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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)        
Revenue $ 20,495 $ 21,010 $ 39,208 $ 41,074
Cost of revenue 14,468 16,625 27,928 31,940
Gross profit 6,027 4,385 11,280 9,134
Operating expenses:        
Selling, general and administrative 3,419 3,775 6,793 9,026
Research and development 1,472 1,389 2,853 2,630
Restructuring charge 226   226  
Total operating expenses 5,117 5,164 9,872 11,656
Income (loss) from operations 910 (779) 1,408 (2,522)
Interest income, net 100 108 198 205
Equity in earnings (loss) of unconsolidated joint ventures (400) 410 (856) 610
Other income, net 328 626 518 1,259
Income (loss) before provision for income taxes 938 365 1,268 (448)
Provision for income taxes 140 241 537 327
Net income (loss) 798 124 731 (775)
Less: Net (income) loss attributable to noncontrolling interests 353 (127) 462 (252)
Net income (loss) attributable to AXT, Inc. $ 1,151 $ (3) $ 1,193 $ (1,027)
Net income (loss) attributable to AXT, Inc. per common share:        
Basic (in dollars per share) $ 0.03 $ 0.00 $ 0.03 $ (0.03)
Diluted (in dollars per share) $ 0.03 $ 0.00 $ 0.03 $ (0.03)
Weighted average number of common shares outstanding:        
Basic (in shares) 32,020 32,242 32,011 32,399
Diluted (in shares) 32,451 32,242 32,354 32,399