XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.20.2

Stockholders' Equity | 9 Months Ended
--- | ---
Sep. 30, 2020
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 nine months ended September 30, 2020 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, 2019 |  | $ | 3,532 |  | $ | 41 |  | $ | 236,957 |  | $ | (47,783) |  | $ | (4,862) | ​ | $ | 187,885 |  | $ | 4,877 |  | $ | 192,762 | ​
Common stock options exercised | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 441 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 441 | ​ | ​ | — | ​ | ​ | 441 | ​
Stock-based compensation | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 643 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 643 | ​ | ​ | — | ​ | ​ | 643 | ​
Net income (loss) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (178) | ​ | ​ | — | ​ | ​ | (178) | ​ | ​ | 395 | ​ | ​ | 217 | ​
Other comprehensive loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,775) | ​ | ​ | (1,775) | ​ | ​ | (98) | ​ | ​ | (1,873) | ​
Balance as of March 31, 2020 | ​ | $ | 3,532 | ​ | $ | 41 | ​ | $ | 238,041 | ​ | $ | (47,961) | ​ | $ | (6,637) | ​ | $ | 187,016 | ​ | $ | 5,174 | ​ | $ | 192,190 | ​
Common stock options exercised | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 72 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 72 | ​ | ​ | — | ​ | ​ | 72 | ​
Stock-based compensation | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 641 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 641 | ​ | ​ | — | ​ | ​ | 641 | ​
Net income | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 361 | ​ | ​ | — | ​ | ​ | 361 | ​ | ​ | 598 | ​ | ​ | 959 | ​
Net dividend declared by joint ventures | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (89) | ​ | ​ | (89) | ​
Other comprehensive income | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 272 | ​ | ​ | 272 | ​ | ​ | 9 | ​ | ​ | 281 | ​
Balance as of June 30, 2020 |  | $ | 3,532 | ​ | $ | 41 | ​ | $ | 238,754 | ​ | $ | (47,600) | ​ | $ | (6,365) | ​ | $ | 188,362 | ​ | $ | 5,692 | ​ | $ | 194,054 | ​
Common stock options exercised | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 624 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 624 | ​ | ​ | — | ​ | ​ | 624 | ​
Sale of subsidiary shares to noncontrolling interests | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 396 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 396 | ​ | ​ | — | ​ | ​ | 396 | ​
Stock-based compensation | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 648 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 648 | ​ | ​ | — | ​ | ​ | 648 | ​
Net income | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 991 | ​ | ​ | — | ​ | ​ | 991 | ​ | ​ | 490 | ​ | ​ | 1,481 | ​
Other comprehensive income | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,373 | ​ | ​ | 4,373 | ​ | ​ | 316 | ​ | ​ | 4,689 | ​
Balance as of September 30, 2020 |  | $ | 3,532 | ​ | $ | 41 | ​ | $ | 240,422 | ​ | $ | (46,609) | ​ | $ | (1,992) | ​ | $ | 195,394 | ​ | $ | 6,498 | ​ | $ | 201,892 | ​
​ The changes in stockholders’ equity by component for the three and nine months ended September 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 income (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)
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
Common stock options exercised | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 35 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 35 | ​ | ​ | — | ​ | ​ | 35
Stock-based compensation | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 583 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 583 | ​ | ​ | — | ​ | ​ | 583
Net income | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (898) | ​ | ​ | — | ​ | ​ | (898) | ​ | ​ | 403 | ​ | ​ | (495)
Other comprehensive loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (4,110) | ​ | ​ | (4,110) | ​ | ​ | (214) | ​ | ​ | (4,324)
Balance as of September 30, 2019 |  | $ | 3,532 | ​ | $ | 40 | ​ | $ | 236,320 | ​ | $ | (45,734) | ​ | $ | (7,240) | ​ | $ | 186,918 | ​ | $ | 4,536 | ​ | $ | 191,454
​ ​ Except as shown above related to the deconsolidation of a subsidiary, there were no reclassification adjustments from accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2020 and 2019. ​ 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 2019. During the three and nine months ended September 30, 2020, we did not repurchase any shares under the approved stock repurchase program. As of September 30, 2020, approximately $2.7 million remained available for future repurchases under this program. Currently, we do not plan to repurchase additional shares.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration