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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2014	Nov. 10, 2014
Document and Entity Information
Entity Registrant Name	ATLANTIC TELE NETWORK INC /DE
Entity Central Index Key	0000879585
Document Type	10-Q
Document Period End Date	Sep. 30, 2014
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		15,919,318
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2014	Dec. 31, 2013
Current Assets:
Cash and cash equivalents	$ 384,426	$ 356,607
Restricted cash	39,293	39,000
Accounts receivable, net of allowances of $9.7 million and $10.8 million, respectively	44,197	37,680
Materials and supplies	9,352	7,269
Deferred income taxes	2,504	1,994
Prepayments and other current assets	12,450	24,705
Assets of discontinued operations	175	4,748
Total current assets	492,397	472,003
Fixed Assets:
Property, plant and equipment	639,172	606,912
Less: accumulated depreciation	(385,664)	(352,280)
Net fixed assets	253,508	254,632
Telecommunication licenses	44,245	39,687
Goodwill	45,077	45,077
Trade name license	417	417
Customer relationships, net	1,572	1,807
Restricted cash		39,000
Other assets	6,215	7,096
Total assets	843,431	859,719
Current Liabilities:
Accounts payable and accrued liabilities	42,209	41,709
Dividends payable	4,628	4,279
Accrued taxes	3,331	36,081
Advance payments and deposits	7,945	8,327
Deferred income taxes	1,601	1,601
Other current liabilities	10,302	17,889
Liabilities of discontinued operations	2,002	11,187
Total current liabilities	72,018	121,073
Deferred income taxes	27,554	26,007
Other liabilities	18,940	12,784
Total liabilities	118,512	159,864
Commitments and contingencies (Note 12)
Atlantic Tele-Network, Inc. Stockholders' Equity:
Preferred stock, $0.01 par value per share; 10,000,000 shares authorized, none issued and outstanding
Common stock, $0.01 par value per share; 50,000,000 shares authorized; 16,494,982 and 16,631,797 shares issued, respectively, and 15,816,189 and 15,915,010 shares outstanding, respectively	165	164
Treasury stock, at cost; 678,793 shares and 716,787 shares, respectively	(15,239)	(13,389)
Additional paid-in capital	143,592	139,106
Retained earnings	541,950	519,651
Accumulated other comprehensive loss	(2,199)	(2,202)
Total Atlantic Tele-Network, Inc. stockholders' equity	668,269	643,330
Non-controlling interests	56,650	56,525
Total equity	724,919	699,855
Total liabilities and equity	$ 843,431	$ 859,719

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2014	Dec. 31, 2013
CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowances (in dollars)	$ 10.8	$ 9.7
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	16,631,797	16,494,982
Common stock, shares outstanding	15,915,010	15,816,189
Treasury stock, shares	716,787	678,793

CONSOLIDATED INCOME STATEMENTS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REVENUE:
Total revenue	$ 89,393	$ 79,350	$ 247,836	$ 215,807
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):
Termination and access fees	16,018	14,112	48,110	40,768
Engineering and operations	9,788	9,509	28,939	28,349
Sales and marketing	5,489	4,370	15,440	13,646
Equipment expense	2,912	2,549	8,897	8,050
General and administrative	14,213	13,827	42,343	38,856
Transaction-related charges	(27)	2,610	341	2,674
Depreciation and amortization	12,842	12,335	37,752	36,517
Gain on disposition of long-lived assets				(1,076)
Total operating expenses	61,235	59,312	181,822	167,784
Income from operations	28,158	20,038	66,014	48,023
OTHER INCOME (EXPENSE)
Interest expense, net	(13)	(7,141)	(220)	(12,126)
Unrealized loss on interest rate swap contracts		(5,675)		(5,675)
Other income (expense), net	338	(226)	302	(198)
Other income (expense), net	325	(13,042)	82	(17,999)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	28,483	6,996	66,096	30,024
Income tax expense	9,569	2,481	22,460	11,294
INCOME FROM CONTINUING OPERATIONS	18,914	4,515	43,636	18,730
Income (loss) from discontinued operations, net of tax		(1,960)		5,166
Gain on sale of discontinued operations, net of tax		305,197		305,197
Income from discontinued operations, net of tax		303,237		310,363
NET INCOME	18,914	307,752	43,636	329,093
Net income attributable to non-controlling interests, net of tax:
Continuing operations	(2,747)	(2,945)	(8,116)	(5,934)
Discontinued operations		116		(601)
Disposal of discontinued operations		(28,699)		(28,699)
Net income attributable to non-controlling interests, net of tax	(2,747)	(31,528)	(8,116)	(35,234)
NET INCOME ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS	$ 16,167	$ 276,224	$ 35,520	$ 293,859
NET INCOME PER WEIGHTED AVERAGE BASIC SHARE ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS:
Continuing operations (in dollars per share)	$ 1.02	$ 0.10	$ 2.24	$ 0.82
Discontinued operations:
Discontinued operations (in dollars per share)		(0.12)		0.29
Gain on sale of discontinued operations (in dollars per share)		17.57		17.64
Total discontinued operations (in dollars per share)		17.45		17.93
Total (in dollars per share)	1.02	17.55	2.24	18.75
NET INCOME PER WEIGHTED AVERAGE DILUTED SHARE ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS:
Continued operations (in dollars per share)	1.01	0.10	2.22	0.81
Discontinued operations:
Discontinued operations (in dollars per share)		(0.12)		0.29
Gain on sale of discontinued operations (in dollars per share)		17.45		17.51
Total discontinued operations (in dollars per share)		17.33		17.80
Total (in dollars per share)	$ 1.01	$ 17.43	$ 2.22	$ 18.61
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)	15,923	15,738	15,890	15,678
Diluted (in shares)	16,030	15,845	16,001	15,789
DIVIDENDS PER SHARE APPLICABLE TO COMMON STOCK (in dollars per share)	$ 0.29	$ 0.27	$ 0.83	$ 0.77
U.S. Wireless
REVENUE:
Total revenue	$ 44,306	$ 32,796	$ 110,153	$ 80,597
International wireless
REVENUE:
Total revenue	21,557	22,895	67,127	66,162
Wireline
REVENUE:
Total revenue	21,531	21,504	64,344	62,945
Equipment and other
REVENUE:
Total revenue	$ 1,999	$ 2,155	$ 6,212	$ 6,103

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 43,636	$ 329,093
Other comprehensive income:
Unrealized gain on interest rate swap, net of tax expense of $2.0 million and $0.0 million, respectively		6,985
Other comprehensive income, net of tax		6,985
Comprehensive income	43,636	336,078
Less: Comprehensive income attributable to non-controlling interests	(8,116)	(35,234)
Comprehensive income attributable to Atlantic Tele-Network, Inc.	$ 35,520	$ 300,844

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Unrealized gain on interest rate swap, tax expense	$ 0.0	$ 2.0

