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Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Dec. 31, 2014	Mar. 16, 2015	Jun. 30, 2014
Document and Entity Information
Entity Registrant Name	ATLANTIC TELE NETWORK INC /DE
Entity Central Index Key	0000879585
Document Type	10-K
Document Period End Date	Dec. 31, 2014
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 644
Entity Common Stock, Shares Outstanding		15,931,498
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Current Assets:
Cash and cash equivalents	$ 326,216	$ 356,607
Restricted cash	39,703	39,000
Accounts receivable, net of allowances of $9.7 million and $11.3 million, respectively	52,873	37,680
Materials and supplies	10,546	7,269
Deferred income taxes	2,588	1,994
Prepayments and other current assets	19,273	24,705
Assets of discontinued operations	175	4,748
Total current assets	451,374	472,003
Fixed Assets:
Property, plant and equipment	763,417	606,912
Less: accumulated depreciation	(393,835)	(352,280)
Net fixed assets	369,582	254,632
Telecommunication licenses	44,090	39,687
Goodwill	45,077	45,077
Trade name license, net	417	417
Customer relationships, net	1,496	1,807
Restricted cash	5,475	39,000
Other assets	7,519	7,096
Total assets	925,030	859,719
Current Liabilities:
Current portion of long-term debt	6,083
Accounts payable and accrued liabilities	61,737	41,709
Dividends payable	4,631	4,279
Accrued taxes	5,667	36,081
Advance payments and deposits	7,898	8,327
Deferred income taxes	213	1,601
Other current liabilities	16,593	17,889
Liabilities of discontinued operations	1,247	11,187
Total current liabilities	104,069	121,073
Deferred income taxes	30,366	26,007
Other liabilities	19,619	12,784
Long-term debt, excluding current portion	32,794
Total liabilities	186,848	159,864
Commitments and contingencies (Note 14)
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 16,647,334 shares issued, respectively, and 15,816,189 and 15,925,748 hares outstanding, respectively	166	164
Treasury stock, at cost; 678,793 and 721,586 shares, respectively	(15,549)	(13,389)
Additional paid-in capital	145,563	139,106
Retained earnings	549,963	519,651
Accumulated other comprehensive loss	(2,921)	(2,202)
Total Atlantic Tele-Network, Inc. stockholders' equity	677,222	643,330
Non-controlling interests	60,960	56,525
Total equity	738,182	699,855
Total liabilities and equity	$ 925,030	$ 859,719

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowances (in dollars)	$ 11,344	$ 9,746
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	16,647,334	16,494,982
Common stock, shares outstanding	15,925,748	15,816,189
Treasury stock, shares	721,586	678,793

CONSOLIDATED INCOME STATEMENTS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
REVENUE:
Total revenue	$ 336,347	$ 292,835	$ 277,796
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):
Termination and access fees	64,177	55,747	56,814
Engineering and operations	40,269	38,904	40,018
Sales and marketing	20,994	17,757	18,981
Equipment expense	13,290	12,876	13,381
General and administrative	57,848	53,093	49,625
Transaction-related charges	2,959	2,712	7
Depreciation and amortization	51,234	48,737	50,587
Impairment of intangible assets			3,350
Gain on disposition of long-lived assets		(1,076)	(11,605)
Total operating expenses	250,771	228,750	221,158
Income from operations	85,576	64,085	56,638
OTHER INCOME (EXPENSE)
Interest expense, net	(420)	(11,933)	(13,709)
Loss on interest rate derivative contracts		(5,408)
Other income (expense), net	1,012	(271)	1,867
Other income (expense), net	592	(17,612)	(11,842)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	86,168	46,473	44,796
Income taxes	28,148	9,536	20,831
INCOME FROM CONTINUING OPERATIONS	58,020	36,937	23,965
Income from discontinued operations, net of tax		5,166	29,202
Gain on sale of discontinued operations, net of tax	1,102	307,102
Income from discontinued operations, net of tax	1,102	312,268	29,202
NET INCOME	59,122	349,205	53,167
Net income attributable to non-controlling interests, net of tax:
Continuing operations	(10,970)	(7,989)	(3,145)
Discontinued operations		(601)	(1,090)
Disposal gain on sale of discontinued operations		(28,899)
Net income attributable to non-controlling interests, net of tax	(10,970)	(37,489)	(4,235)
NET INCOME ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS	$ 48,152	$ 311,716	$ 48,932
NET INCOME PER WEIGHTED AVERAGE BASIC SHARE ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS:
Continuing operations (in dollars per share)	$ 2.96	$ 1.84	$ 1.34
Discontinued operations:
Discontinued operations (in dollars per share)		0.29	1.81
Gain on sale of discontinued operations (in dollars per share)	0.07	17.72
Total discontinued operations (in dollars per share)	0.07	18.01	1.81
Total (in dollars per share)	3.03	19.85	3.15
NET INCOME PER WEIGHTED AVERAGE DILUTED SHARE ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS:
Continued operations (in dollars per share)	2.94	1.83	1.33
Discontinued operations:
Discontinued operations (in dollars per share)		0.29	1.80
Gain on sale of discontinued operations (in dollars per share)	0.07	17.59
Total discontinued operations (in dollars per share)	0.07	17.88	1.80
Total (in dollars per share)	$ 3.01	$ 19.71	$ 3.13
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)	15,898	15,704	15,531
Diluted (in shares)	16,013	15,817	15,619
DIVIDENDS PER SHARE APPLICABLE TO COMMON STOCK (in dollars per share)	$ 1.12	$ 1.04	$ 0.96
U.S. Wireless
REVENUE:
Total revenue	$ 153,040	$ 107,930	$ 102,817
International wireless
REVENUE:
Total revenue	88,650	91,432	81,463
Wireline
REVENUE:
Total revenue	85,284	84,585	85,524
Equipment and other
REVENUE:
Total revenue	$ 9,373	$ 8,888	$ 7,992

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 59,122	$ 349,205	$ 53,167
Other comprehensive income:
Foreign currency translation adjustment	4	(259)
Projected pension benefit obligation, net of tax expense (benefit) of $(1.2) million, $0.2 million and $0.6 million	(724)	(631)	1,395
Unrealized gain on interest rate swap, net of tax expense (benefit) of (0.1) million and $(3.6) million		6,985	207
Other comprehensive (loss) income, net of tax	(720)	6,095	1,602
Comprehensive income	58,402	355,300	54,769
Less: Comprehensive income attributable to non-controlling interests	(10,970)	(37,489)	(4,235)
Comprehensive income attributable to Atlantic Tele-Network, Inc.	$ 47,432	$ 317,811	$ 50,534

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Projected pension benefit obligation, tax expense (benefit)	$ 0.2	$ (1.2)
Unrealized gain on interest rate swap, tax expense	$ (3.6)	$ (0.1)

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Atlantic Tele-Network, Inc.	Common Stock	Treasury Stock, at cost	Additional Paid In Capital	Retained Earnings	Accumulated Other Comprehensive Income/(Loss)	Non-Controlling Interests	Total
Equity, beginning of period at Dec. 31, 2011	$ 294,266	$ 160	$ (4,942)	$ 118,620	$ 190,327	$ (9,899)	$ 58,264	$ 352,530
Increase (Decrease) in Stockholders' Equity
Issuance of 109,318, 100,902 and 72,083 restricted shares of common stock for the years ended December 31, 2014, 2013 and 2012, respectively								0
Issuance of 43,034, 303,536 and 62,575 shares of common stock upon exercise of stock options for the years ended December 31, 2014, 2013 and 2012, respectively	1,452			1,452				1,452
Purchase of 34,293, 163,222 and 9,175 shares of common stock for the years ended December 31, 2014, 2013 and 2012, respectively	(344)		(344)					(344)
Stock-based compensation	3,543			3,543				3,543
Dividends declared on common stock	(14,943)				(14,943)		(3,389)	(18,332)
Excess tax benefits from share-based compensation	(362)			(362)				(362)
Non-controlling interest in equity acquired							(77)	(77)
Investments made by minority shareholders							1,061	1,061
Comprehensive income:
Net income (loss)	48,932				48,932		4,235	53,167
Other comprehensive income, net of tax expense (benefit) of $641, $2,316, and $1,315 for the years ended December 31, 2014, 2013 and 2012, respectively	1,602					1,602		1,602
Comprehensive income	50,534						4,235	54,769
Equity, end of period at Dec. 31, 2012	334,146	160	(5,286)	123,253	224,316	(8,297)	60,094	394,240
Increase (Decrease) in Stockholders' Equity
Issuance of 109,318, 100,902 and 72,083 restricted shares of common stock for the years ended December 31, 2014, 2013 and 2012, respectively								0
Issuance of 43,034, 303,536 and 62,575 shares of common stock upon exercise of stock options for the years ended December 31, 2014, 2013 and 2012, respectively	9,302	4		9,298				9,302
Purchase of 34,293, 163,222 and 9,175 shares of common stock for the years ended December 31, 2014, 2013 and 2012, respectively	(8,103)		(8,103)					(8,103)
Stock-based compensation	4,454			4,454				4,454
Dividends declared on common stock	(16,381)				(16,381)		(27,832)	(44,213)
Excess tax benefits from share-based compensation	2,101			2,101				2,101
Investments made by minority shareholders							407	407
Sale of non-controlling interest							(13,633)	(13,633)
Comprehensive income:
Net income (loss)	311,716				311,716		37,489	349,205
Other comprehensive income, net of tax expense (benefit) of $641, $2,316, and $1,315 for the years ended December 31, 2014, 2013 and 2012, respectively	6,095					6,095		6,095
Comprehensive income	317,811						37,489	355,300
Equity, end of period at Dec. 31, 2013	643,330	164	(13,389)	139,106	519,651	(2,202)	56,525	699,855
Increase (Decrease) in Stockholders' Equity
Issuance of 109,318, 100,902 and 72,083 restricted shares of common stock for the years ended December 31, 2014, 2013 and 2012, respectively								0
Issuance of 43,034, 303,536 and 62,575 shares of common stock upon exercise of stock options for the years ended December 31, 2014, 2013 and 2012, respectively	1,623	2		1,621				1,623
Purchase of 34,293, 163,222 and 9,175 shares of common stock for the years ended December 31, 2014, 2013 and 2012, respectively	(2,160)		(2,160)					(2,160)
Stock-based compensation	4,324			4,324				4,324
Dividends declared on common stock	(17,840)				(17,840)		(16,331)	(34,171)
Excess tax benefits from share-based compensation	513			513				513
Investments made by minority shareholders							9,796	9,796
Comprehensive income:
Net income (loss)	48,152				48,152		10,970	59,122
Other comprehensive income, net of tax expense (benefit) of $641, $2,316, and $1,315 for the years ended December 31, 2014, 2013 and 2012, respectively	(720)					(720)		(720)
Comprehensive income	47,432						10,970	58,402
Equity, end of period at Dec. 31, 2014	$ 677,222	$ 166	$ (15,549)	$ 145,563	$ 549,963	$ (2,921)	$ 60,960	$ 738,182

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CONSOLIDATED STATEMENTS OF EQUITY
Issuance of restricted shares of common stock	109,318	100,902	72,083
Issuance of shares of common stock upon exercise of stock options	43,034	303,536	62,575
Purchase of shares of common stock	34,293	163,222	9,175
Other comprehensive income before reclassifications, tax	$ 641	$ 2,316	$ 1,315

CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 59,122	$ 349,205	$ 53,167
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization	51,234	48,737	50,587
Provision for doubtful accounts	1,676	1,163	1,494
Amortization and write off of debt discount and debt issuance costs	114	6,681	2,388
Stock-based compensation	4,323	4,454	3,323
Loss on interest rate derivative contracts		5,408
Deferred income taxes	(113)	(4,849)	2,502
Income from discontinued operations		(5,166)	(29,202)
Gain on disposition of long-lived assets		(1,076)	(11,605)
Impairment of intangibles			3,350
Gain on sale of discontinued operations	(1,102)	(307,102)
Changes in operating assets and liabilities, excluding the effects of acquisitions:
Accounts receivable, net	(15,264)	2,233	(1,951)
Materials and supplies, prepayments, and other current assets	(4,817)	(17,117)	(700)
Income tax receivable	(2,620)	14,251	11,545
Accounts payable and accrued liabilities, advance payments and deposits and other current liabilities	7,629	10,472	(4,404)
Accrued taxes	(15,650)	(242,696)	26,416
Other	(1,833)	4,006	7,974
Net cash provided by (used in) operating activities of continuing operations	82,699	(131,396)	114,884
Net cash provided by operating activities of discontinued operations	(4,719)	19,394	72,587
Net cash provided by operating activities	77,980	(112,002)	187,471
Cash flows from investing activities:
Capital expenditures	(58,300)	(69,316)	(42,154)
Acquisition of business, net of acquired cash of $6,571	(50,361)
Restricted cash acquired from acquisition of businesses	(5,884)
Net proceeds from sale of assets	1,371
Change in restricted cash	38,707
Proceeds from disposition of long-lived assets		1,500	15,163
Net cash used in investing activities of continuing operations	(74,467)	(67,816)	(26,991)
Net cash provided by (used in) investing activities of discontinued operations, net		710,934	(35,267)
Net cash provided by (used in) investing activities	(74,467)	643,118	(62,258)
Cash flows from financing activities:
Dividends paid on common stock	(17,488)	(12,096)	(18,491)
Distribution to minority stockholders	(16,331)	(26,155)	(2,458)
Payment of debt issuance costs	(1,945)	(12)	(3,564)
Proceeds from stock option exercises	1,129	2,669	1,452
Principal repayments of term loan		(272,137)	(260,793)
Principal repayments of revolver loan			(74,534)
Purchases of common stock	(1,665)	(1,473)	(344)
Investments made by minority shareholders in consolidated affiliates	2,500	408	1,061
Proceeds from borrowings under term loan			275,000
Proceeds from borrowings under revolver loan			46,378
Repurchase of non-controlling interests	(104)		(77)
Net cash used in financing activities of continuing operations	(33,904)	(308,796)	(36,370)
Net cash used in financing activities of discontinued operations, net		(1,678)	(931)
Net cash used in financing activities	(33,904)	(310,474)	(37,301)
Effect of foreign currency exchange rates on cash and cash equivalents		(682)
Net change in cash and cash equivalents	(30,391)	219,960	87,912
Cash and cash equivalents, beginning of year	356,607	136,647	48,735
Cash and cash equivalents, end of year	326,216	356,607	136,647
Supplemental cash flow information:
Interest paid	2,930	4,857	14,388
Taxes paid, net	48,349	256,819	8,841
Dividends declared, not paid	$ 4,618	$ 4,285	$ 3,548

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parantheticals) $ in Thousands	12 Months Ended
	Dec. 31, 2014 USD ($)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Cash acquired from acquisition	$ 6,571

ORGANIZATION AND BUSINESS OPERATIONS

12 Months Ended

Dec. 31, 2014

ORGANIZATION AND BUSINESS OPERATIONS

ORGANIZATION AND BUSINESS OPERATIONS

1. ORGANIZATION AND BUSINESS OPERATIONS

The Company is a holding company that, through its operating subsidiaries, (i) provides wireless and wireline telecommunications services in North America, Bermuda and the Caribbean, (ii) owns and operates commercial distributed generation solar power systems in the United States, and (iii) owns and operates terrestrial and submarine fiber optic transport systems in the United States and the Caribbean, respectively.

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 United States. The Company also offers wireless voice and data services to retail customers in Guyana, Bermuda, and in other smaller markets in the Caribbean and 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 and wholesale transport services to enterprise and residential customers in New England, primarily in Vermont, and in New York State. In addition, the Company offers wholesale long-distance voice services to telecommunications carriers.
•	Renewable Energy. In the United States, the Company provides distributed generation solar power to corporate, utility and municipal customers in Massachusetts, California and New Jersey.

The following chart summarizes the operating activities of the Company's principal subsidiaries, the segments in which it reports its revenue and the markets it served as of December 31, 2014:

Services	Segment	Markets	Tradenames
Wireless	U.S. Wireless	United States (rural markets)	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
	U.S. Wireline	United States (New England and New York State)	Sovernet, ION, Essextel
Renewable Energy	Renewable Energy	United States (Massachusetts, California and New Jersey)	Ahana Renewables

The Company is actively evaluating potential acquisitions, investment opportunities and 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 16 to the Consolidated Financial Statements.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

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 ("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 year ended December 31, 2014, the Company recognized approximately $0.7 million in general and administrative expenses to correct for an understatement of transactional tax liabilities generated during 2013 and $1.1 million in other income to correct for an understatement of foreign exchange gains generated during 2013. The Company determined that the impact of these errors was not material, individually or in the aggregate, to the current or any prior period financial statements.

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 for approximately $780.0 million in cash plus $16.8 million in working capital. 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 and recorded a gain of approximately $307.1 million during the year ended December 31, 2013 and $1.1 million during the year ended December 31, 2014.

The operations of the Alltel business, which were previously included in the Company's U.S. Wireless segment, have been classified as discontinued operations in all periods presented. The gain on the sale of the Alltel business is also included in discontinued operations. See Note 4 for additional information. Unless indicated otherwise, the information in the Notes to the Consolidated Financial Statements relates only to our continuing operations.

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, the gain on sale of discontinued operations and income taxes. Actual results could differ significantly from those estimates.

Cash and Cash Equivalents

The Company considers all investments with an original maturity of three months or less at date of purchase to be cash equivalents. The Company places its cash and temporary investments with banks and other institutions that it believes have a high credit quality. At December 31, 2014, the Company had deposits with banks in excess of FDIC insured limits and $88.2 million of its cash is on deposit with non-insured institutions such as corporate money market issuers and cash held in foreign banks. The Company's cash and cash equivalents are not subject to any restrictions (see Note 8). As of December 31, 2013 and 2014, the Company held $36.9 million and $57.0 million, respectively, of its cash in Guyanese dollars. While there are risks associated with the conversion of Guyana dollars to U.S. dollars due to limited liquidity in the Guyana foreign currency markets, to date it has not prevented the Company from converting Guyana dollars into U.S. dollars within a given three month period or from converting at a price that reasonably approximates the reported exchange rate.

Allowance for Doubtful Accounts

The Company maintains an allowance for doubtful accounts for the estimated probable losses on uncollectible accounts receivable. The allowance is based upon a number of factors including the credit worthiness of customers, the Company's historical experience with customers, the age of the receivable and current market and economic conditions. Such factors are reviewed and updated by the Company on a quarterly basis. Uncollectible amounts are charged against the allowance account.

Materials and Supplies

Materials and supplies primarily include handsets, customer premise equipment, cables and poles and are recorded at the lower of cost or market cost being determined on the basis of specific identification and market determined using replacement cost.

Fixed Assets

The Company's fixed assets are recorded at cost and depreciated using the straight-line method generally between 3 and 39 years. Expenditures for major renewals and betterments that extend the useful lives of fixed assets are capitalized. Repairs and replacements of minor items of property are charged to maintenance expense as incurred. The cost of fixed assets in service and under construction includes an allocation of indirect costs applicable to construction. Grants received for the construction of assets are recognized as a reduction of the cost of fixed assets, a reduction of depreciation expense over the useful lives of the assets and as a reduction of capital expenditures in the statements of cash flows.

The fair value of a liability for an asset retirement obligation is recorded in the period in which it is incurred if a reasonable estimate of fair value can be made. In periods subsequent to initial measurement, period-to-period changes in the liability for an asset retirement obligation resulting from the passage of time and revisions to either the timing or the amount of the original estimate of undiscounted cash flows are recognized. The increase in the carrying value of the associated long-lived asset is depreciated over the corresponding estimated economic life. The consolidated balance sheets include accruals of $2.2 million and $2.7 million as of December 31, 2013 and 2014, respectively, for estimated costs associated with asset retirement obligations.

In accordance with the authoritative guidance for the accounting for the impairment or disposal of long-lived assets, the Company evaluates the carrying value of long-lived assets, including property and equipment, in relation to the operating performance and future undiscounted cash flows of the underlying business whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment loss exists when estimated undiscounted cash flows attributable to an asset are less than its carrying amount. If an asset is deemed to be impaired, the amount of the impairment loss recognized represents the excess of the asset's carrying value as compared to its estimated fair value, based on management's assumptions and projections.

Management's estimate of the future cash flows attributable to its long-lived assets and the fair value of its businesses involve significant uncertainty. Those estimates are based on management's assumptions of future results, growth trends and industry conditions. If those estimates are not met, the Company could have additional impairment charges in the future, and the amounts may be material.

The Company determined that there was no impairment of its fixed assets in any of the three years ending December 31, 2014.

