ACQUISITIONS AND DISPOSITIONS (Tables)

9 Months Ended

Sep. 30, 2017

Acquisitions and Dispositions

Schedule of pro forma results of operations

Amounts are presented in thousands, except per share data.

	Nine months ended September 30,
(unaudited)	2016
	As		Pro-
	Reported		Forma
Revenue	$	328,471	$	407,096
Net income attributable to ATN International, Inc. Stockholders		10,206		12,768
Earnings per share:
Basic		0.63		0.79
Diluted		0.63		0.79

Sovernet

Acquisitions and Dispositions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values

The table below identifies the assets and liabilities transferred (amounts in thousands):

Consideration Received	$	25,926
Assets and liabilities disposed
Cash		1,821
Accounts receivable		1,696
Inventory		639
Prepaid		1,034
Property, plant and equipment		25,294
Other assets		288
Accounts payable and accrued liabilities		(1,718)
Advance payments and deposits		(1,897)
Net assets disposed		27,157
Consideration less net assets disposed		(1,231)
Transaction costs		(1,156)
Loss	$	(2,387)

One Communications (formerly Keytech) and BDC

Acquisitions and Dispositions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values

Consideration Transferred
Cash consideration - One Communications	$	34,518
Cash consideration - BDC		7,045
Total consideration transferred		41,563
Non-controlling interests - One Communications		32,909
Total value to allocate	$	74,472
Value to allocate - One Communications		67,427
Value to allocate - BDC		7,045
Purchase price allocation One Communications:
Cash		8,185
Accounts receivable		6,451
Other current assets		3,241
Property, plant and equipment		100,892
Identifiable intangible assets		10,590
Other long term assets		3,464
Accounts payable and accrued liabilities		(16,051)
Advance payments and deposits		(6,683)
Current debt		(6,429)
Long term debt		(28,929)
Net assets acquired		74,731
Gain on One Communications bargain purchase	$	7,304
Purchase price allocation BDC:
Carrying value of BDC non-controlling interest acquired		2,940
Excess of purchase price paid over carrying value of non-controlling interest acquired	$	4,105

Viya (formerly Innovative)

Acquisitions and Dispositions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values

Consideration Transferred	$	111,860
Non-controlling interests		221
Total value to allocate		112,081
Purchase price allocation:
Cash		4,229
Accounts receivable		6,553
Materials & supplies		6,533
Other current assets		1,927
Property, plant and equipment		108,284
Telecommunication licenses		7,623
Goodwill		20,586
Intangible assets		7,800
Other assets		4,394
Accounts payable and accrued liabilities		(15,971)
Advance payments and deposits		(7,793)
Deferred tax liability		(2,935)
Pension and other postretirement benefit liabilities		(29,149)
Net assets acquired	$	112,081

Vibrant Energy

Acquisitions and Dispositions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values

The table below represents the allocation of the consideration transferred to the net assets of Vibrant Energy based on their acquisition date fair values (in thousands):

Consideration Transferred	$	6,193
Purchase price allocation:
Cash		136
Prepayments and other assets		636
Property, plant and equipment		7,321
Goodwill		3,279
Accounts payable and accrued liabilities		(5,179)
Net assets acquired	$	6,193