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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2018
Stockholders' Equity |
Stockholders' Equity | Note 8. Stockholders’ Equity Condensed Consolidated Statement of Changes in Stockholders’ Equity (in thousands)
|  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Other |  | AXT, Inc. |  |  |  | Total |
|  | Preferred |  | Common |  | Additional |  | Accumulated |  | Comprehensive |  | Stockholders’ |  | Noncontrolling |  | Stockholders’ |
|  | Stock |  | Stock |  | Paid-In Capital |  | Deficit |  | Income (Loss) |  | Equity |  | Interests |  | Equity |
Balance as of December 31, 2017 |  | $ | 3,532 |  | $ | 39 |  | $ | 231,679 |  | $ | (54,837) |  | $ | 3,407 |  | $ | 183,820 |  | $ | 4,497 |  | $ | 188,317 |
Common stock options exercised |  |  | — |  |  | — |  |  | 264 |  |  | — |  |  | — |  |  | 264 |  |  | — |  |  | 264 |
Purchase of subsidiary shares from noncontrolling interest |  |  |  |  |  |  |  |  | 187 |  |  |  |  |  |  |  |  | 187 |  |  | (1,794) |  |  | (1,607) |
Stock-based compensation |  |  | — |  |  | — |  |  | 1,392 |  |  | — |  |  | — |  |  | 1,392 |  |  | — |  |  | 1,392 |
Net income |  |  | — |  |  | — |  |  | — |  |  | 10,715 |  |  | — |  |  | 10,715 |  |  | 1,173 |  |  | 11,888 |
Other comprehensive loss |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,253) |  |  | (5,253) |  |  | (283) |  |  | (5,536) |
Balance as of September 30, 2018 |  | $ | 3,532 |  | $ | 39 |  | $ | 233,522 |  | $ | (44,122) |  | $ | (1,846) |  | $ | 191,125 |  | $ | 3,593 |  | $ | 194,718 |
There were no reclassification adjustments from accumulated other comprehensive income for the three and nine months ended September 30, 2018 and 2017. Stock Repurchase Program On October 27, 2014, our Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $5.0 million of our outstanding common stock. These repurchases can be made from time to time in the open market and are funded from our existing cash balances and cash generated from operations. During 2015, we repurchased approximately 908,000 shares at an average price of $2.52 per share for a total purchase price of approximately $2.3 million under the stock repurchase program. No shares were repurchased during 2016 and 2017. During the three and nine months ended September 30, 2018, we did not repurchase any shares under the approved stock repurchase program. As of September 30, 2018, approximately $2.7 million remained available for future repurchases under this program. Currently, we do not plan to repurchase additional shares.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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