XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.22.2

Net Income (Loss) Per Share (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Net Income (Loss) Per Share |
Reconciliation of numerators and denominators of basic and diluted net income (loss) 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 | ​ | Six Months Ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021 |
Numerator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to AXT, Inc. | ​ | $ | 5,546 | ​ | $ | 4,385 | ​ | $ | 8,711 | ​ | $ | 7,810 | ​
Less: Preferred stock dividends | ​ |  | (44) | ​ |  | (44) | ​ |  | (88) | ​ |  | (88) | ​
Net income available to common stockholders | ​ | $ | 5,502 | ​ | $ | 4,341 | ​ | $ | 8,623 | ​ | $ | 7,722 | ​
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator for basic net income per share - weighted-average common shares | ​ |  | 42,001 | ​ |  | 41,248 | ​ |  | 41,935 | ​ |  | 41,124 | ​
Effect of dilutive securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Common stock options | ​ |  | 284 | ​ |  | 889 | ​ |  | 379 | ​ |  | 986 | ​
Restricted stock awards | ​ |  | 226 | ​ |  | 590 | ​ |  | 272 | ​ |  | 615 | ​
Denominator for dilutive net income per common shares | ​ |  | 42,511 | ​ |  | 42,727 | ​ |  | 42,586 | ​ |  | 42,725 | ​
Net income attributable to AXT, Inc. per common share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | $ | 0.13 | ​ | $ | 0.11 | ​ | $ | 0.21 | ​ | $ | 0.19 | ​
Diluted | ​ | $ | 0.13 | ​ | $ | 0.10 | ​ | $ | 0.20 | ​ | $ | 0.18 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Options excluded from diluted net income per share as the impact is anti-dilutive | ​ |  | 392 | ​ |  | 21 | ​ |  | 220 | ​ |  | 21 | ​
Restricted stock excluded from diluted net income per share as the impact is anti-dilutive | ​ |  | 362 | ​ |  | 99 | ​ |  | 352 | ​ |  | 90 | ​

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

X
- 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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration