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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE:    
Total revenue $ 186,794 $ 185,774
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):    
Selling, general and administrative 61,315 61,348
Stock-based compensation 1,909 1,778
Transaction-related charges 19 13
Restructuring expenses 1,190 2,887
Depreciation and amortization 34,340 36,404
Amortization of intangibles from acquisitions 1,980 3,247
Gain on disposition of assets (493) (167)
Total operating expenses 182,220 185,138
Income from operations 4,574 636
OTHER INCOME (EXPENSE)    
Interest income 445 182
Interest expense (11,520) (8,807)
Other income 172 194
Other (expense) (10,903) (8,431)
LOSS BEFORE INCOME TAXES (6,329) (7,795)
Income tax expense (benefit) 1,619 (740)
NET LOSS (7,948) (7,055)
Net loss attributable to noncontrolling interests, net of tax (benefit) expense of $0.3 million and $(0.6) million respectively 1,633 1,170
NET LOSS ATTRIBUTABLE TO ATN INTERNATIONAL, INC. STOCKHOLDERS $ (6,315) $ (5,885)
Basic (in dollars per share) $ (0.50) $ (0.44)
Diluted (in dollars per share) $ (0.50) $ (0.44)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic (in shares) 15,437 15,768
Diluted (in shares) 15,437 15,768
DIVIDENDS PER SHARE APPLICABLE TO COMMON STOCK $ 0.24 $ 0.21
Communication services    
REVENUE:    
Total revenue $ 181,268 $ 181,308
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):    
Cost of services 80,390 79,040
Construction    
REVENUE:    
Total revenue 1,586 590
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):    
Cost of services 1,570 588
Other    
REVENUE:    
Total revenue $ 3,940 $ 3,876