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QUARTERLY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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Dec. 31, 2013
QUARTERLY FINANCIAL DATA (UNAUDITED) |
QUARTERLY FINANCIAL DATA (UNAUDITED) | 17. QUARTERLY FINANCIAL DATA (UNAUDITED) Following is a summary of the Company's quarterly results of operations for the years ended December 31, 2012 and 2013 (in thousands):
|  | 2012 Consolidated for the Three Months Ended |
--- | --- | --- | ---
|  | March 31 |  | June 30 |  | September 30 |  | December 31 |
Total revenue |  | $ | 65,745 |  | $ | 68,827 |  | $ | 73,312 |  | $ | 69,912 |
Operating expenses |  |  | 57,331 |  |  | 57,894 |  |  | 57,141 |  |  | 48,792 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income from operations |  |  | 8,414 |  |  | 10,933 |  |  | 16,171 |  |  | 21,120 |
Other income (expense), net |  |  | (3,826 | ) |  | (4,435 | ) |  | (2,936 | ) |  | (645 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income from continuing operations before income taxes |  |  | 4,588 |  |  | 6,498 |  |  | 13,235 |  |  | 20,475 |
Income tax provision |  |  | 2,214 |  |  | 2,673 |  |  | 4,145 |  |  | 11,799 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income from continuing operations |  |  | 2,374 |  |  | 3,825 |  |  | 9,090 |  |  | 8,676 |
Income from discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net of tax |  |  | 6,563 |  |  | 7,942 |  |  | 8,922 |  |  | 5,775 |
Income from discontinued operations, net of tax |  |  | 6,563 |  |  | 7,942 |  |  | 8,922 |  |  | 5,775 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income |  |  | 8,937 |  |  | 11,767 |  |  | 18,012 |  |  | 14,451 |
Net income attributable to non-controlling interests, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 522 |  |  | (856 | ) |  | (1,681 | ) |  | (1,130 | )
Discontinued operations |  |  | (138 | ) |  | (382 | ) |  | (365 | ) |  | (205 | )
Disposal of discontinued operations |  |  | — |  |  | — |  |  | — |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 384 |  |  | (1,238 | ) |  | (2,046 | ) |  | (1,335 | )
Net income attributable to Atlantic Tele-Network, Inc. stockholders |  |  | 9,321 |  |  | 10,529 |  |  | 15,966 |  |  | 13,116 |
Net income per weighted average basic share attributable to Atlantic Tele-Network, Inc. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.19 |  |  | 0.19 |  |  | 0.48 |  |  | 0.48 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |
Discontinued operations |  |  | 0.42 |  |  | 0.49 |  |  | 0.55 |  |  | 0.36 |
Gain on Sale of discontinued operations |  |  | — |  |  | — |  |  | — |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total discontinued operations |  |  | 0.42 |  |  | 0.49 |  |  | 0.55 |  |  | 0.36 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  |  | 0.61 |  |  | 0.68 |  |  | 1.03 |  |  | 0.84 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income per weighted average diluted share attributable to Atlantic Tele-Network, Inc. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.19 |  |  | 0.19 |  |  | 0.47 |  |  | 0.48 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |
Discontinued operations |  |  | 0.41 |  |  | 0.48 |  |  | 0.55 |  |  | 0.36 |
Gain on Sale of discontinued operations |  |  | — |  |  | — |  |  | — |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total discontinued operations |  |  | 0.41 |  |  | 0.48 |  |  | 0.55 |  |  | 0.36 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  |  | 0.60 |  |  | 0.67 |  |  | 1.02 |  |  | 0.84 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | 2013 Consolidated for the Three Months Ended |
--- | --- | --- | ---
|  | March 31 |  | June 30 |  | September 30 |  | December 31 |
Total revenue |  | $ | 64,832 |  | $ | 71,625 |  | $ | 79,350 |  |  | 77,028 |
Operating expenses |  |  | 52,754 |  |  | 55,719 |  |  | 59,312 |  |  | 60,965 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income from operations |  |  | 12,078 |  |  | 15,906 |  |  | 20,038 |  |  | 16,063 |
Other income (expense), net |  |  | (2,249 | ) |  | (2,707 | ) |  | (13,042 | ) |  | 386 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income from continuing operations before income taxes |  |  | 9,829 |  |  | 13,199 |  |  | 6,996 |  |  | 16,449 |
Income taxes |  |  | 3,945 |  |  | 4,868 |  |  | 2,481 |  |  | (1,758 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income from continuing operations |  |  | 5,884 |  |  | 8,331 |  |  | 4,515 |  |  | 18,207 |
Income from discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net of tax |  |  | 4,034 |  |  | 3,092 |  |  | (1,960 | ) |  | — |
Gain on sale of discontinued operations, net of tax |  |  | — |  |  | — |  |  | 305,197 |  |  | 1,905 |
Income from discontinued operations, net of tax |  |  | 4,034 |  |  | 3,092 |  |  | 303,237 |  |  | 1,905 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income |  |  | 9,918 |  |  | 11,423 |  |  | 307,752 |  |  | 20,112 |
Net income attributable to non-controlling interests, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | (1,055 | ) |  | (1,934 | ) |  | (2,945 | ) |  | (2,055 | )
Discontinued operations |  |  | (87 | ) |  | (630 | ) |  | 116 |  |  | — |
Disposal of discontinued operations |  |  | — |  |  | — |  |  | (28,699 | ) |  | (200 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | (1,142 | ) |  | (2,564 | ) |  | (31,528 | ) |  | (2,255 | )
Net income attributable to Atlantic Tele-Network, Inc. stockholders |  |  | 8,776 |  |  | 8,859 |  |  | 276,224 |  |  | 17,857 |
Net income per weighted average basic share attributable to Atlantic Tele-Network, Inc. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.31 |  |  | 0.41 |  |  | 0.10 |  |  | 1.02 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |
Discontinued operations |  |  | 0.25 |  |  | 0.16 |  |  | (0.12 | ) |  | — |
Gain on sale of discontinued operations |  |  | — |  |  | — |  |  | 17.57 |  |  | 0.15 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total discontinued operations |  |  | 0.25 |  |  | 0.16 |  |  | 17.45 |  |  | 0.15 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  |  | 0.56 |  |  | 0.57 |  |  | 17.55 |  |  | 1.17 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income per weighted average diluted share attributable to Atlantic Tele-Network, Inc. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.31 |  |  | 0.40 |  |  | 0.10 |  |  | 1.02 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |
Discontinued operations |  |  | 0.25 |  |  | 0.16 |  |  | (0.12 | ) |  | — |
Gain on Sale of discontinued operations |  |  | — |  |  | — |  |  | 17.45 |  |  | 0.14 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total discontinued operations |  |  | 0.25 |  |  | 0.16 |  |  | 17.33 |  |  | 0.14 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  |  | 0.56 |  |  | 0.56 |  |  | 17.43 |  |  | 1.16 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certain revisions to correct profit and loss classifications have been made in prior period financial statements. See Note 2 for additional information. The effect on the quarters ended March 31, 2013, June 30, 2013, and September 30, 2013 was an understatement of revenue of $0.8 million, $0.8 million and $0.2 million, respectively.

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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