Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Net Income (Loss) 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				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Numerator:
Net income (loss) attributable to AXT, Inc.	$	(898)	$	3,939	$	(551)	$	10,715
Less: Preferred stock dividends		(44)		(44)		(132)		(132)
Net income (loss) available to common stockholders	$	(942)	$	3,895	$	(683)	$	10,583
Denominator:
Denominator for basic net income (loss) per share - weighted-average common shares		39,466		39,008		39,438		39,000
Effect of dilutive securities:
Common stock options		—		1,207		—		1,196
Restricted stock awards		—		116		—		124
Denominator for dilutive net income (loss) per common shares		39,466		40,331		39,438		40,320
Net income (loss) attributable to AXT, Inc. per common share:
Basic	$	(0.02)	$	0.10	$	(0.02)	$	0.27
Diluted	$	(0.02)	$	0.10	$	(0.02)	$	0.26
Options excluded from diluted net income (loss) per share as the impact is anti-dilutive		2,523		186		2,523		186
Restricted stock excluded from diluted net income (loss) per share as the impact is anti-dilutive		698		34		698		239