Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2020

Stockholders' Equity

Consolidated statements of changes in stockholders' equity

Condensed Consolidated Statements of Changes in Stockholders’ Equity

(in thousands)

The changes in stockholders’ equity by component for the three and six months ended June 30, 2020 are as follows:

									Accumulated
									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, 2019	$	3,532	$	41	$	236,957	$	(47,783)	$	(4,862)	$	187,885	$	4,877	$	192,762
Common stock options exercised		—		—		441		—		—		441		—		441
Stock-based compensation		—		—		643		—		—		643		—		643
Net income (loss)		—		—		—		(178)		—		(178)		395		217
Other comprehensive loss		—		—		—		—		(1,775)		(1,775)		(98)		(1,873)
Balance as of March 31, 2020	$	3,532	$	41	$	238,041	$	(47,961)	$	(6,637)	$	187,016	$	5,174	$	192,190
Common stock options exercised		—		—		72		—		—		72		—		72
Stock-based compensation		—		—		641		—		—		641		—		641
Net income		—		—		—		361		—		361		598		959
Net dividend declared by joint ventures		—		—		—		—		—		—		(89)		(89)
Other comprehensive income		—		—		—		—		272		272		9		281
Balance as of June 30, 2020	$	3,532	$	41	$	238,754	$	(47,600)	$	(6,365)	$	188,362	$	5,692	$	194,054

The changes in stockholders’ equity by component for the three and six months ended June 30, 2019 are as follows:

									Accumulated
									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, 2018	$	3,532	$	40	$	234,418	$	(45,183)	$	(1,972)	$	190,835	$	3,697	$	194,532
Reclassification out of accumulated other comprehensive income and noncontrolling interests upon the deconsolidation of a subsidiary		—		—		—		—		(1,150)		(1,150)		533		(617)
Stock-based compensation		—		—		558		—		—		558		—		558
Net income (loss)		—		—		—		(1,104)		—		(1,104)		81		(1,023)
Other comprehensive income		—		—		—		—		2,389		2,389		142		2,531
Balance as of March 31, 2019	$	3,532	$	40	$	234,976	$	(46,287)	$	(733)	$	191,528	$	4,453	$	195,981
Common stock options exercised		—		—		232		—		—		232		—		232
Purchase of subsidiary shares from noncontrolling interests		—		—		(74)		—		—		(74)		(339)		(413)
Stock-based compensation		—		—		568		—		—		568		—		568
Net income		—		—		—		1,451		—		1,451		287		1,738
Other comprehensive loss		—		—		—		—		(2,397)		(2,397)		(54)		(2,451)
Balance as of June 30, 2019	$	3,532	$	40	$	235,702	$	(44,836)	$	(3,130)	$	191,308	$	4,347	$	195,655