Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Numerator:
Net income attributable to AXT, Inc.	$	3,901	$	1,930	$	6,776	$	2,595
Less: Preferred stock dividends		(44)		(44)		(88)		(88)
Net income available to common stockholders	$	3,857	$	1,886	$	6,688	$	2,507
Denominator:
Denominator for basic net income per share - weighted-average common shares		39,001		38,306		38,970		36,238
Effect of dilutive securities:
Common stock options		1,094		1,212		1,191		1,216
Restricted stock awards		121		188		128		191
Denominator for dilutive net income per common shares		40,216		39,706		40,289		37,645
Net incomeattributable to AXT, Inc. per common share:
Basic	$	0.10	$	0.05	$	0.17	$	0.07
Diluted	$	0.10	$	0.05	$	0.17	$	0.07
Options excluded from diluted net income per share as the impact is anti-dilutive		228		622		186		617
Restricted stock excluded from diluted net income per share as the impact is anti-dilutive		249		—		240		5