RECONCILIATION OF TOTAL EQUITY

6 Months Ended

Jun. 30, 2011

RECONCILIATION OF TOTAL EQUITY

RECONCILIATION OF TOTAL EQUITY

8.  RECONCILIATION OF TOTAL EQUITY

Total equity was as follows (in thousands):

	Six Months Ended June 30,
	2010									2011
	Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity			Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity
Equity, beginning of period	$	255,745		$	26,687		$	282,432		$	283,768		$	45,268		$	329,036
Stock based compensation	981			—			981			1,890			—			1,890
Comprehensive income:
Net income	28,809			90			28,899			6,312			(1,015		)	5,297
Other comprehensive income(loss)-
Translation Adjustment	—			—			—			13			—			13
Gain (loss) on interest rate swap (net of tax)	(1,900		)	—			(1,900		)	(583		)	—			(583		)
Total comprehensive income	26,909			90			26,999			5,742			(1,015		)	4,727
Issuance of common stock upon exercise of stock options	677			—			677			52			—			52
Dividends declared on common stock	(6,123		)	—			(6,123		)	(6,775		)	(1,607		)	(8,382		)
Non-controlling interests of acquired business	—			16,000			16,000			—			—			—
Distributions to non-controlling interests	—			(860		)	(860		)	—			—			—
Investments made by minority shareholders	—			225			225			—			3,507			3,507
Change in equity ownership of consolidated subsidiaries	—			—			—			3,475			11,923			15,398
Purchase of common shares	—			—			—			(91		)	—			(91		)
Equity, end of period	$	278,189		$	42,142		$	320,331		$	288,061		$	58,076		$	346,137