XML 49 R32.htm IDEA: XBRL DOCUMENT v3.25.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of changes in accumulated other comprehensive income (loss), by component

Changes in accumulated other comprehensive income (loss), by component, were as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Projected

​

​

​

​

​

​

​

​

​

Pension and

​

​

​

​

​

​

​

​

​

​

​

​

Postretirement Benefit

​

Translation

​

​

​

​

​

​

​

Obligations

Adjustment

Other

Total

Balance at December 31, 2021

​

$

4,444

​

$

308

​

$

21

​

$

4,773

​

Unrecognized actuarial gain, net of tax of $(0.2) million

​

2,428

​

​

—

​

​

—

​

​

2,428

​

Pension settlement, net of tax of $(0.8) million

​

915

​

​

—

​

​

—

​

​

915

​

Reclassification of foreign currency losses on investments sold, net of tax of $0.2 million

​

​

—

​

​

(500)

​

​

—

​

​

(500)

​

Foreign currency translation adjustment

​

​

—

​

​

(1,385)

​

​

—

​

​

(1,385)

​

Interest rate swap

​

​

—

​

​

—

​

​

(21)

​

​

(21)

​

Balance at December 31, 2022

​

​

7,787

​

​

(1,577)

​

​

—

​

​

6,210

​

Unrecognized actuarial gain, net of tax of $0

​

​

2,035

​

​

—

​

​

—

​

​

2,035

​

Pension settlement, net of tax of $(0.2) million

​

​

195

​

​

—

​

​

—

​

​

195

​

Reclassification of foreign currency losses on investments, net of tax of $0

​

​

—

​

​

1,348

​

​

—

​

​

1,348

​

Foreign currency translation adjustment

​

​

—

​

​

229

​

​

—

​

​

229

​

Interest rate swap, net of tax of $0.6 million

​

​

—

​

​

—

​

​

(1,749)

​

​

(1,749)

​

Balance at December 31, 2023

​

​

10,017

​

​

—

​

​

(1,749)

​

​

8,268

​

Unrecognized actuarial gain, net of tax of $(0.1) million

​

​

1,637

​

​

—

​

​

—

​

​

1,637

​

Interest rate swap, net of tax of $(0.5) million

​

​

—

​

​

—

​

​

872

​

​

872

​

Balance at December 31, 2024

​

$

11,654

​

$

—

​

$

(877)

​

$

10,777

​

Schedule of restructuring expenses

​

​	​	​	​	​	​	​	​	​	​
​	​	​	US	​	​	International	​	​	​
​	​	​	Telecom	​	​	Telecom	​	​	Total
Employee termination benefits	​	$	1,960	​	$	4,681	​	$	6,641
Contract termination costs	​	​	5,777	​	​	—	​	​	5,777
Total	​	$	7,737	​	$	4,681	​	$	12,418

Schedule of assets and liabilities of the Company measured at fair value on a recurring basis

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2024

​

​

Significant Other

​

​

Quoted Prices in

​

Observable

​

Unobservable

​

​

​

​

​

Active Markets

​

Inputs

​

Inputs

​

​

​

Description

​

(Level 1)

​

(Level 2)

​

(Level 3)

​

Total

Short term investments

​

$

300

​

$

—

​

$

—

​

$

300

Employee benefit plan investments

​

​

2,768

​

​

—

​

​

—

​

​

2,768

Interest rate swap

​

​

—

​

​

(723)

​

​

—

​

​

(723)

Warrants on Alaska Communications redeemable common units

​

​

—

​

​

—

​

​

(249)

​

​

(249)

Total assets and liabilities measured at fair value

​

$

3,068

​

$

(723)

​

$

(249)

​

$

2,096

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2023

​

Significant Other

​

​

Quoted Prices in

​

Observable

​

Unobservable

​

​

​

​

​

Active Markets

​

Inputs

​

Inputs

​

​

​

Description

​

(Level 1)

​

(Level 2)

​

(Level 3)

​

Total

Short term investments

​

$

300

​

$

—

​

$

—

​

$

300

Other investments

​

​

—

​

​

—

​

​

1,197

​

​

1,197

Employee benefit plan investments

​

​

3,014

​

​

—

​

​

—

​

​

3,014

Interest rate swap

​

​

—

​

​

(1,750)

​

​

—

​

​

(1,750)

Alaska Communications redeemable common units

​

​

—

​

​

—

​

​

(11,063)

​

​

(11,063)

Alloy redeemable common units (1)

​

​

—

​

​

—

​

​

(14,760)

​

​

(14,760)

Warrants on Alaska Communications redeemable common units

​

​

—

​

​

—

​

​

(249)

​

​

(249)

Total assets and liabilities measured at fair value

​

$

3,314

​

$

(1,750)

​

$

(24,875)

​

$

(23,311)

(1) Represents redeemable common units in Alloy, Inc. (“Alloy”), the parent company of the Company’s operations in the western United States.

