QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2012

QUARTERLY FINANCIAL DATA (UNAUDITED)

15. QUARTERLY FINANCIAL DATA (UNAUDITED)

Following is a summary of the Company's quarterly results of operations for the years ended December 31, 2011 and 2012 (in thousands):

	2011 Consolidated for the Three Months Ended

	March 31			June 30			September 30			December 31
Total revenue	$	188,154		$	193,753		$	194,346		$	182,943
Operating expenses		177,765			187,476			166,700			172,004

Income from operations		10,389			6,277			27,646			10,939
Other income (expense), net		(2,579	)		(3,907	)		(3,237	)		(3,062	)

Income before income taxes		7,810			2,370			24,409			7,877
Income taxes		3,830			1,052			11,193			4,494

Net income		3,980			1,318			13,216			3,383
Net (income) loss attributable to non-controlling interests, net of tax		517			497			(1,880	)		763

Net income attributable to Atlantic Tele-Network, Inc. stockholders	$	4,497		$	1,815		$	11,336		$	4,146

Earnings per share (basic)	$	0.29		$	0.12		$	0.74		$	0.27

Earnings per share (diluted)	$	0.29		$	0.12		$	0.73		$	0.27

	2012 Consolidated for the Three Months Ended

	March 31			June 30			September 30			December 31
Total revenue	$	182,890		$	185,293		$	188,798		$	184,385
Operating expenses		164,731			162,219			159,168			155,787

Income from operations		18,159			23,074			29,630			28,598
Other income (expense), net		(2,441	)		(3,328	)		(2,105	)		37

Income before income taxes		15,718			19,746			27,525			28,635
Income taxes		6,781			7,979			9,513			14,184

Net income		8,937			11,767			18,012			14,451
Net income attributable to non-controlling interests, net of tax		384			(1,237	)		(2,047	)		(1,335	)

Net income attributable to Atlantic Tele-Network, Inc. stockholders	$	9,321		$	10,530		$	15,965		$	13,116

Earnings per share (basic)	$	0.60		$	0.68		$	1.03		$	0.84

Earnings per share (diluted)	$	0.60		$	0.67		$	1.02		$	0.84

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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