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Net Income Per Share (Tables)
 3 Months Ended
Mar. 31, 2019
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

 

 

 

March 31, 

 

 

    

2019

    

2018

 

Numerator:

 

 

 

 

 

 

 

Net income (loss) attributable to AXT, Inc.

 

$

(1,104)

 

$

2,875

 

Less: Preferred stock dividends

 

 

(44)

 

 

(44)

 

Net income (loss) available to common stockholders

 

$

(1,148)

 

$

2,831

 

Denominator:

 

 

 

 

 

 

 

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

 

 

39,352

 

 

38,941

 

Effect of dilutive securities:

 

 

 

 

 

 

 

Common stock options

 

 

 —

 

 

1,289

 

Restricted stock awards

 

 

 —

 

 

134

 

Denominator for dilutive net income (loss) per common shares

 

 

39,352

 

 

40,364

 

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

 

 

 

 

 

 

 

Basic

 

$

(0.03)

 

$

0.07

 

Diluted

 

$

(0.03)

 

$

0.07

 

 

 

 

 

 

 

 

 

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

 

 

2,654

 

 

184

 

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

 

 

644

 

 

240