Stockholders' Equity and Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2011

Stockholders' Equity and Other Comprehensive Income (Loss) [Abstract]

Stockholders' Equity and Other Comprehensive Income (Loss)

Note 7. Stockholders' Equity and Other Comprehensive Income (Loss)

Consolidated Statements of Changes in Equity

(in thousands)

	Preferred Stock		Common Stock		Additional Paid In Capital		Accumulated Deficit			Other Comprehensive Income/(loss)			AXT, Inc. stockholders' equity			Noncontrolling interests			Total stockholders' equity
Balance as of December 31, 2010	$	3,532	$	32	$	190,021	$	(82,477	)	$	4,652		$	115,760		$	4,044		$	119,804
Common stock options exercised						533								533						533
Stock-based compensation						422								422						422
Comprehensive income:
Net income								11,270						11,270			3,085			14,355
Dividend paid																	(1,636	)		(1,636	)
Change in unrealized (loss) gain on marketable securities											(27	)		(27	)					(27	)
Currency translation adjustment											741			741			176			917
Balance as of June 30, 2011	$	3,532	$	32	$	190,976	$	(71,207	)	$	5,366		$	128,699		$	5,669		$	134,368

The components of comprehensive income (loss) are as follows (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Net income attributable to AXT, Inc.	$	7,062		$	5,535		$	11,270		$	8,115
Other comprehensive income (loss), net of tax:
Change in foreign currency translation gain (loss), net of tax		759			(158	)		917			(363	)
Change in unrealized gain (loss) on available-for-sale investments, net of tax		20			(274	)		(27	)		(293	)
Total other comprehensive income (loss), net of tax		779			(432	)		890			(656	)
Comprehensive income		7,841			5,103			12,160			7,459
Less: Comprehensive income attributable to the noncontrolling interest		(133	)		-			(176	)		-
Comprehensive income attributable to AXT, Inc.	$	7,708		$	5,103		$	11,984		$	7,459