XML 35 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUE:        
Total revenue $ 90,326 $ 83,269 $ 175,670 $ 158,443
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):        
Termination and access fees 19,852 19,713 39,484 38,843
Engineering and operations 7,668 6,922 15,586 13,980
Sales and marketing 5,064 5,293 10,518 10,672
Equipment expense 2,833 3,273 6,661 5,988
General and administrative 14,391 13,185 28,813 25,828
Transaction-related charges 137 346 316 367
Depreciation and amortization 14,472 12,930 29,223 24,910
Gain on disposition of long-lived assets (2,823)   (2,823)  
Total operating expenses 61,594 61,662 127,778 120,588
Income from operations 28,732 21,607 47,892 37,855
OTHER INCOME (EXPENSE):        
Interest expense, net (742) (20) (1,359) (207)
Loss on deconsolidation of subsidiary (Note 5)     (19,937)  
Other income (expense), net 36 73 61 (36)
Other income (expense), net (706) 53 (21,235) (243)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 28,026 21,660 26,657 37,612
Income taxes 13,008 7,338 12,521 12,890
INCOME (LOSS) FROM CONTINUING OPERATIONS 15,018 14,322 14,136 24,722
Income from discontinued operations, net of tax     390  
NET INCOME (LOSS) 15,018 14,322 14,526 24,722
Net loss attributable to non-controlling interests, net of tax:        
Net income attributable to non-controlling interests, net of tax (5,568) (2,809) (8,345) (5,368)
NET INCOME (LOSS) ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS $ 9,450 $ 11,513 $ 6,181 $ 19,354
NET INCOME PER WEIGHTED AVERAGE BASIC SHARE ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS:        
Continuing operations (in dollars per share) $ 0.59 $ 0.72 $ 0.36 $ 1.22
Discontinued operations (in dollars per share)     0.02  
Total (in dollars per share) 0.59 0.72 0.38 1.22
NET INCOME PER WEIGHTED AVERAGE DILUTED SHARE ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS:        
Continued operations (in dollars per share) 0.59 0.72 0.36 1.21
Discontinued operations (in dollars per share)     0.02  
Total (in dollars per share) $ 0.59 $ 0.72 $ 0.38 $ 1.21
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 16,038 15,915 15,988 15,873
Diluted (in shares) 16,150 16,023 16,109 15,986
DIVIDENDS PER SHARE APPLICABLE TO COMMON STOCK (in dollars per share) $ 0.29 $ 0.27 $ 0.58 $ 0.54
U.S. Wireless        
REVENUE:        
Total revenue $ 40,103 $ 37,456 $ 75,946 $ 65,848
International wireless        
REVENUE:        
Total revenue 20,223 22,422 41,395 45,570
Wireline        
REVENUE:        
Total revenue 22,089 21,283 42,681 42,813
Renewable energy        
REVENUE:        
Total revenue 5,290   10,579  
Equipment and other        
REVENUE:        
Total revenue $ 2,621 $ 2,108 $ 5,069 $ 4,212