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QUARTERLY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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Dec. 31, 2014
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, 2013 and 2014 (in thousands):
|  | 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 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | 2014 Consolidated for the Three Months Ended |
|  | March 31 |  | June 30 |  | September 30 |  | December 31 |
Total revenue |  | $ | 75,174 |  | $ | 83,269 |  | $ | 89,393 |  |  | 88,511 |
Operating expenses |  |  | 58,926 |  |  | 61,662 |  |  | 61,235 |  |  | 68,948 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income from operations |  |  | 16,248 |  |  | 21,607 |  |  | 28,158 |  |  | 19,563 |
Other income (expense), net |  |  | (295 | ) |  | 53 |  |  | 325 |  |  | 509 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income from continuing operations before income taxes |  |  | 15,953 |  |  | 21,660 |  |  | 28,483 |  |  | 20,072 |
Income taxes |  |  | 5,552 |  |  | 7,338 |  |  | 9,569 |  |  | 5,689 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income from continuing operations |  |  | 10,401 |  |  | 14,322 |  |  | 18,914 |  |  | 14,383 |
Income from discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net of tax |  |  | — |  |  | — |  |  | — |  |  | — |
Gain on sale of discontinued operations, net of tax |  |  | — |  |  | — |  |  | — |  |  | 1,102 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income from discontinued operations, net of tax |  |  | — |  |  | — |  |  | — |  |  | 1,102 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income |  |  | 10,401 |  |  | 14,322 |  |  | 18,914 |  |  | 15,485 |
Net income attributable to non-controlling interests, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | (2,560 | ) |  | (2,809 | ) |  | (2,747 | ) |  | (2,854 | )
Discontinued operations |  |  | — |  |  | — |  |  | — |  |  | — |
Disposal of discontinued operations |  |  | — |  |  | — |  |  | — |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | (2,560 | ) |  | (2,809 | ) |  | (2,747 | ) |  | (2,854 | )
Net income attributable to Atlantic Tele-Network, Inc. stockholders |  |  | 7,841 |  |  | 11,513 |  |  | 16,167 |  |  | 12,631 |
Net income per weighted average basic share attributable to Atlantic Tele-Network, Inc. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.50 |  |  | 0.72 |  |  | 1.02 |  |  | 0.72 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |
Discontinued operations |  |  | — |  |  | — |  |  | — |  |  | — |
Gain on sale of discontinued operations |  |  | — |  |  | — |  |  | — |  |  | 0.07 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total discontinued operations |  |  | — |  |  | — |  |  | — |  |  | 0.07 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  |  | 0.50 |  |  | 0.72 |  |  | 1.02 |  |  | 0.79 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income per weighted average diluted share attributable to Atlantic Tele-Network, Inc. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.49 |  |  | 0.72 |  |  | 1.01 |  |  | 0.72 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |
Discontinued operations |  |  | — |  |  | — |  |  | — |  |  | — |
Gain on Sale of discontinued operations |  |  | — |  |  | — |  |  | — |  |  | 0.07 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total discontinued operations |  |  | — |  |  | — |  |  | — |  |  | 0.07 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  |  | 0.49 |  |  | 0.72 |  |  | 1.01 |  |  | 0.79 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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