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EARNINGS PER SHARE AND REDEEMABLE NONCONTROLLING INTERESTS (Tables)

3 Months Ended

Mar. 31, 2024

EARNINGS PER SHARE AND REDEEMABLE NONCONTROLLING INTERESTS

Schedule of computation of basic and diluted earnings per share

The following table reconciles the numerator and denominator in the computations of basic and diluted earnings per share (in thousands):

​	​	​	​	​	​
​	Three months ended March 31,
​	2024		​	2023
Numerator:	​	​	​	​	​
Net loss attributable to ATN International, Inc. stockholders- Basic	​	(6,315)	​	​	(5,885)
Less: Preferred dividends	​	(1,348)	​	​	(1,045)
Net Loss attributable to ATN International, Inc. common stockholders- Diluted	$	(7,663)	​	$	(6,930)
​	​	​	​	​	​
Denominator:	​	​	​	​	​
Weighted-average shares outstanding- Basic	​	15,437	​	​	15,768
Weighted-average shares outstanding- Diluted	​	15,437	​	​	15,768

Schedule of rollforward activity related to the Company's redeemable noncontrolling interests

The following table provides a roll forward of the activity related to the Company’s redeemable noncontrolling interests for the three months ended March 31, 2024 and 2023 (in thousands):

​

​	​	​	​	​	​	​	​	​
​	Redeemable Preferred Units		​	Redeemable Common Units		​	Total Redeemable Noncontrolling Interests
Balance, December 31, 2023	$	60,094	​	$	25,823	​	$	85,917
Accrued preferred dividend	​	1,348	​	​	—	​	​	1,348
Allocated net loss	​	—	​	​	(3,512)	​	​	(3,512)
Change in fair value	​	—	​	​	868	​	​	868
Balance, March 31, 2024	$	61,442	​	$	23,179	​	$	84,621

​

​

​	​	​	​	​	​	​	​	​
​	Redeemable Preferred Units		​	Redeemable Common Units		​	Total Redeemable Noncontrolling Interests
Balance, December 31, 2022	$	55,152	​	$	37,317	​	$	92,469
Accrued preferred dividend	​	1,045	​	​	—	​	​	1,045
Allocated net loss	​	—	​	​	(2,821)	​	​	(2,821)
Change in fair value	​	—	​	​	2,530	​	​	2,530
Balance, March 31, 2023	$	56,197	​	$	37,026	​	$	93,223

​

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
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Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References

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-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-Publisher FASB
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