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 43,636	$ 329,093
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization	37,752	36,517
Provision for doubtful accounts	1,313	880
Amortization of debt discount and debt issuance costs	72	6,657
Stock-based compensation	3,381	2,898
Unrealized loss on interest rate derivative contracts		5,675
Income from discontinued operations, net of tax		(5,166)
Gain on disposition of long-lived assets		(1,076)
Gain on sale of discontinued operations		(305,197)
Changes in operating assets and liabilities, excluding the effects of acquisitions:
Accounts receivable	(7,830)	(3,832)
Materials and supplies, prepayments, and other current assets	(1,921)	(3,470)
Accounts payable and accrued liabilities, advance payments and deposits and other current liabilities	1,444	11,623
Accrued taxes	(18,401)	(23,668)
Other	(3,785)	7,828
Net cash provided by operating activities of continuing operations	55,661	58,762
Net cash provided by (used in) operating activities of discontinued operations	(4,612)	25,751
Net cash provided by operating activities	51,049	84,513
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures, net	(41,699)	(55,171)
Proceeds from disposition of long-lived assets	1,371	1,500
Decrease in restricted cash	38,707
Net cash used in investing activities of continuing operations	(1,621)	(53,671)
Net cash provided by investing activities of discontinued operations		711,541
Net cash provided by (used in) investing activities	(1,621)	657,870
Cash flows from financing activities:
Dividends paid on common stock	(12,873)	(7,839)
Distribution to non-controlling interests	(7,932)	(3,321)
Payment of debt issuance costs		(12)
Principal repayments of term loan		(272,137)
Proceeds from stock option exercises	610	1,450
Purchases of common stock	(1,355)	(1,288)
Repurchase of non-controlling interests	(59)
Investments made by minority shareholders in consolidated affiliates		135
Net cash used in financing activities of continuing operations	(21,609)	(283,012)
Net cash used in financing activities of discontinued operations, net		(1,678)
Net cash used in financing activities	(21,609)	(284,690)
NET CHANGE IN CASH AND CASH EQUIVALENTS	27,819	457,693
CASH AND CASH EQUIVALENTS, beginning of the period	356,607	136,647
CASH AND CASH EQUIVALENTS, end of the period	$ 384,426	$ 594,340

ORGANIZATION AND BUSINESS OPERATIONS

9 Months Ended

Sep. 30, 2014

ORGANIZATION AND BUSINESS OPERATIONS

ORGANIZATION AND BUSINESS OPERATIONS

1. ORGANIZATION AND BUSINESS OPERATIONS

The Company is a telecommunications holdings company that, through its operating subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda and the Caribbean.

The Company offers the following principal services:

Wireless. In the United States, the Company offers wholesale wireless voice and data roaming services to national, regional, local and selected international wireless carriers in rural markets located principally in the Southwest and Midwest. The Company also offers wireless voice and data services to retail customers in Bermuda, Guyana, the Caribbean and smaller markets in the United States.

Wireline. The Company’s local telephone and data services include its operations in Guyana and the mainland United States. The Company is the exclusive licensed provider of domestic wireline local and long-distance telephone services in Guyana and international voice and data communications into and out of Guyana. The Company also offers facilities-based integrated voice and data communications services to enterprise and residential customers in New England, primarily in Vermont, and wholesale transport services in Vermont and New York State. In addition, the Company offers wholesale long-distance voice services to telecommunications carriers.

The following chart summarizes the operating activities of the Company’s principal subsidiaries, the segments in which the Company reports its revenue and the markets it served as of September 30, 2014:

Services	Segment	Markets	Tradenames
Wireless	U.S. Wireless	United States	Commnet, Choice
	Island Wireless	Aruba, Bermuda, Turks and Caicos, U.S. Virgin Islands	Mio, CellOne, Islandcom, Choice
	International Integrated Telephony	Guyana	Cellink
Wireline	International Integrated Telephony	Guyana	GT&T, eMagine
	U.S. Wireline	United States (New England and New York State)	Sovernet, ION, EssexTel

The Company is actively evaluating potential acquisitions, investment opportunities or other strategic transactions, both domestic and international, that meet its return-on-investment and other criteria. The Company provides management, technical, financial, regulatory, and marketing services to its subsidiaries and typically receives a management fee equal to a percentage of their respective revenue. Management fees from subsidiaries are eliminated in consolidation. For information about the Company’s business segments and geographical information about its revenue, operating income and long-lived assets, see Note 11 to the Condensed Consolidated Financial Statements.

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 30, 2014
BASIS OF PRESENTATION
BASIS OF PRESENTATION	2. BASIS OF PRESENTATION The accompanying condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial information included herein is unaudited; however, the Company believes such information and the disclosures herein are adequate to make the information presented not misleading and reflect all adjustments (consisting only of normal recurring adjustments) that are necessary for a fair statement of the Company’s financial position and results of operations for such periods. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. Results of interim periods may not be indicative of results for the full year. These condensed consolidated financial statements and related notes should be read in conjunction with the Company’s 2013 Annual Report on Form 10-K. See Note 4 for information regarding the Company’s sale of its U.S. retail wireless business operated under the Alltel name. The assets, liabilities and operations of the Alltel business have been classified as discontinued for all periods presented. Unless indicated otherwise, the information in the notes to the Condensed Consolidated Financial Statements refer only to our continuing operations. Consolidation The consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries and certain entities, which are consolidated in accordance with the provisions of the Financial Accounting Standards Board’s (“FASB”) authoritative guidance on the consolidation of variable interest entities since it is determined that the Company is the primary beneficiary of these entities. During the nine months ended September 30, 2014, the Company recognized approximately $0.7 million in general and administrative expenses to correct for an understatement of transactional tax liabilities generated in periods during 2013. The Company determined that the impact of the correction of this error was not material to the current or any prior period financial statements. The Company’s effective tax rate declined in 2014 as the result of increased income in lower taxed jurisdictions, such as Bermuda, as compared to 2013. The Company’s effective tax rate in 2013 was higher than the statutory federal income tax rate of 35% (plus applicable statutory state income tax rates) due primarily to (i) the portion of our earnings that are taxed in Guyana at 45%, and (ii) a portion of the Company’s earnings that include losses generated in foreign jurisdictions for which we receive no tax benefit since these are non-tax jurisdictions. The Company’s effective tax rates for the three months ended September 30, 2013 and 2014 were 35.5% and 33.6%, respectively. The Company’s effective tax rates for the nine months ended September 30, 2013 and 2014 were 37.6% and 33.9%, respectively. Recent Accounting Pronouncements In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ASU 2014-15 will explicitly require management to assess an entity’s ability to continue as a going concern, and to provide related footnote disclosure in certain circumstances. The new standard will be effective for all entities in the first annual period ending after December 15, 2016. Earlier adoption is permitted. The Company does not expect ASU No. 2014-15 to have a material impact on the consolidated financial position, results of operations, or cash flows. In June 2014, the FASB issued a standards update on accounting for share-based payments when the terms of the award provide that a performance target could be achieved after a requisite service period. The standard is effective beginning January 1, 2016, with early adoption permitted. The Company does not expect it to have a material impact on our consolidated financial position, results of operations or cash flows. In May 2014, the FASB issued a standard on revenue recognition providing a single, comprehensive revenue recognition model for all contracts with customers. The revenue standard is based on the principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard is effective beginning January 1, 2017, with no early adoption permitted. The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. The Company is currently evaluating the adoption method options and the impact of the new guidance on our consolidated financial statements. In April 2014, the FASB issued Accounting Standards Update (“ASU”) 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” ASU 2014-08 provides guidance on determining when disposals can be presented as discontinued operations. ASU 2014-08 requires that only disposals representing a strategic shift in operations should be presented as discontinued operations. A strategic shift may include a disposal of a major line of business, major equity method investment or a major part of an entity. Additionally, ASU 2014-08 requires expanded disclosures regarding discontinued operations. This standard is effective prospectively for reporting periods beginning after December 15, 2014. Early adoption is permitted. The adoption of this amendment is not expected to have a material impact on the Company’s condensed consolidated financial statements. In March 2013, the FASB issued ASU 2013-05, “Foreign Currency Matters (Topic 830): Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity.” ASU 2013-05 provides clarification regarding whether ASC 810-10, “Consolidation — Overall” or ASC 830-30, “Foreign Currency Matters—Translation of Financial Statements,” applies to the release of cumulative translation adjustments into net income when a reporting entity either sells a part or all of its investment in a foreign entity or ceases to have a controlling financial interest in a subsidiary or group of assets that constitute a business within a foreign entity. The revised standard is effective for reporting periods beginning after December 15, 2013. The adoption of this amendment did not have a material impact on the Company’s condensed consolidated financial statements. In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the Emerging Issues Task Force),” which states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. If a company does not have: (i) a net operating loss carryforward; (ii) a similar tax loss; or (iii) a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The authoritative guidance is effective for fiscal years and the interim periods within those fiscal years beginning on or after December 15, 2013 and was applied on a prospective basis. The adoption of this authoritative guidance did not have a material impact on the Company’s condensed consolidated financial statements.

