ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2016

Acquisitions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values

The Vibrant Energy Acquisition was accounted for as a business combination in accordance with ASC 805, Business Combinations (“ASC 805”).  The total purchase consideration of $6.2 million cash was allocated to the assets acquired and liabilities assumed at their estimated fair values as of the date of the acquisition.  The table below represents the preliminary allocation of the consideration transferred to the net assets of Vibrant Energy based on their acquisition date fair values (in thousands):

Consideration Transferred	$ 6,193
Preliminary Purchase price allocation:
Cash	$ 136
Prepayments and other assets	636
Property, plant and equipment	7,321
Accounts payable and accrued liabilities	(5,179)
Goodwill	3,279
Net assets acquired	6,193

Schedule of pro forma results of operations

Amounts are presented in thousands, except per share data:

		Three months ended				Three months ended				Six months ended				Six months ended
		June 30, 2016				June 30, 2015				June 30, 2016				June 30, 2015
		As		As		As		As		As		As		As		As
		Reported		Adjusted		Reported		Adjusted		Reported		Adjusted		Reported		Adjusted
Revenue	$	99,991	$	107,006	$	90,326	$	112,181	$	189,676	$	231,757	$	175,670	$	218,510
Net Income attributable to ATN International, Inc. Stockholders		(3,086)		(1,157)		9,450		9,746		3,034		9,935		6,181		25,673
Earnings per share:
Basic		(0.19)		(0.07)		0.59		0.61		0.19		0.62		0.38		1.61
Diluted		(0.19)		(0.07)		0.59		0.60		0.19		0.61		0.38		1.59

KeyTech and BDC

Acquisitions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values

Consideration Transferred
Cash consideration - KeyTech	$ 34,518
Cash consideration - BDC	7,045
Total consideration transferred	41,563
Non-controlling interests - KeyTech	32,909
Total value to allocate	$ 74,472
Value to allocate KeyTech	67,427
Value to allocate - BDC	7,045
Preliminary Purchase price allocation KeyTech:
Cash	8,185
Accounts receivable	6,451
Other current assets	3,241
Property, plant and equipment	100,892
Identifiable intangible assets	10,590
Other long term assets	3,464
Accounts payable and accrued liabilities	(16,051)
Advance payments and deposits	(6,683)
Current debt	(6,429)
Long term debt	(28,929)
Net assets acquired	74,731
Gain on KeyTech bargain purchase	$ 7,304
Purchase price allocation BDC:
Carrying value of BDC non-controlling interest acquired	2,940
Excess of purchase price paid over carrying value of non-controlling interest acquired	$ 4,105