Stockholders’ Equity

3 Months Ended

Mar. 31, 2016

Stockholders’ Equity

Stockholders’ Equity

Note 8. Stockholders’ Equity

Consolidated Statement of Changes in Equity

(in thousands)

									Other		AXT, Inc				Total
	Preferred		Common		Additional		Accumulated		Comprehensive		Stockholders’		Noncontrolling		Stockholders’
	Stock		Stock			Paid In Capital	Deficit		Income		Equity		Interests		Equity
Balance as of December 31, 2015	$	3,532	$	32	$	194,646	$	(70,621)	$	4,382	$	131,971	$	5,590	$	137,561
Common stock options exercised												—				—
Common stock repurchased												—				—
Stock-based compensation						253						253				253
Net (loss) income								42				42		(109)		(67)
Dividends declared by joint ventures												—		(52)		(52)
Other comprehensive income										283		283		44		327
Balance as of March 31, 2016	$	3,532	$	32	$	194,899	$	(70,579)	$	4,665	$	132,549	$	5,473	$	138,022

There were no reclassification adjustments from accumulated other comprehensive income for the three months ended March 31, 2016 and 2015.

Stock Repurchase Program

On February 21, 2013, our Board of Directors approved a stock repurchase program pursuant to which we could repurchase up to $6.0 million of our outstanding common stock through February 27, 2014. These purchases  were to be made from time to time in the open market and were 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 2014 under this program and the plan expired on February 27, 2014.

On October 27, 2014, our Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $5.0 million of our outstanding common stock.  These repurchases 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 2015, we repurchased approximately 908,000 shares at an average price of$2.52 per share for a total purchase price of approximately$2.3million under the stock repurchase program.During the three months ended March 31, 2016, we did not repurchase any shares under the approved stock repurchase program. As of March 31, 2016, approximately $2.7 million remained available for future repurchases under this program. See Item 2, Unregistered Sales of Equity Securities and Use of Proceeds in Part II, Other Information, for additional information.