Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Numerator:
Net income attributable to AXT, Inc.	$	5,546	$	4,385	$	8,711	$	7,810
Less: Preferred stock dividends		(44)		(44)		(88)		(88)
Net income available to common stockholders	$	5,502	$	4,341	$	8,623	$	7,722
Denominator:
Denominator for basic net income per share - weighted-average common shares		42,001		41,248		41,935		41,124
Effect of dilutive securities:
Common stock options		284		889		379		986
Restricted stock awards		226		590		272		615
Denominator for dilutive net income per common shares		42,511		42,727		42,586		42,725
Net income attributable to AXT, Inc. per common share:
Basic	$	0.13	$	0.11	$	0.21	$	0.19
Diluted	$	0.13	$	0.10	$	0.20	$	0.18
Options excluded from diluted net income per share as the impact is anti-dilutive		392		21		220		21
Restricted stock excluded from diluted net income per share as the impact is anti-dilutive		362		99		352		90