USE OF ESTIMATES	9 Months Ended
USE OF ESTIMATES	Sep. 30, 2014
USE OF ESTIMATES
USE OF ESTIMATES	3. USE OF ESTIMATES The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. The most significant estimates relate to the allowance for doubtful accounts, useful lives of the Company’s fixed and finite-lived intangible assets, allocation of purchase price to assets acquired and liabilities assumed in purchase business combinations, fair value of indefinite-lived intangible assets, goodwill and income taxes. Actual results could differ significantly from those estimates.

DISCONTINUED OPERATIONS - SALE OF U.S. RETAIL WIRELESS BUSINESS

9 Months Ended

Sep. 30, 2014

DISCONTINUED OPERATIONS - SALE OF U.S. RETAIL WIRELESS BUSINESS

DISCONTINUED OPERATIONS - SALE OF U.S. RETAIL WIRELESS BUSINESS

4. DISCONTINUED OPERATIONS — SALE OF U.S. RETAIL WIRELESS BUSINESS

On September 20, 2013, the Federal Communications Commission announced its approval of the previously announced proposed sale of the Company’s U.S. retail wireless business operated under the Alltel name to AT&T Mobility for approximately $780.0 million in cash plus $16.8 million in working capital adjustments. The Company previously reported the operations of this business within its U.S. Wireless segment. As a result of that approval, the Company completed the sale of certain U.S. retail wireless assets on that date.

The $796.8 million in cash proceeds included $78.0 million of cash to be held in a general indemnity escrow account. Subject to the terms and conditions of the purchase agreement between AT&T Mobility and the Company governing the sale, the restrictions on $19.5 million of these funds expired March 2014 and September 2014, respectively, for a total of $39.0 million year to date. The remaining $39.0 million has been recorded as restricted cash on the Company’s September 30, 2014 balance sheet and classified as a current asset since $39.0 million and is expected to be released, subject to any indemnity claims, to the Company in March 2015.

As of September 30, 2014, the Company has also recorded $7.3 million for the minority shareholders’ interests in the sold operation which is based on the estimated final distributions to the minority shareholders and is included in non-controlling interests on its balance sheet.

The Company has reclassified the assets of its Alltel operations, consisting of prepaid expenses and other current assets, and liabilities of its Alltel operations, consisting of accounts payable and other current liabilities, to assets of discontinued operations and liabilities of discontinued operations, respectively, within its December 31, 2013 and September 30, 2014 balance sheets.

Revenues and income from discontinued operations related to the Alltel business for the three months and nine months ended September 30, 2013 and 2014 were as follows (in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2013			2014		2013		2014

Revenue from discontinued operations	$	88,036		$	—	$	299,519	$	—

Income from discontinued operations, net of tax expense (benefit) of ($1.9) and $5.2 million for the three and nine months ended September 30, 2013 respectively	(1,960		)	—		5,166		—

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

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+ Details

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 30, 2014

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

5. FAIR VALUE MEASUREMENTS

In accordance with the provisions of fair value accounting, a fair value measurement assumes that a transaction to sell an asset or transfer a liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability and defines fair value based upon an exit price model.

The fair value measurement guidance establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The guidance describes three levels of inputs that may be used to measure fair value:

Level 1Quoted prices in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset and liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 assets and liabilities include money market funds, debt and equity securities and derivative contracts that are traded in an active exchange market.

Level 2Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes corporate obligations and non-exchange traded derivative contracts.

Level 3Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments and intangible assets that have been impaired whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.

Assets and liabilities of the Company measured at fair value on a recurring basis as of December 31, 2013 and September 30, 2014 are summarized as follows (in thousands):

	December 31, 2013
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Certificates of deposit	$	—	$	363	$	363
Money market funds	$	2,244	$	—	$	2,244
Total assets measured at fair value	$	2,244	$	363	$	2,607

	September 30, 2014
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Certificate of deposit	$	—	$	363	$	363
Money market funds	$	2,407	$	—	$	2,407
Total assets measured at fair value	$	2,407	$	363	$	2,770

Certificate of Deposit

As of December 31, 2013 and September 30, 2014, this asset class consisted of a time deposit at a financial institution denominated in U.S. dollars. The asset class is classified within Level 2 of the fair value hierarchy because the fair value was based on observable market data.

Money Market Funds

As of December 31, 2013 and September 30, 2014, this asset class consisted of a money market portfolio that comprises Federal government and U.S. Treasury securities. The asset class is classified within Level 1 of the fair value hierarchy because its underlying investments are valued using quoted market prices in active markets for identical assets.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

LONG-TERM DEBT	9 Months Ended
LONG-TERM DEBT	Sep. 30, 2014
LONG-TERM DEBT
LONG-TERM DEBT	6. LONG-TERM DEBT The Company has a credit facility (the “Credit Facility”) which previously included two term loans and currently provides for a revolver loan of up to $100.0 million. The revolver loan also has a $10.0 million swingline sub-facility and a $55.0 million letter of credit sub-facility for issuance in connection with the Company’s Mobility Fund Grant obligations (see Note 8). On September 20, 2013 the Company repaid its outstanding term loans in full. Amounts borrowed under the term loans bore interest at a rate equal to, at the Company’s option, either (i) at the London Interbank Offered Rate (LIBOR) plus an applicable margin ranging between 2.00% to 4.00% or (ii) a base rate plus an applicable margin ranging from 1.00% to 3.00%. The base rate was equal to the higher of (i) 1.50% plus the higher of (x) the one-week LIBOR and (y) the one-month LIBOR; or (ii) the prime rate (as defined in the Credit Facility). The applicable margin was determined based on the ratio of our indebtedness (as defined in the Credit Facility) to our EBITDA (as defined in the Credit Facility). Amounts borrowed under the revolver loan bear interest at a rate equal to, at the Company’s option, either (i) LIBOR plus an applicable margin ranging between 2.00% to 3.50% or (ii) a base rate plus an applicable margin ranging from 1.00% to 2.50% (or, in the case of amounts borrowed under the swing-line sub- facility, an applicable margin ranging from 0.50% to 2.00%.) The Company must also pay a fee ranging from 0.25% to 0.50% of the average daily unused portion of the revolver loan over each calendar quarter, which fee is payable in arrears on the last day of each calendar quarter. The Credit Facility contains customary representations, warranties and covenants, including covenants by the Company limiting additional indebtedness, liens, guaranties, mergers and consolidations, substantial asset sales, investments and loans, sale and leasebacks, transactions with affiliates and fundamental changes. In addition, the Credit Facility contains financial covenants by the Company that (i) impose a maximum leverage ratio of indebtedness to EBITDA, (ii) require a minimum debt service ratio of EBITDA to principal, interest and taxes payments and (iii) require a minimum ratio of equity to consolidated assets. As of September 30, 2014, we were in compliance with all of the financial covenants of the Credit Facility. Note Payable—Other In connection with the Company’s merger of its Bermuda subsidiary with M3 Wireless, Ltd. in May 2011, the Company assumed a term loan of approximately $7.0 million owed to Keytech Ltd., the former parent company of M3 Wireless, Ltd. and current 42% minority shareholder in the Company’s Bermuda operations. This term loan, which bore interest at 7% per annum, was repaid in full in July 2013.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

9 Months Ended

Sep. 30, 2014

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

7. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The Company’s objective in using interest rate derivatives was to add stability to interest expense and to manage its exposure to the interest rate movements of its variable-rate debt. To accomplish this objective, the Company primarily used interest rate derivatives as part of its interest rate risk management strategy. Interest rate derivatives, designated as cash flow hedges, involved the receipt of variable-rate amounts from counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.

