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Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Net Income (Loss) 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 (loss) per share calculations is as follows (in thousands, except per share data):

​	​	​	​	​	​	​	​	​
​	​	​	Three Months Ended					​
​	​	​	March 31,					​
​			2021			2020
Numerator:	​	​	​	​	​	​	​	​
Net income (loss) attributable to AXT, Inc.	​	​	$	3,425	​	$	(178)	​
Less: Preferred stock dividends	​	​		(44)	​		(44)	​
Net income (loss) available to common stockholders	​	​	$	3,381	​	$	(222)	​
Denominator:	​	​	​	​	​	​	​	​
Denominator for basic net income (loss) per share - weighted-average common shares	​	​		41,004	​		39,812	​
Effect of dilutive securities:	​	​	​	​	​	​	​	​
Common stock options	​	​		1,082	​		—	​
Restricted stock awards	​	​		640	​		—	​
Denominator for dilutive net income (loss) per common shares	​	​		42,726	​		39,812	​
Net income (loss) attributable to AXT, Inc. per common share:	​	​	​	​	​	​	​	​
Basic	​	​	$	0.08	​	$	(0.01)	​
Diluted	​	​	$	0.08	​	$	(0.01)	​
​	​	​	​	​	​	​	​	​
Options excluded from diluted net income (loss) per share as the impact is anti-dilutive	​	​		21	​		2,763	​
Restricted stock excluded from diluted net income (loss) per share as the impact is anti-dilutive	​	​		57	​		941	​

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- References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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