Goodwill and Indefinite-Lived Intangible Assets

Goodwill is the amount by which the cost of acquired net assets exceeded the fair value of those net assets on the date of acquisition. The Company allocates goodwill to reporting units at the time of acquisition and bases that allocation on which reporting units will benefit from the acquired assets and liabilities. Reporting units are defined as operating segments or one level below an operating segment, referred to as a component. The Company has determined that its reporting units are components of its multiple operating segments. The Company assesses goodwill for impairment on an annual basis in the fourth quarter or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. If the book value of a reporting unit exceeds its fair value, the implied fair value of goodwill is compared with the carrying amount of goodwill. If the carrying amount of goodwill exceeds the implied fair value, an impairment loss is recorded equal to that excess.

A significant majority of the Company's telecommunications licenses are not amortized and are carried at their historical costs. The Company believes that telecommunications licenses generally have an indefinite life based on the historical ability to renew such licenses, that such renewals may be obtained indefinitely and at little cost, and that the related technology used is not expected to be replaced in the foreseeable future. The Company has elected to perform its annual testing of its telecommunications licenses in the fourth quarter of each fiscal year, or more often if events or circumstances indicate that there may be impairment. If the value of these assets were impaired by some factor, such as an adverse change in the subsidiary's operating market, the Company may be required to record an impairment charge. The impairment test consists of a comparison of the fair value of telecommunications licenses with their carrying amount on a license by license basis and as a part of the test the Company assesses the appropriateness of the application of the indefinite-lived assertion.

As of December 31, 2013 and 2014, the Company performed its annual impairment assessment of its goodwill and indefinite-lived intangible assets (telecommunications licenses) and determined that no impairment charge was required. See Note 7 for further details.

Intangible Assets

Intangible assets resulting from the acquisitions of entities accounted for using the purchase method of accounting are estimated by management based on the fair value of assets acquired. These include acquired customer relationships and trade names. Customer relationships are amortized over their estimated lives of 12 years, which are based on the pattern in which economic benefit of the customer relationship is estimated to be realized.

Interest Rate Derivatives

As required by the authoritative guidance on accounting for derivative instruments and hedging activities, the Company recorded all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.

Risk Management Objective of Using Derivatives

The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company managed economic risks related to interest rates primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company entered into derivative financial instruments to manage exposures that arose from business activities that resulted in the payment of future known and uncertain cash amounts, the value of which were determined by interest rates. The Company's derivative financial instruments were used to manage differences in the amount, timing, and duration of its known or expected cash payments principally related to the Company's borrowings. As a result of the repayment of its variable rate debt on September 20, 2013, the Company terminated its derivative financial instruments during 2013. See Note 9 for further details.

Debt

Debt is measured at amortized cost. Debt discounts, representing the difference between the proceeds and the principal amount of debt, are amortized as interest expense in the consolidated income statements over the period of the debt on a straight-line basis, which approximates the effective interest method. Debt issuance costs are capitalized as part of other assets in the consolidated balance sheets and are amortized as interest expense in the consolidated income statements over the period of the debt on a straight-line basis, which approximates the effective interest method. Except for interest costs incurred for the construction of a qualifying asset which are capitalized during the period the assets are prepared for their intended use, interest costs are expensed.

Non-Controlling Interests

The non-controlling interests in the accompanying consolidated balance sheets reflect the original investments by the minority stockholders in GT&T, Commnet's consolidated subsidiaries, Bermuda Digital Communications, Islandcom, Sovernet and its consolidated subsidiaries and Ahana Renewables, along with their proportional share of the earnings or losses, net of any distributions.

Changes in Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss), by component, were as follows (in thousands):

	Interest Rate Derivative Agreements			Projected Pension Benefit Obligation			Translation Adjustment			Total
Balance at December 31, 2012	$	(6,985	)	$	(1,318	)	$	6		$	(8,297	)
Adjust funded status of pension plan, net of tax of $0.2 million		—			(631	)		—			(631	)
Foreign currency translation adjustment		—			—			(259	)		(259	)
Other comprehensive income before reclassifications, net of taxes of $2.3 million		3,753			—			—			3,753
Amounts reclassified from accumulated other comprehensive income, net of taxes of $2.0 million		3,232			—			—			3,232

Balance at December 31, 2013		—			(1,949	)		(253	)		(2,202	)
Adjust funded status of pension plan, net of tax of $0.6 million		—			(723	)		—			(723	)
Foreign currency translation adjustment		—			—			4			4

Balance at December 31, 2014	$	—		$	(2,672	)	$	(249	)	$	(2,921	)

Revenue Recognition—Telecommunications

Service revenues are primarily derived from providing access to and usage of the Company's networks and facilities. Access revenues from postpaid customers are generally billed one month in advance and are recognized over the period that the corresponding service is rendered to customers. Revenues derived from usage of the Company's networks, including airtime, roaming, long-distance and Universal Service Fund revenues, are recognized when the services are provided and are included in unbilled revenues until billed to the customer. Prepaid airtime sold to customers is recorded as deferred revenue prior to the commencement of services and is recognized when the airtime is used or expires. The Company offers enhanced services including caller identification, call waiting, call forwarding, three-way calling, voice mail, and text and picture messaging, as well as downloadable wireless data applications, including ringtones, music, games, and other informational content. Generally, these enhanced features generate additional service revenues through monthly subscription fees or increased usage through utilization of the features. Other optional services such as roadside assistance and other equipment protection plans may also be provided for a monthly fee and are either sold separately or bundled and included in packaged rate plans. Revenues from enhanced features and optional services are recognized when earned. Access and usage-based services are billed throughout the month based on the bill cycle assigned to a particular customer. As a result of billing cycle cut-off times, management must estimate service revenues earned but not yet billed at the end of each reporting period.

Sales of communications products including wireless handsets and accessories represent a separate earnings process and are recognized when the products are delivered to and accepted by customers. The Company accounts for transactions involving both the activation of service and the sale of equipment in accordance with the authoritative guidance for the accounting for revenue arrangements with multiple deliverables. Fees assessed to communications customers to activate service are not a separate unit of accounting and are allocated to the delivered item (equipment) and recognized as product sales to the extent that the aggregate proceeds received from the customer for the equipment and activation fee do not exceed the relative fair value of the equipment.

Wholesale revenues are those revenues generated from providing voice or data services to the customers of other wireless carriers principally through "roaming" agreements, and the revenue is recognized over the period that the service is rendered to customers.

Sales and use and state excise taxes collected from customers that are remitted to the governmental authorities are reported on a net basis and excluded from the revenues and sales.

Revenue Recognition—Renewable Energy

Revenue from the Company's Renewable Energy segment is generated from the sale of electricity through long-term power purchase agreements ("PPA's") with various customers, or hosts, that range from 10 to 25 years. The Company, which is required to sell all generated power to the hosts, recognizes revenue from the PPA's as electricity is generated and sold at contractual rates as defined within the respective PPA.

The Company's Renewable Energy segment also generates revenue from the sale of Solar Renewable Energy Credits ("SRECs"). Revenue is recognized as SRECs are sold through long-term purchase agreeements at the contractual rate specified in the agreement.

Accounting for Grants

The Company has received funding from the U.S. Government and its agencies under Stimulus and Universal Service Fund programs. These funding programs are generally designed to fund telecommunications infrastructure expansion into rural or underserved areas of the United States. The funding programs are evaluated to determine if they represent funding related to capital expenditures (capital grants) or operating activities (income grants).

Funding received from Stimulus programs is on a cost-reimbursement basis for capital expenditures incurred by the Company to expand its network and is considered a capital grant. Accordingly, reimbursements for eligible expenditures under the Stimulus programs are recorded as a reduction to property, plant and equipment on the Company's consolidated balance sheets, an investing cash inflow and a future reduction in depreciation expense in the consolidated income statements. The depreciable period for the grant is commensurate with the related assets which typically range from 5 to 20 years. As of December 31, 2014, the Company has spent $92.5 million in capital expenditures of which $67.0 million has been or will be funded by the Stimulus programs. Accordingly, funding received for capital expenditures from the Stimulus Programs is recorded as a reduction to property, plant and equipment on the Company's consolidated balance sheets, an investing cash inflow within capital expenditures and a future reduction in depreciation expense in the consolidated income statements. Funding received for operating costs is recorded as a reduction to the Company's operating expenses in its consolidated statements of income and an operating cash inflow.

Funding received from Universal Service Fund programs is received over time for operating the Company's network in certain rural geographical areas and is considered an income grant. Accordingly, such funding is recognized as operating cash inflows. Once services are provided, revenue is recognized in the Company's consolidated income statements. During the year ended December 31, 2013 and December 31, 2014 the Company received approximately $2.4 million and $3.9 million, respectively, from the Universal Service Fund programs. Of these amounts, $1.6 million and $1.3 million for the years ended December 31, 2013 and December 31, 2014, respectively, were to support our U.S. Wireless business relating to high cost areas.

Funding received from the Mobility Fund, as further described in Note 10, is for the use of both capital expenditures and operating costs incurred by the Company. Accordingly, funding received for capital expenditures from the Mobility Fund is recorded as a reduction to property, plant and equipment on the Company's consolidated balance sheets, an investing cash inflow within capital expenditures and a future reduction in depreciation expense in the consolidated income statements. Funding received for operating costs is recorded as a reduction to the Company's operating expenses in its consolidated income statements and an operating cash inflow.

Compliance with grant requirements is reviewed as of December 31 of each year to ensure that conditions related to grants have been met and there is reasonable assurance that the Company will be able to retain the grant proceeds and to ensure that any contingencies that may arise from not meeting the conditions are appropriately recognized.

Income Taxes

The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

The Company recognizes deferred tax assets to the extent that the Company believes these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that it would be able to realize our deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.

The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related authority. It is possible that the ultimate resolution of these uncertain matters may be greater or less than the amount that the Company estimated. If payment of these amounts proves to be unnecessary, the reversal of the liabilities would result in tax benefits being recognized in the period in which it is determined that the liabilities are no longer necessary. If the estimate of tax liabilities proves to be more than the ultimate assessment, a further charge to expense would result.

The Company recognizes interest and penalties related to unrecognized tax benefits within the income tax expense line in the accompanying consolidated statements of operations. Accrued interest and penalties are included within the related tax liability line in the consolidated balance sheets.

The Company does not provide for United States income taxes on earnings of foreign subsidiaries as such earnings are considered to be indefinitely reinvested.

In September 2013, the U.S. Department of the Treasury and the Internal Revenue Service released final regulations relating to guidance on applying tax rules to amounts paid to acquire, produce or improve tangible personal property as well as rules for materials and supplies effective for tax years beginning on or after January 1, 2014. The Company has reviewed the regulations and has determined that its current method of accounting is appropriate under the regulations with no change required.

Credit Concentrations and Significant Customers

The Company has been historically dependent on a limited amount of customers for its wholesale roaming business. The following table indicates the percentage of revenues generated from a single customer that exceeds 10% of the Company's consolidated revenue in any of the past three years:

Customer	2012			2013			2014
Verizon		11	%		13	%		16	%
AT&T		20	%		18	%		26	%

No other customer accounted for more than 10% of consolidated revenue in any of the past three years.

The following table indicates the percentage of accounts receivable, from customers that exceed 10% of the Company's consolidated accounts receivable, net of allowances, as of December 31, 2013 and 2014:

Customer	2013			2014
AT&T		29	%		47	%
Verizon		10	%		7	%

Foreign Currency Gains and Losses

With regard to the Company's Guyana operations, for which the Guyanese dollar is the functional currency, foreign currency transaction gains and losses are included in determining net income. At each balance sheet date, balances denominated in foreign currencies are adjusted to reflect the current exchange rate. For 2012, the value of the Guyana dollar remained relatively constant at approximately G$205 to one U.S. dollar and, as a result, no foreign currency gains or losses were recorded. Beginning in 2013, the value increased to approximately G$210 to one U.S. Dollar. Accordingly, the Company recognized a nominal foreign currency loss during the year ended December 31, 2013 and $1.1 million gain on foreign currency exchanges during the year ended December 31, 2014. As of December 31, 2014, the exchange rate was G$210 to one U.S. Dollar.

Fair Value of Financial Instruments

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 1		Quoted 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 2		Observable 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 3		Unobservable 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 2014 are summarized as follows:

	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

	December 31, 2014
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Certificates of deposit	$	—	$	363	$	363
Money market funds	$	1,493	$	—	$	1,493

Total assets measured at fair value	$	1,493	$	363	$	1,856

Debt (Note 8)	$	—	$	38,877	$	38,877

Total liabilities measured at fair value	$	—	$	38,877	$	38,877

Certificate of Deposit

As of December 31, 2013 and December 31, 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 December 31, 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

Derivatives

The Company was exposed to certain risks arising from both its business operations and economic conditions. When deemed appropriate, the Company manages economic risks related to interest rates primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company entered into derivative financial instruments to manage exposures that arose from business activities that resulted in the payment of future known and uncertain cash amounts, the value of which were determined by interest rates. The Company's derivative financial instruments were used to manage differences in the amount, timing, and duration of its known or expected cash payments principally related to the Company's borrowings. The principal market in which the Company executes its foreign currency contracts is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants usually are large commercial banks.

Net Income Per Share

Basic net income per share is computed by dividing net income attributable to the Company's stockholders by the weighted-average number of common shares outstanding during the period and does not include any other potentially dilutive securities. Diluted net income per share gives effect to all potentially dilutive securities using the treasury stock method.

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

	For the Year Ended December 31,
	2012		2013		2014
Basic weighted-average common shares outstanding		15,531		15,704		15,898
Stock options		88		113		115

Diluted weighted-average common shares outstanding		15,619		15,817		16,013

The following notes the number of potential common shares not included in the above calculation because the effects of such were anti-dilutive (in thousands of shares):

	For the Year Ended December 31,
	2012		2013		2014
Stock options		367		61		—

Total		367		61		—

Stock-Based Compensation

The Company applies the fair value recognition provisions of the authoritative guidance for the accounting for stock-based compensation and is expensing the fair value of the grants of options to purchase common stock over their vesting period of four years. The Company has not granted options since 2012. Relating to grants of options, the Company recognized $1.8 million, $1.4 million and $0.9 million of non-cash, share-based compensation expense during 2012, 2013 and 2014, respectively. See Note 11 for assumptions used to calculate the fair value of the options granted.

The Company also issued 72,083 restricted shares of common stock in 2012; 100,902 restricted shares of common stock in 2013 and 109,318 restricted shares of common stock in 2014. These shares are being charged to income based upon their fair values over their vesting period of four years. Non-cash equity-based compensation expense, related to the vesting of restricted shares issued was $1.8 million, $3.1 million and $3.4 million in 2012, 2013 and 2014, respectively.

Stock-based compensation expense is recognized within general and administrative expenses within the consolidated income statements.

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 for reporting periods beginning after December 15, 2016, 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 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 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 consolidated financial statements.

ACQUISITIONS

12 Months Ended

Dec. 31, 2014

ACQUISITIONS

ACQUISITIONS

3. ACQUISITIONS

On December 24, 2014, the Company acquired substantially all of the assets of Green Lake Capital, LLC and certain of its affiliates (collectively, "Green Lake"), an owner and operator of commercial distributed generation solar power systems in Massachusetts, California and New Jersey (the "Ahana Acquisition"). The Company acquired these assets as part of a total transaction valued at approximately $117.7 million which is comprised of approximately $78.8 million of cash consideration and the assumption of $38.9 million of debt. The acquisition was performed through the Company's newly formed subsidiary, Ahana Renewables, LLC ("Ahana Renewables"). Certain subsidiaries of Ahana Renewables have been partially capitalized by a third-party tax equity investor. Profits and losses of these subsidiaries will be allocated 99% to the tax equity investor and 1% to the Company up until a certain date (the "Flip Date"), which is the later of a) the five-year anniversary of the placed in service date for the solar assets owned by the subsidiary or, b) the date that the tax equity investor receives a certain return on their original investment in that subsidiary. This date occurs approximate 2 - 4 years from the acquisition date. After the Flip Date, profits and losses of these subsidiaries will be allocated 5% to the tax equity investor and 95% to the Company, and Ahana Renewables has the option to buy-out the non-controlling interests at 10 - 15% of their initial contribution to Green Lake.

The Ahana Acquisition was accounted for using the purchase method, and Ahana Renewables' results of operations since December 24, 2014 have been included in the Company's new Renewable Energy segment as reported in Note 16. The total purchase consideration of $78.8 million cash was allocated to the assets acquired and liabilities assumed at their estimated fair values as of the date of acquisition as determined by management. The table below represents the preliminary assessment of the total acquisition cost to the net assets of Ahana Renewables based on their acquisition date fair values:

Total consideration	$	78,782


Purchase price allocation:
Cash		6,571
Other current assets		2,011
Plant and equipment		111,446
Restricted Cash		5,884
Current liabilities		(853	)
Long-Term debt		(38,877	)
Non-controlling interests		(7,400	)

Net assets acquired		78,782

The non-controlling interests were valued using an income approach which included the estimated cash flows to the non-controlling interests in the form of distributions and buy-outs. The cash flows were tax affected using a weighted average tax rate of 40% and were discounted at a rate of 11.75% to determine their acquisition date fair value.

The acquired plant and equipment is comprised of the commercial distributed solar power systems and was valued using an income approach. The assets were assigned an economic life of 25 years, and expected income from the assets was based forecast production and the related sale of energy and solar renewable energy credits, forecast operating expenses, net working capital requirements and tax expense from cash flows and benefits from depreciation of the acquired assets. Cash flows were discounted at an approximate 8% discount rate to determine the plant and equipment acquisition date fair value.

For the year ended December 31, 2014, the Ahana Acquisition accounted for $0.4 million of the Company's revenue and $2.5 million of the Company's transaction-related charges pertaining to legal, accounting and consulting services. If the acquisition had occurred at the beginning of the current financial reporting period, its impact on the historical revenue and earnings of the Company would not be material.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

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

12 Months Ended

Dec. 31, 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 LLC for approximately $780.0 million in cash plus $16.8 million in working capital. 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 and recorded a gain in 2013 of approximately $307.1 million calculated as follows (in thousands):

Proceeds:
Received			$	702,000
Escrowed				78,000
Working capital				16,828

Adjusted proceeds				796,828
Less: Net assets sold or impaired:
Assets sold or impaired:
Current assets	51,597
Property, plant and equipment, net	190,970
Telecommunications licenses	50,553
Other intangible assets	37,434
Other assets	13,202
Liabilities sold:
Current liabilities	(40,674	)
Other liabilities	(22,796	)

Net assets sold or impaired				280,286
Less: Transaction related costs				(13,517	)

Pre-tax gain				503,025
Less: Income taxes at effective rate				195,923

Net gain on sale			$	307,102

During 2014, the Company recognized an additional $1.1 of gain relating to changes in certain estimates.

The $796.8 million in cash proceeds included $78.0 million of cash held in a general indemnity escrow account. The Company recorded the $78.0 million as restricted cash on its December 31, 2013 balance sheet with $39.0 million classified as a current asset and the remaining $39.0 million classified as long-term based on the timing of the expected cash proceeds. Subject to the terms and conditions of the purchase agreement governing the sale between AT&T Mobility LLC and the Company, $39.0 million was released to the Company during 2014 with the remaining $39.0 million to be released in March 2015. As of December 31, 2014, the Company has recorded the $39.0 million of restricted cash, due to be released to the Company in 2015, as a current asset.

The Alltel trade name was not sold to AT&T Mobility LLC. Due to trade name assignment restrictions, and no planned use through continuing operations, the trade name was fully impaired. As a result, an impairment of $11.9 million was recorded as a part of the disposal and included in the 2013 net gain calculation.

Upon the sale, the Company recorded $28.9 million for the minority shareholders' interests in the sold operation which was based on the estimated final distribution to the minority shareholders. In 2013 and 2014, $18.9 million and $5.8 million, respectively, was distributed to minority shareholders. The Company has included $10.0 million and $4.5 million in non-controlling interests on its December 31, 2013 and 2014 balance sheet, respectively.

The Company has reclassified the assets, which include prepayments and other current assets, and liabilities, which include accounts payable and accrued liabilities, of its Alltel operations to assets of discontinued operations and liabilities of discontinued operations within its December 31, 2013 and December 31, 2014 balance sheets.

Revenues and income from discontinued operations related to the Alltel business for the years ended December 31, 2012 and 2013 were as follows (in thousands):

	Year Ended December 31,
	2012		2013
Revenue from discontinued operations	$	464,382	$	299,519
Income from discontinued operations, net of tax expense (benefit) of $13,816 and $2,512 respectively		29,202		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).