The effective portion of changes in the fair value of interest rate derivatives that qualified as cash flow hedges was recorded in accumulated other comprehensive income and was subsequently reclassified into earnings in the period that the hedged forecasted transaction affected earnings.

As a result of the repayment of its variable-rate debt on September 20, 2013, the Company terminated its interest rate derivatives in October 2013.

Amounts previously reported in accumulated other comprehensive income related to the interest rate derivatives were reclassified to “Unrealized loss on interest rate derivative contracts” as of the date of the prepayment of the Company’s outstanding term notes.

The table below presents the effect of the Company’s derivative financial instruments on the consolidated income statements for the three and nine months ended September 30, 2013 and 2014 (in thousands):

Three Months Ended September 30,	Derivative in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)		Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)
2013	Interest Rate Swap	$	—	Interest expense	$	—
2014	Interest Rate Swap	$	—	Interest expense	$	—

Nine Months Ended September 30,	Derivative in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)		Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)
2013	Interest Rate Swap	$	6,255	Interest expense	$	6,255
2014	Interest Rate Swap	$	—	Interest expense	$	—

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

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+ Details

GOVERNMENT GRANTS	9 Months Ended
GOVERNMENT GRANTS	Sep. 30, 2014
GOVERNMENT GRANTS
GOVERNMENT GRANTS	8. GOVERNMENT GRANTS The Company has received funding from the U.S. Government and its agencies under Stimulus and Mobility Fund programs. These are generally designed to fund telecommunications infrastructure expansion into rural or underserved areas of the United States. The fund programs are evaluated to determine if they represent funding related to capital expenditures (capital grants) or operating activities (income grants). Stimulus Grants The Company was awarded several federal stimulus grants in 2009 and 2010 by the U.S. Government under provisions of the American Recovery and Reinvestment Act of 2009 intended to stimulate the deployment of broadband infrastructure and services to rural, unserved and underserved areas. As of September 30, 2014, the Company has spent (i) $35.8 million in capital expenditures (of which $27.5 million has been funded by the federal stimulus grant) in connection with the Company’s build of ten new segments of fiber-optic, middle-mile broadband infrastructure in upstate New York and parts of Pennsylvania and Vermont; (ii) $7.6 million in capital expenditures (of which $5.3 million has been funded by the federal stimulus grant) in connection with the Company’s last-mile broadband infrastructure buildout in the Navajo Nation across Arizona, New Mexico and Utah; and (iii) $47.8 million in capital expenditures (of which $33.0 million has been or is expected to be funded by the federal stimulus grant) in connection with the Company’s fiber-optic middle mile network buildout to provide broadband and transport services to over 340 community anchor institutions in Vermont. The results of the Company’s New York and Vermont stimulus projects are included in the Company’s “U.S. Wireline” segment and the results of the Company’s Navajo stimulus project are included in the Company’s “U.S. Wireless” segment. The New York and Navajo Stimulus projects were completed during 2013. The Vermont stimulus project will be completed during the latter half of 2014 and the Company anticipates that it will incur an additional nominal amount of capital expenditures of which none is expected to be funded by the federal stimulus grants. Mobility Fund Grants As part of the Federal Communications Commission’s (“FCC”) reform of its Universal Service Fund (“USF”) program, which previously provided support to carriers seeking to offer telecommunications services in high-cost areas and to low-income households, the FCC created the Mobility Fund and the Tribal Mobility Fund, each a one-time award meant to support wireless coverage in underserved geographic areas in the United States. In August 2013, the Company received FCC final approval for approximately $21.7 million of Mobility Fund support and in June 2014, approximately $2.4 million of Tribal Mobility fund support to its wholesale wireless business (collectively the “Mobility Funds”) to expand voice and broadband networks in certain geographic areas in order to offer either 3G or 4G coverage. As part of the receipt of the Mobility Funds, the Company committed to comply with certain additional FCC construction and other requirements. A portion of these funds will be used to offset network capital costs and a portion is used to offset the costs of supporting the networks for a period of five years. In connection with the Company’s application for the Mobility Funds, the Company has posted approximately $10.5 million in letters of credit to the Universal Service Administrative Company (“USAC”) to secure these obligations. If the Company fails to comply with any of the terms and conditions upon which the Mobility Funds were granted, or if it loses eligibility for the Mobility Funds, USAC will be entitled to draw the entire amount of the letter of credit applicable to the affected project plus penalties and may disqualify the Company from the receipt of additional Mobility Fund support. As of September 30, 2014, all of the letters of credit remain outstanding and no amounts have been drawn thereon. The Company began the construction of its Mobility Funds projects during the third quarter of 2013 and its results are included in the Company’s “U.S. Wireless” segment. As of September 30, 2014, the Company has received approximately $7.4 million in Mobility Funds. Of these funds, $1.3 million was recorded as an offset to the cost of the property, plant, and equipment associated with these projects and, consequentially, a reduction of future depreciation expense and $6.1million was recorded as a liability to reduce future operating expenses. The balance sheet presentation is based on the timing of the expected recognition of the funds and accordingly, $2.3 million is recorded within other current liabilities while the remaining $3.8 million is recorded within other long-term liabilities.

EQUITY

9 Months Ended

Sep. 30, 2014

EQUITY

EQUITY

9. EQUITY

Total equity was as follows (in thousands):

	Nine Months Ended September 30,
	2013									2014
	Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity			Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity
Equity, beginning of period	$	334,146		$	60,094		$	394,240		$	643,330		$	56,525		$	699,855
Stock-based compensation	3,419			—			3,419			3,381			—			3,381
Comprehensive income:
Net income	293,859			35,234			329,093			35,520			8,116			43,636
Other comprehensive income-Gain on interest rate swap (net of tax)	6,985			—			6,985			—			—			—
Total comprehensive income	300,844			35,234			336,078			35,520			8,116			43,636
Issuance of common stock upon exercise of stock options	6,778			—			6,778			1,106						1,106
Dividends declared on common stock	(11,982		)	—			(11,982		)	(13,218		)	—			(13,218		)
Distributions to non-controlling interests	—			(5,532		)	(5,532		)	—			(7,932		)	(7,932		)
Investments made by non-controlling interests	—			135			135			—			—			—
Sale of non-controlling interests	—			(13,634		)	(13,634		)	—			(59		)	(59		)
Purchase of treasury stock	(6,615		)	—			(6,615		)	(1,850		)	—			(1,850		)
Equity, end of period	$	626,590		$	76,297		$	702,887		$	668,269		$	56,650		$	724,919

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

NET INCOME PER SHARE

9 Months Ended

Sep. 30, 2014

NET INCOME PER SHARE

NET INCOME PER SHARE

10. NET INCOME PER SHARE

For the three and nine months ended September 30, 2013 and 2014, outstanding stock options were the only potentially dilutive securities. The reconciliation from basic to diluted weighted average common shares outstanding is as follows (in thousands):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2013	2014	2013	2014
Basic weighted-average common shares outstanding	15,738	15,923	15,678	15,890
Stock options	107	107	111	111
Diluted weighted-average common shares outstanding	15,845	16,030	15,789	16,001

The above calculation for the three months ended September 30, 2013 does not include 29,000 shares related to certain stock options because the effects of such options were anti-dilutive. For the nine months ended September 30, 2013 the calculation does not include 80,000 shares related to certain stock options because the effect of such options was anti-dilutive. There were not any anti-dilutive shares for either the three or nine months ended September 30, 2014.

SEGMENT REPORTING

9 Months Ended

Sep. 30, 2014

SEGMENT REPORTING

SEGMENT REPORTING

11. SEGMENT REPORTING

The Company has four reportable segments for separate disclosure in accordance with the FASB’s authoritative guidance on disclosures about segments of an enterprise. Those four segments are: i) U.S. Wireless, which generates all of its revenues in and has all of its assets located in the United States, ii) International Integrated Telephony, which generates all of its revenues in and has all of its assets located in Guyana, iii) Island Wireless, which generates a majority of its revenues in, and has a majority of its assets located in, Bermuda and which also generates revenues in and has assets located in the U.S. Virgin Islands, Aruba and Turks and Caicos and iv) U.S. Wireline, which generates all of its revenues in and has all of its assets located in the United States. The operating segments are managed separately because each offers different services and serves different markets.

The following tables provide information for each operating segment (in thousands):

	For the Three Months Ended September 30, 2013
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. wireless	$	32,796	$	—	$	—	$	—		$	—		$	32,796
International wireless	—		7,046		15,849		—			—			22,895
Wireline	152		15,640		—		5,712			—			21,504
Equipment and other	109		388		1,594		64			—			2,155
Total revenue	33,057		23,074		17,443		5,776			—			79,350
Depreciation and amortization	4,039		4,551		2,551		816			378			12,335
Non-cash stock-based compensation	—		—		—		—			926			926
Operating income (loss)	18,293		7,028		3,292		(255		)	(8,320		)	20,038

	For the Nine Months Ended September 30, 2013
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. wireless	$	80,597	$	—	$	—	$	—		$	—		$	80,597
International wireless	—		20,330		45,832		—			—			66,162
Wireline	457		46,493		—		15,995			—			62,945
Equipment and other	313		1,151		4,468		171			—			6,103
Total revenue	81,367		67,974		50,300		16,166			—			215,807
Depreciation and amortization	12,119		13,476		7,705		2,252			965			36,517
Non-cash stock-based compensation	—		—		—		—			2,898			2,898
Operating income (loss)	40,472		19,596		7,226		(786		)	(18,485		)	48,023

	For the Three Months Ended September 30, 2014
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. wireless	$	44,306	$	—	$	—	$	—		$	—		$	44,306
International wireless	—		6,399		15,158		—			—			21,557
Wireline	152		15,249		—		6,130			—			21,531
Equipment and other	278		183		1,469		69			—			1,999
Total revenue	44,736		21,831		16,627		6,199						89,393
Depreciation and amortization	3,657		4,397		2,596		1,193			999			12,842
Non-cash stock-based compensation	—		—		—		—			1,002			1,002
Operating income (loss)	27,585		5,065		2,231		(471		)	(6,252		)	28,158

	For the Nine Months Ended September 30, 2014
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. wireless	$	110,153	$	—	$	—	$	—		$	—		$	110,153
International wireless	—		20,054		47,073		—			—			67,127
Wireline	457		44,399		—		19,488			—			64,344
Equipment and other	663		573		4,782		194			—			6,212
Total revenue	111,273		65,026		51,855		19,682						247,836
Depreciation and amortization	10,413		13,111		7,810		3,519			2,899			37,752
Non-cash stock-based compensation	—		—		—		—			3,381			3,381
Operating income (loss)	63,826		15,293		8,210		(2,511		)	(18,804		)	66,014

	Segment Assets
	U.S. Wireless			International Integrated Telephony		Island Wireless		U.S. Wireline		Reconciling Items		Consolidated
December 31, 2013:
Net fixed assets	$	73,592		$	118,917	$	29,310	$	26,082	$	6,731	$	254,632
Goodwill	32,148			—		5,438		7,491		—		45,077
Total assets	151,094		(1)	197,903		74,427		45,351		390,944		859,719
September 30, 2014:
Net fixed assets	$	75,930		$	110,870	$	26,622	$	26,930	$	13,156	$	253,508
Goodwill	32,148			—		5,438		7,491		—		45,077
Total assets	178,208		(1)	200,770		78,417		43,359		342,677		843,431

(1)

Includes $4,748 and $73,492 of assets associated with our discontinued operations as of December 31, 2013 and September 30, 2014, respectively.

	Capital Expenditures
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Reconciling Items		Consolidated
Nine Months Ended September 30,
2013	$	27,736	$	9,039	$	4,014	$	11,231	$	3,151	$	55,171
2014	$	26,496	$	6,816	$	3,966	$	2,325	$	2,096	$	41,699

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2014
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES Regulatory and Litigation Matters The Company and its subsidiaries are subject to certain regulatory and legal proceedings and other claims arising in the ordinary course of business, some of which involve claims for damages and taxes that are substantial in amount. The Company believes that, except for the items discussed below and in our Annual Report on Form 10-K for the year ended December 31, 2013, for which the Company is currently unable to predict the final outcome, the disposition of proceedings currently pending will not have a material adverse effect on the Company’s financial position or results of operations. On May 8, 2009, Digicel filed a lawsuit in Guyana challenging the legality of GT&T’s exclusive license rights under Guyana’s constitution. Digicel initially filed this lawsuit against the Attorney General of Guyana in the High Court. On May 13, 2009, GT&T petitioned to intervene in the suit in order to oppose Digicel’s claims and that petition was granted on May 18, 2009. GT&T filed an answer to the charge on June 22, 2009 and the case is pending. The Company believes that any legal challenge to GT&T’s exclusive license rights granted in 1990 is without merit and the Company is vigorously defending against the legal challenge. In Bermuda, the Regulatory Authority continued its implementation of the Electronic Communications Act of 2011, which allows communications service providers to enter new lines of business and introduces competition in the sector. As the government of Bermuda continues to reform the local telecommunications market it is possible that new or amended regulations may establish regulatory and other fees, additional regulation or result in other circumstances that could increase our regulatory costs or otherwise impact our operations. For instance, in October 2014, the Bermuda Regulatory Authority issued a draft decision that, if implemented, would prevent the Company from using a portion of existing spectrum held by its Bermuda subsidiary reserved for the launch of next generation services in accordance with the Company's plans and demands of its customers in Bermuda. This could damage the competitive position of the Company's business in Bermuda and limit its ability to grow. Although the Company believes that it would be entitled to compensation for any involuntary recapture and re-assignment of its spectrum rights in Bermuda, it cannot be sure that it would prevail in a proceeding to enforce its rights or that such actions would effectively halt any unilateral action by the Regulatory Authority. Although the Company believes that the Regulatory Authority will make a decision on the matter in the near future, it cannot predict when or if these proposals will be adopted, or, if adopted, the impact that their implementation will have on the Company's Island Wireless Segment. The term of the Company’s telecommunications license to operate in Aruba expired on January 15, 2014. The government of Aruba informed the Company in January 2014 that a renewed license would be issued only upon payment by the Company of a fee in the amount of approximately $4.0 million. In addition, the government of Aruba demanded that the Company pay overdue spectrum invoices in the amount of approximately $2.0 million no later than July 31, 2014. The Company is actively contesting the assessment of these fees through judicial proceedings as it continues to operate while also seeking to resolve with the Aruba government the amount of fees, if any, to be paid in relation to a renewed license and the assessed spectrum fees.

