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Net Income (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2017
Net Income (Loss) Per Share  
Reconciliation of numerators and denominators of basic and diluted net income (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended

 

 

 

December 31, 

 

 

    

2017

    

2016

    

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to AXT, Inc.

 

$

10,148

 

$

5,636

 

$

(2,228)

 

Less: Preferred stock dividends

 

 

(177)

 

 

(177)

 

 

(177)

 

Net income (loss) available to common stockholders

 

$

9,971

 

$

5,459

 

$

(2,405)

 

Denominator:

 

 

 

 

 

 

 

 

 

 

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

 

 

37,444

 

 

32,139

 

 

32,183

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

Common stock options

 

 

1,339

 

 

596

 

 

 —

 

Restricted stock awards

 

 

183

 

 

159

 

 

 —

 

Denominator for dilutive net income per common shares

 

 

38,966

 

 

32,894

 

 

32,183

 

Basic net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to AXT, Inc.

 

$

0.27

 

$

0.17

 

$

(0.07)

 

Net income (loss) to common stockholders

 

$

0.27

 

$

0.17

 

$

(0.07)

 

Diluted net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to AXT, Inc.

 

$

0.26

 

$

0.17

 

$

(0.07)

 

Net income (loss) to common stockholders

 

$

0.26

 

$

0.17

 

$

(0.07)

 

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

 

 

86

 

 

779

 

 

3,779

 

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

 

 

63

 

 

15

 

 

546