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Stockholders' Equity and Stock Repurchase Program
 3 Months Ended
Mar. 31, 2014
Stockholders' Equity and Stock Repurchase Program [Abstract]  
Stockholders' Equity and Stock Repurchase Program
Note 7. Stockholders' Equity and Stock Repurchase Program
Consolidated Statements of Changes in Equity

 
 
Preferred
Stock
  
Common
Stock
  
Additional
Paid In Capital
  
Accumulated
Deficit
  
Other
Comprehensive
Income/(loss)
  
AXT, Inc.
stockholders'
equity
  
Noncontrolling
interests
  
Total
stockholders'
equity
 
Balance as of December 31, 2013
 
$
3,532
  
$
32
  
$
194,156
  
$
(67,005
)
 
$
8,953
  
$
139,668
  
$
5,878
  
$
145,546
 
Stock-based compensation
          
292
           
292
       
292
 
Net (loss) income
              
(2,040
)
      
(2,040
)
  
205
   
(1,835
)
Dividends declared by joint ventures
                          
(83
)
  
(83
)
Change in unrealized (loss) gain on marketable securities
                  
(10
)
  
(10
)
      
(10
)
Currency translation adjustment
                  
(442
)
  
(442
)
  
(79
)
  
(521
)
Balance as of March 31, 2014
 
$
3,532
  
$
32
  
$
194,448
  
$
(69,045
)
 
$
8,501
  
$
137,468
  
$
5,921
  
$
143,389
 
 
There were no reclassification adjustments from accumulated other comprehensive income for the three months ended March 31, 2014 and March 31, 2013.

Stock Repurchase Program

On February 21, 2013, our Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $6.0 million of our outstanding common stock through February 27, 2014. These purchases 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 2013, we repurchased approximately 285,000 shares at an average price of $2.51 per share for a total purchase price of $716,000 under the stock repurchase program.

As of December 31, 2013, approximately $5.3 million remained available for future repurchases under this program. No shares were repurchased in the three months ended March 31, 2014 under this program. This repurchase plan expired on February 27, 2014. See Item 2, Unregistered Sales of Equity Securities and Use of Proceeds in Part II, Other Information, for additional information.