ORGANIZATION AND BUSINESS OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2014

ORGANIZATION AND BUSINESS OPERATIONS

Schedule of the operating activities of the Company's principal subsidiaries, the segments in which the Company reports its revenue and markets served

Services	Segment	Markets	Tradenames
Wireless	U.S. Wireless	United States	Commnet, Choice
	Island Wireless	Aruba, Bermuda, Turks and Caicos, U.S. Virgin Islands	Mio, CellOne, Islandcom, Choice
	International Integrated Telephony	Guyana	Cellink
Wireline	International Integrated Telephony	Guyana	GT&T, eMagine
	U.S. Wireline	United States (New England and New York State)	Sovernet, ION, EssexTel

DISCONTINUED OPERATIONS - SALE OF U.S. RETAIL WIRELESS BUSINESS (Tables)

9 Months Ended

Sep. 30, 2014

DISCONTINUED OPERATIONS - SALE OF U.S. RETAIL WIRELESS BUSINESS

Schedule of revenues and income from discontinued operations

Revenues and income from discontinued operations related to the Alltel business for the three months and nine months ended September 30, 2013 and 2014 were as follows (in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2013			2014		2013		2014

Revenue from discontinued operations	$	88,036		$	—	$	299,519	$	—

Income from discontinued operations, net of tax expense (benefit) of ($1.9) and $5.2 million for the three and nine months ended September 30, 2013 respectively	(1,960		)	—		5,166		—

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2014

FAIR VALUE MEASUREMENTS

Schedule of assets and liabilities of the entity measured at fair value on a recurring basis

Assets and liabilities of the Company measured at fair value on a recurring basis as of December 31, 2013 and September 30, 2014 are summarized as follows (in thousands):

	December 31, 2013
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Certificates of deposit	$	—	$	363	$	363
Money market funds	$	2,244	$	—	$	2,244
Total assets measured at fair value	$	2,244	$	363	$	2,607

	September 30, 2014
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Certificate of deposit	$	—	$	363	$	363
Money market funds	$	2,407	$	—	$	2,407
Total assets measured at fair value	$	2,407	$	363	$	2,770

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2014

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Schedule of effect of the entity's derivative financial instruments on the consolidated income statements

Three Months Ended September 30,	Derivative in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)		Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)
2013	Interest Rate Swap	$	—	Interest expense	$	—
2014	Interest Rate Swap	$	—	Interest expense	$	—

Nine Months Ended September 30,	Derivative in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)		Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)
2013	Interest Rate Swap	$	6,255	Interest expense	$	6,255
2014	Interest Rate Swap	$	—	Interest expense	$	—

EQUITY (Tables)

9 Months Ended

Sep. 30, 2014

EQUITY

Schedule of stockholders' equity

Total equity was as follows (in thousands):

	Nine Months Ended September 30,
	2013									2014
	Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity			Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity
Equity, beginning of period	$	334,146		$	60,094		$	394,240		$	643,330		$	56,525		$	699,855
Stock-based compensation	3,419			—			3,419			3,381			—			3,381
Comprehensive income:
Net income	293,859			35,234			329,093			35,520			8,116			43,636
Other comprehensive income-Gain on interest rate swap (net of tax)	6,985			—			6,985			—			—			—
Total comprehensive income	300,844			35,234			336,078			35,520			8,116			43,636
Issuance of common stock upon exercise of stock options	6,778			—			6,778			1,106						1,106
Dividends declared on common stock	(11,982		)	—			(11,982		)	(13,218		)	—			(13,218		)
Distributions to non-controlling interests	—			(5,532		)	(5,532		)	—			(7,932		)	(7,932		)
Investments made by non-controlling interests	—			135			135			—			—			—
Sale of non-controlling interests	—			(13,634		)	(13,634		)	—			(59		)	(59		)
Purchase of treasury stock	(6,615		)	—			(6,615		)	(1,850		)	—			(1,850		)
Equity, end of period	$	626,590		$	76,297		$	702,887		$	668,269		$	56,650		$	724,919

NET INCOME PER SHARE (Tables)

9 Months Ended

Sep. 30, 2014

NET INCOME PER SHARE

Schedule of reconciliation from basic to diluted weighted average common shares outstanding

The reconciliation from basic to diluted weighted average common shares outstanding is as follows (in thousands):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2013	2014	2013	2014
Basic weighted-average common shares outstanding	15,738	15,923	15,678	15,890
Stock options	107	107	111	111
Diluted weighted-average common shares outstanding	15,845	16,030	15,789	16,001

SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2014

SEGMENT REPORTING

Schedule of information for each operating segment

The following tables provide information for each operating segment (in thousands):

	For the Three Months Ended September 30, 2013
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. wireless	$	32,796	$	—	$	—	$	—		$	—		$	32,796
International wireless	—		7,046		15,849		—			—			22,895
Wireline	152		15,640		—		5,712			—			21,504
Equipment and other	109		388		1,594		64			—			2,155
Total revenue	33,057		23,074		17,443		5,776			—			79,350
Depreciation and amortization	4,039		4,551		2,551		816			378			12,335
Non-cash stock-based compensation	—		—		—		—			926			926
Operating income (loss)	18,293		7,028		3,292		(255		)	(8,320		)	20,038

	For the Nine Months Ended September 30, 2013
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. wireless	$	80,597	$	—	$	—	$	—		$	—		$	80,597
International wireless	—		20,330		45,832		—			—			66,162
Wireline	457		46,493		—		15,995			—			62,945
Equipment and other	313		1,151		4,468		171			—			6,103
Total revenue	81,367		67,974		50,300		16,166			—			215,807
Depreciation and amortization	12,119		13,476		7,705		2,252			965			36,517
Non-cash stock-based compensation	—		—		—		—			2,898			2,898
Operating income (loss)	40,472		19,596		7,226		(786		)	(18,485		)	48,023

	For the Three Months Ended September 30, 2014
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. wireless	$	44,306	$	—	$	—	$	—		$	—		$	44,306
International wireless	—		6,399		15,158		—			—			21,557
Wireline	152		15,249		—		6,130			—			21,531
Equipment and other	278		183		1,469		69			—			1,999
Total revenue	44,736		21,831		16,627		6,199						89,393
Depreciation and amortization	3,657		4,397		2,596		1,193			999			12,842
Non-cash stock-based compensation	—		—		—		—			1,002			1,002
Operating income (loss)	27,585		5,065		2,231		(471		)	(6,252		)	28,158

	For the Nine Months Ended September 30, 2014
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. wireless	$	110,153	$	—	$	—	$	—		$	—		$	110,153
International wireless	—		20,054		47,073		—			—			67,127
Wireline	457		44,399		—		19,488			—			64,344
Equipment and other	663		573		4,782		194			—			6,212
Total revenue	111,273		65,026		51,855		19,682						247,836
Depreciation and amortization	10,413		13,111		7,810		3,519			2,899			37,752
Non-cash stock-based compensation	—		—		—		—			3,381			3,381
Operating income (loss)	63,826		15,293		8,210		(2,511		)	(18,804		)	66,014

	Segment Assets
	U.S. Wireless			International Integrated Telephony		Island Wireless		U.S. Wireline		Reconciling Items		Consolidated
December 31, 2013:
Net fixed assets	$	73,592		$	118,917	$	29,310	$	26,082	$	6,731	$	254,632
Goodwill	32,148			—		5,438		7,491		—		45,077
Total assets	151,094		(1)	197,903		74,427		45,351		390,944		859,719
September 30, 2014:
Net fixed assets	$	75,930		$	110,870	$	26,622	$	26,930	$	13,156	$	253,508
Goodwill	32,148			—		5,438		7,491		—		45,077
Total assets	178,208		(1)	200,770		78,417		43,359		342,677		843,431

(1)

Includes $4,748 and $73,492 of assets associated with our discontinued operations as of December 31, 2013 and September 30, 2014, respectively.

