9. EQUITY

Stockholders’ equity was as follows (in thousands):


	Nine months ended September 30,
	2017						2016
	ATN		Non-Controlling				ATN		Non-Controlling		Total
	International, Inc.		Interests		Total Equity		International, Inc.		Interests		Equity
Equity, beginning of period	$	677,055	$	132,114	$	809,169	$	680,299	$	81,425	$	761,724
Stock-based compensation		5,415		—		5,415		5,034		—		5,034
Comprehensive income:		0		0						0
Net income		(12,016)		13,535		1,519		10,206		10,400		20,606
Projected pension benefit obligation		513		—		513		—		—		—
Unrealized loss on securities		(65)		—		(65)		—		—		—
Reclassifications of gains on sale of marketable securities to net income		(1,044)		—		(1,044)		—		—		—
Foreign Currency translation adjustment		921		—		921		(200)		—		(200)
Total comprehensive income		(11,691)		13,535		1,844		10,006		10,400		20,406
Issuance of common stock upon exercise of stock options		1,057		—		1,057		1,371		—		1,371
Dividends declared on common stock		(13,680)		—		(13,680)		(15,838)		—		(15,838)
Distributions to non-controlling interests		—		(3,761)		(3,761)		—		(7,828)		(7,828)
Investments made by non-controlling interests		—		123		123		—		22,409 (1)		22,409
Acquisition of One Communications		—		—		—		—		32,717		32,717
Acquisition of Viya		—		—		—		—		221		221
Acquisition from non-controlling interests		—		—		—		(306)		(270)		(576)
Loss on deconsolidation of subsidiary		—		529		529		—		—		—
Change in accounting method- adoption of ASC 2016-09		110		—		110		—		—		—
Repurchase of non-controlling interests		(670)		(434)		(1,104)		(4,105)		(2,940)		(7,045)
Purchase of treasury stock		(12,968)		—		(12,968)		(4,755)		—		(4,755)
Equity, end of period	$	644,628	$	142,106	$	786,734	$	671,706	$	136,134	$	807,840

(1)

During the nine months ended September 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.