Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Net Income (Loss) Per Share

Reconciliation of numerators and denominators of basic and diluted net income per share

A reconciliation of the numerators and denominators of the basic and diluted net loss per share calculations is as follows (in thousands, except per share data):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Numerator:
Net income attributable to AXT, Inc.	$	361	$	1,451	$	183	$	347
Less: Preferred stock dividends		(44)		(44)		(88)		(88)
Net income available to common stockholders	$	317	$	1,407	$	95	$	259
Denominator:
Denominator for basic net income per share - weighted-average common shares		39,973		39,447		39,891		39,399
Effect of dilutive securities:
Common stock options		552		624		478		602
Restricted stock awards		225		52		174		44
Denominator for dilutive net income per common shares		40,750		40,123		40,543		40,045
Net income attributable to AXT, Inc. per common share:
Basic	$	0.01	$	0.04	$	0.00	$	0.01
Diluted	$	0.01	$	0.04	$	0.00	$	0.01
Options excluded from diluted net income per share as the impact is anti-dilutive		1,270		1,280		1,701		1,284
Restricted stock excluded from diluted net income per share as the impact is anti-dilutive		343		568		436		550