XML 12 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED INCOME STATEMENTS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUE:        
Total revenue $ 193,753 $ 164,689 $ 381,908 $ 219,520
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):        
Termination and access fees 54,757 44,590 106,662 55,812
Engineering and operations 21,897 17,893 43,802 24,337
Sales and marketing 36,400 23,804 68,508 27,198
Equipment expense 17,964 17,585 39,156 18,298
General and administrative 30,773 23,460 56,386 34,234
Acquisition- related charges 316 11,041 567 15,834
Depreciation and amortization 25,369 18,542 50,160 28,611
Total operating expenses 187,476 156,915 365,241 204,324
Income from operations 6,277 7,774 16,667 15,196
OTHER INCOME (EXPENSE):        
Interest expense (4,260) (2,387) (8,072) (3,654)
Interest income 110 84 230 238
Gain on bargain purchase, net of taxes of $18,016 for the three and six months ended June 30, 2010   27,024   27,024
Equity in earnings of an unconsolidated affiliate 239 290 755 290
Other income, net 4 226 599 230
Other income (expense), net (3,907) 25,237 (6,488) 24,128
INCOME BEFORE INCOME TAXES 2,370 33,011 10,179 39,324
Income tax expense 1,052 7,969 4,882 10,425
NET INCOME 1,318 25,042 5,297 28,899
Net loss attributable to non-controlling interests, net of tax of $0.6 million and $0.4 million for the three months ended June 30, 2010 and 2011, respectively, and $1.2 million and $0.8 million for the six months ended June 30, 2010 and 2011, respectively. 497 (238) 1,015 (90)
NET INCOME ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS 1,815 24,804 6,312 28,809
NET INCOME PER WEIGHTED AVERAGE SHARE ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS        
Basic (in dollars per share) $ 0.12 $ 1.62 $ 0.41 $ 1.89
Diluted (in dollars per share) $ 0.12 $ 1.60 $ 0.41 $ 1.86
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 15,394 15,300 15,389 15,280
Diluted (in shares) 15,497 15,478 15,491 15,463
DIVIDENDS PER SHARE APPLICABLE TO COMMON STOCK (in dollars per share) $ 0.22 $ 0.20 $ 0.44 $ 0.40
U.S. Wireless, Retail
       
REVENUE:        
Total revenue 95,410 81,503 195,079 81,503
U.S. Wireless, Wholesale
       
REVENUE:        
Total revenue 51,870 39,550 96,567 62,486
International Wireless
       
REVENUE:        
Total revenue 18,714 12,575 33,657 23,492
Wireline
       
REVENUE:        
Total revenue 20,886 23,230 41,557 43,751
Equipment and Other
       
REVENUE:        
Total revenue $ 6,873 $ 7,831 $ 15,048 $ 8,288