18. QUARTERLY FINANCIAL DATA (UNAUDITED)

Following is a summary of the Company’s quarterly results of operations for the years ended December 31, 2014 and 2015 (in thousands):


	2014 Consolidated for the Three Months Ended
	March 31		June 30		September 30		December 31
Total revenue	$	75,174	$	83,269	$	89,393	$	88,511
Operating expenses		58,926		61,662		61,235		68,948
Income from operations		16,248		21,607		28,158		19,563
Other income (expense), net		(295)		53		325		509
Income from continuing operations before income taxes		15,953		21,660		28,483		20,072
Income taxes		5,552		7,338		9,569		5,689
Income from continuing operations		10,401		14,322		18,914		14,383
Income from discontinued operations:
Income (loss) from discontinued operations, net of tax		—		—		—		—
Gain on sale of discontinued operations, net of tax		—		—		—		1,102
Income from discontinued operations, net of tax		—		—		—		1,102
Net income		10,401		14,322		18,914		15,485
Net income attributable to non-controlling interests, net of tax:
Continuing operations		(2,560)		(2,809)		(2,747)		(2,854)
Discontinued operations		—		—		—		—
Disposal of discontinued operations		—		—		—		—
		(2,560)		(2,809)		(2,747)		(2,854)
Net income attributable to Atlantic Tele-Network, Inc. stockholders		7,841		11,513		16,167		12,631
Net income per weighted average basic share attributable to Atlantic Tele-Network, Inc. stockholders
Continuing operations		0.50		0.72		1.02		0.72
Discontinued operations:
Discontinued operations		—		—		—		—
Gain on sale of discontinued operations		—		—		—		0.07
Total discontinued operations		—		—		—		0.07
Total		0.50		0.72		1.02		0.79
Net income per weighted average diluted share attributable to Atlantic Tele-Network, Inc. stockholders
Continuing operations		0.49		0.72		1.01		0.72
Discontinued operations:
Discontinued operations		—		—		—
Gain on Sale of discontinued operations		—		—		—		0.07
Total discontinued operations		—		—		—		0.07
Total		0.49		0.72		1.01		0.79


	2015 Consolidated for the Three Months Ended
	March 31		June 30		September 30		December 31
Total revenue	$	85,345	$	90,326	$	96,782	$	82,916
Operating expenses		66,187		61,594		74,258		74,735
Income from operations		19,158		28,732		22,524		8,181
Other income (expense), net		(20,528)		(706)		(742)		(418)
Income (Loss)from continuing operations before income taxes		(1,370)		28,026		21,782		7,763
Income taxes		(487)		13,008		10,134		1,482
Income (Loss) from continuing operations		(883)		15,018		11,648		6,281
Income from discontinued operations:
Gain on sale of discontinued operations, net of tax		389		—		—		702
Income from discontinued operations, net of tax		390		—		—		702
Net income		(493)		15,018		11,648		6,983
Net income attributable to non-controlling interests, net of tax:
Continuing operations		(2,777)		(5,568)		(5,072)		(2,799)
Discontinued operations		—		—		—		—
Disposal of discontinued operations		—		—		—		—
		(3,270)		9,450		6,576		4,184
Net income attributable to Atlantic Tele-Network, Inc. stockholders
Net income per weighted average basic share attributable to Atlantic Tele-Network, Inc. stockholders
Continuing operations		(0.18)		0.59		0.41		0.17
Discontinued operations:
Discontinued operations		0.07		—		—		—
Gain on sale of discontinued operations		—		—		—		—
Total discontinued operations		0.07		—		—		—
Total		(0.11)		0.59		0.41		0.17
Net income per weighted average diluted share attributable to Atlantic Tele-Network, Inc. stockholders
Continuing operations		(0.18)		0.59		0.41		0.16
Discontinued operations:
Discontinued operations		0.07		—		—		—
Gain on Sale of discontinued operations		—		—		—		—
Total discontinued operations		0.07		—		—		—
Total		(0.11)		0.59		0.41		0.16

During the year ended December 31, 2014, the Company recognized approximately $0.8 million in general and administrative expenses to correct for an understatement of transactional tax liabilities generated primarily in the three months ended March 31, 2014 and $1.1 million in other income to correct for an understatement of foreign exchange gains generated in period during 2013.

During the three months ended December 31, 2015, the Company recognized an approximate $0.7million benefit to correct for tax basis differences and expense recognition related to prior periods. Of these errors, $0.7 million primarily related to the three months ended September 30, 2015 and $0.1 million related to the year ended December 31, 2014. The Company determined that the impact of the correction of these errors was not material to the current or any prior period financial statements.