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Net Income Per Share (Tables)
 3 Months Ended
Mar. 31, 2018
Net Income Per Share  
Reconciliation of numerators and denominators of basic and diluted net income per share

A reconciliation of the numerators and denominators of the basic and diluted net income per share calculations is as follows (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 

 

    

2018

    

2017

Numerator:

 

 

 

 

 

 

Net income attributable to AXT, Inc.

 

$

2,875

 

$

665

Less: Preferred stock dividends

 

 

(44)

 

 

(44)

Net income available to common stockholders

 

$

2,831

 

$

621

Denominator:

 

 

 

 

 

 

Denominator for basic net income per share - weighted-average common shares

 

 

38,941

 

 

34,210

Effect of dilutive securities:

 

 

 

 

 

 

Common stock options

 

 

1,289

 

 

1,220

Restricted stock awards

 

 

134

 

 

194

Denominator for dilutive net income per common shares

 

 

40,364

 

 

35,624

Net income attributable to AXT, Inc. per common share:

 

 

 

 

 

 

Basic

 

$

0.07

 

$

0.02

Diluted

 

$

0.07

 

$

0.02

 

 

 

 

 

 

 

Options excluded from diluted net income per share as the impact is anti-dilutive

 

 

184

 

 

639

Restricted stock excluded from diluted net income per share as the impact is anti-dilutive

 

 

240

 

 

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