Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Numerator:
Net income (loss) attributable to AXT, Inc	$	1,151	$	(3)	$	1,193	$	(1,027)
Less: Preferred stock dividends		(44)		(44)		(88)		(88)
Net income (loss) available to common stockholders	$	1,107	$	(47)	$	1,105	$	(1,115)
Denominator:
Denominator for basic net loss per share - weighted average common shares		32,020		32,242		32,011		32,399
Effect of dilutive securities:
Common stock options		284		—		223		—
Restricted stock awards		147		—		120		—
Denominator for dilutive net loss per common shares		32,451		32,242		32,354		32,399
Net income (loss) attributable to AXT, Inc. per common share:
Basic	$	0.03	$	(0.00)	$	0.03	$	(0.03)
Diluted	$	0.03	$	(0.00)	$	0.03	$	(0.03)
Options excluded from diluted net income (loss) per share as the impact is anti-dilutive		1,343		3,102		2,551		3,102
Restricted stock excluded from diluted net income (loss) per share as the impact is anti-dilutive		19		466		10		466