Stockholders' Equity

9 Months Ended

Sep. 30, 2015

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 7. Stockholders’ Equity

Consolidated Statement of Changes in Equity

(in thousands)

									Other		AXT, Inc.				Total
	Preferred		Common		Additional		Accumulated		Comprehensive		stockholders’		Noncontrolling		stockholders’
	Stock		Stock			Paid In Capital	Deficit		Income/(loss)		equity		interests		equity
Balance as of December 31, 2014	$	3,532	$	32	$	195,419	$	(68,393)	$	7,673	$	138,263	$	6,425	$	144,688
Common stock options exercised						165						165				165
Common stock repurchased						(2,254)						(2,254)				(2,254)
Stock-based compensation						1,051						1,051				1,051
Net (loss) income								(985)				(985)		257		(728)
Dividends declared by joint ventures												0		(83)		(83)
Change in unrealized (loss) gain on marketable securities										(484)		(484)				(484)
Currency translation adjustment										(2,023)		(2,023)		(298)		(2,321)
Balance as of September 30, 2015	$	3,532	$	32	$	194,381	$	(69,378)	$	5,166	$	133,733	$	6,301	$	140,034

There were no reclassification adjustments from accumulated other comprehensive income for the nine months ended September 30, 2015 and 2014.

Stock Repurchase Program

On February 21, 2013, our Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $6.0 million of our outstanding common stock through February 27, 2014. These purchases  were to be made from time to time in the open market and were funded from our existing cash balances and cash generated from operations. During 2013, we repurchased approximately 285,000 shares at an average price of $2.51 per share for a total purchase price of $716,000 under the stock repurchase program. As of December 31, 2013, approximately $5.3 million remained available for future repurchases under this program. No shares were repurchased in 2014 under this program and the plan expired on February 27, 2014.

On October 27, 2014, our Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $5.0 million of our outstanding common stock.  These repurchases can be made from time to time in the open market and are funded from our existing cash balances and cash generated from operations. During the three months ended September 30, 2015, we repurchased approximately 308,000 shares at an average price of $2.38 per share for a total purchase price of approximately $733,000 under the stock repurchase program. During the nine months ended September 30, 2015, we repurchased approximately 891,000 shares at an average price of $2.53 per share for a total purchase price of $2.3 million under the stock repurchase program. As of September 30, 2015, approximately $2.7 million remained available for future repurchases under this program. See Item 2, Unregistered Sales of Equity Securities and Use of Proceeds in Part II, Other Information, for additional information.