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+ Details

ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2014

ACCOUNTS RECEIVABLE:

ACCOUNTS RECEIVABLE:

5. ACCOUNTS RECEIVABLE:

As of December 31, 2013 and 2014, accounts receivable consist of the following (in thousands):

	2013			2014
Retail	$	19,833		$	21,367
Wholesale		27,539			41,245
Other		54			1,605

Accounts receivable		47,426			64,217
Less: allowance for doubtful accounts		(9,746	)		(11,344	)

Total accounts receivable, net	$	37,680		$	52,873

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

FIXED ASSETS

12 Months Ended

Dec. 31, 2014

FIXED ASSETS:

FIXED ASSETS:

6. FIXED ASSETS:

As of December 31, 2013 and 2014, property, plant and equipment consisted of the following (in thousands):

	Useful Life (in Years)		2013			2014
Telecommunications equipment and towers		5 - 15	$	471,265		$	514,814
Solar assets		20 - 23		—			111,446
Office and computer equipment		3 - 10		46,680			46,757
Buildings		15 - 39		18,002			18,079
Transportation vehicles		3 - 10		6,984			7,589
Leasehold improvements		Shorter of useful life or lease term		11,380			11,494
Land		—		1,162			1,146
Furniture and fixtures		5 - 10		5,778			8,110

Total plant in service				561,251			719,435
Construction in progress				45,661			43,982

Total property, plant, and equipment in service				606,912			763,417
Less: Accumulated depreciation				(352,280	)		(393,835	)

Net fixed assets			$	254,632			369,582

Depreciation and amortization of fixed assets, using the straight-line method over the assets' estimated useful life, for the years ended December 31, 2012, 2013 and 2014 was $50.0 million, $48.3 million and $50.3 million, respectively.

For the years ended December 31, 2012, 2013 and 2014, amounts of capital expenditures were offset by grants of $30.6 million, $31.6 million and $2.3 million, respectively.

GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2014

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

7. GOODWILL AND INTANGIBLE ASSETS

Goodwill

The Company tests goodwill for impairment on an annual basis, which has been determined to be as of December 31 of each fiscal year. The Company also tests goodwill between annual tests if an event occurs or circumstances change that indicate that the fair value of a reporting unit may be below its carrying value.

The Company employs both qualitative and quantitative tests of its goodwill. For some of the Company's reporting units, the Company performed a qualitative assessment on goodwill to determine whether a quantitative assessment was necessary and determined there were no indicators of potential impairment. For other reporting units the Company evaluated goodwill using a quantitative model. The quantitative test for goodwill impairment is determined using a two-step process. The first step involves a comparison of the estimated fair value of a reporting unit to its carrying amount, including goodwill. In performing the first step, the Company determines the fair value of a reporting unit using a discounted cash flow ("DCF") analysis. Determining fair value requires the exercise of significant judgment, including judgments about appropriate discount rates, perpetual growth rates, and the amount and timing of expected future cash flows. Discount rates are based on a weighted-average cost of capital ("WACC"), which represents the average rate a business must pay its providers of debt and equity. The cash flows employed in the DCF analysis were derived from internal earnings and forecasts and external market forecasts. If the estimated fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired and the second step of the impairment test is not necessary. If the carrying amount of a reporting unit exceeds its estimated fair value, then the second step of the goodwill impairment test must be performed.

The second step of our quantitative test for goodwill impairment compares the implied fair value of the reporting unit's goodwill with its carrying amount of goodwill to measure the amount of impairment loss, if any. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination, whereby the estimated fair value of the reporting unit is allocated to all of the assets and liabilities of that unit (including any unrecognized intangible assets) as if the reporting unit had been acquired in a business combination and the fair value of the reporting unit was the purchase price paid. If the carrying amount of the reporting unit's goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess.

The Company performed its annual impairment assessments of its goodwill as of December 31, 2013 and December 31, 2014 and determined that no impairment charges were required, as the fair value of each reporting unit exceeded its book value. Accordingly, there were no changes in the carrying amounts of goodwill during these years. With the exception of one reporting unit which had fair value 24% higher than its carrying value, all tests yielded a significant cushion. For this reporting unit, key dependencies in the assessment include the timing of a fiber-optic network build-out and customer migration to the network. Variations in the future could result in an impairment of some portion of the reporting unit's goodwill balance which is $7.5 million.

Telecommunications Licenses

The Company tests those telecommunications licenses that are indefinite lived for impairment on an annual basis, which has been determined to be as of December 31 of each fiscal year. The Company also tests telecommunication licenses that are indefinite lived between annual tests if an event occurs or circumstances change that indicate that the fair value of a reporting unit may be below its carrying value.

Indefinite lived telecommunications licenses are tested for impairment on a subsidiary by subsidiary basis using both quantitative and qualitative assessments. As of December 31, 2012 the Company performed a quantitative assessment using a discounted cash flow model (the Greenfield Approach). The Greenfield Approach assumes a company initially owns only the indefinite lived telecommunications licenses, and then makes investments required to build an operation comparable to the one that currently utilizes the licenses. The projected cash flows are based on certain financial factors, including revenue growth rates, margins, and churn rates.

This model then incorporates cash flow assumptions regarding investment in the network, development of distribution channels and the subscriber base, and other inputs for making the business operational. The Company based the assumptions, which underlie the development of the network, subscriber base and other critical inputs of the discounted cash flow model on a combination of average marketplace participant data and our historical results, trends and business plans. The Company also used operating metrics such as capital investment per subscriber, acquisition costs per subscriber, minutes of use per subscriber, etc., to the indefinite lived telecommunications licenses. The terminal value of the subsidiary, which incorporates an assumed sustainable growth rate, is also discounted and is likewise attributed to the indefinite lived licenses. We used a discount rate based on the optimal long-term capital structure of a market participant and its associated cost of debt and equity, to calculate the present value of the projected cash flows.

The Company performed its annual impairment assessment of its indefinite lived telecommunications licenses as of December 31, 2012, and it was determined that no impairment of any of the Company's telecommunications licenses existed during the year ended December 31, 2012 except for one of the Company's reporting units in the Island Wireless segment. The impairment arose from a culmination of factors arising from poor economic conditions in the geographic region which resulted in a fair value determination that was below the book value of the reporting unit's telecommunications license. As a result, the Company recorded a non-cash impairment charge of $3.4 million during the year ended December 31, 2012.

The Company performed a qualitative assessment for its annual impairment assessment of substantially all of its indefinite lived telecommunications licenses as of December 31, 2013 and 2014 and determined that there were no indications of potential impairments, except for one which was tested on a basis in line with the 2012 tests described above. No impairment was identified.

The changes in the carrying amount of the Company's telecommunications licenses, by operating segment, for the three years ended December 31, 2014 were as follows (in thousands):

	U.S. Wireless			U.S. Wireline		Island Wireless			Consolidated
Balance at December 31, 2012	$	20,106		$	31	$	19,768		$	39,905
Acquired licenses		186			—		—			186
Licenses sold		(404	)		—		—			(404	)

Balance at December 31, 2013		19,888			31		19,768			39,687
Acquired licenses		5,025			—		—			5,025
Amortization		—			—		(622	)		(622	)

Balance at December 31, 2014		24,913			31		19,146			44,090

The licenses acquired during 2013 and 2014 were acquired in all cash transactions from various parties and related to licenses expected to be available for use into perpetuity. The Company's Island Wireless segment is amortizing one of its telecommunications licenses through its expiration date of June 2020.

Customer Relationships

The customer relationships, all of which are included in the Island Wireless segment, are being amortized on an accelerated basis, over the expected period during which their economic benefits are to be realized. The Company recorded $0.4 million of amortization related to customer relationships during each of the three years ended December 31, 2014.

Future amortization of customer relationships, in our Island Wireless segment, is as follows (in thousands):

	Future Amortization
2015	$	343
2016		309
2017		276
2018		200
2019		145
Thereafter		223

Total	$	1,496

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

LONG-TERM DEBT	12 Months Ended
LONG-TERM DEBT	Dec. 31, 2014
LONG-TERM DEBT
LONG-TERM DEBT	8. LONG-TERM DEBT On May 18, 2012, the Company amended and restated its existing credit facility with CoBank, ACB and a syndicate of other lenders (the "Credit Facility") providing for $275.0 million in two term loans and a revolver loan of up to $100.0 million (which includes a $10.0 million swingline sub-facility) and the capacity for additional term loans up to an aggregate of $100.0 million, subject to lender approval. On June 17, 2013, the Company issued approximately $29.8 million in letters of credit to the Universal Service Administrative Company to secure a portion of the pending awards of approximately $68.8 million of Mobility Fund Grants to certain of its subsidiaries. In connection with the Company's Alltel Sale on September 20, 2013, it notified the FCC and USAC that it would no longer be eligible to perform under the terms and conditions of the Alltel Mobility Funds. At that time, USAC chose not to draw any amounts under the Company's letter of credit securing the Alltel Mobility Funds and the Company terminated $19.9 million in letters of credit on November 14, 2013. On September 20, 2013, the Company repaid the two term loans under its Credit Facility in full. The Company incurred nominal fees for the breakage of the term loans that were incurring interest at the London Interbank Offered Rate (LIBOR). In addition, the Company recorded approximately $4.7 million in interest expense during the year ended December 31, 2013 related to accelerated amortization of deferred financing costs associated with the term loans. Amounts the Company borrowed under the term loans bore interest through September 20, 2013 at a rate equal to, at its option, either (i) 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 the Company's indebtedness (as defined in the Credit Facility) to its EBITDA (as defined in the Amended Credit Facility). Amounts borrowed under the revolver loan bore 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 also paid 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 was payable in arrears on the last day of each calendar quarter. On December 19, 2014, the Company amended and restated the Credit Facility to provide for a $225 million revolving credit facility (the "Amended Credit Facility") that includes (i) up to $10 million under the Amended Credit Facility for standby or trade letters of credit, (ii) up to $25 million under the Amended Credit Facility for letters of credit that are necessary or desirable to qualify for disbursements from the FCC's mobility fund and (iii) up to $10 million under a swingline sub-facility. Amounts the Company may borrow under the Amended Credit Facility bear interest at a rate equal to, at its option, either (i) the London Interbank Offered Rate (LIBOR) plus an applicable margin ranging between 1.50% to 1.75% or (ii) a base rate plus an applicable margin ranging from 0.50% to 0.75%. Swingline loans will bear interest at the base rate plus the applicable margin for base rate loans. The base rate is equal to the higher of (i) 1.00% plus the higher of (x) the one-week LIBOR and (y) the one-month LIBOR; (ii) the federal funds effective rate (as defined in the Credit Agreement) plus 0.50% per annum; and (iii) the prime rate (as defined in the Credit Agreement). The applicable margin is determined based on the ratio (as further defined in the Amended Credit Agreement) of the Company's indebtedness to EBITDA. Under the terms of the Amended Credit Agreement, the Company must also pay a fee ranging from 0.175% to 0.250% of the average daily unused portion of the Amended Credit Facility over each calendar quarter. The Amended Credit Facility contains customary representations, warranties and covenants, including a financial covenant that imposes a maximum ration of indebtedness to EBITDA as well as 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 Amended Credit Facility contains a financial covenant by us that imposes a maximum ratio of indebtedness to EBITDA. As of December 31, 2014, the Company was in compliance with all of the financial covenants of the Amended Credit Facility. As of December 31, 2014, the Company had no borrowings under the Amended Credit Facility and approximately $10.6 million of outstanding letters of credit. Acquisition of Green Lake Capital, LLC In connection with the Ahana Acquisition on December 24, 2014, the Company assumed $38.9 million in long-term debt (the "Ahana Debt"). The Ahana Debt includes multiple loan agreements with banks that bear interest at rates between 4.5% and 6.0%, mature at various times between 2018 and 2023 and are secured by certain solar facilities. Repayment of the Ahana Debt with the banks is made on a monthly basis until maturity. The Ahana Debt also includes a loan from Public Service Electric & Gas (PSE&G). The note payable to PSE&G bears interest at 11.3%, matures in 2027, and is secured by certain solar facilities. Repayment of the Ahana Debt with PSE&G can be made in either cash or SRECs, at the Company's discretion, with the value of the SRECs being the current market value as of the date of repayment.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

12 Months Ended

Dec. 31, 2014

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

9. 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 a 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 designated and 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 and paid $5.4 million, the net fair value of those derivatives, to its counterparties. The Company recognized this amount as an expense during the year ended December 31, 2013 and as a separate line in the consolidated income statements.

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 year ended December 31, 2013 (in thousands):

Year Ended December 31,		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		$	764

- 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.

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+ Details

MOBILITY FUND GRANTS	12 Months Ended
MOBILITY FUND GRANTS	Dec. 31, 2014
MOBILITY FUND GRANTS
MOBILITY FUND GRANTS	10. 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 two new funds, including the Mobility Fund, 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 $47.0 million of Mobility Fund support to its Alltel business (the "Alltel Mobility Funds") and $21.7 million of Mobility Fund support to its wholesale wireless business (the "Wholesale Mobility Funds" and collectively with the Alltel Mobility Funds, 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 issued approximately $29.8 million in letters of credit to the Universal Service Administrative Company ("USAC") in June 2013 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. In connection with the Company's sale of its Alltel business on September 20, 2013, it notified the FCC and USAC that it would no longer be eligible to perform under the terms and conditions of the Alltel Mobility Funds. At that time, USAC chose not to draw any amounts under our letter of credit securing the Alltel Mobility Funds and the Company made a cash payment of approximately $4.6 million in penalty fees to USAC. The Company was reimbursed for these penalty fees by AT&T Mobility in January 2014. The Company terminated $19.9 million of letters of credit securing the Alltel Mobility Funds on November 13, 2013. The Company began the construction of its Wholesale Mobility Funds projects during the third quarter of 2013 and its results are included in the Company's "U.S. Wireless" segment. As of December 31, 2014, the Company has received approximately $7.3 million in Wholesale Mobility Funds. Of these funds, $1.2 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 $2.3 million is recorded within other current liabilities while the remaining $3.8 million is recorded within other long-term liabilities in the Company's consolidated balance sheet as of December 31, 2014. The balance sheet presentation is based on the timing of the expected usage of the funds which will reduce future operations expenses.

EQUITY

12 Months Ended

Dec. 31, 2014

EQUITY

EQUITY

11. EQUITY

Common Stock

The Company has paid quarterly dividends on its common stock since January 1999.

Treasury Stock

During 2012, 2013 and 2014, the Company repurchased the following shares from employees to satisfy tax withholding and stock options exercise obligations incurred in connection with the vesting of restricted stock awards and the exercise of stock options:

Year Ended December 31	Shares Repurchased		Aggregate Cost (in thousands)		Average Repurchase Price
2012		9,175	$	344	$	37.51
2013		163,222		8,103		49.64
2014		34,293		2,161		63.01

Stock-Based Compensation

The Company has 2,000,000 shares reserved for the grant of stock options, restricted stock, restricted stock units, stock equivalents and awards of shares of common stock that are not subject to restrictions or forfeiture.

Stock Options

Stock options have a term of ten years and vest annually and ratably over a period of four years.

The following table summarizes stock option activity for the years ended December 31, 2013 and 2014:

Year Ended December 31, 2013
	Number of Options			Weighted Avg. Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2013		720,448		$	34.31
Exercised		(303,536	)		30.64
Forfeited—Vested		(11,625	)		46.01
Forfeited—Unvested		(4,000	)		45.22

Outstanding at December 31, 2013		401,287			36.63		6.0	$	8,000,149


Vested and expected to vest at December 31, 2013		398,036			35.86		6.0	$	7,934,478


Exercisable at December 31, 2013		241,662			35.86		5.2	$	5,004,299

Year Ended December 31, 2014
	Number of Options			Weighted Avg. Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2014		401,287		$	36.63
Exercised		(43,034	)		37.68
Forfeited—Unvested		(7,000	)		34.22

Outstanding at December 31, 2014		351,253			36.55		5.0	$	10,901,529


Vested and expected to vest at December 31, 2014		351,142			36.56		5.0	$	10,987,590


Exercisable at December 31, 2014		290,128			36.81		4.6	$	8,929,815

The unvested options as of December 31, 2014 represent $0.4 million in unamortized stock-based compensation which will be recognized over a weighted average term of 1.0 years.

The following table summarizes information relating to options granted and exercised during 2012, 2013 and 2014 (in thousands, except fair value of options granted data):

	2012			2013		2014
Weighted-average fair value of options granted	$	15.27		$	N/A	$	N/A
Aggregate intrinsic value of options exercised		938			6,111		1,098,336
Cash proceeds received upon exercise of options		1,452			2,669		1,621
Excess tax benefits from share-based compensation		(362	)		2,101		513

The aggregate intrinsic value represents the total pre-tax intrinsic value (the difference between our closing common stock price on December 31st and the exercise price, multiplied by the number of the in-the-money stock options) that would have been received by the stock option holders had all stock options holders exercised their stock options on December 31st. The amount of aggregate intrinsic value will change based on the fair market value of our common stock. The estimated fair value of the options granted were determined using a Black Scholes option pricing model, based on the following weighted average assumptions:

		Options Granted in
		2012
Risk-free interest rate		1.4%
Expected dividend yield		2.5%
Expected life		6.25 years
Expected volatility		53%

The Company recognized $1.8 million, $1.4 million and $0.9 million, respectively, of stock compensation expense relating to the granted options during 2012, 2013 and 2014, respectively.

Restricted Stock

Restricted stock issued under the 2008 Equity Investment Plan vests ratably over four years.

The following table summarizes restricted stock activity during the year ended December 31, 2013:

	Shares			Weighted Avg. Fair Value
Unvested as of January 1, 2013		103,853		$	39.63
Granted		100,902			48.54
Forfeited		(250	)		46.85
Vested and issued		(49,986	)		43.96

Unvested as of December 31, 2013		154,519		$	44.04

The following table summarizes restricted stock activity during the year ended December 31, 2014:

	Shares			Weighted Avg. Fair Value
Unvested as of January 1, 2014		154,519		$	44.04
Granted		109,318			64.73
Forfeited		(8,500	)		51.44
Vested and issued		(60,194	)		44.61

Unvested as of December 31, 2014		195,143		$	55.13

In connection with the grant of restricted shares, the Company recognized $1.8 million, $3.1 million and $3.4 million of compensation expense within its income statements for 2012, 2013 and 2014, respectively.

The unvested shares as of December 31, 2014 represent $8.1 million in unamortized stock based compensation which will be recognized over a weighted average period of 2.8 years.

- 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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-Name Accounting Standards Codification
-Topic 235
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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+ Details

INCOME TAXES

12 Months Ended

Dec. 31, 2014

INCOME TAXES

INCOME TAXES

12. INCOME TAXES

The components of income before income taxes for the years ended December 31, 2012, 2013 and 2014 are as follows (in thousands):

	2012		2013		2014
Domestic	$	26,249	$	13,697	$	57,767
Foreign		18,547		32,776		28,401

Total	$	44,796	$	46,473	$	86,168

The following is a reconciliation from the tax computed at statutory income tax rates to the Company's income tax expense for the years ended December 31, 2012, 2013, and 2014 (in thousands):

	2012			2013			2014
Tax computed at statutory U.S. federal income tax rates	$	15,679		$	16,270		$	30,160
Income taxes in excess (below) statutory U.S. tax rates:
Guyana		812			701			(130	)
Bermuda and Turks & Caicos		503			(3,203	)		(4,712	)
Turks & Caicos intercompany note receivable write-down		—			(8,572	)		—
Valuation allowance		832			711			(887	)
Foreign tax reserve		2,359			2,081			2,095
State taxes		906			1,032			1,813
Research and development credit		(1,971	)		—			—
Other, net		1,711			516			(191	)

Income tax expense	$	20,831		$	9,536		$	28,148

The components of income tax expense (benefit) for the years ended December 31, 2012, 2013 and 2014 are as follows (in thousands):

	2012			2013			2014
Current:
United States—Federal	$	4,812		$	1,703		$	14,761
United States—State		2,418			895			1,347
Foreign		11,099			11,787			12,153

Total current income tax expense	$	18,329		$	14,385		$	28,261

Deferred:
United States—Federal	$	4,050		$	(5,273	)	$	5,205
United States—State		(1,011	)		169			466
Foreign		(537	)		255			(5,784	)

Total deferred income tax expense (benefit)		2,502			(4,849	)		(113	)

Consolidated:
United States—Federal	$	8,862		$	(3,570	)	$	19,966
United States—State		1,407			1,064			1,813
Foreign		10,562			12,042			6,369

Total income tax expense	$	20,831		$	9,536		$	28,148

The significant components of deferred tax assets and liabilities are as follows as of December 31, 2013 and 2014 (in thousands):

	2013			2014
Deferred tax assets:
Receivables reserve	$	1,225		$	1,321
Temporary differences not currently deductible for tax		6,690			8,001
Deferred compensation		1,702			2,019
Foreign tax credit carryforwards		13,575			10,576
Pension		—			436
Net operating losses		2,822			4,171
Valuation allowance		(16,312	)		(13,763	)

Total deferred tax asset		9,702			12,761

Deferred tax liabilities:
Property, plant and equipment, net	$	23,866		$	27,681
Intangible assets, net		11,245			12,021
Tax on foreign earnings		—			1,050
Pension		205			—

Total deferred tax liabilities		35,316			40,752

Net deferred tax liabilities	$	25,614		$	27,991

Deferred tax assets and liabilities are reflected in the accompanying consolidated balance sheets as follows (in thousands):

	2013		2014
Deferred tax assets:
Current	$	1,994	$	2,588
Long term		—		—

Total deferred tax asset	$	1,994	$	2,588

Deferred tax liabilities:
Current	$	1,601	$	213
Long term		26,007		30,366

Total deferred tax liabilities	$	27,608	$	30,579

Net deferred tax liabilities	$	25,614	$	27,991

As of December 31, 2014, the Company estimated that it had gross state and foreign net operating loss ("NOL") carryforwards of $32.1 million and $8.7 million respectively. The state NOL's will expire at various dates between 2015 and 2028. The foreign NOL consists of $6.1 million from Aruba, which will expire between 2015 and 2019. The remaining foreign NOL is from Guyana, and has no expiration. The Company assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing NOL deferred tax assets. A significant piece of negative evidence evaluated was the cumulative loss incurred over the three-year period ended December 31, 2014. On the basis of this evaluation, the Company believes it is more likely than not that the benefit from these state and foreign NOL carryforwards will not be realized. In recognition of this risk at December 31, 2014, the Company provided a valuation allowance of $1.7 million and $1.4 million for the state and foreign NOL carryforwards, respectively. At December 31, 2013 our state and foreign NOL carryforward valuation allowance was $1.1 million and $1.6 million, respectively.

