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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2019
Stockholders' Equity |
Stockholders' Equity | Note 8. Stockholders’ Equity Condensed Consolidated Statements of Changes in Stockholders’ Equity (in thousands) The changes in stockholders’ equity by component for the three and six months ended June 30, 2019, are as follows:
|  |  |  |  |  |  |  |  |  | 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, 2018 |  | $ | 3,532 |  | $ | 40 |  | $ | 234,418 |  | $ | (45,183) |  | $ | (1,972) |  | $ | 190,835 |  | $ | 3,697 |  | $ | 194,532 |
Reclassification out of accumulated other comprehensive income and noncontrolling interests upon the deconsolidation of a subsidiary |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,150) |  |  | (1,150) |  |  | 533 |  |  | (617) |
Stock-based compensation |  |  | — |  |  | — |  |  | 558 |  |  | — |  |  | — |  |  | 558 |  |  | — |  |  | 558 |
Net loss |  |  | — |  |  | — |  |  | — |  |  | (1,104) |  |  | — |  |  | (1,104) |  |  | 81 |  |  | (1,023) |
Other comprehensive income |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,389 |  |  | 2,389 |  |  | 142 |  |  | 2,531 |
Balance as of March 31, 2019 |  | $ | 3,532 |  | $ | 40 |  | $ | 234,976 |  | $ | (46,287) |  | $ | (733) |  | $ | 191,528 |  | $ | 4,453 |  | $ | 195,981 |
Common stock options exercised |  |  | — |  |  | — |  |  | 232 |  |  | — |  |  | — |  |  | 232 |  |  | — |  |  | 232 |
Purchase of subsidiary shares from noncontrolling interests |  |  | — |  |  | — |  |  | (74) |  |  | — |  |  | — |  |  | (74) |  |  | (339) |  |  | (413) |
Reclassification out of accumulated other comprehensive income and noncontrolling interests upon the deconsolidation of a subsidiary |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Stock-based compensation |  |  | — |  |  | — |  |  | 568 |  |  | — |  |  | — |  |  | 568 |  |  | — |  |  | 568 |
Net income |  |  | — |  |  | — |  |  | — |  |  | 1,451 |  |  | — |  |  | 1,451 |  |  | 287 |  |  | 1,738 |
Other comprehensive loss |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,397) |  |  | (2,397) |  |  | (54) |  |  | (2,451) |
Balance as of June 30, 2019 |  | $ | 3,532 |  | $ | 40 |  | $ | 235,702 |  | $ | (44,836) |  | $ | (3,130) |  | $ | 191,308 |  | $ | 4,347 |  | $ | 195,655 |
The changes in stockholders’ equity by component for the three and six months ended June 30, 2018, are as follows:
|  |  |  |  |  |  |  |  |  | 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 |  |  | — |  |  | — |  |  | 66 |  |  | — |  |  | — |  |  | 66 |  |  | — |  |  | 66
Stock-based compensation |  |  | — |  |  | — |  |  | 467 |  |  | — |  |  | — |  |  | 467 |  |  | — |  |  | 467
Net income |  |  | — |  |  | — |  |  | — |  |  | 2,875 |  |  | — |  |  | 2,875 |  |  | 315 |  |  | 3,190
Other comprehensive income |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,439 |  |  | 2,439 |  |  | 260 |  |  | 2,699
Balance as of March 31, 2018 |  | $ | 3,532 |  | $ | 39 |  | $ | 232,212 |  | $ | (51,962) |  | $ | 5,846 |  | $ | 189,667 |  | $ | 5,072 |  | $ | 194,739
Common stock options exercised |  |  | — |  |  | — |  |  | 112 |  |  | — |  |  | — |  |  | 112 |  |  | — |  |  | 112
Purchase of subsidiary shares from noncontrolling interests |  |  | — |  |  | — |  |  | 196 |  |  | — |  |  | — |  |  | 196 |  |  | (1,551) |  |  | (1,355)
Stock-based compensation |  |  | — |  |  | — |  |  | 464 |  |  | — |  |  | — |  |  | 464 |  |  | — |  |  | 464
Net income |  |  | — |  |  | — |  |  | — |  |  | 3,901 |  |  | — |  |  | 3,901 |  |  | 650 |  |  | 4,551
Other comprehensive loss |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4,674) |  |  | (4,674) |  |  | (304) |  |  | (4,978)
Balance as of June 30, 2018 |  | $ | 3,532 |  | $ | 39 |  | $ | 232,984 |  | $ | (48,061) |  | $ | 1,172 |  | $ | 189,666 |  | $ | 3,867 |  | $ | 193,533
Except as shown above related to the deconsolidation of a subsidiary, there were no reclassification adjustments from accumulated other comprehensive income for the three and six months ended June 30, 2019 and 2018. 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 from 2016 through 2018. During the three and six months ended June 30, 2019, we did not repurchase any shares under the approved stock repurchase program. As of June 30, 2019, 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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