STOCKHOLDER'S EQUITY (Tables)

3 Months Ended

Mar. 31, 2013

STOCKHOLDERS' EQUITY

Schedule of stockholder's equity

Stockholders’ equity was as follows (in thousands):

	Three Months Ended March 31,
	2012									2013
	Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity			Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity
Equity, beginning of period	$	294,266		$	58,264		$	352,530		$	334,146		$	60,094		$	394,240
Stock-based compensation	1,095			—			1,095			844			—			844
Comprehensive income:
Net income	9,321			(384		)	8,937			8,776			1,142			9,918
Other comprehensive income-Gain on interest rate swap (net of tax)	236			—			236			641			—			641
Total comprehensive income(loss)	9,557			(384		)	9,173			9,417			1,142			10,559
Issuance of common stock upon exercise of stock options	103			—			103			2,667			—			2,667
Dividends declared on common stock	(3,552		)	—			(3,552		)	(3,933		)	—			(3,933		)
Distributions to non-controlling interests	—			(424		)	(424		)	—			(1,469		)	(1,469		)
Investments made by minority shareholders	—			450			450			—			60			60
Purchase of treasury stock	(170		)	—			(170		)	(3,272		)	—			(3,272		)
Equity, end of period	$	301,299		$	57,906		$	359,205		$	339,869		$	59,827		$	399,696

Schedule of changes in accumulated other comprehensive loss, by component

Changes in accumulated other comprehensive loss, by component, were as follows (in thousands):

	Interest Rate Swap Agreements			Projected Pension Benefit Obligation			Translation Adjustment			Total
Balance at December 31, 2012	$	(6,959	)	$	(1,318	)	$	(20	)	$	(8,297	)
Other comprehensive income before reclassifications, net of taxes of $0.4 million (1)	641			—			—			641
Balance at March 31, 2013	$	(6,318	)	$	(1,318	)	$	(20	)	$	(7,656	)

(1) Includes a reclassification to interest expense of $34, net of taxes.