As of December 31, 2014 and 2013, the Company had $10.5 million and $13.6 million of foreign tax credits. During the years ended December 31, 2014 and 2013, $3.0 million and $1.8 million foreign tax credit carryforwards expired. The remaining amounts that will expire in 2015 and 2016. Similar to prior years, the Company examined its projected mix of foreign source and U.S.-source earnings and concluded it is more likely than not that it will not generate enough foreign source income to utilize its existing foreign tax credits prior to their expiration date. As a result, the Company has continued to maintain a full valuation allowance against these credits through December 31, 2014.

The Company has approximately $131.6 million of undistributed earnings of its foreign subsidiaries that as of December 31, 2014 are considered to be indefinitely reinvested and, accordingly, no U.S. federal and state income taxes have been provided thereon. Determination of the amount of unrecognized deferred U.S. income tax liability is not practical because of the complexities associated with its hypothetical calculation.

The Company had net unrecognized tax benefits of $10.3 million as of December 31, 2012, $14.0 million as of December 31, 2013 and $16.5 million as of December 31, 2014. The net increase of the reserve during the year ended December 31, 2014 was attributable to additions to uncertain tax positions taken in the current and prior years and reductions resulting from the lapse of statute of limitation in one jurisdiction and the settlement of interest related to a prior Internal Revenue Service audit. The following shows the activity related to unrecognized tax benefits during the three years ended December 31, 2014 (in thousands):

Gross unrecognized tax benefits at December 31, 2011	$	6,952
Increase in uncertain tax positions		3,384
Lapse in statute of limitations		—

Gross unrecognized tax benefits at December 31, 2012		10,336
Increase in uncertain tax positions		4,137
Lapse in statute of limitations		—
Settlements		(423	)

Gross unrecognized uncertain tax benefits at December 31, 2013		14,050
Increase in uncertain tax positions		1,675
Lapse in statute of limitations		(226	)
Settlements		—

Gross unrecognized uncertain tax benefits at December 31, 2014	$	15,499

The Company's accounting policy is to classify interest and penalties related to income tax matters as part of income tax expense. The accrued amounts for interest and penalties are $1.0 million as of December 31, 2014, and $0.4 million as of December 31, 2013, and $0.5 million as of December 31, 2012.

All $16.5 million of unrecognized tax benefits would affect the effective tax rate if recognized. The Company accrues interest and penalties related to unrecognized tax benefits in its provision for income taxes, if material.

The Company and its subsidiaries file income tax returns in the U.S. and in various state and local jurisdictions. The statute of limitations related to the consolidated U.S. federal income tax return is closed for all tax years up to and including 2010. The expiration of the statute of limitations related to the various state income tax returns that the Company and subsidiaries file varies by state. The Company does not expect that the amount of unrecognized tax benefits relating to U.S. tax matters will change significantly within the next 12 months.

The Company also files an income tax return in Guyana. See Note 14 relating to certain tax matters pertaining to those filings. There is no expected settlement date of those matters and upon settlement, which might not occur in the near future, the payment may vary significantly from the amounts currently recorded. The Company will continue to update amounts recorded as new developments arise.

RETIREMENT PLANS

12 Months Ended

Dec. 31, 2014

RETIREMENT PLANS

RETIREMENT PLANS

13. RETIREMENT PLANS

The Company has a noncontributory defined benefit pension plan for eligible employees of GT&T who meet certain age and employment criteria. Company contributions to fund the plan are intended to provide not only for benefits attributed for service to date but also for those expected to be earned in the future. The Company's funding policy is to contribute to the plan such amounts as are actuarially determined to meet funding requirements. The benefits are based on the participants' average salary or hourly wages during the last three years of employment and credited service years.

The weighted-average rates assumed in the actuarial calculations for the pension plan are as follows as of December 31, 2012, 2013 and 2014:

	2012			2013			2014
Discount rate		6.00	%		5.75	%		5.75	%
Annual salary increase		7.50	%		7.50	%		6.50	%
Expected long-term return on plan assets		8.00	%		7.00	%		7.00	%

The expected long-term rate of return on pension plan assets was determined based on several factors including input from pension investment consultants, projected long-term returns of equity and bond indices in Guyana and elsewhere, including the United States, and historical returns over the life of the related obligations of the fund. The Company, in conjunction with its pension investment consultants, reviews its asset allocation periodically and rebalances its investments when appropriate in an effort to earn the expected long-term returns. The Company will continue to evaluate its long-term rate of return assumptions at least annually and will adjust them as necessary.

Changes during the year in the projected benefit obligations and in the fair value of plan assets are as follows for 2013 and 2014 (in thousands):

	2013			2014
Projected benefit obligations:
Balance at beginning of year:	$	11,660		$	12,237
Service cost		543			612
Interest cost		665			720
Benefits and settlements paid		(1,444	)		(623	)
Actuarial (loss) gain		1,127			1,129
Exchange rate adjustment		(314	)		18

Actuarial loss	$	12,237		$	14,093


Plan net assets:
Balance at beginning of year:	$	12,932		$	12,673
Actual return on plan assets		657			267
Company contributions		854			832
Benefits and settlements paid		(1,444	)		(623	)
Exchange rate adjustment		(326	)		16

Balance at end of year	$	12,673		$	13,165


Over (under) funded status of plan	$	436		$	(928	)

The Company's investment policy for its pension assets is to have a reasonably balanced investment approach, with a long-term bias toward debt investments. The Company's strategy allocates plan assets among equity, debt and other assets in both Guyana and the United States to achieve long-term returns without significant risk to principal. The fund is prohibited under Guyana law from investing in the equity, debt or other securities of the employer, its subsidiaries or associates of the employer or any company of which the employer is a subsidiary or an associate. Furthermore, the plan must invest between 70%-80% of its total plan assets within Guyana.

The fair values for the pension plan's net assets, by asset category, at December 31, 2014 are as follows (in thousands):

Asset Category	Total		Level 1		Level 2		Level 3
Cash, cash equivalents, money markets and other	$	10,532	$	9,784	$	748	$	—
Equity securities		1,711		1,711		—		—
Fixed income securities		922		922		—		—

Total	$	13,165	$	12,417	$	748	$	—

The plan's weighted-average asset allocations at December 31, 2013 and 2014, by asset category are as follows:

	2013			2014
Cash, cash equivalents, money markets and other		77.0	%		80.0	%
Equity securities		11.1			13.0
Fixed income securities		11.9			7.0

Total		100	%		100	%

Amounts recognized on the Company's consolidated balance sheets consist of (in thousands):

	As of December 31,
	2013			2014
Other assets	$	436		$	—
Other Liabilities		—			928
Accumulated other comprehensive loss, net of tax		(1,949	)		(2,672	)

Amounts recognized in accumulated other comprehensive loss consist of (in thousands):

	2013			2014
Net actuarial loss	$	(2,154	)	$	(3,148	)
Prior service cost		—			—

Accumulated other comprehensive loss, pre-tax	$	(2,154	)	$	(3,148	)


Accumulated other comprehensive loss, net of tax	$	(1,949	)	$	(2,672	)

Components of the plan's net periodic pension cost are as follows for the years ended December 31, 2012, 2013 and 2014 (in thousands):

	2012			2013			2014
Service cost	$	612		$	543		$	612
Interest cost		810			665			720
Expected return on plan assets		(972	)		(949	)		(848	)
Amortization of unrecognized net actuarial loss		242			150			218
Amortization of prior service costs		—			—			—

Net periodic pension cost	$	692		$	409		$	702

For the year ended December 31, 2015, the Company expects to contribute approximately $543,000 to its pension plan.

The following estimated pension benefits, which reflect expected future service, as appropriate, are expected to be paid over the next ten years as indicated below (in thousands):

Fiscal Year	Pension Benefits
2015		565
2016		629
2017		634
2018		761
2019		677
2020 - 2024		4,865

	$	8,131

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2014

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

14. COMMITMENTS AND CONTINGENCIES

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, 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.

The Company had previously amended its Amended Credit Facility to provide for an additional $55 million letter of credit sub-facility to its revolver loan to be available for issuance in connection with the Company's Mobility Fund Grant obligations. On June 17, 2013, the Company issued approximately $29.8 million in letters of credit to the Universal Service Administrative Company to secure a portion of the pending awards of approximately $68.8 million of Mobility Fund Grants to certain of its subsidiaries. In connection with the Company's sale of its Alltel business on September 20, 2013, it notified the FCC and USAC that it would no longer be eligible to perform under the terms and conditions of the Alltel Mobility Funds. At that time, USAC chose not to draw any amounts under our letter of credit securing the Alltel Mobility Funds and the Company terminated $19.9 million in letters of credit on November 14, 2013. See Note 10 for further information about the Mobility Fund. The letters of credit accrue a fee at a rate of 1.75% per annum on the outstanding amounts. As of December 31, 2013 the Company had approximately $9.9 million in letters of credit payable to USAC outstanding to cover its Mobility Fund obligations and there were no draw downs against these letters of credit. If the Company fails to comply with certain terms and conditions upon which the Mobility Fund Grants are to be granted, or if it loses eligibility for Mobility Fund support, USAC will be entitled to draw the entire amount of the letter of credit applicable to the affected project including penalties. The results of the Company's Mobility Fund projects, once initiated, will be included in the Company's "U.S. Wireless" segment.

Currently, the Company's Guyana subsidiary, GT&T, holds a license to provide domestic fixed services and international voice and data services in Guyana on an exclusive basis until December 2030. Since 2001, the Government of Guyana has stated its intention to introduce additional competition into Guyana's telecommunications sector. Since that time, the Company and GT&T have met on several occasions with officials of the Government of Guyana to discuss potential modifications of GT&T's exclusivity and other rights under the existing agreement and license. In 2012, the Government of Guyana introduced draft legislation in Parliament that, if enacted, would have the effect of terminating the Company's exclusive license rights by permitting other telecommunications carriers to receive licenses to provide domestic fixed services and international voice and data services in Guyana. Along with the draft legislation, the Government also released drafts of new regulations and licenses (collectively, the "Draft Laws"). These Draft Laws would also introduce material changes to many other features of Guyana's existing telecommunications regulatory regime. While little or no substantive actions were taken on the Draft Laws since 2012, the Company cannot predict when or if the proposed legislation will be adopted by Parliament or, if adopted and then signed into law by the President, the manner in which it would be implemented by the Minister of Telecommunications and the PUC. Although the Company believes that it would be entitled to damages or other compensation for any involuntary termination of its contractual exclusivity rights, it cannot guarantee that the Company would prevail in a proceeding to enforce its rights or that its actions would effectively halt any unilateral action by the Government.

Historically, GT&T has been subject to other litigation proceedings and disputes in Guyana that, while not conclusively resolved, to the Company's knowledge have not been the subject of discussions or other significant activity in the last five years. It is possible, but not likely, that these disputes, as discussed below, may be revived. The Company believes that none of these additional proceedings would, in the event of an adverse outcome, have a material impact on the Company's consolidated financial position, results of operation or liquidity.

In a letter dated September 8, 2006, the National Frequency Management Unit ("NFMU") agreed that total spectrum fees in Guyana should not increase for the years 2006 and 2007. However, that letter implied that spectrum fees in 2008 and onward may be increased beyond the amount GT&T agreed to with the Government. GT&T has objected to the NFMU's proposed action and reiterated its position that an increase in fees prior to development of an acceptable methodology would violate the Government's prior agreement. In 2011, GT&T paid the NFMU $2.6 million representing payments in full for 2008, 2009 and 2010. However, by letter dated November 23, 2011, the NFMU stated that it did not concur with GT&T's inference that the amount was payment in full for the specified years as it was their continued opinion that the final calculation for GSM spectrum fees was not agreed upon and was still an outstanding issue. By further letter dated November 24, 2011, the NFMU further rejected a proposal that was previously submitted jointly by GT&T and Digicel which outlined a recommended methodology for the calculation of these fees. The NFMU stated that it would prepare its own recommendation which it would send to the Minister of Telecoms for decision of the matter. GT&T paid additional spectrum fees in 2012 according to the methodology used for its 2011 payments, and have reserved amounts payable for 2013 and 2014 according to this methodology. There have been no further discussions on this subject and GT&T has not had the opportunity to review any recommendation made to the Minister.

In November 2007, Caribbean Telecommunications Limited ("CTL") filed a complaint in the U.S. District Court for the District of New Jersey against GT&T and ATN claiming breach of an interconnection agreement for domestic cellular services in Guyana and related claims. CTL asserted over $200 million in damages. GT&T and ATN moved to dismiss the complaint on procedural and jurisdictional grounds. On January 26, 2009, the court granted the motions to dismiss the complaint on the grounds asserted. On November 7, 2009 and again on April 4, 2013, CTL filed a similar claim against GT&T and the PUC in the High Court of Guyana. The Company believes these claims are without merit and are duplicative of a previous claim filed by CTL in Guyana that was dismissed. There has been no action on these matters since the April 2013 filing.

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 intends to vigorously defend against such a legal challenge.

On February 17, 2010, GT&T filed a lawsuit in the High Court of Guyana asserting that, despite its denials, Digicel is engaged in international bypass in violation of GT&T's exclusive license rights, the interconnection agreement between the parties, and the laws of Guyana. GT&T is seeking, among other things, injunctive relief to stop the illegal bypass activity, actual damages in excess of US$9 million and punitive damages of approximately US$5 million. Digicel filed counterclaims alleging that GT&T has violated the terms of the interconnection agreement and Guyana laws. GT&T intends to vigorously prosecute this suit.

On July 20, 2012 a trial court in Guyana made findings calling into question the validity of GT&T's exclusive license to provide international voice and data service in Guyana and the applicability of that license to telecommunications services using Voice over Internet Protocol ("VoIP"). The findings were made in a breach of contract case brought originally in 2007 against GT&T by a subscriber to its Internet service and are now temporarily stayed pending further court proceedings. Digicel, our main competitor in Guyana, in response to the trial court's findings, began connecting its own international traffic out of Guyana without receiving an international license and at rates which had not been approved by the Guyana Public Utilities Commission. In response, the Guyana Public Utilities Commission ordered Digicel to cease providing service at these rates and the government of Guyana notified us that they have undertaken to advise Digicel that its activities are in contravention of Guyana law. The Guyana courts also granted GT&T an interim injunction restraining Digicel from bypassing GT&T's network. GT&T has also appealed the case, not only with respect to the contract claim, but also as to the court's findings regarding the exclusivity of GT&T's license and its application to VoIP services.

GT&T is also involved in several legal claims regarding its tax filings with the Guyana Revenue Authority dating back to 1991 regarding the deductibility of intercompany advisory fees as well as other tax assessments. Should GT&T be held liable for any of the disputed tax assessments, totaling $33.2 million, the Company believes that the Government of Guyana would then be obligated to reimburse GT&T for any amounts necessary to ensure that GT&T's return on investment was no less than 15% per annum for the relevant periods.

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 reforms the local telecommunications market, it has adopted new and amended regulations that establish regulatory and other fees, additional regulation and result in other circumstances that could increase the regulatory costs incurred by or otherwise impact the Company's Bermuda operations. For instance, in December 2014, the Bermuda Regulatory Authority adopted a decision that, if implemented, would prevent the Company from using a portion of existing spectrum held in Bermuda reserved for the launch of next generation services in accordance with the Company's plans and demands of its customers in Bermuda. While the Company has appealed the decision, it if is implemented, it could damage the competitive position of the Compnay's Bermuda business and limit its ability to grow.

The term of the Company's telecommunications license to operate in Aruba expired on January 15, 2014. The government of Aruba informed the Company earlier in January 2014 that a renewed license would be issued only upon payment by the Company of a fee in the amount of Afl 7.2 million (or approximately US$4 million). The Company is continuing to operate as it is actively contesting the assessment of such fee.

Lease Commitments and Other Obligations

The Company leases approximately 2.3 million square feet for its operations centers, administrative offices and retail stores as well as certain tower sites under non-cancelable operating leases. The Company's obligations for payments under these leases are as follows at December 31, 2014 (in thousands):

2015	$	13,810
2016		13,047
2017		8,983
2018		6,372
2019		2,372
Thereafter		5,319

Total obligations under operating leases	$	49,903

Rent expense for the years ended December 31, 2012, 2013 and 2014 was $13.7 million, $12.7 million and $15.0 million, respectively.

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2014
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	15. RELATED-PARTY TRANSACTIONS In October 2014, the Company's U.S. Virgin Islands business, Choice Communications, LLC ("Choice"), entered into a tower lease with Tropical Tower Ltd ("Tropical Tower"), an entity 90% owned by Cornelius B. Prior, Jr., the Chairman of the Company's Board of Directors. When aggregated with amounts that Choice currently pays to Tropical Tower for an existing tower lease entered into in April 2012, Choice will pay approximately $117,000 per year in rental payments to Tropical Tower. Each tower lease has an initial term of five years, with two additional five year renewal periods and has provisions for an increase in rent by 5% each year. Our Audit Committee reviewed the specific structure and terms of the October 2014 lease, as negotiated by Choice management, and unanimously approved the arrangement described above in accordance with the terms of our Related Person Transaction Policy.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

SEGMENT REPORTING

12 Months Ended

Dec. 31, 2014

SEGMENT REPORTING

SEGMENT REPORTING

16. SEGMENT REPORTING

For the years ended December 31, 2012 and December 31, 2013, the Company had four reportable segments for separate disclosure in accordance with the FASB's authoritative guidance on disclosures about segments of an enterprise. Those four segments were: 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. With the Ahana Acquisition on December 24, 2014, the Company added a fifth reportable segment, Renewable Energy, which generates all of its revenues in and has all of its assets located in the United States. Segment presentations for 2012 and 2013 were not impacted by the change in segments in 2014. 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 Year Ended December 31, 2012
	U.S. Wireless		International Integrated Telephony		Island Wireless			U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless	$	102,817	$	—	$	—		$	—		$	—		$	102,817
International Wireless		—		27,084		54,379			—			—			81,463
Wireline		603		65,313		—			19,608			—			85,524
Equipment and Other		348		1,738		5,717			189			—			7,992

Total Revenue		103,768		94,135		60,096			19,797			—			277,796
Depreciation and amortization		16,072		17,963		11,067			2,860			2,625			50,587
Non-cash stock-based compensation		—		—		—			—			3,323			3,323
Operating income (loss)		60,290		23,203		(3,334	)		(2,481	)		(21,040	)		56,638

For the Year Ended December 31, 2013
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless	$	107,930	$	—	$	—	$	—		$	—		$	107,930
International Wireless		—		30,334		61,098		—			—			91,432
Wireline		610		61,475		—		22,500			—			84,585
Equipment and Other		465		1,637		6,555		231			—			8,888

Total Revenue		109,005		93,446		67,653		22,731			—			292,835
Depreciation and amortization		14,308		17,975		10,305		3,182			2,967			48,737
Non-cash stock-based compensation		—		—		—		—			3,805			3,805
Operating income (loss)		54,867		28,212		8,610		(1,076	)		(25,978	)		64,085

For the Year Ended December 31, 2014
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Renewable Energy			Reconciling Items			Consolidated
Revenue
U.S. Wireless	$	153,040	$	—	$	—	$	—		$	—		$	—		$	153,040
International Wireless		—		26,819		61,831		—			—			—			88,650
Wireline		609		59,129		—		25,546			—			—			85,284
Equipment and Other		943		984		6,744		253			449			—			9,373
Total Revenue		154,592		86,932		68,575		25,799			449			—			336,347
Depreciation and amortization		14,345		17,408		10,671		4,725			105			3,980			51,234
Non-cash stock-based compensation		—		—		—		—			—			4,323			4,323
Operating income (loss)		89,187		19,628		9,046		(3,668	)		(2,218	)		(26,399	)		85,576

	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Renewable Energy		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		146,346		197,903		74,427		45,351		—		395,692	(1)		859,719
December 31, 2014:
Net fixed assets	$	79,910	$	108,972	$	26,590	$	28,113	$	111,342	$	14,655		$	369,582
Goodwill		32,148		—		5,438		7,491		—		—			45,077
Total assets		188,377		201,335		74,563		42,446		130,124		288,162	(1)		925,030

(1)	Includes $4,748 and $175 of assets associated with our discontinued operations as of December 31, 2013 and 2014 respectively.

