Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2022

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
	March 31,
	2022		2021
Numerator:
Net income attributable to AXT, Inc.	$	3,165	$	3,425
Less: Preferred stock dividends		(44)		(44)
Net income available to common stockholders	$	3,121	$	3,381
Denominator:
Denominator for basic net income per share - weighted-average common shares		41,871		41,004
Effect of dilutive securities:
Common stock options		474		1,082
Restricted stock awards		317		640
Denominator for dilutive net income per common shares		42,662		42,726
Net income attributable to AXT, Inc. per common share:
Basic	$	0.07	$	0.08
Diluted	$	0.07	$	0.08
Options excluded from diluted net income (loss) per share as the impact is anti-dilutive		201		21
Restricted stock excluded from diluted net income (loss) per share as the impact is anti-dilutive		218		57