	Capital Expenditures
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Reconciling Items		Consolidated
Nine Months Ended September 30,
2013	$	27,736	$	9,039	$	4,014	$	11,231	$	3,151	$	55,171
2014	$	26,496	$	6,816	$	3,966	$	2,325	$	2,096	$	41,699

BASIS OF PRESENTATION (Details) $ in Millions	9 Months Ended
BASIS OF PRESENTATION (Details) $ in Millions	Sep. 30, 2014 USD ($)
Reclassifications \| General and administrative expense
Reclassifications
Prior period reclassifications	$ 0.7

BASIS OF PRESENATION (Details 2)	3 Months Ended		9 Months Ended		12 Months Ended
BASIS OF PRESENATION (Details 2)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Income tax
Statutory federal income tax rate (as a percent)					35.00%
Effective tax rate (as a percent)	33.60%	35.50%	33.90%	37.60%
Guyana
Income tax
Statutory federal income tax rate (as a percent)					45.00%

DISCONTINUED OPERATIONS - SALE OF U.S. RETAIL WIRELESS BUSINESS (Details) - USD ($) $ in Thousands		1 Months Ended			3 Months Ended	9 Months Ended
	Sep. 20, 2013	Mar. 31, 2015	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
SALE OF U.S. RETAIL WIRELESS BUSINESS
Restricted cash			$ 39,293			$ 39,293		$ 39,000
Minority shareholders' interests in sale of operations					$ 28,699		$ 28,699
Revenues and income from discontinued operations
Income from discontinued operations, net of tax expense (benefit)					(1,960)		5,166
Alltel Sale \| AT&T Mobility
SALE OF U.S. RETAIL WIRELESS BUSINESS
Cash proceeds	$ 780,000
Working capital adjustments	16,800
Total cash proceeds including working capital adjustments	796,800
Cash held in escrow	$ 78,000
First release of amount of escrowed cash			19,500	$ 19,500		39,000
Restricted cash			$ 39,000			39,000
Minority shareholders' interests in sale of operations						$ 7,300
Revenues and income from discontinued operations
Revenue from discontinued operations					88,036		299,519
Income from discontinued operations, net of tax expense (benefit)					(1,960)		5,166
Income from discontinued operations, tax expense (benefit)					$ (1,900)		$ 5,200
Alltel Sale \| AT&T Mobility \| Subsequent event
SALE OF U.S. RETAIL WIRELESS BUSINESS
Third release of amount of escrowed cash		$ 39,000

FAIR VALUE MEASUREMENTS (Details) - Recurring basis - USD ($) $ in Thousands	Sep. 30, 2014	Dec. 31, 2013
Quoted Prices in Active Markets (Level 1)
Fair value measurements
Money market funds	$ 2,407	$ 2,244
Total assets measured at fair value	2,407	2,244
Significant Other Observable Inputs (Level 2)
Fair value measurements
Certificates of deposit	363	363
Total assets measured at fair value	363	363
Total
Fair value measurements
Certificates of deposit	363	363
Money market funds	2,407	2,244
Total assets measured at fair value	$ 2,770	$ 2,607

LONG-TERM DEBT (Details) $ in Millions		1 Months Ended	9 Months Ended
LONG-TERM DEBT (Details) $ in Millions	May 18, 2012 item	May 31, 2011	Sep. 30, 2014 USD ($)	Sep. 20, 2013	May 02, 2011 USD ($)
Bermuda wireless operations
Long-term debt
Ownership interest held by minority shareholder (as a percent)		42.00%
Amended Credit Facility \| One-week LIBOR
Long-term debt
Description of variable rate basis				one-week LIBOR
Basis spread on variable rate (as a percent)				1.50%
Amended Credit Facility \| One-month LIBOR
Long-term debt
Description of variable rate basis				one-month LIBOR
Basis spread on variable rate (as a percent)				1.50%
Amended Credit Facility \| Prime Rate
Long-term debt
Description of variable rate basis				Prime rate
Term loans \| Amended Credit Facility
Long-term debt
Number of term loans \| item	2
Term loans \| Amended Credit Facility \| LIBOR
Long-term debt
Description of variable rate basis				LIBOR
Term loans \| Amended Credit Facility \| Base rate
Long-term debt
Description of variable rate basis				Base rate
Term loans \| Amended Credit Facility \| Minimum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)				2.00%
Term loans \| Amended Credit Facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)				1.00%
Term loans \| Amended Credit Facility \| Maximum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)				4.00%
Term loans \| Amended Credit Facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)				3.00%
Revolver loan \| Minimum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)			2.00%
Revolver loan \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)			1.00%
Revolver loan \| Maximum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)			3.50%
Revolver loan \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)			2.50%
Revolver loan \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity			$ 100.0
Revolver loan \| Amended Credit Facility \| LIBOR
Long-term debt
Description of variable rate basis			LIBOR
Revolver loan \| Amended Credit Facility \| Base rate
Long-term debt
Description of variable rate basis			Base rate
Revolver loan \| Amended Credit Facility \| Minimum
Long-term debt
Commitment fee (as a percent)			0.25%
Revolver loan \| Amended Credit Facility \| Maximum
Long-term debt
Commitment fee (as a percent)			0.50%
Swingline sub-facility \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity			$ 10.0
Swingline sub-facility \| Amended Credit Facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)			0.50%
Swingline sub-facility \| Amended Credit Facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)			2.00%
Letter of credit sub-facility \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity			$ 55.0
Note payable - other \| M3 Wireless, Ltd. \| Keytech Ltd.
Long-term debt
Term loan assumed					$ 7.0
Effective interest rate (as a percent)					7.00%

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) - Interest rate derivative - Designated as cash flow hedges $ in Thousands	9 Months Ended
	Sep. 30, 2013 USD ($)
Derivative instruments and hedging activities
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)	$ 6,255
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	$ 6,255

GOVERNMENT GRANTS (Details) $ in Millions	9 Months Ended
GOVERNMENT GRANTS (Details) $ in Millions	Sep. 30, 2014 USD ($) item
Upstate New York and parts of Pennsylvania and Vermont
GOVERNMENT GRANTS
Capital expenditures	$ 35.8
Federal stimulus grant	$ 27.5
Number of new segments of fiber-optic, middle mile broadband infrastructure built \| item	10
Navajo Nation across Arizona, New Mexico and Utah
GOVERNMENT GRANTS
Capital expenditures	$ 7.6
Federal stimulus grant	5.3
Vermont
GOVERNMENT GRANTS
Capital expenditures	47.8
Federal stimulus grant	33.0
Expected amount of federal stimulus grants	$ 0.0
Vermont \| Minimum
GOVERNMENT GRANTS
Number of community anchor institutions to whom broadband and transport services are provided \| item	340

GOVERNMENT GRANTS (Details 2) - USD ($) $ in Millions	1 Months Ended		9 Months Ended
GOVERNMENT GRANTS (Details 2) - USD ($) $ in Millions	Jun. 30, 2014	Aug. 31, 2013	Sep. 30, 2014
MOBILITY FUND GRANTS
Period over which a portion of the Mobility Funds is used to offset the costs of supporting the networks			5 years
Letter of credit sub-facility
MOBILITY FUND GRANTS
Letters of credit posted to USAC			$ 10.5
Amount of letters of credit drawn			0.0
Mobility Funds
MOBILITY FUND GRANTS
Mobility Funds approved by FCC		$ 21.7
Mobility Funds \| U.S. Wireless
MOBILITY FUND GRANTS
Mobility Funds received			7.4
Grant funds used to offset fixed asset related costs			1.3
Mobility Funds \| U.S. Wireless \| Liability
MOBILITY FUND GRANTS
Mobility Funds received			6.1
Mobility Funds \| U.S. Wireless \| Other current liabilities
MOBILITY FUND GRANTS
Mobility Funds received			2.3
Mobility Funds \| U.S. Wireless \| Other long-term liabilities
MOBILITY FUND GRANTS
Mobility Funds received			$ 3.8
Tribal Mobility Fund
MOBILITY FUND GRANTS
Mobility Funds approved by FCC	$ 2.4

