QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2014

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

- 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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