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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Atlantic Tele-Network, Inc.
Common Stock
Treasury Stock, at cost
Additional Paid In Capital
Retained Earnings
Accumulated Other Comprehensive Income/(Loss)
Non-Controlling Interests
Total
Equity, beginning of period at Dec. 31, 2012 $ 334,146 $ 160 $ (5,286) $ 123,253 $ 224,316 $ (8,297) $ 60,094 $ 394,240
Increase (Decrease) in Stockholders' Equity                
Issuance of 43,034, 303,536 and 62,575 shares of common stock upon exercise of stock options for the years ended December 31, 2014, 2013 and 2012, respectively 9,302 4   9,298       9,302
Purchase of treasury stock (8,103)   (8,103)         (8,103)
Stock-based compensation 4,454     4,454       4,454
Dividends declared on common stock (16,381)       (16,381)   (27,832) (44,213)
Excess tax benefits from share-based compensation 2,101     2,101       2,101
Non-controlling interest in equity acquired             407 407
Investments made by minority shareholders             (13,633) (13,633)
Comprehensive income:                
Net income 311,716       311,716   37,489 349,205
Other comprehensive income (loss), net of tax expense (benefit) of $641, $2,316, and $1,315 for the years ended December 31, 2014, 2013 and 2012, respectively 6,095         6,095   6,095
Total comprehensive income 317,811           37,489 355,300
Equity, end of period at Dec. 31, 2013 643,330 164 (13,389) 139,106 519,651 (2,202) 56,525 699,855
Increase (Decrease) in Stockholders' Equity                
Issuance of 43,034, 303,536 and 62,575 shares of common stock upon exercise of stock options for the years ended December 31, 2014, 2013 and 2012, respectively 1,623 2   1,621       1,623
Purchase of treasury stock (2,160)   (2,160)         (2,160)
Stock-based compensation 4,324     4,324       4,324
Dividends declared on common stock (17,840)       (17,840)   (16,331) (34,171)
Excess tax benefits from share-based compensation 513     512       513
Investments made by minority shareholders             9,796 9,796
Comprehensive income:                
Net income 48,152       48,152   10,970 59,122
Other comprehensive income (loss), net of tax expense (benefit) of $641, $2,316, and $1,315 for the years ended December 31, 2014, 2013 and 2012, respectively (720)         (719)   (720)
Total comprehensive income 47,432           10,970 58,402
Equity, end of period at Dec. 31, 2014 677,222 166 (15,549) 145,563 549,963 (2,921) 60,960 738,182
Increase (Decrease) in Stockholders' Equity                
Issuance of 109,318, 100,902 and 72,083 restricted shares of common stock for the years ended December 31, 2014, 2013 and 2012, respectively 1 1           1
Issuance of 43,034, 303,536 and 62,575 shares of common stock upon exercise of stock options for the years ended December 31, 2014, 2013 and 2012, respectively 2,809 1   2,808       2,809
Purchase of treasury stock (2,705)   (2,705)         (2,705)
Stock-based compensation 4,974     4,974       4,974
Dividends declared on common stock (19,582)       (19,582)   (16,715) (36,297)
Excess tax benefits from share-based compensation 1,423     1,423       1,423
Investments made by minority shareholders             951 951
Deconsolidation of subsidiary             20,013 20,013
Comprehensive income:                
Net income 16,940       16,940   16,216 33,156
Other comprehensive income (loss), net of tax expense (benefit) of $641, $2,316, and $1,315 for the years ended December 31, 2014, 2013 and 2012, respectively (783)         (783)   (783)
Total comprehensive income 16,157           16,216 32,373
Equity, end of period at Dec. 31, 2015 $ 680,299 $ 168 $ (18,254) $ 154,768 $ 547,321 $ (3,704) $ 81,425 $ 761,724