Schedule of investments

​

​	​	​	​	​	​	​	​	​	​	​	​
​	Investments Without a Readily Determinable Fair Value		​	Fair Value Investments		​	Equity Investments		​	Total
Balance, December 31, 2021	$	17,820	​	$	1,925	​	$	28,699	​	$	48,444
Sale of Investments (1)	​	—	​	​	—	​	​	(13,212)	​	​	(13,212)
Income (Loss) recognized	​	—	​	​	435	​	​	(2,234)	​	​	(1,799)
Contributions / (distributions)	​	—	​	​	(744)	​	​	2,750	​	​	2,006
Foreign currency loss	​	—	​	​	—	​	​	(2,040)	​	​	(2,040)
Gain recognized	​	4,770	​	​	—	​	​	—	​	​	4,770
Balance, December 31, 2022	$	22,590	​	$	1,616	​	$	13,963	​	$	38,169
Income recognized	​	2,431	​	​	316	​	​	93	​	​	2,840
Contributions / (distributions)	​	425	​	​	(735)	​	​	630	​	​	320
Foreign currency loss	​	—	​	​	—	​	​	1,578	​	​	1,578
Transfers	​	16,264	​	​	—	​	​	(16,264)	​	​	—
Balance, December 31, 2023	$	41,710	​	$	1,197	​	$	—	​	$	42,907
Sale of Investments	​	—	​	​	(790)	​	​	—	​	​	(790)
Income recognized	​	246	​	​	195	​	​	—	​	​	441
Distributions	​	—	​	​	(602)	​	​	—	​	​	(602)
Balance, December 31, 2024	$	41,956	​	$	—	​	$	—	​	$	41,956

(1) During 2022, the Company sold an investment previously accounted for using the equity method for $15.7 million of cash. The investment had a book value of $13.2 and the Company recognized a gain of $2.5 million on the transaction.

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):

​	​	​	​	​	​	​	​	​
​	Year ended December 31,
​	2024		​	2023		​	2022
Numerator:	​	​	​	​	​	​	​	​
Net loss attributable to ATN International, Inc. stockholders- Basic	​	(26,429)	​	​	(14,538)	​	​	(5,645)
Less: Preferred dividends	​	(5,610)	​	​	(4,942)	​	​	(4,856)
Net loss attributable to ATN International, Inc. common stockholders- Diluted	$	(32,039)	​	$	(19,480)	​	$	(10,501)
​	​	​	​	​	​	​	​	​
Denominator:	​	​	​	​	​	​	​	​
Weighted-average shares outstanding- Basic	​	15,229	​	​	15,595	​	​	15,751
Weighted-average shares outstanding- Diluted	​	15,229	​	​	15,595	​	​	15,751

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

​

​	​	​	​	​	​	​	​	​
​	Redeemable Preferred Units		​	Redeemable Common Units		​	Total Redeemable Noncontrolling Interests
Balance, December 31, 2023	$	60,094	​	$	25,823	​	$	85,917
Accrued preferred dividend	​	5,610	​	​	—	​	​	5,610
Allocated net loss	​	—	​	​	(17,674)	​	​	(17,674)
Change in fair value	​	—	​	​	2,450	​	​	2,450
Balance, December 31, 2024	$	65,704	​	$	10,599	​	$	76,303

​

​

​	​	​	​	​	​	​	​	​
​	Redeemable Preferred Units		​	Redeemable Common Units		​	Total Redeemable Noncontrolling Interests
Balance, December 31, 2022	$	55,152	​	$	37,317	​	$	92,469
Accrued preferred dividend	​	4,942	​	​	—	​	​	4,942
Allocated net loss	​	—	​	​	(10,972)	​	​	(10,972)
Change in fair value	​	—	​	​	(522)	​	​	(522)
Balance, December 31, 2023	$	60,094	​	$	25,823	​	$	85,917

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of investment.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/320/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 321
-Publisher FASB
-URI https://asc.fasb.org/321/tableOfContent

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 325
-Publisher FASB
-URI https://asc.fasb.org/325/tableOfContent

+ Details

Name:	us-gaap_InvestmentTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

+ Details

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

+ Details

Name:	us-gaap_TemporaryEquityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration