XML 42 R27.htm IDEA: XBRL DOCUMENT
v3.8.0.1

REVENUE RECOGNITION (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Revenue Recognition |
Summary of contracts asset and liabilities | Contracts asset and liabilities consisted of the following (amounts in thousands):
|  | March 31, 2018 |  | January 1, 2018 |  | $ Change |  | % Change
Contract asset – current | $ | 1,309 | $ | 1,176 | $ | 133 |  | 11%
Contract asset – noncurrent |  | 498 |  | 453 |  | 45 |  | 10%
Contract liabilities |  | (9,827) |  | (9,912) |  | 85 |  | -1%
Net contract liability | $ | (8,020) | $ | (8,283) | $ | 263 |  | -3%
ASU 2014-09 |
Revenue Recognition |
Summary of changes to the Company’s financial statements as a result of the adoption of ASC 606 | The tables below identify changes to the Company’s financial statements as of March 31, 2018 and for the three months then ended as a result of the adoption of ASC 606 as compared to previous revenue guidance (amounts in thousands):
Balance Sheet - March 31, 2018
|  | Reported |  | Change |  | Under previous guidance
Prepayments and other current assets | $ | 33,450 | $ | (2,426) | $ | 31,024
Total current assets | $ | 303,355 | $ | (2,426) | $ | 300,929
Other assets | $ | 37,060 | $ | (1,298) | $ | 35,762
Total Assets | $ | 1,196,818 | $ | (3,724) | $ | 1,193,094
Advance payments and deposits | $ | 26,750 | $ | (277) | $ | 26,473
Accrued taxes |  | 12,067 |  | (93) |  | 11,974
Total current liabilities | $ | 168,891 | $ | (370) | $ | 168,521
Deferred income taxes | $ | 30,945 | $ | (301) | $ | 30,644
Total Liabilities | $ | 382,803 | $ | (671) | $ | 382,132
Retained Earnings | $ | 546,368 | $ | (1,725) | $ | 544,643
Minority Interest | $ | 133,408 | $ | (1,328) | $ | 132,080
Total Equity | $ | 814,015 | $ | (3,053) | $ | 810,962
Total Liabilities and Equity | $ | 1,196,818 | $ | (3,724) | $ | 1,193,094
Statement of Operations - Three months ended March 31, 2018
|  | Reported |  | Change |  | Under previous guidance
Wireless Revenue | $ | 50,548 | $ | (133) | $ | 50,415
Total Revenue | $ | 104,475 | $ | (133) | $ | 104,342
Sales, marketing and customer service | $ | 8,562 | $ | 378 | $ | 8,940
Total Expenses | $ | 100,266 | $ | 378 | $ | 100,644
Income from operations | $ | 4,209 | $ | (511) | $ | 3,698
Income before taxes |  | 1,618 |  | (511) |  | 1,107
Income tax provision |  | 3,921 |  | (93) |  | 3,828
Net loss | $ | (2,303) | $ | (418) | $ | (2,721)
Net income attributable to non-controlling interests |  | (3,252) |  | 181 |  | (3,071)
Net loss attributable to ATN International, Inc. stockholders | $ | (5,555) | $ | (237) | $ | (5,792)
Statement of Comprehensive Loss- Three months ended March 31, 2018
|  | Reported |  | Change |  | Under previous guidance
Net Loss | $ | (2,303) | $ | (418) | $ | (2,721)
Other comprehensive loss, net of tax |  | (893) |  | — |  | (893)
Comprehensive loss |  | (3,196) |  | (418) |  | (3,614)
Less: Comprehensive income attributable to non-controlling interests |  | (3,252) |  | 181 |  | (3,071)
Comprehensive loss attributable to ATN International, Inc. | $ | (6,448) | $ | (237) | $ | (6,685)
Statement of Cash Flows - Three months ended March 31, 2018
|  | Reported |  | Change (1) |  | Under previous guidance
Net income (loss) | $ | (2,303) | $ | (418) | $ | (2,721)
Materials and supplies, prepayments and other current assets | $ | 3,991 | $ | 350 | $ | 4,341
Accrued taxes |  | 3,292 |  | (93) |  | 3,199
Accounts payable and accrued liabilities, advance payments and deposits and other current liabilities |  | (2,306) |  | (46) |  | (2,352)
Other assets | $ | (581) | $ | 207 | $ | (374)
| (1) |  | The adoption of ASC 606 had no impact on operating cash flows, investing cash flows, financing cash flows and net change in total cash.

X
- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=82913847&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_RevenueInitialApplicationPeriodCumulativeEffectTransitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794 Reference 2: 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=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794 Reference 6: 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=68064558&loc=d3e725-108305 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201409Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |