EQUITY

3 Months Ended

Mar. 31, 2016

EQUITY

EQUITY

9. EQUITY

Stockholders’ equity was as follows (in thousands):

	Three months ended  March 31,
	2016						2015
	Atlantic Tele-		Non-Controlling				Atlantic Tele-		Non-Controlling		Total
	Network, Inc.		Interests		Total Equity		Network, Inc.		Interests		Equity
Equity, beginning of period	$	680,299	$	81,425	$	761,724	$	677,222	$	60,960	$	738,182
Stock-based compensation		1,728		—		1,728		1,224		—		1,224
Comprehensive income:		0		0				0		0
Net income (loss)		6,120		4,678		10,798		(3,269)		2,777		(492)
Translation adjustment		3		—		3		—		—		—
Total comprehensive income (loss)		6,123		4,678		10,801		(3,269)		2,777		(492)
Issuance of common stock upon exercise of stock options		582		—		582		651		—		651
Dividends declared on common stock		(5,166)		—		(5,166)		(4,646)		(3,066)		(7,712)
Distributions to non-controlling interests		—		(3,090)		(3,090)		—		20,013		20,013
Purchase of treasury stock		(2,348)		—		(2,348)		(1,884)		—		(1,884)
Equity, end of period	$	681,218	$	83,013	$	764,231	$	669,298	$	80,684	$	749,982