EQUITY (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
EQUITY (Details) - USD ($) $ in Thousands	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Stockholders' equity
Equity, beginning of period			$ 699,855	$ 394,240
Stock-based compensation			3,381	3,419
Comprehensive income:
Net income	$ 18,914	$ 307,752	43,636	329,093
Other comprehensive income
Gain on interest rate swap (net of tax)				6,985
Comprehensive income			43,636	336,078
Issuance of common stock upon exercise of stock options			1,106	6,778
Dividends declared on common stock			(13,218)	(11,982)
Distributions to non-controlling interests			(7,932)	(5,532)
Investments made by non-controlling interests				135
Sale of non-controlling interest			(59)	(13,634)
Purchase of treasury stock			(1,850)	(6,615)
Equity, end of period	724,919	702,887	724,919	702,887
Atlantic Tele-Network, Inc.
Stockholders' equity
Equity, beginning of period			643,330	334,146
Stock-based compensation			3,381	3,419
Comprehensive income:
Net income			35,520	293,859
Other comprehensive income
Gain on interest rate swap (net of tax)				6,985
Comprehensive income			35,520	300,844
Issuance of common stock upon exercise of stock options			1,106	6,778
Dividends declared on common stock			(13,218)	(11,982)
Purchase of treasury stock			(1,850)	(6,615)
Equity, end of period	668,269	626,590	668,269	626,590
Non-Controlling Interests
Stockholders' equity
Equity, beginning of period			56,525	60,094
Comprehensive income:
Net income			8,116	35,234
Other comprehensive income
Comprehensive income			8,116	35,234
Distributions to non-controlling interests			(7,932)	(5,532)
Investments made by non-controlling interests				135
Sale of non-controlling interest			(59)	(13,634)
Equity, end of period	$ 56,650	$ 76,297	$ 56,650	$ 76,297

NET INCOME PER SHARE (Details) - shares	3 Months Ended		9 Months Ended
NET INCOME PER SHARE (Details) - shares	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Reconciliation from basic to diluted weighted average common shares outstanding
Basic weighted-average common shares outstanding	15,923,000	15,738,000	15,890,000	15,678,000
Stock options (in shares)	107,000	107,000	111,000	111,000
Diluted weighted-average common shares outstanding	16,030,000	15,845,000	16,001,000	15,789,000
Stock options
Anti-dilutive common shares not included for computation of earnings per share
Anti-dilutive potential shares excluded from the computation of diluted weighted average shares outstanding (in shares)		29,000		80,000

SEGMENT REPORTING (Details) $ in Thousands	3 Months Ended		9 Months Ended
SEGMENT REPORTING (Details) $ in Thousands	Sep. 30, 2014 USD ($)	Sep. 30, 2013 USD ($)	Sep. 30, 2014 USD ($) item	Sep. 30, 2013 USD ($)	Dec. 31, 2013 USD ($)
SEGMENT REPORTING
Number of reportable segments \| item			4
Revenue
Revenue	$ 89,393	$ 79,350	$ 247,836	$ 215,807
Depreciation and amortization	12,842	12,335	37,752	36,517
Non-cash stock-based compensation	1,002	926	3,381	2,898
Operating income (loss)	28,158	20,038	66,014	48,023
Segment Assets
Net fixed assets	253,508		253,508		$ 254,632
Goodwill	45,077		45,077		45,077
Total assets	843,431		843,431		859,719
Capital Expenditures
Capital expenditures			41,699	55,171
U.S. Wireless
Revenue
Revenue	44,306	32,796	110,153	80,597
International wireless
Revenue
Revenue	21,557	22,895	67,127	66,162
Wireline
Revenue
Revenue	21,531	21,504	64,344	62,945
Equipment and other
Revenue
Revenue	1,999	2,155	6,212	6,103
Reconciling Items
Revenue
Depreciation and amortization	999	378	2,899	965
Non-cash stock-based compensation	1,002	926	3,381	2,898
Operating income (loss)	(6,252)	(8,320)	(18,804)	(18,485)
Segment Assets
Net fixed assets	13,156		13,156		6,731
Total assets	342,677		342,677		390,944
Capital Expenditures
Capital expenditures			2,096	3,151
U.S. Wireless \| Discontinued operations
Segment Assets
Total assets	73,492		73,492		4,748
U.S. Wireless \| Operating segments
Revenue
Revenue	44,736	33,057	111,273	81,367
Depreciation and amortization	3,657	4,039	10,413	12,119
Operating income (loss)	27,585	18,293	63,826	40,472
Segment Assets
Net fixed assets	75,930		75,930		73,592
Goodwill	32,148		32,148		32,148
Total assets	178,208		178,208		151,094
Capital Expenditures
Capital expenditures			26,496	27,736
U.S. Wireless \| Operating segments \| U.S. Wireless
Revenue
Revenue	44,306	32,796	110,153	80,597
U.S. Wireless \| Operating segments \| Wireline
Revenue
Revenue	152	152	457	457
U.S. Wireless \| Operating segments \| Equipment and other
Revenue
Revenue	278	109	663	313
International Integrated Telephony \| Operating segments
Revenue
Revenue	21,831	23,074	65,026	67,974
Depreciation and amortization	4,397	4,551	13,111	13,476
Operating income (loss)	5,065	7,028	15,293	19,596
Segment Assets
Net fixed assets	110,870		110,870		118,917
Total assets	200,770		200,770		197,903
Capital Expenditures
Capital expenditures			6,816	9,039
International Integrated Telephony \| Operating segments \| International wireless
Revenue
Revenue	6,399	7,046	20,054	20,330
International Integrated Telephony \| Operating segments \| Wireline
Revenue
Revenue	15,249	15,640	44,399	46,493
International Integrated Telephony \| Operating segments \| Equipment and other
Revenue
Revenue	183	388	573	1,151
Island Wireless \| Operating segments
Revenue
Revenue	16,627	17,443	51,855	50,300
Depreciation and amortization	2,596	2,551	7,810	7,705
Operating income (loss)	2,231	3,292	8,210	7,226
Segment Assets
Net fixed assets	26,622		26,622		29,310
Goodwill	5,438		5,438		5,438
Total assets	78,417		78,417		74,427
Capital Expenditures
Capital expenditures			3,966	4,014
Island Wireless \| Operating segments \| International wireless
Revenue
Revenue	15,158	15,849	47,073	45,832
Island Wireless \| Operating segments \| Equipment and other
Revenue
Revenue	1,469	1,594	4,782	4,468
U.S. Wireline \| Operating segments
Revenue
Revenue	6,199	5,776	19,682	16,166
Depreciation and amortization	1,193	816	3,519	2,252
Operating income (loss)	(471)	(255)	(2,511)	(786)
Segment Assets
Net fixed assets	26,930		26,930		26,082
Goodwill	7,491		7,491		7,491
Total assets	43,359		43,359		$ 45,351
Capital Expenditures
Capital expenditures			2,325	11,231
U.S. Wireline \| Operating segments \| Wireline
Revenue
Revenue	6,130	5,712	19,488	15,995
U.S. Wireline \| Operating segments \| Equipment and other
Revenue
Revenue	$ 69	$ 64	$ 194	$ 171

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	Jul. 31, 2014	Jan. 15, 2014
COMMITMENTS AND CONTINGENCIES
Renewal fee of telecommunications license		$ 4.0
Amount of overdue spectrum fees demanded by the government of Aruba be paid by July 31, 2014	$ 2.0