XML 28 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Income (loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2014
Net Income (loss) Per Share [Abstract]  
Reconciliation of numerators and denominators of basic and diluted net income (loss) per share
A reconciliation of the numerators and denominators of the basic and diluted net income (loss) per share calculations is as follows (in thousands, except per share data):

 
 
Three Months Ended
  
Six Months Ended
 
 
 
June 30,
  
June 30,
 
 
 
2014
  
2013
  
2014
  
2013
 
Numerator:
 
  
  
  
 
Net income (loss) attributable to AXT, Inc.
 
$
319
  
$
(2,035
)
 
$
(1,721
)
 
$
(4,435
)
Less: Preferred stock dividends
  
(44
)
  
(44
)
  
(88
)
  
(88
)
 
                
Net income (loss) available to common stockholders
 
$
275
  
$
(2,079
)
 
$
(1,809
)
 
$
(4,523
)
Denominator:
                
Denominator for basic net income (loss) per share - weighted average common shares
  
32,381
   
32,382
   
32,407
   
32,340
 
Effect of dilutive securities:
                
Common stock options
  
194
   
—
   
—
   
—
 
Restricted stock awards
  
22
   
—
   
—
   
—
 
Denominator for dilutive net income (loss) per common share
  
32,597
   
32,382
   
32,407
   
32,340
 
Net income (loss) attributable to AXT, Inc. per common share:
                
Basic
 
$
0.01
  
$
(0.06
)
 
$
(0.06
)
 
$
(0.14
)
Diluted
 
$
0.01
  
$
(0.06
)
 
$
(0.06
)
 
$
(0.14
)
Options excluded from diluted net income (loss)  per share as the impact is anti-dilutive
  
1,782
   
2,509
   
2,619
   
2,583
 
Restricted stock excluded from diluted net income (loss) per share as the impact is anti-dilutive
  
93
   
246
   
248
   
242