Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Numerator:
Net income (loss) attributable to AXT, Inc	$	2,229	$	42	$	3,422	$	(985)
Less: Preferred stock dividends		(44)		(44)		(132)		(132)
Net income (loss) available to common stockholders	$	2,185	$	(2)	$	3,290	$	(1,117)
Denominator:
Denominator for basic net income (loss) per share - weighted average common shares		32,110		31,988		32,043		32,262
Effect of dilutive securities:
Common stock options		827		—		425		—
Restricted stock awards		201		—		147		—
Denominator for dilutive net income (loss) per common shares		33,138		31,988		32,615		32,262
Net income (loss) attributable to AXT, Inc. per common share:
Basic	$	0.07	$	(0.00)	$	0.10	$	(0.03)
Diluted	$	0.07	$	(0.00)	$	0.10	$	(0.03)
Options excluded from diluted net income (loss) per share as the impact is anti-dilutive		652		3,037		910		3,037
Restricted stock excluded from diluted net income (loss) per share as the impact is anti-dilutive		—		466		—		466