	Capital Expenditures
Year Ended December 31,	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Renewable Energy		Reconciling Items		Consolidated
2012		9,792		14,369		4,529		10,508		—		2,956		42,154
2013		34,895		12,452		5,536		12,552		—		3,881		69,316
2014		33,446		10,646		6,064		4,680		—		3,464		58,300

Reconciling items refer to corporate overhead matters and consolidating adjustments.

- 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
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2014

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

17. QUARTERLY FINANCIAL DATA (UNAUDITED)

Following is a summary of the Company's quarterly results of operations for the years ended December 31, 2013 and 2014 (in thousands):

	2013 Consolidated for the Three Months Ended
	March 31			June 30			September 30			December 31
Total revenue	$	64,832		$	71,625		$	79,350			77,028
Operating expenses		52,754			55,719			59,312			60,965

Income from operations		12,078			15,906			20,038			16,063
Other income (expense), net		(2,249	)		(2,707	)		(13,042	)		386

Income from continuing operations before income taxes		9,829			13,199			6,996			16,449
Income taxes		3,945			4,868			2,481			(1,758	)

Income from continuing operations		5,884			8,331			4,515			18,207
Income from discontinued operations:
Income (loss) from discontinued operations, net of tax		4,034			3,092			(1,960	)		—
Gain on sale of discontinued operations, net of tax		—			—			305,197			1,905
Income from discontinued operations, net of tax		4,034			3,092			303,237			1,905

Net income		9,918			11,423			307,752			20,112
Net income attributable to non-controlling interests, net of tax:
Continuing operations		(1,055	)		(1,934	)		(2,945	)		(2,055	)
Discontinued operations		(87	)		(630	)		116			—
Disposal of discontinued operations		—			—			(28,699	)		(200	)

		(1,142	)		(2,564	)		(31,528	)		(2,255	)
Net income attributable to Atlantic Tele-Network, Inc. stockholders		8,776			8,859			276,224			17,857
Net income per weighted average basic share attributable to Atlantic Tele-Network, Inc. stockholders
Continuing operations		0.31			0.41			0.10			1.02
Discontinued operations:
Discontinued operations		0.25			0.16			(0.12	)		—
Gain on sale of discontinued operations		—			—			17.57			0.15

Total discontinued operations		0.25			0.16			17.45			0.15

Total		0.56			0.57			17.55			1.17


Net income per weighted average diluted share attributable to Atlantic Tele-Network, Inc. stockholders
Continuing operations		0.31			0.40			0.10			1.02
Discontinued operations:
Discontinued operations		0.25			0.16			(0.12	)		—
Gain on Sale of discontinued operations		—			—			17.45			0.14

Total discontinued operations		0.25			0.16			17.33			0.14

Total		0.56			0.56			17.43			1.16

	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

SUBSEQUENT EVENT	12 Months Ended
SUBSEQUENT EVENT	Dec. 31, 2014
SUBSEQUENT EVENT
SUBSEQUENT EVENT	18. SUBSEQUENT EVENTS On February 12, 2015, the Company signed an agreement to sell substantially all of the assets of its retail wireless business in the Turks and Caicos islands to Cable & Wireless (TCI) Limited. The transaction is subject to customary closing terms and conditions. The companies expect to complete the transaction in the first quarter of 2015 and the Company anticipates recording a loss on the sale of approximately $19 million at that time.

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2014

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II

ATLANTIC TELE-NETWORK, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

(Amounts in Thousands)

	Balance at Beginning of Year		Charged to Costs and Expenses		Deductions		Balance at End of Year
YEAR ENDED, December 31, 2012
Description:
Valuation allowance on foreign tax credit carryforwards	$	16,755	$	—	$	1,359	$	15,396
Valuation allowance on foreign net operating losses		560		338		—		898
Valuation allowance on state net operating losses		—		494		—		494
Allowance for doubtful accounts		7,060		1,490		646		7,904

	$	24,375	$	2,322	$	2,005	$	24,692


YEAR ENDED, December 31, 2013
Description:
Valuation allowance on foreign tax credit carryforwards	$	15,396	$	—	$	1,820	$	13,576
Valuation allowance on foreign net operating losses		898		712		—		1,610
Valuation allowance on state net operating losses		494		632		—		1,126
Allowance for doubtful accounts		7,904		1,462		361		9,005

	$	24,692	$	2,806	$	2,181	$	25,317


YEAR ENDED, December 31, 2014
Description:
Valuation allowance on foreign tax credit carryforwards	$	13,576	$	—	$	2,999	$	10,577
Valuation allowance on foreign net operating losses		1,610		—		110		1,500
Valuation allowance on state net operating losses		1,126		561		—		1,687
Allowance for doubtful accounts		9,005		2,417		80		11,342

	$	25,317	$	2,978	$	3,189	$	25,106

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Use of Estimates

Cash and Cash Equivalents

Allowance for Doubtful Accounts

Materials and Supplies

Fixed Assets

The Company determined that there was no impairment of its fixed assets in any of the three years ending December 31, 2014.

Goodwill and Indefinite-Lived Intangible Assets

Intangible Assets

Interest Rate Derivatives

Risk Management Objective of Using Derivatives

Debt

Non-Controlling Interests

Changes in Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss), by component, were as follows (in thousands):

	Interest Rate Derivative Agreements			Projected Pension Benefit Obligation			Translation Adjustment			Total
Balance at December 31, 2012	$	(6,985	)	$	(1,318	)	$	6		$	(8,297	)
Adjust funded status of pension plan, net of tax of $0.2 million		—			(631	)		—			(631	)
Foreign currency translation adjustment		—			—			(259	)		(259	)
Other comprehensive income before reclassifications, net of taxes of $2.3 million		3,753			—			—			3,753
Amounts reclassified from accumulated other comprehensive income, net of taxes of $2.0 million		3,232			—			—			3,232

Balance at December 31, 2013		—			(1,949	)		(253	)		(2,202	)
Adjust funded status of pension plan, net of tax of $0.6 million		—			(723	)		—			(723	)
Foreign currency translation adjustment		—			—			4			4

Balance at December 31, 2014	$	—		$	(2,672	)	$	(249	)	$	(2,921	)

Revenue Recognition

Revenue Recognition—Telecommunications

Sales and use and state excise taxes collected from customers that are remitted to the governmental authorities are reported on a net basis and excluded from the revenues and sales.

Revenue Recognition—Renewable Energy

Accounting for Grants

Income Taxes

The Company does not provide for United States income taxes on earnings of foreign subsidiaries as such earnings are considered to be indefinitely reinvested.

Credit Concentrations and Significant Customers

Customer	2012			2013			2014
Verizon		11	%		13	%		16	%
AT&T		20	%		18	%		26	%

No other customer accounted for more than 10% of consolidated revenue in any of the past three years.

Customer	2013			2014
AT&T		29	%		47	%
Verizon		10	%		7	%

Foreign Currency Gains and Losses

Fair Value of Financial Instruments

Level 1		Quoted 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 2		Observable 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 3		Unobservable 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 2014 are summarized as follows:

	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

	December 31, 2014
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Certificates of deposit	$	—	$	363	$	363
Money market funds	$	1,493	$	—	$	1,493

Total assets measured at fair value	$	1,493	$	363	$	1,856

Debt (Note 8)	$	—	$	38,877	$	38,877

Total liabilities measured at fair value	$	—	$	38,877	$	38,877

Certificate of Deposit

Money Market Funds

Derivatives

Net Income Per Share

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

	For the Year Ended December 31,
	2012		2013		2014
Basic weighted-average common shares outstanding		15,531		15,704		15,898
Stock options		88		113		115

Diluted weighted-average common shares outstanding		15,619		15,817		16,013

The following notes the number of potential common shares not included in the above calculation because the effects of such were anti-dilutive (in thousands of shares):

	For the Year Ended December 31,
	2012		2013		2014
Stock options		367		61		—

Total		367		61		—

Stock-Based Compensation

Stock-based compensation expense is recognized within general and administrative expenses within the consolidated income statements.

Recent Accounting Pronouncements

ORGANIZATION AND BUSINESS OPERATIONS (Tables)

12 Months Ended

Dec. 31, 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 (rural markets)	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
	U.S. Wireline	United States (New England and New York State)	Sovernet, ION, Essextel
Renewable Energy	Renewable Energy	United States (Massachusetts, California and New Jersey)	Ahana Renewables

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of changes in accumulated other comprehensive income (loss), by component

Changes in accumulated other comprehensive income (loss), by component, were as follows (in thousands):

	Interest Rate Derivative Agreements			Projected Pension Benefit Obligation			Translation Adjustment			Total
Balance at December 31, 2012	$	(6,985	)	$	(1,318	)	$	6		$	(8,297	)
Adjust funded status of pension plan, net of tax of $0.2 million		—			(631	)		—			(631	)
Foreign currency translation adjustment		—			—			(259	)		(259	)
Other comprehensive income before reclassifications, net of taxes of $2.3 million		3,753			—			—			3,753
Amounts reclassified from accumulated other comprehensive income, net of taxes of $2.0 million		3,232			—			—			3,232

Balance at December 31, 2013		—			(1,949	)		(253	)		(2,202	)
Adjust funded status of pension plan, net of tax of $0.6 million		—			(723	)		—			(723	)
Foreign currency translation adjustment		—			—			4			4

Balance at December 31, 2014	$	—		$	(2,672	)	$	(249	)	$	(2,921	)

Schedule of percentage of revenues generated from a single customer that exceeds 10% of the Company's consolidated revenue

Customer	2012			2013			2014
Verizon		11	%		13	%		16	%
AT&T		20	%		18	%		26	%

Schedule of percentage of accounts receivable, from customers that exceed 10% of the Company's consolidated accounts receivable, net of allowances

Customer	2013			2014
AT&T		29	%		47	%
Verizon		10	%		7	%

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

	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

	December 31, 2014
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Certificates of deposit	$	—	$	363	$	363
Money market funds	$	1,493	$	—	$	1,493

Total assets measured at fair value	$	1,493	$	363	$	1,856

Debt (Note 8)	$	—	$	38,877	$	38,877

Total liabilities measured at fair value	$	—	$	38,877	$	38,877

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):

	For the Year Ended December 31,
	2012		2013		2014
Basic weighted-average common shares outstanding		15,531		15,704		15,898
Stock options		88		113		115

Diluted weighted-average common shares outstanding		15,619		15,817		16,013

Schedule of anti-dilutive potential shares that were excluded from the computation of diluted weighted average shares outstanding

The following notes the number of potential common shares not included in the above calculation because the effects of such were anti-dilutive (in thousands of shares):

	For the Year Ended December 31,
	2012		2013		2014
Stock options		367		61		—

Total		367		61		—

ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2014

ACQUISITIONS

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

Total consideration	$	78,782


Purchase price allocation:
Cash		6,571
Other current assets		2,011
Plant and equipment		111,446
Restricted Cash		5,884
Current liabilities		(853	)
Long-Term debt		(38,877	)
Non-controlling interests		(7,400	)

Net assets acquired		78,782

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

12 Months Ended

Dec. 31, 2014

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

Schedule of gain on sale of operations

As a result of that approval, the Company completed the sale of certain U.S. retail wireless assets on that date and recorded a gain in 2013 of approximately $307.1 million calculated as follows (in thousands):

Proceeds:
Received			$	702,000
Escrowed				78,000
Working capital				16,828

Adjusted proceeds				796,828
Less: Net assets sold or impaired:
Assets sold or impaired:
Current assets	51,597
Property, plant and equipment, net	190,970
Telecommunications licenses	50,553
Other intangible assets	37,434
Other assets	13,202
Liabilities sold:
Current liabilities	(40,674	)
Other liabilities	(22,796	)

Net assets sold or impaired				280,286
Less: Transaction related costs				(13,517	)

Pre-tax gain				503,025
Less: Income taxes at effective rate				195,923

Net gain on sale			$	307,102

Schedule of revenues and income from discontinued operations

Revenues and income from discontinued operations related to the Alltel business for the years ended December 31, 2012 and 2013 were as follows (in thousands):

	Year Ended December 31,
	2012		2013
Revenue from discontinued operations	$	464,382	$	299,519
Income from discontinued operations, net of tax expense (benefit) of $13,816 and $2,512 respectively		29,202		5,166

ACCOUNTS RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2014

ACCOUNTS RECEIVABLE:

Schedule of accounts receivable

As of December 31, 2013 and 2014, accounts receivable consist of the following (in thousands):

	2013			2014
Retail	$	19,833		$	21,367
Wholesale		27,539			41,245
Other		54			1,605

Accounts receivable		47,426			64,217
Less: allowance for doubtful accounts		(9,746	)		(11,344	)

Total accounts receivable, net	$	37,680		$	52,873

FIXED ASSETS (Tables)

12 Months Ended

Dec. 31, 2014

FIXED ASSETS:

Schedule of property, plant and equipment

As of December 31, 2013 and 2014, property, plant and equipment consisted of the following (in thousands):

	Useful Life (in Years)		2013			2014
Telecommunications equipment and towers		5 - 15	$	471,265		$	514,814
Solar assets		20 - 23		—			111,446
Office and computer equipment		3 - 10		46,680			46,757
Buildings		15 - 39		18,002			18,079
Transportation vehicles		3 - 10		6,984			7,589
Leasehold improvements		Shorter of useful life or lease term		11,380			11,494
Land		—		1,162			1,146
Furniture and fixtures		5 - 10		5,778			8,110

Total plant in service				561,251			719,435
Construction in progress				45,661			43,982

Total property, plant, and equipment in service				606,912			763,417
Less: Accumulated depreciation				(352,280	)		(393,835	)

Net fixed assets			$	254,632			369,582

GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2014

GOODWILL AND INTANGIBLE ASSETS

Schedule of changes in the carrying amount of the Company's telecommunications licenses, by operating segment

The changes in the carrying amount of the Company's telecommunications licenses, by operating segment, for the three years ended December 31, 2014 were as follows (in thousands):

	U.S. Wireless			U.S. Wireline		Island Wireless			Consolidated
Balance at December 31, 2012	$	20,106		$	31	$	19,768		$	39,905
Acquired licenses		186			—		—			186
Licenses sold		(404	)		—		—			(404	)

Balance at December 31, 2013		19,888			31		19,768			39,687
Acquired licenses		5,025			—		—			5,025
Amortization		—			—		(622	)		(622	)

Balance at December 31, 2014		24,913			31		19,146			44,090

Schedule of future amortization of customer relationships, in Island Wireless segment

Future amortization of customer relationships, in our Island Wireless segment, is as follows (in thousands):

	Future Amortization
2015	$	343
2016		309
2017		276
2018		200
2019		145
Thereafter		223

Total	$	1,496

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2014

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

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

The table below presents the effect of the Company's derivative financial instruments on the consolidated income statements for the year ended December 31, 2013 (in thousands):

Year Ended December 31,		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		$	764

EQUITY (Tables)

12 Months Ended

Dec. 31, 2014

EQUITY

Schedule of shares repurchased from employees to satisfy tax obligations incurred in connection with the vesting of restricted stock awards and the exercise of stock options

Year Ended December 31	Shares Repurchased		Aggregate Cost (in thousands)		Average Repurchase Price
2012		9,175	$	344	$	37.51
2013		163,222		8,103		49.64
2014		34,293		2,161		63.01

Summary of stock option activity

Year Ended December 31, 2013
	Number of Options			Weighted Avg. Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2013		720,448		$	34.31
Exercised		(303,536	)		30.64
Forfeited—Vested		(11,625	)		46.01
Forfeited—Unvested		(4,000	)		45.22

Outstanding at December 31, 2013		401,287			36.63		6.0	$	8,000,149


Vested and expected to vest at December 31, 2013		398,036			35.86		6.0	$	7,934,478


Exercisable at December 31, 2013		241,662			35.86		5.2	$	5,004,299

Year Ended December 31, 2014
	Number of Options			Weighted Avg. Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2014		401,287		$	36.63
Exercised		(43,034	)		37.68
Forfeited—Unvested		(7,000	)		34.22

Outstanding at December 31, 2014		351,253			36.55		5.0	$	10,901,529


Vested and expected to vest at December 31, 2014		351,142			36.56		5.0	$	10,987,590


Exercisable at December 31, 2014		290,128			36.81		4.6	$	8,929,815

Summary of information relating to options granted and exercised

The following table summarizes information relating to options granted and exercised during 2012, 2013 and 2014 (in thousands, except fair value of options granted data):

	2012			2013		2014
Weighted-average fair value of options granted	$	15.27		$	N/A	$	N/A
Aggregate intrinsic value of options exercised		938			6,111		1,098,336
Cash proceeds received upon exercise of options		1,452			2,669		1,621
Excess tax benefits from share-based compensation		(362	)		2,101		513

Schedule of weighted-average assumptions using Black-Scholes option-pricing model for estimating fair value of each option granted

		Options Granted in
		2012
Risk-free interest rate		1.4%
Expected dividend yield		2.5%
Expected life		6.25 years
Expected volatility		53%

Summary of restricted stock activity

	Shares			Weighted Avg. Fair Value
Unvested as of January 1, 2013		103,853		$	39.63
Granted		100,902			48.54
Forfeited		(250	)		46.85
Vested and issued		(49,986	)		43.96

Unvested as of December 31, 2013		154,519		$	44.04

	Shares			Weighted Avg. Fair Value
Unvested as of January 1, 2014		154,519		$	44.04
Granted		109,318			64.73
Forfeited		(8,500	)		51.44
Vested and issued		(60,194	)		44.61

Unvested as of December 31, 2014		195,143		$	55.13

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

INCOME TAXES

Schedule of components of income before income taxes

The components of income before income taxes for the years ended December 31, 2012, 2013 and 2014 are as follows (in thousands):

	2012		2013		2014
Domestic	$	26,249	$	13,697	$	57,767
Foreign		18,547		32,776		28,401

Total	$	44,796	$	46,473	$	86,168

Schedule of reconciliation from the tax computed at statutory income tax rates to the Company's income tax expense

The following is a reconciliation from the tax computed at statutory income tax rates to the Company's income tax expense for the years ended December 31, 2012, 2013, and 2014 (in thousands):

	2012			2013			2014
Tax computed at statutory U.S. federal income tax rates	$	15,679		$	16,270		$	30,160
Income taxes in excess (below) statutory U.S. tax rates:
Guyana		812			701			(130	)
Bermuda and Turks & Caicos		503			(3,203	)		(4,712	)
Turks & Caicos intercompany note receivable write-down		—			(8,572	)		—
Valuation allowance		832			711			(887	)
Foreign tax reserve		2,359			2,081			2,095
State taxes		906			1,032			1,813
Research and development credit		(1,971	)		—			—
Other, net		1,711			516			(191	)

Income tax expense	$	20,831		$	9,536		$	28,148

Schedule of components of income tax expense (benefit)

The components of income tax expense (benefit) for the years ended December 31, 2012, 2013 and 2014 are as follows (in thousands):

	2012			2013			2014
Current:
United States—Federal	$	4,812		$	1,703		$	14,761
United States—State		2,418			895			1,347
Foreign		11,099			11,787			12,153

Total current income tax expense	$	18,329		$	14,385		$	28,261

Deferred:
United States—Federal	$	4,050		$	(5,273	)	$	5,205
United States—State		(1,011	)		169			466
Foreign		(537	)		255			(5,784	)

Total deferred income tax expense (benefit)		2,502			(4,849	)		(113	)

Consolidated:
United States—Federal	$	8,862		$	(3,570	)	$	19,966
United States—State		1,407			1,064			1,813
Foreign		10,562			12,042			6,369

Total income tax expense	$	20,831		$	9,536		$	28,148

Schedule of significant components of deferred tax assets and liabilities

The significant components of deferred tax assets and liabilities are as follows as of December 31, 2013 and 2014 (in thousands):

	2013			2014
Deferred tax assets:
Receivables reserve	$	1,225		$	1,321
Temporary differences not currently deductible for tax		6,690			8,001
Deferred compensation		1,702			2,019
Foreign tax credit carryforwards		13,575			10,576
Pension		—			436
Net operating losses		2,822			4,171
Valuation allowance		(16,312	)		(13,763	)

Total deferred tax asset		9,702			12,761

Deferred tax liabilities:
Property, plant and equipment, net	$	23,866		$	27,681
Intangible assets, net		11,245			12,021
Tax on foreign earnings		—			1,050
Pension		205			—

