XML 66 R55.htm IDEA: XBRL DOCUMENT v3.22.2.2
Net Income (Loss) Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Numerator:          
Net income attributable to AXT, Inc. $ 5,759 $ 3,800 $ 14,470 $ 11,610  
Less: Preferred stock dividends (44) (44) (132) (132)  
Net income available to common stockholders $ 5,715 $ 3,756 $ 14,338 $ 11,478  
Denominator:          
Denominator for basic net income (loss) per share - weighted-average common shares 42,163,000 41,460,000 42,011,000 41,237,000  
Effect of dilutive securities:          
Denominator for dilutive net income per common shares 42,982,000 42,678,000 42,718,000 42,710,000  
Net income attributable to AXT, Inc. per common share:          
Basic $ 0.14 $ 0.09 $ 0.34 $ 0.28  
Diluted $ 0.13 $ 0.09 $ 0.34 $ 0.27  
Preferred stock, shares issued (in shares) 883,000   883,000   883,000
Preferred stock, shares outstanding (in shares) 883,000   883,000   883,000
Preferred stock, par value (in dollars per share) $ 0.001   $ 0.001   $ 0.001
Preferred stock, value $ 3,532   $ 3,532   $ 3,532
Cumulative annual dividend rate (as a percent)     5.00%   5.00%
Liquidation preference over common stock (in dollars per share) $ 4   $ 4   $ 4
Options          
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]          
Securities excluded from diluted net income (loss) per share as the impact is anti-dilutive (in shares) 184,000 124,000 201,000 21,000  
Restricted stock awards          
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]          
Securities excluded from diluted net income (loss) per share as the impact is anti-dilutive (in shares) 69,000 138,000 202,000 112,000  
Options          
Effect of dilutive securities:          
Effect of dilutive securities (in shares) 440,000 691,000 399,000 887,000  
Restricted stock awards          
Effect of dilutive securities:          
Effect of dilutive securities (in shares) 379,000 527,000 308,000 586,000