Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2021

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				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Numerator:
Net income attributable to AXT, Inc.	$	4,385	$	361	$	7,810	$	183
Less: Preferred stock dividends		(44)		(44)		(88)		(88)
Net income available to common stockholders	$	4,341	$	317	$	7,722	$	95
Denominator:
Denominator for basic net income per share - weighted-average common shares		41,248		39,973		41,124		39,891
Effect of dilutive securities:
Common stock options		889		552		986		478
Restricted stock awards		590		225		615		174
Denominator for dilutive net income per common shares		42,727		40,750		42,725		40,543
Net income attributable to AXT, Inc. per common share:
Basic	$	0.11	$	0.01	$	0.19	$	0.00
Diluted	$	0.10	$	0.01	$	0.18	$	0.00
Options excluded from diluted net income per share as the impact is anti-dilutive		21		1,270		21		1,701
Restricted stock excluded from diluted net income per share as the impact is anti-dilutive		99		343		90		436