Total deferred tax liabilities		35,316			40,752

Net deferred tax liabilities	$	25,614		$	27,991

Schedule of deferred tax assets and liabilities

Deferred tax assets and liabilities are reflected in the accompanying consolidated balance sheets as follows (in thousands):

	2013		2014
Deferred tax assets:
Current	$	1,994	$	2,588
Long term		—		—

Total deferred tax asset	$	1,994	$	2,588

Deferred tax liabilities:
Current	$	1,601	$	213
Long term		26,007		30,366

Total deferred tax liabilities	$	27,608	$	30,579

Net deferred tax liabilities	$	25,614	$	27,991

Schedule of activity related to unrecognized tax benefits

The following shows the activity related to unrecognized tax benefits during the three years ended December 31, 2014 (in thousands):

Gross unrecognized tax benefits at December 31, 2011	$	6,952
Increase in uncertain tax positions		3,384
Lapse in statute of limitations		—

Gross unrecognized tax benefits at December 31, 2012		10,336
Increase in uncertain tax positions		4,137
Lapse in statute of limitations		—
Settlements		(423	)

Gross unrecognized uncertain tax benefits at December 31, 2013		14,050
Increase in uncertain tax positions		1,675
Lapse in statute of limitations		(226	)
Settlements		—

Gross unrecognized uncertain tax benefits at December 31, 2014	$	15,499

RETIREMENT PLANS (Tables)

12 Months Ended

Dec. 31, 2014

RETIREMENT PLANS

Schedule of weighted-average rates assumed in the actuarial calculations for the pension plan

	2012			2013			2014
Discount rate		6.00	%		5.75	%		5.75	%
Annual salary increase		7.50	%		7.50	%		6.50	%
Expected long-term return on plan assets		8.00	%		7.00	%		7.00	%

Schedule of changes during the year in the projected benefit obligations and in the fair value of plan assets

Changes during the year in the projected benefit obligations and in the fair value of plan assets are as follows for 2013 and 2014 (in thousands):

	2013			2014
Projected benefit obligations:
Balance at beginning of year:	$	11,660		$	12,237
Service cost		543			612
Interest cost		665			720
Benefits and settlements paid		(1,444	)		(623	)
Actuarial (loss) gain		1,127			1,129
Exchange rate adjustment		(314	)		18

Actuarial loss	$	12,237		$	14,093


Plan net assets:
Balance at beginning of year:	$	12,932		$	12,673
Actual return on plan assets		657			267
Company contributions		854			832
Benefits and settlements paid		(1,444	)		(623	)
Exchange rate adjustment		(326	)		16

Balance at end of year	$	12,673		$	13,165


Over (under) funded status of plan	$	436		$	(928	)

Schedule of fair values for the pension plan's net assets, by asset category

The fair values for the pension plan's net assets, by asset category, at December 31, 2014 are as follows (in thousands):

Asset Category	Total		Level 1		Level 2		Level 3
Cash, cash equivalents, money markets and other	$	10,532	$	9,784	$	748	$	—
Equity securities		1,711		1,711		—		—
Fixed income securities		922		922		—		—

Total	$	13,165	$	12,417	$	748	$	—

Schedule of weighted-average asset allocations, by asset category

	2013			2014
Cash, cash equivalents, money markets and other		77.0	%		80.0	%
Equity securities		11.1			13.0
Fixed income securities		11.9			7.0

Total		100	%		100	%

Schedule of amounts recognized on the Company's consolidated balance sheets

Amounts recognized on the Company's consolidated balance sheets consist of (in thousands):

	As of December 31,
	2013			2014
Other assets	$	436		$	—
Other Liabilities		—			928
Accumulated other comprehensive loss, net of tax		(1,949	)		(2,672	)

Schedule of amounts recognized in accumulated other comprehensive loss

Amounts recognized in accumulated other comprehensive loss consist of (in thousands):

	2013			2014
Net actuarial loss	$	(2,154	)	$	(3,148	)
Prior service cost		—			—

Accumulated other comprehensive loss, pre-tax	$	(2,154	)	$	(3,148	)


Accumulated other comprehensive loss, net of tax	$	(1,949	)	$	(2,672	)

Schedule of components of the plan's net periodic pension cost

Components of the plan's net periodic pension cost are as follows for the years ended December 31, 2012, 2013 and 2014 (in thousands):

	2012			2013			2014
Service cost	$	612		$	543		$	612
Interest cost		810			665			720
Expected return on plan assets		(972	)		(949	)		(848	)
Amortization of unrecognized net actuarial loss		242			150			218
Amortization of prior service costs		—			—			—

Net periodic pension cost	$	692		$	409		$	702

Schedule of estimated pension benefits

The following estimated pension benefits, which reflect expected future service, as appropriate, are expected to be paid over the next ten years as indicated below (in thousands):

Fiscal Year	Pension Benefits
2015		565
2016		629
2017		634
2018		761
2019		677
2020 - 2024		4,865

	$	8,131

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2014

COMMITMENTS AND CONTINGENCIES

Schedule of the Company's obligation for payments under leases

The Company's obligations for payments under these leases are as follows at December 31, 2014 (in thousands):

2015	$	13,810
2016		13,047
2017		8,983
2018		6,372
2019		2,372
Thereafter		5,319

Total obligations under operating leases	$	49,903

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2014

SEGMENT REPORTING

Schedule of information for each operating segment

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

For the Year Ended December 31, 2012
	U.S. Wireless		International Integrated Telephony		Island Wireless			U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless	$	102,817	$	—	$	—		$	—		$	—		$	102,817
International Wireless		—		27,084		54,379			—			—			81,463
Wireline		603		65,313		—			19,608			—			85,524
Equipment and Other		348		1,738		5,717			189			—			7,992

Total Revenue		103,768		94,135		60,096			19,797			—			277,796
Depreciation and amortization		16,072		17,963		11,067			2,860			2,625			50,587
Non-cash stock-based compensation		—		—		—			—			3,323			3,323
Operating income (loss)		60,290		23,203		(3,334	)		(2,481	)		(21,040	)		56,638

For the Year Ended December 31, 2013
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless	$	107,930	$	—	$	—	$	—		$	—		$	107,930
International Wireless		—		30,334		61,098		—			—			91,432
Wireline		610		61,475		—		22,500			—			84,585
Equipment and Other		465		1,637		6,555		231			—			8,888

Total Revenue		109,005		93,446		67,653		22,731			—			292,835
Depreciation and amortization		14,308		17,975		10,305		3,182			2,967			48,737
Non-cash stock-based compensation		—		—		—		—			3,805			3,805
Operating income (loss)		54,867		28,212		8,610		(1,076	)		(25,978	)		64,085

For the Year Ended December 31, 2014
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Renewable Energy			Reconciling Items			Consolidated
Revenue
U.S. Wireless	$	153,040	$	—	$	—	$	—		$	—		$	—		$	153,040
International Wireless		—		26,819		61,831		—			—			—			88,650
Wireline		609		59,129		—		25,546			—			—			85,284
Equipment and Other		943		984		6,744		253			449			—			9,373
Total Revenue		154,592		86,932		68,575		25,799			449			—			336,347
Depreciation and amortization		14,345		17,408		10,671		4,725			105			3,980			51,234
Non-cash stock-based compensation		—		—		—		—			—			4,323			4,323
Operating income (loss)		89,187		19,628		9,046		(3,668	)		(2,218	)		(26,399	)		85,576

	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Renewable Energy		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		146,346		197,903		74,427		45,351		—		395,692	(1)		859,719
December 31, 2014:
Net fixed assets	$	79,910	$	108,972	$	26,590	$	28,113	$	111,342	$	14,655		$	369,582
Goodwill		32,148		—		5,438		7,491		—		—			45,077
Total assets		188,377		201,335		74,563		42,446		130,124		288,162	(1)		925,030

(1)	Includes $4,748 and $175 of assets associated with our discontinued operations as of December 31, 2013 and 2014 respectively.

	Capital Expenditures
Year Ended December 31,	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Renewable Energy		Reconciling Items		Consolidated
2012		9,792		14,369		4,529		10,508		—		2,956		42,154
2013		34,895		12,452		5,536		12,552		—		3,881		69,316
2014		33,446		10,646		6,064		4,680		—		3,464		58,300

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2014

QUARTERLY FINANCIAL DATA (UNAUDITED)

Summary of the Company's quarterly results of operations

Following is a summary of the Company's quarterly results of operations for the years ended December 31, 2013 and 2014 (in thousands):

	2013 Consolidated for the Three Months Ended
	March 31			June 30			September 30			December 31
Total revenue	$	64,832		$	71,625		$	79,350			77,028
Operating expenses		52,754			55,719			59,312			60,965

Income from operations		12,078			15,906			20,038			16,063
Other income (expense), net		(2,249	)		(2,707	)		(13,042	)		386

Income from continuing operations before income taxes		9,829			13,199			6,996			16,449
Income taxes		3,945			4,868			2,481			(1,758	)

Income from continuing operations		5,884			8,331			4,515			18,207
Income from discontinued operations:
Income (loss) from discontinued operations, net of tax		4,034			3,092			(1,960	)		—
Gain on sale of discontinued operations, net of tax		—			—			305,197			1,905
Income from discontinued operations, net of tax		4,034			3,092			303,237			1,905

Net income		9,918			11,423			307,752			20,112
Net income attributable to non-controlling interests, net of tax:
Continuing operations		(1,055	)		(1,934	)		(2,945	)		(2,055	)
Discontinued operations		(87	)		(630	)		116			—
Disposal of discontinued operations		—			—			(28,699	)		(200	)

		(1,142	)		(2,564	)		(31,528	)		(2,255	)
Net income attributable to Atlantic Tele-Network, Inc. stockholders		8,776			8,859			276,224			17,857
Net income per weighted average basic share attributable to Atlantic Tele-Network, Inc. stockholders
Continuing operations		0.31			0.41			0.10			1.02
Discontinued operations:
Discontinued operations		0.25			0.16			(0.12	)		—
Gain on sale of discontinued operations		—			—			17.57			0.15

Total discontinued operations		0.25			0.16			17.45			0.15

Total		0.56			0.57			17.55			1.17


Net income per weighted average diluted share attributable to Atlantic Tele-Network, Inc. stockholders
Continuing operations		0.31			0.40			0.10			1.02
Discontinued operations:
Discontinued operations		0.25			0.16			(0.12	)		—
Gain on Sale of discontinued operations		—			—			17.45			0.14

Total discontinued operations		0.25			0.16			17.33			0.14

Total		0.56			0.56			17.43			1.16

	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

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Millions	12 Months Ended
	Dec. 31, 2014 USD ($)
Understatement of Transactional Tax Liabilities \| General and administrative expense
Prior period corrections
Correction of immaterial prior period errors in current period	$ 0.7
Understatement of Foreign Exchange Gains \| Other Income
Prior period corrections
Correction of immaterial prior period errors in current period	$ 1.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Thousands		3 Months Ended			12 Months Ended
	Sep. 20, 2013	Dec. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2014	Dec. 31, 2013
Pending Sale Of U.S. Retail Wireless Business
Gain (loss) on sale of assets		$ 1,102	$ 1,905	$ 305,197	$ 1,102	$ 307,102
Alltel Sale \| AT&T Mobility
Pending Sale Of U.S. Retail Wireless Business
Consideration for sale of operations in all-cash transaction	$ 780,000
Working capital	$ 16,800					16,828
Gain (loss) on sale of assets					$ 1,100	$ 307,102

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) $ in Millions, $ in Millions	Dec. 31, 2014 GYD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 GYD ($)
Cash and Cash Equivalents
Deposit with non-insured institutions		$ 88.2
Guyanese dollars
Cash
Cash (in GYD)	$ 57.0		$ 36.9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Fixed assets
Accrued asset retirement obligations	$ 2.7	$ 2.2
Impairment of fixed assets	$ 0.0	$ 0.0	$ 0.0
Minimum
Fixed assets
Useful life	3 years
Maximum
Fixed assets
Useful life	39 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 5) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Goodwill and Indefinite Lived Intangible Assets
Telecommunications license impairment	$ 0.0	$ 0.0
Goodwill impairment	$ 0.0	$ 0.0
Customer relationships \| Maximum
Intangible assets
Estimated life	12 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 7) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accumulated other comprehensive income (loss)
Balance at beginning of period	$ (2,202)	$ (8,297)
Adjust funded status of pension plan, net of tax of $0.2 and $0.6 million for the years December 31, 2013 and 2014 respectively	(724)	(631)	$ 1,395
Foreign currency translation adjustment	4	(259)
Other comprehensive income before reclassifications, net of taxes of $2.3 million		3,753
Amounts reclassified from accumulated other comprehensive income, net of taxes of $2.0 million		3,232
Balance at end of period	(2,921)	(2,202)	(8,297)
Adjust funded status of pension plan, tax	600	200	(1,200)
Other comprehensive income before reclassifications, tax	641	2,316	1,315
Amounts reclassified from accumulated other comprehensive income, tax		2,000
Interest Rate Derivative Agreements
Accumulated other comprehensive income (loss)
Balance at beginning of period		(6,985)
Other comprehensive income before reclassifications, net of taxes of $2.3 million		3,753
Amounts reclassified from accumulated other comprehensive income, net of taxes of $2.0 million		3,232
Balance at end of period			(6,985)
Projected Pension Benefit Obligation
Accumulated other comprehensive income (loss)
Balance at beginning of period	(1,949)	(1,318)
Adjust funded status of pension plan, net of tax of $0.2 and $0.6 million for the years December 31, 2013 and 2014 respectively	(723)	(631)
Balance at end of period	(2,672)	(1,949)	(1,318)
Translation Adjustment
Accumulated other comprehensive income (loss)
Balance at beginning of period	(253)	6
Foreign currency translation adjustment	4	(259)
Balance at end of period	$ (249)	$ (253)	$ 6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 8) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accounting for grants
Amount spent in capital expenditures	$ 58,300	$ 69,316	$ 42,154
Minimum
Accounting for grants
Long-term power purchase agreements term	10 years
Term of depreciation of grant	5 years
Maximum
Accounting for grants
Long-term power purchase agreements term	25 years
Term of depreciation of grant	20 years
Stimulus programs
Accounting for grants
Amount spent in capital expenditures	$ 92,500
Amount that has been funded or will be funded	67,000
Universal Service Fund programs
Accounting for grants
Amount received	3,900	2,400
Amount available to support U.S wireless business relating to high-cost areas	$ 1,300	$ 1,600

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 9)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 9)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues \| Customer concentration \| AT&T
Credit concentrations and significant customers
Percentage of concentration risk	26.00%	18.00%	20.00%
Revenues \| Customer concentration \| Verizon
Credit concentrations and significant customers
Percentage of concentration risk	16.00%	13.00%	11.00%
Accounts receivable \| Credit concentration \| AT&T
Credit concentrations and significant customers
Percentage of concentration risk	47.00%	29.00%
Accounts receivable \| Credit concentration \| Verizon
Credit concentrations and significant customers
Percentage of concentration risk	7.00%	10.00%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 10) $ in Thousands	12 Months Ended
	Dec. 31, 2014 USD ($) $ / $	Dec. 31, 2012 USD ($) $ / $	Dec. 31, 2013 USD ($) $ / $
Foreign Currency Gains and Losses
Value of a Guyana dollar to one U.S. dollar \| $ / $	210	205	210
Foreign currency gain (loss)	$ 1,100	$ 0
Recurring basis \| Level 1
Fair value of financial instruments
Money market funds	1,493		$ 2,244
Total assets measured at fair value	1,493		2,244
Recurring basis \| Level 2
Fair value of financial instruments
Certificates of deposit	363		363
Total assets measured at fair value	363		363
Debt (Note 8)	38,877
Total liabilities measured at fair value	38,877
Recurring basis \| Total
Fair value of financial instruments
Certificates of deposit	363		363
Money market funds	1,493		2,244
Total assets measured at fair value	1,856		$ 2,607
Debt (Note 8)	38,877
Total liabilities measured at fair value	$ 38,877

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 11) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconciliation from basic to diluted weighted average common shares outstanding
Basic weighted-average common shares outstanding	15,898	15,704	15,531
Stock options (in shares)	115	113	88
Diluted weighted-average common shares outstanding	16,013	15,817	15,619
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)		61	367
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)		61	367

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 12) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Stock-based compensation
Non-cash stock-based compensation	$ 4,323	$ 4,454	$ 3,323
Stock options
Stock-based compensation
Non-cash stock-based compensation	$ 900	1,400	1,800
Vesting period	4 years
Restricted Stock
Stock-based compensation
Non-cash stock-based compensation	$ 3,400	$ 3,100	$ 1,800
Restricted shares of common stock issued (in shares)	109,318	100,902	72,083
Vesting period	4 years

ACQUISITIONS (Details) - USD ($) $ in Thousands			3 Months Ended								12 Months Ended			24 Months Ended
ACQUISITIONS (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 24, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014
Purchase price allocation:
Revenue			$ 88,511	$ 89,393	$ 83,269	$ 75,174	$ 77,028	$ 79,350	$ 71,625	$ 64,832	$ 336,347	$ 292,835	$ 277,796
Minimum
Purchase price allocation:
Useful life											3 years
Minimum \| Solar assets
Purchase price allocation:
Useful life														20 years
Maximum
Purchase price allocation:
Useful life											39 years
Maximum \| Solar assets
Purchase price allocation:
Useful life														23 years
Ahana Renewables
Acquisitions
Total transaction value		$ 117,100
Total consideration		78,782
Cash consideration paid		78,800
Assumed debt		$ 38,900
Profit or loss allocation percentage		1.00%
Period of placed in service date for solar assets		5 years
Profit or loss allocation percentage after flip date		95.00%
Purchase price allocation:
Cash		$ 6,571
Other current assets		2,011
Plant and equipment		111,446
Current liabilities		(853)
Long-term debt		(38,877)
Non-controlling interests		(7,400)
Net assets acquired		$ 78,782
Weighted average tax rate percentage		40.00%
Discounted rate used for cash flows		11.75%
Revenue	$ 400
External acquisition related charges relating to legal, accounting and consulting services.		$ 2,500
Ahana Renewables \| Solar assets
Purchase price allocation:
Useful life		25 years
Discounted rate used for solar assets		8.00%
Ahana Renewables \| Minimum
Acquisitions
Percentage of noncontrolling interest initial contribution to be used as basis for buyout option		10.00%
Ahana Renewables \| Maximum
Acquisitions
Percentage of noncontrolling interest initial contribution to be used as basis for buyout option		15.00%
Ahana Renewables \| Restricted cash
Purchase price allocation:
Cash		$ 5,884
Ahana Renewables \| Tax Equity Investor
Acquisitions
Profit or loss allocation percentage		99.00%
Profit or loss allocation percentage after flip date		5.00%
Ahana Renewables \| Tax Equity Investor \| Minimum
Acquisitions
Period to receive return on investment		2 years
Ahana Renewables \| Tax Equity Investor \| Maximum
Acquisitions
Period to receive return on investment		4 years

DISCONTINUED OPERATIONS - SALE OF U.S. RETAIL WIRELESS BUSINESS (Details) - 10K - USD ($) $ in Thousands		3 Months Ended						12 Months Ended
	Sep. 20, 2013	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Proceeds:
Current assets			$ 451,374	$ 472,003				$ 451,374	$ 472,003
Property, plant and equipment, net			369,582	254,632				369,582	254,632
Telecommunication licenses			44,090	39,687				44,090	39,687
Other assets			7,519	7,096				7,519	7,096
Liabilities sold:
Current liabilities			(104,069)	(121,073)				(104,069)	(121,073)
Other liabilities			(19,619)	(12,784)				(19,619)	(12,784)
Net gain on sale			1,102	1,905	$ 305,197			1,102	307,102
Restricted cash, current			39,703	39,000				39,703	39,000
Restricted cash, long-term			5,475	39,000				5,475	39,000
Impairment of intangible assets								0	0
Minority shareholders' interests in sale of operations				200	28,699				28,899
Amount distributed to minority shareholders								16,331	26,155	$ 2,458
Amount included in non-controlling interests			60,960	56,525				60,960	56,525
Revenues and income from discontinued operations
Income from discontinued operations, net of tax expense (benefit) of $1,967, $13,816 and $2,512 respectively					$ (1,960)	$ 3,092	$ 4,034		5,166	29,202
AT&T Mobility \| Alltel Wireless
SALE OF U.S. RETAIL WIRELESS BUSINESS
Consideration for sale of operations in all-cash transaction	$ 780,000
AT&T Mobility \| Trade names \| Alltel Wireless
Liabilities sold:
Impairment of intangible assets									11,900
Alltel Sale \| AT&T Mobility
SALE OF U.S. RETAIL WIRELESS BUSINESS
Consideration for sale of operations in all-cash transaction	780,000
Proceeds:
Received									702,000
Escrowed									78,000
Working capital	$ 16,800								16,828
Adjusted proceeds									796,828
Current assets				51,597					51,597
Property, plant and equipment, net				190,970					190,970
Telecommunication licenses				50,553					50,553
Other intangible assets				37,434					37,434
Other assets				13,202					13,202
Liabilities sold:
Current liabilities				(40,674)					(40,674)
Other liabilities				(22,796)					(22,796)
Net assets sold or impaired				280,286					280,286
Less: Transaction related costs									(13,517)
Pre-tax gain									503,025
Less: Income taxes at effective rate									195,923
Net gain on sale								1,100	307,102
First release of amount of escrowed cash								39,000
Second release of amount of escrowed cash		$ 39,000
Restricted cash				78,000					78,000
Restricted cash, current			39,000	39,000				39,000	39,000
Restricted cash, long-term				39,000					39,000
Minority shareholders' interests in sale of operations								28,900
Amount distributed to minority shareholders								5,800	18,900
Amount included in non-controlling interests			$ 4,500	$ 10,000				$ 4,500	10,000
Revenues and income from discontinued operations
Revenue from discontinued operations									299,519	464,382
Income from discontinued operations, net of tax expense (benefit) of $1,967, $13,816 and $2,512 respectively									5,166	29,202
Income from discontinued operations, tax expense (benefit)									$ 2,512	$ 13,816

ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
ACCOUNTS RECEIVABLE
Accounts receivable	$ 64,217	$ 47,426
Less: allowance for doubtful accounts	(11,344)	(9,746)
Total accounts receivable, net	52,873	37,680
U.S. wireless, Retail
ACCOUNTS RECEIVABLE
Accounts receivable	21,367	19,833
U.S. wireless, Wholesale
ACCOUNTS RECEIVABLE
Accounts receivable	41,245	27,539
Other
ACCOUNTS RECEIVABLE
Accounts receivable	$ 1,605	$ 54

FIXED ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended			24 Months Ended
FIXED ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014
Fixed Assets
Total plant in service	$ 719,435	$ 561,251		$ 719,435
Total property, plant, and equipment in service	763,417	606,912		763,417
Less: Accumulated depreciation	(393,835)	(352,280)		(393,835)
Net fixed assets	369,582	254,632		369,582
Depreciation and amortization	50,300	48,300	$ 50,000
Capital expenditures offset by grants	$ 2,300	31,600	$ 30,600
Minimum
Fixed Assets
Useful Life	3 years
Maximum
Fixed Assets
Useful Life	39 years
Telecommunications equipment and towers
Fixed Assets
Total plant in service	$ 514,814	471,265		$ 514,814
Telecommunications equipment and towers \| Minimum
Fixed Assets
Useful Life				5 years
Telecommunications equipment and towers \| Maximum
Fixed Assets
Useful Life				15 years
Solar assets
Fixed Assets
Total plant in service	111,446			$ 111,446
Solar assets \| Minimum
Fixed Assets
Useful Life				20 years
Solar assets \| Maximum
Fixed Assets
Useful Life				23 years
Office and computer equipment
Fixed Assets
Total plant in service	46,757	46,680		$ 46,757
Office and computer equipment \| Minimum
Fixed Assets
Useful Life				3 years
Office and computer equipment \| Maximum
Fixed Assets
Useful Life				10 years
Buildings
Fixed Assets
Total plant in service	18,079	18,002		$ 18,079
Buildings \| Minimum
Fixed Assets
Useful Life				15 years
Buildings \| Maximum
Fixed Assets
Useful Life				39 years
Transportation vehicles
Fixed Assets
Total plant in service	7,589	6,984		$ 7,589
Transportation vehicles \| Minimum
Fixed Assets
Useful Life				3 years
Transportation vehicles \| Maximum
Fixed Assets
Useful Life				10 years
Leasehold improvements
Fixed Assets
Total plant in service	11,494	11,380		$ 11,494
Land
Fixed Assets
Total plant in service	1,146	1,162		1,146
Furniture and fixtures
Fixed Assets
Total plant in service	8,110	5,778		$ 8,110
Furniture and fixtures \| Minimum
Fixed Assets
Useful Life				5 years
Furniture and fixtures \| Maximum
Fixed Assets
Useful Life				10 years
Construction in progress
Fixed Assets
Total property, plant, and equipment in service	$ 43,982	$ 45,661		$ 43,982

GOODWILL AND INTANGIBLE ASSETS (Details) $ in Thousands	12 Months Ended
GOODWILL AND INTANGIBLE ASSETS (Details) $ in Thousands	Dec. 31, 2014 USD ($) item	Dec. 31, 2013 USD ($)
Goodwill
Impairment charge	$ 0	$ 0
Changes in the carrying amounts of goodwill	$ 0	0
Number of reporting units where fair value exceeded carrying value \| item	1
Percentage by which fair value of one reporting unit exceeded carrying value	24.00%
Goodwill balance	$ 45,077	45,077
Certain segment reporting unit
Goodwill
Goodwill balance	$ 7,500	$ 7,500

GOODWILL AND INTANGIBLE ASSETS (Details 2) $ in Thousands	12 Months Ended
GOODWILL AND INTANGIBLE ASSETS (Details 2) $ in Thousands	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($) item
Telecommunications licenses
Impairment of intangible assets	$ 0	$ 0
Changes in the carrying amount of the company's telecommunications licenses, by operating segment
Balance at the beginning of the period	39,687
Balance at the end of the period	44,090	39,687
Certain Island Wireless Reporting Unit
Telecommunications licenses
Number of reporting units where book value exceeded fair value \| item			1
Telecommunications Licenses
Telecommunications licenses
Impairment of intangible assets	0	0
Changes in the carrying amount of the company's telecommunications licenses, by operating segment
Balance at the beginning of the period	39,687	39,905
Acquired licenses	5,025	186
Licenses sold		(404)
Amortization	(622)
Balance at the end of the period	44,090	39,687	$ 39,905
Telecommunications Licenses \| U.S. Wireless
Changes in the carrying amount of the company's telecommunications licenses, by operating segment
Balance at the beginning of the period	19,888	20,106
Acquired licenses	5,025	186
Licenses sold		(404)
Balance at the end of the period	24,913	19,888	20,106
Telecommunications Licenses \| U.S. Wireline
Changes in the carrying amount of the company's telecommunications licenses, by operating segment
Balance at the beginning of the period	31	31
Balance at the end of the period	31	31	31
Telecommunications Licenses \| Island Wireless
Changes in the carrying amount of the company's telecommunications licenses, by operating segment
Balance at the beginning of the period	19,768	19,768
Amortization	(622)
Balance at the end of the period	$ 19,146	$ 19,768	19,768
Telecommunications Licenses \| Certain Island Wireless Reporting Unit
Telecommunications licenses
Impairment of intangible assets			$ 3,400

GOODWILL AND INTANGIBLE ASSETS (Details 3) - Customer relationships - Island Wireless - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Finite-lived intangible assets
Amortization	$ 400	$ 400	$ 400
Future Amortization
2015	343
2016	309
2017	276
2018	200
2019	145
Thereafter	223
Total	$ 1,496

LONG-TERM DEBT (Details) $ in Millions				12 Months Ended		16 Months Ended
LONG-TERM DEBT (Details) $ in Millions	Nov. 14, 2013 USD ($)	Jun. 17, 2013 USD ($)	May 18, 2012 USD ($) item	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Sep. 20, 2013 item	Dec. 19, 2014 USD ($)	Jun. 30, 2013 USD ($)
Ahana Renewables
Long-term debt
Long-term debt				$ 38.9
Ahana Renewables \| Public Service Electric & Gas
Long-term debt
Effective interest rate (as a percent)				11.30%
Minimum \| Ahana Renewables
Long-term debt
Effective interest rate (as a percent)				4.50%
Maximum \| Ahana Renewables
Long-term debt
Effective interest rate (as a percent)				6.00%
Amended Credit Facility
Long-term debt
Borrowings				$ 0.0
Term loans
Long-term debt
Number of loans repaid in full \| item						2
Interest expenses					$ 4.7
Term loans \| Credit facility
Long-term debt
Maximum borrowing capacity			$ 275.0
Number of term loans \| item			2
Maximum aggregate additional borrowings subject to lender approval			$ 100.0
Term loans \| Credit facility \| LIBOR
Long-term debt
Description of variable rate basis						LIBOR
Term loans \| Credit facility \| Base rate
Long-term debt
Description of variable rate basis						Base Rate
Term loans \| 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%
Term loans \| 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%
Term loans \| Credit facility \| Prime Rate
Long-term debt
Description of variable rate basis						Prime Rate
Term loans \| Credit facility \| Minimum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)						2.00%
Term loans \| Credit facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)						1.00%
Term loans \| Credit facility \| Maximum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)						4.00%
Term loans \| Credit facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)						3.00%
Revolving credit facility \| Credit facility
Long-term debt
Maximum borrowing capacity			100.0
Revolving credit facility \| Credit facility \| LIBOR
Long-term debt
Description of variable rate basis					LIBOR
Revolving credit facility \| Credit facility \| Base rate
Long-term debt
Description of variable rate basis					Base Rate
Revolving credit facility \| Credit facility \| Minimum
Long-term debt
Commitment fee (as a percent)					0.25%
Revolving credit facility \| Credit facility \| Minimum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)					2.00%
Revolving credit facility \| Credit facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)					1.00%
Revolving credit facility \| Credit facility \| Maximum
Long-term debt
Commitment fee (as a percent)					0.50%
Revolving credit facility \| Credit facility \| Maximum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)					3.50%
Revolving credit facility \| Credit facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)					2.50%
Revolving credit facility \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity							$ 225.0
Revolving credit facility \| Amended Credit Facility \| LIBOR
Long-term debt
Description of variable rate basis				LIBOR
Revolving credit facility \| Amended Credit Facility \| Base rate
Long-term debt
Description of variable rate basis				base rate
Revolving credit facility \| Amended Credit Facility \| Minimum
Long-term debt
Commitment fee (as a percent)				0.175%
Revolving credit facility \| Amended Credit Facility \| Minimum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)				1.50%
Revolving credit facility \| Amended Credit Facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)				0.50%
Revolving credit facility \| Amended Credit Facility \| Maximum
Long-term debt
Commitment fee (as a percent)				0.25%
Revolving credit facility \| Amended Credit Facility \| Maximum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)				1.75%
Revolving credit facility \| Amended Credit Facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)				0.75%
Swingline sub-facility \| Credit facility
Long-term debt
Maximum borrowing capacity			$ 10.0
Swingline sub-facility \| Credit facility \| Base rate
Long-term debt
Description of variable rate basis					Base Rate
Swingline sub-facility \| Credit facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)					0.50%
Swingline sub-facility \| Credit facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)					2.00%
Swingline sub-facility \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity							10.0
Swingline sub-facility \| Amended Credit Facility \| Base rate
Long-term debt
Description of variable rate basis				base rate
Swingline sub-facility \| Amended Credit Facility \| One-week LIBOR
Long-term debt
Description of variable rate basis				one-week LIBOR
Swingline sub-facility \| Amended Credit Facility \| One-month LIBOR
Long-term debt
Description of variable rate basis				one-month LIBOR
Swingline sub-facility \| Amended Credit Facility \| Prime Rate
Long-term debt
Description of variable rate basis				prime rate
Swingline sub-facility \| Amended Credit Facility \| Federal Funds Effective Rate
Long-term debt
Description of variable rate basis				federal funds effective rate
Basis spread on variable rate (as a percent)				0.50%
Swingline sub-facility \| Amended Credit Facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)				1.00%
Letter of credit sub-facility
Long-term debt
Outstanding letters of credit				$ 10.6
Letter of credit sub-facility \| Alltel Mobility Funds
Long-term debt
Termination of facility	$ 19.9
Letter of credit sub-facility \| Universal Service Administrative Company
Long-term debt
Outstanding letters of credit								$ 29.8
Termination of facility	$ 19.9
Letter of credit sub-facility \| Credit facility
Long-term debt
Amount of pending awards of mobility fund grants		$ 68.8
Letter of credit sub-facility \| Credit facility \| Universal Service Administrative Company
Long-term debt
Outstanding letters of credit		$ 29.8
Letter of credit sub-facility \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity				$ 55.0			10.0
Commitment fee (as a percent)		1.75%
Letter of credit sub-facility \| Amended Credit Facility \| Alltel Mobility Funds
Long-term debt
Maximum borrowing capacity							$ 25.0
Amount of pending awards of mobility fund grants		$ 68.8
Letter of credit sub-facility \| Amended Credit Facility \| Universal Service Administrative Company
Long-term debt
Outstanding letters of credit		$ 29.8			$ 9.9

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) $ in Millions	Sep. 20, 2013 USD ($)
Interest rate derivative
Derivative instruments and hedging activities
Payment made to counterparties for termination of derivatives	$ 5.4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details 2) - Interest rate derivative - Designated as cash flow hedges $ in Thousands	12 Months Ended
	Dec. 31, 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)	$ 764

MOBILITY FUND GRANTS (Details) $ in Millions			1 Months Ended	12 Months Ended
MOBILITY FUND GRANTS (Details) $ in Millions	Nov. 14, 2013 USD ($)	Sep. 20, 2013 USD ($)	Aug. 31, 2013 USD ($)	Dec. 31, 2014 USD ($) item	Jun. 30, 2013 USD ($)
MOBILITY FUND GRANTS
Number of new funds created by FCC \| item				2
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				$ 10.6
Alltel Mobility Funds
MOBILITY FUND GRANTS
Mobility Funds approved by FCC			$ 47.0
Alltel Mobility Funds \| Letter of credit sub-facility
MOBILITY FUND GRANTS
Amount terminated	$ 19.9
Wholesale Mobility Funds
MOBILITY FUND GRANTS
Mobility Funds approved by FCC			$ 21.7
Wholesale Mobility Funds \| U.S. Wireless
MOBILITY FUND GRANTS
Mobility Funds received				7.3
Grant funds used to offset fixed asset related costs				1.2
Wholesale Mobility Funds \| U.S. Wireless \| Other current liabilities
MOBILITY FUND GRANTS
Mobility Funds received				2.3
Wholesale Mobility Funds \| U.S. Wireless \| Other long-term liabilities
MOBILITY FUND GRANTS
Mobility Funds received				$ 3.8
Universal Service Administrative Company \| Letter of credit sub-facility
MOBILITY FUND GRANTS
Letters of credit posted to USAC					$ 29.8
Cash payment of penalty fees for default		$ 4.6
Amount terminated	$ 19.9

EQUITY (Details) - USD ($)	12 Months Ended
EQUITY (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Treasury Stock
Shares Repurchased	34,293	163,222	9,175
Aggregate Cost	$ 2,160,000	$ 8,103,000	$ 344,000
Average Repurchase Price (in dollars per share)	$ 63.01	$ 49.64	$ 37.51
Stock-based compensation
Number of shares reserved to be granted under the plan	2,000,000
Number of Options
Exercised (in shares)	(43,034)	(303,536)	(62,575)
Stock options
Stock-based compensation
Expiration term	10 years
Vesting period	4 years
Number of Options
Outstanding at the beginning of the period (in shares)	401,287	720,448
Exercised (in shares)	(43,034)	(303,536)
Forfeited- Vested (in shares)		(11,625)
Forfeited- Unvested (in shares)	(7,000)	(4,000)
Outstanding at the end of the period (in shares)	351,253	401,287	720,448
Vested and expected to vest at the end of the period (in shares)	351,142	398,036
Exercisable at the end of the period (in shares)	290,128	241,662
Weighted Avg. Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 36.63	$ 34.31
Exercised (in dollars per share)	37.68	30.64
Forfeited- Vested (in dollars per share)		46.01
Forfeited- Unvested (in dollars per share)	34.22	45.22
Outstanding at the end of the period (in dollars per share)	36.55	36.63	$ 34.31
Vested and expected to vest at the end of the period (in dollars per share)	36.56	35.86
Exercisable at the end of the period (in dollars per share)	$ 36.81	$ 35.86
Weighted Average Remaining Contractual Term
Outstanding	5 years	6 years
Vested and expected to vest	5 years	6 years
Exercisable	4 years 7 months 6 days	5 years 2 months 12 days
Aggregate Intrinsic Value
Outstanding	$ 10,901,529	$ 8,000,149
Vested and expected to vest	10,987,590	7,934,478
Exercisable	8,929,815	5,004,299
Unamortized stock based compensation
Unamortized stock based compensation	$ 400,000
Weighted-average period for recognition of unamortized stock-based compensation cost	1 year
Stock-based compensation, additional disclosures
Weighted-average fair value of options granted (in dollars per share)			$ 15.27
Aggregate intrinsic value of options exercised	$ 1,098,336,000	6,111,000	$ 938,000
Cash proceeds received upon exercise of options	1,621,000	2,669,000	1,452,000
Excess tax benefits from share-based compensation	513,000	2,101,000	$ (362,000)
Weighted-average assumptions using Black-Scholes option-pricing model for estimating fair value of each option granted
Risk-free interest rate (as a percent)			1.40%
Expected dividend yield (as a percent)			2.50%
Expected life			6 years 3 months
Expected volatility (as a percent)			53.00%
Stock compensation expense
Stock compensation expense	$ 900,000	1,400,000	$ 1,800,000
Restricted Stock
Stock-based compensation
Vesting period	4 years
Unamortized stock based compensation
Unamortized stock based compensation	$ 8,100,000
Weighted-average period for recognition of unamortized stock-based compensation cost	2 years 9 months 18 days
Stock compensation expense
Stock compensation expense	$ 3,400,000	$ 3,100,000	$ 1,800,000
Shares
Unvested at the beginning of the period (in shares)	154,519	103,853
Granted (in shares)	109,318	100,902	72,083
Forfeited (in shares)	(8,500)	(250)
Vested and issued (in shares)	(60,194)	(49,986)
Unvested at the end of the period (in shares)	195,143	154,519	103,853
Weighted Avg. Fair Value
Unvested at the beginning of the period (in dollars per share)	$ 44.04	$ 39.63
Granted (in dollars per share)	64.73	48.54
Forfeited (in dollars per share)	51.44	46.85
Vested and issued (in dollars per share)	44.61	43.96
Unvested at the end of the period (in dollars per share)	$ 55.13	$ 44.04	$ 39.63
2008 Equity Incentive Plan \| Restricted Stock
Stock-based compensation
Vesting period	4 years

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Components of income before income taxes
Domestic									$ 57,767	$ 13,697	$ 26,249
Foreign									28,401	32,776	18,547
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	$ 20,072	$ 28,483	$ 21,660	$ 15,953	$ 16,449	$ 6,996	$ 13,199	$ 9,829	$ 86,168	$ 46,473	$ 44,796

INCOME TAXES (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
INCOME TAXES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconciliation from the tax computed at statutory income tax rates to the Company's income tax expense
Tax computed at statutory U.S. federal income tax rates									$ 30,160	$ 16,270	$ 15,679
Valuation allowance									(887)	711	832
Foreign tax reserve									2,095	2,081	2,359
State taxes									1,813	1,032	906
Research and development credit											(1,971)
Other, net									(191)	516	1,711
Income tax expense	$ 5,689	$ 9,569	$ 7,338	$ 5,552	$ (1,758)	$ 2,481	$ 4,868	$ 3,945	28,148	9,536	20,831
Guyana
Reconciliation from the tax computed at statutory income tax rates to the Company's income tax expense
Income taxes in excess (below) of statutory U.S. tax rates									(130)	701	812
Bermuda and Turks & Caicos
Reconciliation from the tax computed at statutory income tax rates to the Company's income tax expense
Income taxes in excess (below) of statutory U.S. tax rates									$ (4,712)	(3,203)	$ 503
Turks & Caicos intercompany note receivable write-down
Reconciliation from the tax computed at statutory income tax rates to the Company's income tax expense
Income taxes in excess (below) of statutory U.S. tax rates										$ (8,572)

