QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2011

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

15. QUARTERLY FINANCIAL DATA (UNAUDITED)

        Following is a summary of the Company's quarterly results of operations for the years ended December 31, 2010 and 2011 (in thousands):

	2010 Consolidated for the Three Months Ended
	March 31			June 30			September 30			December 31
Total revenue	$	55,096		$	164,424		$	204,960		$	194,665
Operating expenses		47,673			156,650			191,134			185,404
Income from operations		7,423			7,774			13,826			9,261
Other income (expense), net		(1,108	)		25,237			(2,742	)		(2,482	)
Income before income taxes		6,315			33,011			11,084			6,779
Income taxes		2,456			7,969			5,022			4,160
Net income		3,859			25,042			6,062			2,619
Net (income) loss attributable to non-controlling interests, net of tax		147			(238	)		303			660
Net income attributable to Atlantic Tele-Network, Inc. stockholders	$	4,006		$	24,804		$	6,365		$	3,279
Earnings per share (basic)	$	0.27		$	1.62		$	0.41		$	0.21
Earnings per share (diluted)	$	0.26		$	1.60		$	0.41		$	0.21

	2011 Consolidated for the Three Months Ended
	March 31			June 30			September 30			December 31
Total revenue	$	188,154		$	193,753		$	194,346		$	182,943
Operating expenses		177,765			187,476			166,700			172,004
Income from operations		10,389			6,277			27,646			10,939
Other income (expense), net		(2,579	)		(3,907	)		(3,237	)		(3,062	)
Income before income taxes		7,810			2,370			24,409			7,877
Income taxes		3,830			1,052			11,193			4,494
Net income		3,980			1,318			13,216			3,383
Net (income) loss attributable to non-controlling interests, net of tax		517			497			(1,880	)		763
Net income attributable to Atlantic Tele-Network, Inc. stockholders	$	4,497		$	1,815		$	11,336		$	4,146
Earnings per share (basic)	$	0.29		$	0.12		$	0.74		$	0.27
Earnings per share (diluted)	$	0.29		$	0.12		$	0.73		$	0.27