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Net Income Per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Net Income Per Share  
Reconciliation of numerators and denominators of basic and diluted net income per share

A reconciliation of the numerators and denominators of the basic and diluted net income per share calculations is as follows (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2017

    

2016

    

2017

    

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to AXT, Inc

 

$

4,419

 

$

2,229

 

$

7,014

 

$

3,422

 

Less: Preferred stock dividends

 

 

(44)

 

 

(44)

 

 

(132)

 

 

(132)

 

Net income available to common stockholders

 

$

4,375

 

$

2,185

 

$

6,882

 

$

3,290

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic net income per share - weighted average common shares

 

 

38,499

 

 

32,110

 

 

36,999

 

 

32,043

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock options

 

 

1,416

 

 

827

 

 

1,283

 

 

425

 

Restricted stock awards

 

 

180

 

 

201

 

 

187

 

 

147

 

Denominator for dilutive net income per common shares

 

 

40,095

 

 

33,138

 

 

38,469

 

 

32,615

 

Net income attributable to AXT, Inc. per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.11

 

$

0.07

 

$

0.19

 

$

0.10

 

Diluted

 

$

0.11

 

$

0.07

 

$

0.18

 

$

0.10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options excluded from diluted net income per share as the impact is anti-dilutive

 

 

68

 

 

652

 

 

573

 

 

910

 

Restricted stock excluded from diluted net income per share as the impact is anti-dilutive

 

 

34

 

 

 —

 

 

11

 

 

 —