Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2017

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
	March 31,
	2017		2016
Numerator:
Net income attributable to AXT, Inc	$	665	$	42
Less: Preferred stock dividends		(44)		(44)
Net income (loss) available to common stockholders	$	621	$	(2)
Denominator:
Denominator for basic net income (loss) per share - weighted average common shares		34,210		32,002
Effect of dilutive securities:
Common stock options		1,220		—
Restricted stock awards		194		—
Denominator for dilutive net income (loss) per common shares		35,624		32,002
Net income (loss) attributable to AXT, Inc. per common share:
Basic	$	0.02	$	(0.00)
Diluted	$	0.02	$	(0.00)

Options excluded from diluted net income (loss) per share as the impact is anti-dilutive		639		3,313
Restricted stock excluded from diluted net income (loss) per share as the impact is anti-dilutive		—		339