RECONCILIATION OF TOTAL EQUITY

6 Months Ended

Jun. 30, 2012

RECONCILIATION OF TOTAL EQUITY

RECONCILIATION OF TOTAL EQUITY

8.  RECONCILIATION OF TOTAL EQUITY

Total equity was as follows (in thousands):

	Six Months Ended June 30,
	2011									2012
	Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity			Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity
Equity, beginning of period	$	283,768		$	45,268		$	329,036		$	294,266		$	58,264		$	352,530
Stock-based compensation	1,890			—			1,890			1,908			—			1,908
Comprehensive income:
Net income	6,312			(1,015		)	5,297			19,851			853			20,704
Other comprehensive income(loss)-
Translation Adjustment	13			—			13			—			—			—
Gain (loss) on interest rate swap (net of tax)	(583		)	—			(583		)	149			—			149
Total comprehensive income	5,742			(1,015		)	4,727			20,000			853			20,853
Issuance of common stock upon exercise of stock options	52			—			52			946			—			946
Dividends declared on common stock	(6,775		)	(1,607		)	(8,382		)	(7,119		)	—			(7,119		)
Distributions to non-controlling interests	—			—			—			—			(929		)	(929		)
Investments made by minority shareholders	—			3,507			3,507			—			805			805
Repurchase of non-controlling interests	—			—			—			—			(80		)	(80		)
Change in equity ownership of consolidated subsidiaries	3,475			11,923			15,398			—			—			—
Purchase of common shares	(91		)	—			(91		)	(184		)	—			(184		)
Equity, end of period	$	288,061		$	58,076		$	346,137		$	309,817		$	58,913		$	368,730