Net income (loss) per Share

12 Months Ended

Dec. 31, 2011

Net income (loss) per Share [Abstract]

Net income (loss) per Share

Note 14. 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):

	Years Ended December 31,
	2011			2010			2009
Numerator:
Net income (loss) attributable to AXT, Inc	$	20,320		$	18,653		$	(1,898	)
Less: Preferred stock dividends		(177	)		(177	)		(177	)
Net income (loss) to common stockholders	$	20,143		$	18,476		$	(2,075	)
Denominator:
Denominator for basic net income (loss) per share-weighted average common shares		31,872			31,008			30,500
Effect of dilutive securities:
Common stock options		1,093			1,380			-
Restricted stock awards		96			124			-
Denominator for dilutive net income (loss) per share		33,061			32,512			30,500
Basic net income (loss) per share:
Net income (loss) attributable to AXT, Inc	$	0.64		$	0.60		$	(0.06	)
Net income (loss) to common stockholders	$	0.63		$	0.60		$	(0.07	)
Diluted net income (loss) per share:
Net income (loss) attributable to AXT, Inc	$	0.61		$	0.57		$	(0.06	)
Net income (loss) to common stockholders	$	0.61		$	0.57		$	(0.07	)
Options excluded from diluted net income (loss) per share as the impact is anti-dilutive		478			14			2,880
Restricted stock excluded from diluted net income (loss) per share as the impact is anti-dilutive		116			127			55