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Net Income Per Share (Tables)
 9 Months Ended
Sep. 30, 2018
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, 

 

 

    

2018

    

2017

    

2018

    

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to AXT, Inc.

 

$

3,939

 

$

4,419

 

$

10,715

 

$

7,014

 

Less: Preferred stock dividends

 

 

(44)

 

 

(44)

 

 

(132)

 

 

(132)

 

Net income available to common stockholders

 

$

3,895

 

$

4,375

 

$

10,583

 

$

6,882

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

39,008

 

 

38,499

 

 

39,000

 

 

36,999

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock options

 

 

1,207

 

 

1,416

 

 

1,196

 

 

1,283

 

Restricted stock awards

 

 

116

 

 

180

 

 

124

 

 

187

 

Denominator for dilutive net income per common shares

 

 

40,331

 

 

40,095

 

 

40,320

 

 

38,469

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.10

 

$

0.11

 

$

0.27

 

$

0.19

 

Diluted

 

$

0.10

 

$

0.11

 

$

0.26

 

$

0.18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

186

 

 

68

 

 

186

 

 

573

 

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

 

 

34

 

 

34

 

 

239

 

 

11