Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2019

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				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
Numerator:
Net income attributable to AXT, Inc.	$	1,451	$	3,901	$	347	$	6,776
Less: Preferred stock dividends		(44)		(44)		(88)		(88)
Net income available to common stockholders	$	1,407	$	3,857	$	259	$	6,688
Denominator:
Denominator for basic net income per share - weighted-average common shares		39,447		39,001		39,399		38,970
Effect of dilutive securities:
Common stock options		624		1,094		602		1,191
Restricted stock awards		52		121		44		128
Denominator for dilutive net income per common shares		40,123		40,216		40,045		40,289
Net income attributable to AXT, Inc. per common share:
Basic	$	0.04	$	0.10	$	0.01	$	0.17
Diluted	$	0.04	$	0.10	$	0.01	$	0.17

Options excluded from diluted net income per share as the impact is anti-dilutive		1,280		228		1,284		186
Restricted stock excluded from diluted net income per share as the impact is anti-dilutive		568		249		550		240