XML 40 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
NET SERVICE FEE REVENUE        
Service fee revenue, net of contractual allowances and discounts $ 167,027 $ 148,579 $ 507,273 $ 446,032
Provision for bad debts (6,574) (5,558) (19,453) (16,260)
Net service fee revenue 160,453 143,021 487,820 429,772
OPERATING EXPENSES        
Cost of operations 133,223 117,747 405,177 352,688
Depreciation and amortization 13,369 14,309 43,154 42,526
Loss (gain) on sale and disposal of equipment (45) (331) 255 (1,928)
Severance costs 66 316 678 970
Total operating expenses 146,613 132,041 449,264 394,256
INCOME FROM OPERATIONS 13,840 10,980 38,556 35,516
OTHER INCOME AND EXPENSES        
Interest expense 13,875 13,242 40,917 39,307
Gain on deconsolidation of joint venture (2,777)    (2,777)   
Other income (1,360) (1,506) (3,851) (3,566)
Total other expenses 9,738 11,736 34,289 35,741
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF JOINT VENTURES 4,102 (756) 4,267 (225)
Provision for income taxes (30) (234) (696) (718)
Equity in earnings of joint ventures 909 1,038 4,157 3,789
NET INCOME 4,981 48 7,728 2,846
Net (loss) income attributable to noncontrolling interests (72) 9 (160) 162
NET INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 5,053 $ 39 $ 7,888 $ 2,684
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 0.13 $ 0.00 $ 0.21 $ 0.07
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 0.13 $ 0.00 $ 0.2 $ 0.07
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic 38,340,482 37,426,460 37,737,467 37,347,946
Diluted 39,860,685 38,469,973 39,244,299 39,078,998