Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2020

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 loss per share calculations is as follows (in thousands, except per share data):

	Three Months Ended
	March 31,
	2020		2019
Numerator:
Net loss attributable to AXT, Inc.	$	(178)	$	(1,104)
Less: Preferred stock dividends		(44)		(44)
Net loss available to common stockholders	$	(222)	$	(1,148)
Denominator:
Denominator for basic net loss per share - weighted-average common shares		39,812		39,352
Effect of dilutive securities:
Common stock options		—		—
Restricted stock awards		—		—
Denominator for dilutive net loss per common shares		39,812		39,352
Net loss attributable to AXT, Inc. per common share:
Basic	$	(0.01)	$	(0.03)
Diluted	$	(0.01)	$	(0.03)
Options excluded from diluted net loss per share as the impact is anti-dilutive		2,763		2,654
Restricted stock excluded from diluted net loss per share as the impact is anti-dilutive		941		644