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Stockholders' Equity | 3 Months Ended
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Mar. 31, 2021
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 months ended March 31, 2021 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, 2020 |  | $ | 3,532 |  | $ | 42 |  | $ | 230,381 |  | $ | (44,545) |  | $ | 3,209 | ​ | $ | 192,619 |  | $ | 15,350 |  | $ | 207,969 | ​
Common stock options exercised | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 704 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 704 | ​ | ​ | — | ​ | ​ | 704 | ​
Stock-based compensation | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 816 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 816 | ​ | ​ | — | ​ | ​ | 816 | ​
Formation of new subsidiary with noncontrolling interests | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (131) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (131) | ​ | ​ | 707 | ​ | ​ | 576 | ​
Sale of common stock to employees in connection with the reorganization | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 538 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 538 | ​ | ​ | — | ​ | ​ | 538 | ​
Purchase of subsidiary shares from noncontrolling interests | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (2,691) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (2,691) | ​ | ​ | (1,039) | ​ | ​ | (3,730) | ​
Net income (loss) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,425 | ​ | ​ | — | ​ | ​ | 3,425 | ​ | ​ | 311 | ​ | ​ | 3,736 | ​
Other comprehensive loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (131) | ​ | ​ | (131) | ​ | ​ | (16) | ​ | ​ | (147) | ​
Balance as of March 31, 2021 | ​ | $ | 3,532 | ​ | $ | 42 | ​ | $ | 229,617 | ​ | $ | (41,120) | ​ | $ | 3,078 | ​ | $ | 195,149 | ​ | $ | 15,313 | ​ | $ | 210,462 | ​
​ The changes in stockholders’ equity by component for the three months ended March 31, 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
​ ​ There were no reclassification adjustments from accumulated other comprehensive income (loss) for the three months ended March 31, 2021 and 2020. ​ 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 2020. During the three months ended March 31, 2021, we did not repurchase any shares under the approved stock repurchase program. As of March 31, 2021, 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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