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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables) | 12 Months Ended
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Dec. 31, 2013
QUARTERLY FINANCIAL DATA (UNAUDITED) |
Summary of the Company's quarterly results of operations | 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 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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