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Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2015

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						Nine Months Ended
		September 30,						September 30,
		2015			2014			2015			2014
Numerator:
Net income (loss) attributable to AXT, Inc		$	42		$	644		$	(985)		$	(1,077)
Less: Preferred stock dividends			(44)			(44)			(132)			(132)
Net income (loss) available to common stockholders		$	(2)		$	600		$	(1,117)		$	(1,209)
Denominator:
Denominator for basic net income (loss) per share - weighted average common shares			31,988			32,504			32,262			32,416
Effect of dilutive securities:
Common stock options			—			201			—			—
Restricted stock awards			—			33			—			—
Denominator for dilutive net income (loss) per common shares			31,988			32,738			32,262			32,416
Net income (loss) attributable to AXT, Inc. per common share:
Basic		$	(0.00)		$	0.02		$	(0.03)		$	(0.04)
Diluted		$	(0.00)		$	0.02		$	(0.03)		$	(0.04)
Options excluded from diluted net income (loss) per share as the impact is anti-dilutive			3,037			2,000			3,037			2,684
Restricted stock excluded from diluted net income (loss) per share as the impact is anti-dilutive			466			77			466			250