EQUITY

6 Months Ended

Jun. 30, 2016

EQUITY

EQUITY

10. EQUITY

Stockholders’ equity was as follows (in thousands):

	Six months ended June 30,
	2016						2015
	ATN		Non-Controlling				ATN		Non-Controlling		Total
	International, Inc.		Interests		Total Equity		International, Inc.		Interests		Equity
Equity, beginning of period	$	680,299	$	81,425	$	761,724	$	677,222	$	60,960	$	738,182
Stock-based compensation		3,626		—		3,626		2,677		—		2,677
Comprehensive income:		0		0				0		0
Net income		3,034		5,877		8,911		6,181		8,345		14,526
Translation adjustment		(36)		—		(36)		28		—		28
Total comprehensive income		2,998		5,877		8,875		6,209		8,345		14,554
Issuance of common stock upon exercise of stock options		585		—		585		2,074		—		2,074
Dividends declared on common stock		(10,330)		—		(10,330)		(9,306)		—		(9,306)
Distributions to non-controlling interests		—		(4,404)		(4,404)		—		(9,261)		(9,261)
Investments made by non-controlling interests		—		21,904 (1)		21,904		—		905		905
Acquisition of KeyTech		—		32,903		32,903		—		—		—
Sale of non-controlling interests		—		—		—		—		20,013		20,013
Purchase of non-controlling interests		(4,105)		(2,940)		(7,045)		—		—		—
Purchase of treasury stock		(2,407)		—		(2,407)		(1,955)		—		(1,955)
Equity, end of period	$	670,666	$	134,765	$	805,431	$	676,921	$	80,962	$	757,883

(1) During the six months ended June 30, 2016, the holder of a non-controlling interest in one of ATN’s U.S. Telecom subsidiaries contributed $21.7 million of cash to the subsidiary.  ATN maintained a controlling interest in the subsidiary both before and after the contribution.