Accumulated
Deficit
  
Other
Comprehensive
Income/(loss)
  
AXT, Inc.
stockholders’
equity
  
Noncontrolling
interests
  
Total
stockholders’
equity
 
Balance as of December 31, 2013
 
$
3,532
  
$
32
  
$
194,156
  
$
(67,005
)
 
$
8,953
  
$
139,668
  
$
5,878
  
$
145,546
 
Common stock options exercised
          
6
           
6
       
6
 
Stock-based compensation
          
589
           
589
       
589
 
Net (loss) income
              
(1,721
)
      
(1,721
)
  
447
   
(1,274
)
Dividends declared by joint ventures
                          
(83
)
  
(83
)
Change in unrealized (loss) gain on marketable securities
                  
139
   
139
       
139
 
Currency translation adjustment
                  
(370
)
  
(370
)
  
(70
)
  
(440
)
Balance as of June 30, 2014
 
$
3,532
  
$
32
  
$
194,751
  
$
(68,726
)
 
$
8,722
  
$
138,311
  
$
6,172
  
$
144,483
 

There were no reclassification adjustments from accumulated other comprehensive income for the six months ended June 30, 2014 and 2013.
 
Stock Repurchase Program

On February 21, 2013, our Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $6.0 million of our outstanding common stock through February 27, 2014. These purchases can be made from time to time in the open market and are funded from our existing cash balances and cash generated from operations. During 2013, we repurchased approximately 285,000 shares at an average price of $2.51 per share for a total purchase price of $716,000 under the stock repurchase program.

As of December 31, 2013, approximately $5.3 million remained available for future repurchases under this program. No shares were repurchased in 2014 under this program and the plan expired on February 27, 2014.