Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2016

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
	March 31,
	2016		2015
Numerator:
Net income (loss) attributable to AXT, Inc	$	42	$	(1,024)
Less: Preferred stock dividends		(44)		(44)
Net loss available to common stockholders	$	(2)	$	(1,068)
Denominator:
Denominator for basic net loss per share - weighted average common shares		32,002		32,553
Effect of dilutive securities:
Common stock options		—		—
Restricted stock awards		—		—
Denominator for dilutive net loss per common shares		32,002		32,553
Net income (loss) attributable to AXT, Inc. per common share:
Basic	$	(0.00)	$	(0.03)
Diluted	$	(0.00)	$	(0.03)
Options excluded from diluted net loss per share as the impact is anti-dilutive		3,313		3,167
Restricted stock excluded from diluted net loss per share as the impact is anti-dilutive		339		261