Stockholders’ equity was as follows (in thousands):

	Three Months Ended March 31,
	2014									2015
	Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity			Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity
Equity, beginning of period	$	643,330		$	56,525		$	699,855		$	677,222		$	60,960		$	738,182
Stock-based compensation	1,058			—			1,058			1,224			—			1,224
Comprehensive income:
Net income	7,841			2,560			10,401			(3,269		)	2,777			(492		)
Total comprehensive income	7,841			2,560			10,401			(3,269		)	2,777			(492		)
Issuance of common stock upon exercise of stock options	930			—			930			651			—			651
Dividends declared on common stock	(4,305		)	—			(4,305		)	(4,646		)	(3,066		)	(7,712		)
Distributions to non-controlling interests	—			(1,482		)	(1,482		)	—			—			—
Purchase of treasury stock	(1,756		)	—			(1,756		)	(1,884		)	—			(1,884		)
Disposition of non-controlling interests	—			—			—			—			20,013			20,013
Equity, end of period	$	647,098		$	57,603		$	704,701		$	669,298		$	80,684		$	749,982