INCOME TAXES (Details 3) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
INCOME TAXES (Details 3) - USD ($) $ in Thousands	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current:
United States-Federal									$ 14,761	$ 1,703	$ 4,812
United States-State									1,347	895	2,418
Foreign									12,153	11,787	11,099
Total current income tax expense									28,261	14,385	18,329
Deferred:
United States-Federal									5,205	(5,273)	4,050
United States-State									466	169	(1,011)
Foreign									(5,784)	255	(537)
Total deferred income tax expense (benefit)									(113)	(4,849)	2,502
Consolidated:
United States-Federal									19,966	(3,570)	8,862
United States-State									1,813	1,064	1,407
Foreign									6,369	12,042	10,562
Income tax expense	$ 5,689	$ 9,569	$ 7,338	$ 5,552	$ (1,758)	$ 2,481	$ 4,868	$ 3,945	28,148	9,536	$ 20,831
Deferred tax assets:
Receivables reserve	1,321				1,225				1,321	1,225
Temporary differences not currently deductible for tax	8,001				6,690				8,001	6,690
Deferred compensation	2,019				1,702				2,019	1,702
Foreign tax credit carryforwards	10,576				13,575				10,576	13,575
Pension	436								436
Net operating losses	4,171				2,822				4,171	2,822
Valuation allowance	(13,763)				(16,312)				(13,763)	(16,312)
Total deferred tax asset	12,761				9,702				12,761	9,702
Deferred tax liabilities:
Property, plant and equipment, net	27,681				23,866				27,681	23,866
Intangible assets, net	12,021				11,245				12,021	11,245
Tax on foreign earnings	1,050								1,050
Pension					205					205
Total deferred tax liabilities	40,752				35,316				40,752	35,316
Net deferred tax liabilities	27,991				25,614				27,991	25,614
Deferred tax assets:
Current	2,588				1,994				2,588	1,994
Total deferred tax asset	2,588				1,994				2,588	1,994
Deferred tax liabilities:
Current	213				1,601				213	1,601
Long term	30,366				26,007				30,366	26,007
Total deferred tax liabilities	30,579				27,608				30,579	27,608
Net deferred tax liabilities	27,991				25,614				$ 27,991	25,614
Operating loss carryforwards
Period of cumulative loss									3 years
Undistributed earnings of foreign subsidiaries considered indefinitely reinvested	131,600								$ 131,600
State
Operating loss carryforwards
Net operating loss carryforwards	32,100								32,100
NOL carryforward valuation allowance	1,700				1,100				1,700	1,100
Foreign
Operating loss carryforwards
Net operating loss carryforwards	8,700								8,700
NOL carryforward valuation allowance	1,400				1,600				1,400	1,600
Tax credit carryforwards that expired during the period	3,000				$ 1,800				3,000	$ 1,800
Foreign \| Aruba
Operating loss carryforwards
Net operating loss carryforwards	$ 6,100								$ 6,100

INCOME TAXES (Details 4) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES (Details 4) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Activity related to unrecognized tax benefits
Gross unrecognized tax benefits at the beginning of the period	$ 14,050	$ 10,336	$ 6,952
Increase in uncertain tax positions	1,675	4,137	3,384
Lapse in statute of limitations	(226)
Settlements		(423)
Gross unrecognized tax benefits at the end of the period	15,499	14,050	10,336
Interest and penalties accrued	1,000	$ 400	$ 500
Unrecognized tax benefits that would affect the effective tax rate if recognized	$ 16,500

RETIREMENT PLANS (Details) - Pension plans for GT&T employees - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Retirement plans
Employment period or credited service period for which participants' average salary or hourly wages is used as a base to calculate benefits	3 years
Weighted-average rates assumed in the actuarial calculations for the pension plan
Discount rate (as a percent)				5.75%	5.75%	6.00%
Annual salary increase (as a percent)				6.50%	7.50%	7.50%
Expected long-term return on plan assets (as a percent)	7.00%	7.00%	8.00%
Projected benefit obligations:
Balance at beginning of year	$ 12,237,000	$ 11,660,000
Service cost	612,000	543,000	$ 612,000
Interest cost	720,000	665,000	810,000
Benefits and settlements paid	(623,000)	(1,444,000)
Actuarial (loss) gain	1,129,000	1,127,000
Exchange rate adjustment	18,000	(314,000)
Balance at end of year	14,093,000	12,237,000	11,660,000
Plan net assets:
Balance at beginning of year	12,673,000	12,932,000
Actual return on plan assets	267,000	657,000
Company contributions	832,000	854,000
Benefits and settlements paid	(623,000)	(1,444,000)
Exchange rate adjustment	16,000	(326,000)
Balance at end of year	13,165,000	12,673,000	12,932,000
Funded status of plan
Over (under) funded status of plan				$ (928,000)	$ 436,000
Pension plan assets
Fair value of plan assets	12,673,000	12,932,000	12,932,000	$ 13,165,000	$ 12,673,000	$ 12,932,000
Weighted-average asset allocations (as a percent)				100.00%	100.00%
Amounts recognized on the consolidated balance sheets
Other assets					$ 436,000
Other Liabilities				$ 928,000
Accumulated other comprehensive loss, net of tax				(2,672,000)	(1,949,000)
Amounts recognized in accumulated other comprehensive loss
Net actuarial loss				(3,148,000)	(2,154,000)
Accumulated Other Comprehensive Income (Loss), before Tax, Total				(3,148,000)	(2,154,000)
Accumulated other comprehensive loss, net of tax				(2,672,000)	$ (1,949,000)
Components of the plan's net periodic pension cost
Service cost	612,000	543,000	612,000
Interest cost	720,000	665,000	810,000
Expected return on plan assets	(848,000)	(949,000)	(972,000)
Amortization of unrecognized net actuarial loss	218,000	150,000	242,000
Net periodic pension cost	702,000	$ 409,000	$ 692,000
Additional disclosure
Expected contribution in 2015	$ 543,000
Estimated Pension Benefits
2015				565,000
2016				629,000
2017				634,000
2018				761,000
2019				677,000
2020-2024				4,865,000
Total				8,131,000
Minimum
Funded status of plan
Percentage of plan assets to be invested within Guyana	70.00%
Maximum
Funded status of plan
Percentage of plan assets to be invested within Guyana	80.00%
Level 1
Plan net assets:
Balance at end of year	$ 12,417,000
Pension plan assets
Fair value of plan assets	12,417,000			12,417,000
Level 2
Plan net assets:
Balance at end of year	748,000
Pension plan assets
Fair value of plan assets	748,000			748,000
Cash, cash equivalents, money markets and other
Plan net assets:
Balance at end of year	10,532,000
Pension plan assets
Fair value of plan assets	10,532,000			$ 10,532,000
Weighted-average asset allocations (as a percent)				80.00%	77.00%
Cash, cash equivalents, money markets and other \| Level 1
Plan net assets:
Balance at end of year	9,784,000
Pension plan assets
Fair value of plan assets	9,784,000			$ 9,784,000
Cash, cash equivalents, money markets and other \| Level 2
Plan net assets:
Balance at end of year	748,000
Pension plan assets
Fair value of plan assets	748,000			748,000
Equity securities
Plan net assets:
Balance at end of year	1,711,000
Pension plan assets
Fair value of plan assets	1,711,000			$ 1,711,000
Weighted-average asset allocations (as a percent)				13.00%	11.10%
Equity securities \| Level 1
Plan net assets:
Balance at end of year	1,711,000
Pension plan assets
Fair value of plan assets	1,711,000			$ 1,711,000
Fixed income securities
Plan net assets:
Balance at end of year	922,000
Pension plan assets
Fair value of plan assets	922,000			$ 922,000
Weighted-average asset allocations (as a percent)				7.00%	11.90%
Fixed income securities \| Level 1
Plan net assets:
Balance at end of year	922,000
Pension plan assets
Fair value of plan assets	$ 922,000			$ 922,000

COMMITMENTS AND CONTINGENCIES (Details) ƒ in Millions, $ in Millions			1 Months Ended			12 Months Ended
	Nov. 14, 2013 USD ($)	Jun. 17, 2013 USD ($)	Jan. 31, 2014 AWG (ƒ)	Jan. 31, 2014 USD ($)	Nov. 30, 2007 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2011 USD ($)	Dec. 19, 2014 USD ($)	Dec. 31, 2013 USD ($)	Jun. 30, 2013 USD ($)	Feb. 17, 2010 USD ($)
Commitments and contingencies
Renewal fee of telecommunications license			ƒ 7.2	$ 4.0
Contingency related to spectrum fees
Commitments and contingencies
Spectrum fees paid							$ 2.6
Letter of credit sub-facility
Commitments and contingencies
Letters of credit posted to USAC						$ 10.6
Letter of credit sub-facility \| Amended Credit Facility
Commitments and contingencies
Maximum borrowing capacity						$ 55.0		$ 10.0
Commitment fee (as a percent)		1.75%
Alltel Mobility Funds \| Letter of credit sub-facility
Commitments and contingencies
Termination of facility	$ 19.9
Alltel Mobility Funds \| Letter of credit sub-facility \| Amended Credit Facility
Commitments and contingencies
Maximum borrowing capacity								$ 25.0
Amount of pending awards of mobility fund grants		$ 68.8
Universal Service Administrative Company \| Letter of credit sub-facility
Commitments and contingencies
Termination of facility	$ 19.9
Letters of credit posted to USAC										$ 29.8
Universal Service Administrative Company \| Letter of credit sub-facility \| Amended Credit Facility
Commitments and contingencies
Letters of credit posted to USAC		$ 29.8							$ 9.9
Draw downs against issued letters of credit									$ 0.0
Lawsuit filed by CTL \| Minimum
Commitments and contingencies
Damages asserted					$ 200.0
Litigation proceedings and disputes in Guyana
Commitments and contingencies
Period for which litigation proceedings and other disputes have not been the subject of discussions or other significant activity						5 years
Lawsuit filed by GT&T against Digicel
Commitments and contingencies
Punitive damages											$ 5.0
Lawsuit filed by GT&T against Digicel \| Minimum
Commitments and contingencies
Actual damages											$ 9.0
Legal claims regarding tax filings with the Guyana Revenue Authority
Commitments and contingencies
Future payments related to disputed tax assessments						$ 33.2
Legal claims regarding tax filings with the Guyana Revenue Authority \| Minimum
Commitments and contingencies
Percentage of return on investment ensured by the government of Guyana						15.00%

COMMITMENTS AND CONTINGENCIES (Details 2) $ in Thousands, ft² in Millions	12 Months Ended
	Dec. 31, 2014 USD ($) ft²	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
COMMITMENTS AND CONTINGENCIES
Area of lease (in square feet) \| ft²	2.3
Obligation for payments under leases
2015	$ 13,810
2016	13,047
2017	8,983
2018	6,372
2019	2,372
Thereafter	5,319
Total obligations under operating leases	49,903
Rent expense
Rent expense	$ 15,000	$ 12,700	$ 13,700

RELATED PARTY TRANSACTIONS (Details)	1 Months Ended	12 Months Ended
RELATED PARTY TRANSACTIONS (Details)	Oct. 31, 2014 USD ($) item	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
Related Party Transaction
Rent payments		$ 15,000,000	$ 12,700,000	$ 13,700,000
Cornelius B. Prior Jr \| Tropical Tower
Related Party Transaction
Ownership percentage	90
Rent payments	$ 117,000
Initial Term	5 years
Number of additional renewal period \| item	2
Renewal period	5 years
Percentage of increase in rent	5.00%

SEGMENT REPORTING (Details) $ in Thousands	3 Months Ended								12 Months Ended
SEGMENT REPORTING (Details) $ in Thousands	Dec. 31, 2014 USD ($)	Sep. 30, 2014 USD ($)	Jun. 30, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Sep. 30, 2013 USD ($)	Jun. 30, 2013 USD ($)	Mar. 31, 2013 USD ($)	Dec. 31, 2014 USD ($) item	Dec. 31, 2013 USD ($) item	Dec. 31, 2012 USD ($) item
SEGMENT REPORTING
Number of reportable segments \| item									5	4	4
Revenue
Revenue	$ 88,511	$ 89,393	$ 83,269	$ 75,174	$ 77,028	$ 79,350	$ 71,625	$ 64,832	$ 336,347	$ 292,835	$ 277,796
Depreciation and amortization									51,234	48,737	50,587
Non-cash stock-based compensation									4,323	4,454	3,323
Operating income (loss)	19,563	$ 28,158	$ 21,607	$ 16,248	16,063	$ 20,038	$ 15,906	$ 12,078	85,576	64,085	56,638
Segment Assets
Net fixed assets	369,582				254,632				369,582	254,632
Goodwill	45,077				45,077				45,077	45,077
Total assets	925,030				859,719				925,030	859,719
Capital Expenditures
Capital expenditures									58,300	69,316	42,154
U.S. Wireless
Revenue
Revenue									153,040	107,930	102,817
International wireless
Revenue
Revenue									88,650	91,432	81,463
Wireline
Revenue
Revenue									85,284	84,585	85,524
Equipment and other
Revenue
Revenue									9,373	8,888	7,992
Reconciling Items
Revenue
Depreciation and amortization									3,980	2,967	2,625
Non-cash stock-based compensation									4,323	3,805	3,323
Operating income (loss)									(26,399)	(25,978)	(21,040)
Segment Assets
Net fixed assets	14,655				6,731				14,655	6,731
Total assets	288,162				395,692				288,162	395,692
Capital Expenditures
Capital expenditures									3,464	3,881	2,956
Reconciling Items \| Discontinued operations
Segment Assets
Total assets	175				4,748				175	4,748
U.S. Wireless \| Operating segments
Revenue
Revenue									154,592	109,005	103,768
Depreciation and amortization									14,345	14,308	16,072
Operating income (loss)									89,187	54,867	60,290
Segment Assets
Net fixed assets	79,910				73,592				79,910	73,592
Goodwill	32,148				32,148				32,148	32,148
Total assets	188,377				146,346				188,377	146,346
Capital Expenditures
Capital expenditures									33,446	34,895	9,792
U.S. Wireless \| Operating segments \| U.S. Wireless
Revenue
Revenue									153,040	107,930	102,817
U.S. Wireless \| Operating segments \| Wireline
Revenue
Revenue									609	610	603
U.S. Wireless \| Operating segments \| Equipment and other
Revenue
Revenue									943	465	348
International Integrated Telephony \| Operating segments
Revenue
Revenue									86,932	93,446	94,135
Depreciation and amortization									17,408	17,975	17,963
Operating income (loss)									19,628	28,212	23,203
Segment Assets
Net fixed assets	108,972				118,917				108,972	118,917
Total assets	201,335				197,903				201,335	197,903
Capital Expenditures
Capital expenditures									10,646	12,452	14,369
International Integrated Telephony \| Operating segments \| International wireless
Revenue
Revenue									26,819	30,334	27,084
International Integrated Telephony \| Operating segments \| Wireline
Revenue
Revenue									59,129	61,475	65,313
International Integrated Telephony \| Operating segments \| Equipment and other
Revenue
Revenue									984	1,637	1,738
Island Wireless \| Operating segments
Revenue
Revenue									68,575	67,653	60,096
Depreciation and amortization									10,671	10,305	11,067
Operating income (loss)									9,046	8,610	(3,334)
Segment Assets
Net fixed assets	26,590				29,310				26,590	29,310
Goodwill	5,438				5,438				5,438	5,438
Total assets	74,563				74,427				74,563	74,427
Capital Expenditures
Capital expenditures									6,064	5,536	4,529
Island Wireless \| Operating segments \| International wireless
Revenue
Revenue									61,831	61,098	54,379
Island Wireless \| Operating segments \| Equipment and other
Revenue
Revenue									6,744	6,555	5,717
U.S. Wireline \| Operating segments
Revenue
Revenue									25,799	22,731	19,797
Depreciation and amortization									4,725	3,182	2,860
Operating income (loss)									(3,668)	(1,076)	(2,481)
Segment Assets
Net fixed assets	28,113				26,082				28,113	26,082
Goodwill	7,491				7,491				7,491	7,491
Total assets	42,446				$ 45,351				42,446	45,351
Capital Expenditures
Capital expenditures									4,680	12,552	10,508
U.S. Wireline \| Operating segments \| Wireline
Revenue
Revenue									25,546	22,500	19,608
U.S. Wireline \| Operating segments \| Equipment and other
Revenue
Revenue									253	$ 231	$ 189
Energy \| Operating segments
Revenue
Revenue									449
Depreciation and amortization									105
Operating income (loss)									(2,218)
Segment Assets
Net fixed assets	111,342								111,342
Total assets	$ 130,124								130,124
Energy \| Operating segments \| Equipment and other
Revenue
Revenue									$ 449

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Quarterly financial data
Total revenue	$ 88,511	$ 89,393	$ 83,269	$ 75,174	$ 77,028	$ 79,350	$ 71,625	$ 64,832	$ 336,347	$ 292,835	$ 277,796
Operating expenses	68,948	61,235	61,662	58,926	60,965	59,312	55,719	52,754	250,771	228,750	221,158
Income from operations	19,563	28,158	21,607	16,248	16,063	20,038	15,906	12,078	85,576	64,085	56,638
Other income (expense), net	509	325	53	(295)	386	(13,042)	(2,707)	(2,249)	592	(17,612)	(11,842)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	20,072	28,483	21,660	15,953	16,449	6,996	13,199	9,829	86,168	46,473	44,796
Income tax	5,689	9,569	7,338	5,552	(1,758)	2,481	4,868	3,945	28,148	9,536	20,831
INCOME FROM CONTINUING OPERATIONS	14,383	18,914	14,322	10,401	18,207	4,515	8,331	5,884	58,020	36,937	23,965
Income from discontinued operations:
Income from discontinued operations, net of tax						(1,960)	3,092	4,034		5,166	29,202
Gain on sale of discontinued operations, net of tax	1,102				1,905	305,197			1,102	307,102
Income from discontinued operations, net of tax	1,102				1,905	303,237	3,092	4,034	1,102	312,268	29,202
NET INCOME	15,485	18,914	14,322	10,401	20,112	307,752	11,423	9,918	59,122	349,205	53,167
Net income attributable to non-controlling interests, net of tax:
Continuing operations	(2,854)	(2,747)	(2,809)	(2,560)	(2,055)	(2,945)	(1,934)	(1,055)	(10,970)	(7,989)	(3,145)
Discontinued operations						116	(630)	(87)		(601)	(1,090)
Disposal of discontinued operations					(200)	(28,699)				(28,899)
Net income attributable to non-controlling interests, net of tax	(2,854)	(2,747)	(2,809)	(2,560)	(2,255)	(31,528)	(2,564)	(1,142)	(10,970)	(37,489)	(4,235)
NET INCOME ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS	$ 12,631	$ 16,167	$ 11,513	$ 7,841	$ 17,857	$ 276,224	$ 8,859	$ 8,776	$ 48,152	$ 311,716	$ 48,932
NET INCOME PER WEIGHTED AVERAGE BASIC SHARE ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS:
Continuing operations (in dollars per share)	$ 0.72	$ 1.02	$ 0.72	$ 0.50	$ 1.02	$ 0.10	$ 0.41	$ 0.31	$ 2.96	$ 1.84	$ 1.34
Discontinued operations:
Discontinued operations (in dollars per share)						(0.12)	0.16	0.25		0.29	1.81
Gain on sale of discontinued operations (in dollars per share)	0.07				0.15	17.57			0.07	17.72
Total discontinued operations (in dollars per share)	0.07				0.15	17.45	0.16	0.25	0.07	18.01	1.81
Total (in dollars per share)	0.79	1.02	0.72	0.50	1.17	17.55	0.57	0.56	3.03	19.85	3.15
NET INCOME PER WEIGHTED AVERAGE DILUTED SHARE ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS:
Continued operations (in dollars per share)	0.72	1.01	0.72	0.49	1.02	0.10	0.40	0.31	2.94	1.83	1.33
Discontinued operations:
Discontinued operations (in dollars per share)						(0.12)	0.16	0.25		0.29	1.80
Gain on sale of discontinued operations (in dollars per share)	0.07				0.14	17.45			0.07	17.59
Total discontinued operations (in dollars per share)	0.07				0.14	17.33	0.16	0.25	0.07	17.88	1.80
Total (in dollars per share)	$ 0.79	$ 1.01	$ 0.72	$ 0.49	$ 1.16	$ 17.43	$ 0.56	$ 0.56	$ 3.01	$ 19.71	$ 3.13

SUBSEQUENT EVENT (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
SUBSEQUENT EVENT (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2014	Dec. 31, 2013
SUBSEQUENT EVENT
Gain (loss) on sale of assets		$ 1,102	$ 1,905	$ 305,197	$ 1,102	$ 307,102
Subsequent event \| Turks And Caicos Island Retail Wireless \| Cable And Wireless Limited
SUBSEQUENT EVENT
Gain (loss) on sale of assets	$ 19,000

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Movement in valuation and qualifying accounts
Balance at Beginning of Year	$ 25,317	$ 24,692	$ 24,375
Charged to Costs and Expenses	2,978	2,806	2,322
Deductions	3,189	2,181	2,005
Balance at End of Year	25,106	25,317	24,692
Valuation allowance on foreign tax credit carryforwards
Movement in valuation and qualifying accounts
Balance at Beginning of Year	13,576	15,396	16,755
Deductions	2,999	1,820	1,359
Balance at End of Year	10,577	13,576	15,396
Valuation allowance on foreign net operating losses
Movement in valuation and qualifying accounts
Balance at Beginning of Year	1,610	898	560
Charged to Costs and Expenses		712	338
Deductions	110
Balance at End of Year	1,500	1,610	898
Valuation allowance on state net operating losses
Movement in valuation and qualifying accounts
Balance at Beginning of Year	1,126	494
Charged to Costs and Expenses	561	632	494
Balance at End of Year	1,687	1,126	494
Allowance for doubtful accounts
Movement in valuation and qualifying accounts
Balance at Beginning of Year	9,005	7,904	7,060
Charged to Costs and Expenses	2,417	1,462	1,490
Deductions	80	361	646
Balance at End of Year	$ 11,342	$ 9,005	$ 7,904